PLENTIX - A tokenized recommendation platform for the referral economy
.jpg)
SUMMARY
The referral economy is well entrenched in our lives. The explosive growth of social media, coupled with the dominance of mobile phones, has given rise to a new generation of consumers who embrace connectivity. Online interaction, such as referrals, has never been so easy and immediate .
Historically, the marketing and communications industry flourished given the billions of dollars spent on business advertisements and promotion. In recent years, the marketing and communications industry unknowingly woke up to a massive opportunity for a simple and organic way to promote businesses. This self-help system allows people to leverage, their social network.
The relationships that exist beyond core online social media is invaluable from a marketing standpoint. In an era when we tend to place more value and trust on the opinion of someone we know, 84% of consumers say they either completely or somewhat trust recommendations from family, colleagues or friends about products and services - referrals become a powerful tool.
Furthermore, personal referrals through word-of-mouth are much more targeted in nature as the referrer acts as a filter to identify potential customers (as opposed to marketing broadly via high cost, established social media channels, like Facebook, which may not necessarily reach an actual buyer).
There are many referral methods commonly used by customers. But the most frequently used ones are listed in the following graph:
Based on the graph can be known where, social media users have a very large part compared to users of other referral methods.
INTRODUCING PLENTIX
The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.
PLENTIX is a decentralized platform based on blockchain, which connects and rewards participating users quickly and efficiently.
WHAT PLENTIX OFFERS
As a platform, Plentix provides open-source APIs that businesses can use to build referral programs, giving them the flexibility to have their preferred features and tailor them to the nature of their business.
The reward options, amounts, time validity and the number of reward purchases the referrer receives from referee’s purchases can all be customized by businesses. The flexible, easy-to-use and low-cost (almost free) referral program available for businesses using Plentix gives them a perfect opportunity to dedicate a portion of their marketing budget to develop a very effective referral/reward program.
Plentix also offers some basic, easy-to-use tools for businesses that don’t want or need to pay for programming, which will provide them with an admin panel and basic integration options. Plentix DApp will also create an ecosystem in which all participating businesses will share a common digital currency (the Plentix token, REFER).
Plentix business will have two options to build an effective referral/reward campaign:
Plentix Platform: Create a stand-alone referral / reward program using open-source APIs.
Programmers can easily create a tailored referral campaign for the business using the API sets.Plentix DApp / Ecosystem: Use Plentix DApp, participate in Plentix’s referral ecosystem and share a common digital currency with other businesses participating. Businesses will have various options to promote their brand in the ecosystem. Plentix DApp will also come with an API set. Businesses can choose to use the basic options or have a programmer tailor a referral scheme using those APIs. Developers can write modules for businesses to use on the DApp and be paid a programming fee per each transaction for the specific business.
PLENTIX CONCEPT
The interface that is owned by PLENTIX is very easy to use, you can invite your friends to use it. By offering capabilities for non-member users. Referre will receive a discount code which they can use on a business-defined scheme in their business admin panel. The person referre can use a discount code to purchase the product or service, the discount code is only active for a certain period of time according to the predefined scheme. Referre will receive the prize according to the business referral scheme
There are a number of projects in the market that are similar to PLENTIX's rights because the estimates for the referral marketing industry are worth more than $ 11 billion dollars.
For Comparing Plentix, BAT, and Bounty0x you can visit to Link : Whitepaper
This is a video information about Plentix Platform as belows :
The Benefit For Plentix
Blockchain Technology give PLENTIX the advantage
A decentralized, distributed ledger - provides referees with a safe and secure system, giving them confidence knowing that no company can alter records or change the system
A decentralized, distributed blockchain system - provides business and developers with a structure to allow the platform to remain free while, at the same time, allowing a vast number of developers to build on it
Immutable records - companies can feel secure knowing that no bad actors remove, steal or compromise their system. In addition to this, referees know that their rewards are safe and secure - unalterable by any company or hacker
A consensus mechanism removes any centralized authoritarian or controlling entity, enabling network participants to validate transactions. No middle-man
Security - advanced cryptographic techniques inherent to the technology - giving referrers the confidence to share with contacts anywhere in the world, and via any channel
Smart contracts - self-executed, automated contracts - gives referees and referrers confidence in knowing why, how and when the terms of their agreement with a company will be executed
Smart contracts automation - allows business to easily plug and play with supported software, enabling reduced cost with effortless scaling capabilities and automation
New Options for Developers & Contributors
Plentix also rewards and acknowledges the hidden stakeholders of a referral economy lifecycle.
