Plastic Finance efforts enrich the recycling system and empower the waste community
Former bankers, former capital market players, plastic recycling entrepreneurs, and leading programmers from Bandung, Medan and Surabaya in Indonesia have joined forces to build a DeFi (Decentralized Finance) -based app that offers plastic milling exchangers, plastic loans & savings banks, and coin indices. stable based on plastic recycling.
Everyone knows that efforts to clean up plastic waste in the second most plastic -contaminated country, using digital mobile applications have begun over the past 4 years. To name a few, 2 other startups are doing similar things. However, Plastic Finance is more focused on the welfare of Plastic scavengers, by using DeFi & Blockchain technology, we can cut intermediaries in the supply chain to MRF (Material Recovery Facility) thus giving them a reasonable price from our exchange, and access to facility credit through Plastic Finance DeFi.
Plastic Finance Crowdfunding created PLAS tokens that represent the economic rights of this effort, so token holders will get royalty payments paid from exchange spreads and DeFi transaction fees, which is why we set up a cooperative for it. Thus, scavengers as members of the cooperative will have the option to be paid in cash or to place their plastic grinders as savings in the form of stablecoin.
Only through DeFi can we increase the trust of this campaign, because investors trust DeFi, trust its code, although not much freedom to use funds, but DeFi's growth from 2019 with only USD1 billion total locked in value (TVL) to USD60 billion TVL today is proof of how people trust DeFi more than CeFi (Centralized Finance).
The AIRDROP campaign has just been launched with a total of 1,000,000 PLAS tokens allocated for airdrop. Plastic Finance is also looking for seed investors for this campaign, and we need to turn the plastic puzzle into a financial opportunity because plastic can be recycled and reused. With economic value and more room to grow, the overall plastic recycling business is worth USD35 Billion and the total size of the plastics industry is USD625 Billion.
In short, Plastic Finance aims to be a Dapps (decentralized application), plastic milling/pellet converter, DeFi, and recycled plastic milling index simultaneously.
How the Platform Works
Plastic Finance works in two ways: empowering the garbage community (such as scavengers, scavengers, etc.) and giving rewards to those involved in the network. Scavengers will be rewarded for their contributions, where they have the option to earn money in the form of tokens or fiat (real) money. If they prefer crypto tokens, they can actually take part in the platform. They can use this platform to gain financial access, and this is rare because the junk community is usually a party that does not have a bank account. Well, with this platform, these unbanked people can finally enjoy financial access
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