PLENTIX

PLENTIX – Revolutionizing The Referral Economy

Peaceful greetings of the universe, this time I will discuss about ICO or project Plentix, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).

What is Plentix?

Plentix is a blockchain-based project that aims to legalize the referral economy and spread the prize to all participants. Merchants, users, friends, even app developers can receive awards in the form of discounts or Plentix tokens. The choice to buy ICOs rather than traditional seeds and A series funding through venture capital allows community participation and the opportunity for everyone to benefit from a global referral economy.

ICO Plentix

To finance the development of Plentix, Plentix will have ICO (Initial Coin Offering) for the token of the Plentix project, hereinafter referred to as PTN. ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency token to early adopters and fans in exchange for funding. Plentix sees this as a transparent and scalable way to raise funds to build Plentix. Plentix requires development resources and capital for it.

Getting the right resources together – from developers, designers, marketers to legal teams will need funding. We are confident in this endeavor, and want everyone to benefit from a global referral economy. Plentix wants to foster community participation from the success of Plentix. Thus, Plentix chose ICO, rather than traditional seeds and Series A funding through the roots of venture capital. This allows open banking enthusiasts to become part of a larger community of like-minded individuals.

Plentix plans to raise funds gradually, starting with a pre-ICO event in which prospective elected investors will have the opportunity to invest early at a discount. Plentix will then open our main event, ICO, to the public where all the remaining PTNs will be sold.

Plentix aims to collect about $ 10 million in fiat currency. At today’s market price that translates to about 10,000 Ethereums (ETH). Plentix also sets the conversation rate of 1 ETH to 10000 PTNs. So Plentix will circulate and intend to sell 100 Million PTN. Plentix proponents and investors will have the option to purchase PTN with Ether on the Plentix website in the pre-ICO phase and token sales and with Bitcoin, Ether and Litecoin in the future major stock exchange.

Plentix’s core value proposition centers on developing stable, scalable, reliable, and distributed platforms for referral economies. Therefore, Plentix anticipates to allocate at least 30% of the funds collected to support and pay for our development efforts. The second largest expenditure in our allocation of funds is business growth, marketing and communications (marcomm).

Plentix allocates 35% of our funds for this activity, since the importance of marketing the referral platform should not be underestimated. The remaining 35% of the funds will be allocated to close operations, legal, compliance, internal audit controls and team compensation incentives. Plentix anticipates having our first service on the market in 8 months.

In terms of time, our pre-sales activity will last for 2 days. Plentix anticipates to reach selected accredited investors to participate in Plentix and purchase PTN with a 30% bonus for pre-ICO. Plentix will also have a pre-ICO referral program with bounty of up to 5% of the allocated PTN.

Then, Plentix plans to hold a 1 week ICO sales event where Plentix will introduce some more incentives for the initial investor: a 30% discount will be offered to those who purchase PTN in Pre-Sales.

Plentix also does not allow aggregate discounts, or discounts to continue from week to week. Plentix reserves the right to terminate the sale if all PTNs are sold prior to the end of the specified ICO. Plentix plans to burn unsold PTNs. However, to make sure Plentix has the minimum resources to run the project and give Plentix will reconsider our position in the unlikely event that Plentix fails to sell at least 70% of the available PTN.

In such instances, our choice is to return funds to investors, re-run ICO under different provisions providing liquidation options to existing PTN holders or even delaying the project. It all depends on the appeal of people and the vote of confidence. Plentix is very much a community and social project, and therefore Plentix aims to have the maximum community participation possible.

Plentix will also apply a limit on the number of PTNs that can be purchased at any time. Plentix will apply a 100-million PTN limit for each address to ensure fairness and opportunities for grassroots investments

Why Leverage Blockchain?

There are many referral style marketing programs, rewards programs and agencies that help businesses (usually big businesses) create and operate referral programs. However, there are a number of challenges – from the creation of referrals, compliance, to ensuring safe and secure transactions – representing major limitations to existing methods. Plentix believes blockchain enables us to easily solve difficult questions for both business and referees – which, when answered, will enable the referral economy to flourish and deliver exceptional value to the PTN.

Plentix has chosen blockchain as a technology to create solutions. This technology has a number of inherent benefits that give Plentix an advantage – and allows the above questions to be solved. Key focal points of Blockchain technology that encourage us to adopt it are:

a). A decentralized and distributed ledger – providing references with a safe and secure system, gives them the confidence of knowing that no company can change records or change the system.

b). A decentralized and distributed blockchain system – providing businesses and developers with a structure to allow platforms to stay free while, at the same time, allowing a large number of developers to build them.

c). Notes that can not be changed – companies can feel secure knowing that no hacker or otherwise will attempt to remove, steal or compromise their systems. In addition, referees know that their prizes are safe and secure – can not be changed by any company or hacker

d). The consensus mechanism removes any authoritarian company or centralized controller, enabling network participants to validate transactions – providing avenues for reference evidence, and clarity for businesses and referees.

e). Security – the advanced cryptographic technique inherent in technology – gives a confidence reference for sharing with contacts anywhere in the world, and through any channel

f). Smart contracts – contracts that are self-made and automated – provide references and references to the observer to find out why, how and when their terms of agreement with the company will be executed

g). Smart contract automation – enables businesses to easily install and play with supported software, enabling cost reductions with scale capabilities and easy automation.

How does Plentix work?

You can refer friends using the easy-to-use Plentix interface. Plentix offers the ability to refer users who are not members of the platform by routing invitations through social media, email, or SMS – giving all users an easy and straightforward way to interact.

Referees will receive a discount code that they can purchase from the specific business they refer. The number of discounts and the number of times referees can use them depends on the scheme of each business set in their business admin panel.

The intended person can then use a discount code to purchase the product or service. Discount codes may only be active for a certain period of time depending on the scheme that business specifics specify for referrals, they have the flexibility to change them whenever needed.

The referrer will receive a digital token or gift discount code, depending on the business referral scheme, however, the referrer will only receive a commission if the referee uses a discount code and purchases from that business.

The benefits that Plentix offers to its users

Plentix is a platform that gives developers extraordinary flexibility and the potential to generate through their development. Developers can use the Plentix API to write their own software modules, either on the platform or through their own 3rd party applications. The on-platform module can be integrated in the Plentix application.

Developers on the platform will earn revenue for each customer’s interactions through their development; Programmers can use the Plentix feature to write custom administrative panels tailored to businesses that interact with them and get paid for each transaction with that business within the Plentix application.

The business administrative panel offers different industry-based options where businesses can choose which reference schemes they want to offer users. Steering can always choose between a Plentix token or a discount at a store or online. Plentix anticipates that the choice will vary for each business, by its nature.

You can control when and how your referrals are shared. As a decentralized platform, all this is done in blockchain – fully automating your referral program using smart contracts – without the need for authority, or any controlling business between them