For example, the likelihood of an individual to be rewarded for referring their friends to a specific restaurant through the popular Groupon site is basically zero percent. Likewise, the likelihood of the developer who wrote the application for Groupon to be rewarded for their work is also zero percent.
That is because that software developer likely works on a fixed compensation package with Groupon. And you as the referrer are not accounted for in the compensation model for Groupon - even though they do profit from your friends interaction.
These ‘hidden stakeholders’ of the referral economy continuously lose out on compensation - even though they produce a significant value in the referral economy. Plentix aims to resolve this challenge.
Built on a strong foundation in blockchain technology, Plentix can easily trace the flow of money (tokens) and use of applications that run on the Plentix platform. Hence, in the scenario of the software developer working for Groupon, it is possible to run a DApp and extend incentives to all stakeholders (including developers who may have contributed to applications or developed API’s for connectivity) across the referral value chain.
Distributed Model of PLENTIX Business Applications
FEATURES
Many Referral Programs
Two options to build a strong, effective referral/reward campaign. Either create stand-alone referral/reward program using open-source APIs, or participate in Plentix’s referral ecosystem and share a common digital currency.
Innovative architecture
Plentix seamlessly plugs into companies retailing sale or POS systems, but users see one interface and only sign up once to Plentix application.
Flexible reward options
Referrers may get a reward in tokens for every active referral, or even get commission for first three purchases; it is up to the business to choose.
Decentralized and automated
Smart contracts automation - allows programmers to easily plug and play with supported software, enabling reduced cost with effortless scaling capabilities and automation.
Access To Tokenized Referral
Every time businesses and customers connect, every recommendation for a friend, the Plentix token stores and transfers value. Plentix rewards referrers, referees, businesses and developers (#4WIN)
Advanced Features
Using Plasma’s solution which makes transactions on side chain, Plentix has higher speed and much lower cost of transactions compared to its competitors, circumnavigating Ethereum’s scalability problems.
PLENTIX FUTURE INTEGRATION
New Options for Referrers
Referrers also gain tremendous flexibility and a wide range of options within the Plentix platform - where typically they had none. Now for example a referrer can securely refer friends and earn rewards in the form of discounts of REFER tokens. Rather than simply posting on key social media accounts, they can easily leverage individual referral codes through the platform to directly connect with their friends via social media, email or inside the application - allowing true Friend-referring-Friend interactions to take place. Knowing that 58% of consumers share their positive experiences from a company on social, or ask family, friends, or colleagues for their opinions - represents a huge opportunity.
PLENTIX TGE (Token Generation Event )
To fund the development of Plentix, Plentix will have an TGE (Token Generation Event) for Plentix project tokens, hereafter referred to as REFER. A TGE is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for funding.
Plentix are raising $24M in ETH/BTC/BCH. Price of each REFER is around $0.10. So there will circulate and intend to sell 400,000,000 REFERs. Plentix supporters and investors will have the option to buy REFERs with ETH, BTC, LTC or Fiat (e.g. USD) at Plentix’s website in pre-TGE and public sale.
TEAM WORK :
If you need more information about Plentix, please to visit the link as belows :
WEBSITE | WHITEPAPER | TELEGRAM |FACEBOOK | TWITTER | ANN THREAD
Written by : baperstrong
Profil BTT : https://bitcointalk.org/index.php?action=profile;u=1839239
My Ether Wallet : 0x205a29aF926D24512f121Ae3b36B2377c9007233
Coins mentioned in post: