PLASTIC FINANCE | PLASTIC RECYCLING
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Plastic Finance Project Background:
According to the United Nations, we throw away more than 2 billion tons of waste every year. Global waste could grow to 3.40 billion tonnes by 2050, more than double the population growth over the same period. The average waste generated per person per day is 0.74 kilograms but ranges from 0.11 to 4.54 kilograms. By 2050, these figures could increase by 40% in low- and middle-income countries and 19% in high-income countries. The fastest growing regions are Sub-Saharan Africa, South Asia, and the Middle East, and North Africa.
About 12%, or 242 million tonnes, of total waste each year is plastic. About 91% of plastic waste is not recycled, and about 79% accumulates in landfills or is in the environment as waste. Research shows that about 8 million tons of plastic end up in the oceans every year. There's some giant plastic soup in the ocean. The largest is in the Pacific, covering 1.6 million square kilometers, or three times the size of France. If the trash growth trend continues, there will be more plastic waste than fish in the oceans.
Plastic Finance Project Mission:
1. We are advancing the round economy by improving the reuse system: Plastic Financing revolves around the reuse of plastics by expanding the effectiveness of scavengers. We do not disrupt the waste value chain; with all in mind, we improve the value chain to benefit all social affairs. In addition, we support efforts to replant trees to remove carbon from CO2 pollution, further establishing our commitment to a round economy.
2. We empower the waste community so that they have a higher social status in society: Plastic Financing means involving waste organizations. We revolve around activities that will garner their self-esteem, which increases their effectiveness and well-being.
3. We democratize access to ESG investments: Our efforts to enrich the recycling system and empower the waste community can be sustained and expanded with the help of the investment community. With DApps and DeFi, we are democratizing access for everyone to take part in a global mission to recycle and empower.
We are happy to announce our personal representative arrangement, starting now. Monetary customers will be selected based on authenticity-based techniques, with a focus on the fundamental value they bring to Plastic Finance, and even more so overall can sharpen Plastic Finance's Vision. We will measure monetary sponsorship depending on; Crypto portfolio experience, basic reasoning management, all the way to crypto exchange, and onboarding stage. In addition, we have successfully allocated 11,800+ wallets for our airdrop program which was recorded in the airdrop statement. You can check the nuances of trading here: https://bscscan.com/token/0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A
The main purpose of our personal emblem arrangement is to combine key agents and environments of the DeFi climate and the Circular Economy that can help to critically develop the Plastics Finance network by outlining examples of a healthy representative economy.
How the Platform Works
Plastic Finance works in two ways: empowering the waste community (such as scavengers, scavengers, etc.) and rewarding those involved in the network. Scavengers will be rewarded for their contributions, where they have the option to earn money in 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 access to finance, and this is rare because the trash community is usually the unbanked. Well, with this platform, these unbanked people can finally enjoy financial access
Plastic Finance Vision:
Using blockchain and DApps, Plastic Finance can streamline the recycling business flow and empower scavengers so they get better care for their hard work. Plastic Finance will create an app that scavengers can use to sell their waste to MRF, exchange it for cash or store it as an asset in the form of grind stable coins that can be pledged on our DeFi platform.
PROBLEM:
There are two issues we want to address. The first is about inefficient recycling systems that prevent people from living in a circular economy. The second is about the essential but poor waste community.
Inefficient recycling systems hinder the circular economy:
- Recycling waste is a form of wealth creation. It can spur grassroots investment by the poor, create jobs, reduce poverty, save cities money, increase industrial competitiveness, conserve natural resources, and protect the environment.
- However, seeing how 91% of plastic waste is left unrecycled, our society still considers recycling activities to be negligible. This behavior is a legacy of the 'take-for-waste' economic development framework. In the context of plastics, encouraging a circular economy can be done by optimizing recycling activities. Due to its chemical structure, one can only recycle most plastics about three times, with each recycling process resulting in lower quality plastics.
- After all the recycling processes, plastic is destined to pollute our environment forever. Due to these characteristics, increasing the recyclability is of utmost importance.
Important but poor waste community:
- Garbage communities living in landfills are suffering. Landfills, especially in developing countries, are an irony. Due to the city's improper recycling system, landfills rely on informal workers as scavengers, waste sorters, transporters, and all roles in the recycling process. Thus, landfills are a source of livelihood for millions of people.
- However, the situation at the landfill was dire. Hazardous working conditions due to sharp and toxic waste and landslides. Living conditions are very poor due to bad smells, pests and polluted groundwater. Socially, the trash community is shunned by others because of low self-esteem. As informal workers, they are largely denied access to health insurance and pensions. The trash community is also denied access to the banking system, even though they need it. Most of the scavengers and waste sorters are informal workers who get marginal remuneration.
- Denying access to the banking system prevents them from obtaining better tools that can increase their productivity. In addition, they become vulnerable to moneylenders because they are generally illiterate. This creates a downward spiral for their well-being.
SOLUTION:
Blockchain technology and stable coins can play an important role in streamlining the funding of the plastic recycling industry, empowering the waste community, and acting as an ESG investment model. We propose three pillars of the solution:
- Encourage transparency of waste prices through tokenization
- Economic and social empowerment for the waste community through DeFi
- Ensure the sustainability of this movement through security tokens and make this project an ESG investment model
Using smart contracts, we tokenize each type of plastic waste and create an internal exchanger, so that everyone in the waste supply chain can have easy access to monetize plastic waste. Blockchain technology provides more transparency on price formation and can be used as a tracker for better waste management. Next, we create DeFi DApss so that waste can be pledged as an asset. DeFi will enable scavengers and communities to gain access to funding to increase their productivity. Finally, governance tokens that also function as dividend tokens will ensure the sustainability of this circular economy model. By making this model an ESG investment, we can increase its potential for wider adoption worldwide.
PLAS Token & Profit sharing to PLAS token holders:
- PLAS is the native token of the Plastic Finance ecosystem. PLAS was created to fund the Recycling project and serves as a governance and ownership token for earning student dividends or profit sharing from recycling and DeFi transactions, Internal Exchange spreads.
- Plastic Finance will collect a 5% fee from the price of the plastic internal exchanger spread, and a 0.175% fee from a savings withdrawal transaction or loan payment on the DeFi platform. All these fees will be collected in the wallet and using a smart contract, can be distributed regularly.
- Plastic Finance collects 60% of its net profit annually from the cooperative's recycling business. In turn, Plastic Finance will distribute costs and profit sharing as dividends to PLAS holders.
- Plastic Finance distributes 10% of our dividend profits for reforestation projects per tonne per day and recycling can be channeled to purchase seedlings of 500-1280 teak trees, which is equivalent to 10Kg of CO2 absorption per year per tree.
Plastic financing through its MRF takes the circular economy flow one step further by dedicating a program of planting a certain amount of trees (in collaboration with certified growing organizations such as SINERGI FOUNDATION) for each amount of plastic recycled so that token holders will simultaneously address 3 issues in the world. at the same time, namely recycling plastic waste, scavenging communities & financial inclusion and carbon sequestration through tree planting. One tree can contribute to the absorption of 10Kg of Co2 per year, so the initiative will contribute to the potential for Decarbonization of 21,000-40,000 tons of CO2 during 3 years of operation.
Tokenomics
Ticker : PLAS
Token Type : BEP-20 MainNet Token
Address
: 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A Token Sale Address : 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB
Total Token Supply : 23.900.000 PLAS
Token Allocation
ROADMAP
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FOR MORE INFORMATION CONTACT THE FOLLOWING LINK:
Website: https://plastic.finance
Telegram Group: @plasticfinance
Ann telegram: @plasticfinance _news
Twitter: @plastic _finance
Whitepaper: https://plastic.finance/whitepaper.pdf
Youtube: https: //www.youtube.com/channel/UCxZvaGVdcOJ-_SnGaEn4kew
Instagram: @official _plasticfinance
Medium: https://medium.com/@Plastic_Finance
LinkedIn: https://linkedin.com/company/plastic-finance
Username: Lukakuh Link: https://bitcointalk.org/index.php?action=profile;u=3122430
