Plentix - Application Aiming to Connect and Reward

radentraffi (28)in #blockchain • 6 years ago

What is Plentix?

Plentix is a blockchain-based project that aims to balance the referral economy and spread awards to all participants. Merchants, users, friends, even app developers may receive an award in the form of a discount or a Plentix token. The choice to propose ICO instead of traditional seeds and A series funds through venture capital allows community participation and the opportunity for everyone to reap the benefits of a global referral economy.

About 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.

How will Plentix Work?

Plentix is aiming to create a similar network aimed at the referral economy. Plentix’s platform will use blockchain technology to store and keep track of referrals and payments. As blockchains are immutable, they are the perfect medium on which to store data that all parties can trust. In an improvement over the current situation where customers may lack faith that their referrals are rewarded, on Plentix’ platform both businesses and customers can enjoy a ‘trust-less’ experience. On one hand, businesses can use the blockchain to verify the authenticity of referrals and customers have the peace of mind of knowing that every referral they make is stored on the blockchain.

The Plentix ICO

To fund the development of Plentix, we will have an ICO (Initial Coin Offering) for Plentix project tokens, hereafter referred to as PTN. An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for funding. We see this as a transparent and well-respected way to raise funds in order to build Plentix. We need development resources and capital for that. Getting the appropriate resources together — from developers, designers, marketing personnel to a legal team will require funding. We are confident in this endeavor, and want everyone to reap the benefits of a global referral economy. We want to cultivate community participation of Plentix’s success. As such, we opted for an ICO, rather than traditional seed and series A funding through venture capital roots. It enables open banking enthusiasts to become part of a larger community of likeminded individuals. We plan to raise funds in an incremental fashion, starting with a pre- CO event where selected potential investors will have the opportunity to invest early at a discounted rate. We will then open up our main event, the ICO, to the public where all the remaining PTNs will be sold.

We aim to raise $10M in fiat currency. Price of each PTN is around 0.02$. So we will circulate and intend to sell 500,000,000 PTNs. Plentix supporters and investors will have the option to buy PTNs with Ether at Plentix’s website in pre-ICO and token sale phases and with Bitcoin, Ether and Litecoin at major exchanges in future.

Plentix Token Details:

Distribution Tokens Plentix

50% — Token Sale

20% — Advisors And Early Investors

15% — Company Reserve

10% — Community Development

5% — Early Investors & Strategic Partners

Distribution Token Plentix

30% — Product Dev & Maintenance

25% — Busisness Growth & Dev

15% — Marketing & Customer Dev

10% — Reserve