Plastic Finance — The Circular Economy By Improving The Recycling System

Plastics are becoming a problem for the 16th generation, which has been around for 400 years. 91 percent is not recycled, which has an impact on both ourselves and the environment. Plastic trash is all over the place. We consume plastic, drink plastic, and inhale plastic. Every minute, more than two trillion plastic bottles are sold, half of which are in Asia, with Indonesia ranking second only to China, the world’s top polluter.

The phrase “circular economy” is being bandied about a lot these days. In the classic linear economy, the product cycle runs from manufacture or creation through usage, and then the product is discarded as waste. However, the traditional linear economy is harmful to the environment. Our products are not all biodegradable. A product’s life in a circular economy is equal to its cycle. As much as feasible may be recycled and reused during the manufacturing process, as well as throughout the use phase and disposal. Policymakers all around the globe are working to develop a more circular economy by lowering the amount of new resources required to maintain the economy and minimizing waste.

Plastic Finance is the first blockchain-based plastics bank in Indonesia. Save the rubbish collector from destitution. Through Defi, provide bank loans to the needy. Many Indonesians will benefit from improved employment, education, access to services, and skills as a result of plastic finance. It also assists governments in implementing green projects or ecology-based budgeting by conserving soil. At the same time, you may help the environment while also benefiting.

What is plastic finance?

Plastic finance, also known as ESG-themed investing, makes use of cryptocurrencies and blockchain technology to deliver environmental, social, and governance services. One PLAS token at an open sale price equals 10 kg of CO2 emissions per year and roughly 6.4 tonnes of recycled plastic per year. Through recycling plastic money, a portion of the earnings helps to reduce carbon emissions by greening efforts such as planting teak trees in decarbonized areas.

Through cooperation and DeFi, Plastic Finance empowers plastic trash pickers by providing them with financial inclusion and educational possibilities. In the supply chain, 50 workers are required for every 50 tons per hour recycled. By the end of 2023, Plastic Finance hopes to have recycled 80,000 to 2,16,000 tons of plastic grinds each year.

By encouraging every home and MRF, blockchain technology and stablecoins may play a significant role in simplifying the finance of the plastic recycling sector. Smart contracts may be used to tokenize different types of plastic shredding and pellets and create an internal trade, making it easier for consumers and companies to monetize plastic trash, and blockchain increases transparency in the plastic industry supply chain. DeFi Dapps (Decentralized Finance, Decentralized Applications) may also be used to convert waste into assets.

Vision

Plastic Finance can use blockchain and DApps to improve recycling business flows and enable scavengers to be properly compensated for their efforts. Plastic Finance will develop an app that will enable scavengers to store their garbage as assets in the form of Grind’s stablecoins, which can then be sold to MRFs, traded for cash, or collateralized on the DeFi platform.

PLAS token

The PLAS coin is the foundation of the Plastic Finance ecosystem. PLAS was developed to support recycling initiatives and to serve as a governance and ownership token for distributing or sharing money generated by recycling and DeFi activities.

Plastic Finance charges a 5% fee on the price of the plastic refractory inter-exchange spread, as well as a 0.175 percent cost for storing withdrawals or loan payment transactions on the DeFi platform. All of these fees are gathered in your wallet and may be dispersed on a regular basis through the use of smart contracts.

Plastic Finance’s cooperative recycling firm recovers 60% of its yearly net profit. In turn, Plastic Finance will provide dividends to PLAS holders in the form of fees and profit-sharing.

Tokenomics

Ticker: PLAS
Token Type: BEP-20 MainNet
Token address: 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A
Token Sale Address: 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB
Total Token Supply: 23,900,000 PLAS

Profit Sharing Plan

Plastic Finance contributes 10% of dividend income per ton per day to the project’s greening. Ash crush recycling may be utilized to purchase seed plants for 500–1280 teak trees.

Plastic Finance via MRF extends the circular economy stream by distributing a predetermined quantity of tree planting programs (in conjunction with certified grower organizations such as SINERGI FOUNDATION) for each amount of recycled plastic, enabling token holders to select three. It enables you to tackle several problems at the same time. Simultaneously, carbon absorption is achieved through plastic trash recycling, community cleanliness, financial inclusion, and tree planting.

Because one tree can absorb 10Kg of carbon dioxide each year, this project has the potential to decarbonize 21.000–40.000 tonnes of CO2 throughout its three-year lifespan.

Roadmap

Team

conclusion

Plastic Finance focuses on boosting the productivity of garbage pickers in order to recycle plastics. Plastic finance has little effect on the waste value chain. Rather, it adds value to the value chain, benefiting all stakeholders. We also fund tree planting projects to reduce CO2 emissions, demonstrating our commitment to a circular economy.

More Info:

Website: https://plastic.finance
Official Twitter : @Plastic _Finance
Whitepaper: https://plastic.finance/whitepaper.pdf
Official Telegram: https://t.me/plasticfinance
Facebook : https://www.facebook.com/plastic.finance/
Linkedin : https://www.linkedin.com/company/plastic-finance

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Author

BTT Username: Cryptolakshi
BTT URL: https://bitcointalk.org/index.php?action=profile;u=2813018
BEP20 Address: 0xA2f3dEE310133fec376F2061B6BBf2BC9FD8e9D1

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Review ICO, IEO, Exchange Contact Info: cryptoarindu@gmail.com

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