Introduction
Plentix is a blockchain-based project aiming to tokenize the
referral economy and spread rewards to all participants. Merchants, users,
friends, even app developers may receive awards in the form of discounts or
Plentix tokens. The option of going for an ICO instead of traditional seed and
series A funding through venture capital allows for community participation and
an opportunity for everyone to reap the benefits of a global referral economy.
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
WHAT IS PLENTIX?
PLENTIX is one of the breakthrough blockchain technologies
used in the present. PLENTIX takes part in the global internet and blockchain
system, and has invested millions of dollars. Wow! the number is quite
fantastic considering PLENTIX is a new program for the implementation of
blockchain.
PLENTIX makes it easy for users to use their own token to
connect and integrate globally, and this is one of the features that PLENTIX
offers, the decentralized online referral system you have!
how Plentix works ?
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 directing 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 a particular business they refer. The amount of discount and amount of
time that referees can use 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 schema assigned by the specific business for the
referral, they have the flexibility to change it whenever necessary.
The referrer will receive a gift of token code or digital
discount, depending on the business referral scheme, the referrer will only
receive a commission if the referee uses a discount code and purchases from the
business.
Plentix is a platform that gives developers the
flexibility and tremendous potential to earn revenue through their development.
A developer can use the Plentix API to write their own software modules, either
on the platform or through their own 3rd party applications.
On-platform developers will earn revenue for each customer’s
interactions through their development. That is, programmers can use the
Plentix feature to write administrative panels tailored specifically to
businesses they interact with and get paid for each transaction with that
business within the Plentix application.
The business administration panel offers different
industry-based choices where businesses can choose the referral scheme they
want to offer users. Referrers can always choose between a Plentix token or a
discount at a store or online. We anticipate that the choice will vary for each
business, based on their nature.
You can control when and how your referrals are shared. As a
decentralized platform, it’s all done in blockchain — automating your referral
program entirely by using smart contracts — without the need for authority, or
control business in between.
New Options for Businesses
Plentix is designed to fill in the aforementioned gaps
observed in the referral economy.
Core to our value proposition is the notion of an investable
and redeemable asset - a
digital token. A digital token that can be shared,
distributed, valued and revalued in
accordance to market dynamics. The token does not remain at
a fixed, pre-defined
price - smart contracts on the Plentix blockchain will
calculate a referrer’s transacting
value and reward accordingly based on pre-established
parameters.
Plentix offers an incentive mechanism to not only reward
referees but also referrers. It
also allows businesses to have more control over the flow of
transactions and make
informed decisions on the value of commissions and discounts
to offer - unlike other
competitors in the market today.
A business can control when and how the referrer will get
the commission. For
example if a referee signs up, the referrer gets a 20%
discount; and when the referee
uses his/her discount and conducts a transaction, the
referrer gets 10% of the
transaction in Plentix token as commission.
Or the business could opt for a different setup -
configuring the amount of commission
based on the number of times a referred customer transacts
with the business. For
instance, a referrer may receive a commission in decreasing
value points: 2% of the
transacted amount in Plentix token for the first
transaction, 0.5% for the remaining
three transactions, or a combination of Plentix tokens and
discounts on the remaining
three transactions with the business.
The choice would be up to the business - and would be
clearly established in a predefined
method via that particular smart contract.
In addition business will have a wide range of integration
options - allowing them to
seamlessly plug into their CRM systems or POS systems. These
integration points will
allow a business to further enhance, track, and expand their
referral programs.
And as the referrer can always choose between Plentix tokens
or discount at the store
we anticipate that options will vary from business to
business. Anticipating this
variance, Plentix will have a built-in, one-stop
configuration tool that facilitates the
reward process and allows an enrolled business to choose the
reward offer and
options they want to give to both the referrer and referee.
As opposed to creating a marketing platform, the intention
of Plentix is to leverage
trust and relationships. The idea is to have
friends-referring-friends (FrF) sharing their
experience about a product or service. This essentially
helps to establish a vast
network of incentivized micro-marketers working for your
brand.
Features Plentix :
Decentralized and Automated — A decentralized and
distributed Blockchain system — providing businesses and developers with a
structure to keep the platform free while, at the same time, allowing a large
number of developers to build it.
Intelligent contract automation — allows programmers to
easily plug and play with supported software, enabling cost reductions with
easy scaling and automation capabilities. By using distributed and distributed
infrastructure, Plentix provides programmers and businesses with a collection
of APIs and open-source features.
Innovative Architectures — Businesses will have a variety of
integration options — allowing them to continue to connect to their CRM system
or POS system. While the Plentix platform empowers developers to write their
modules, the Plentix application will allow programmers write modules to be
combined with Plentix applications and transfer the cost of programming GAS to
them when businesses using their software modules have transactions.
Apart from some players who work together behind the Plentix
app platform, users only see one front-end interface and only need to sign up
for a Plentix app.
Flexible Reward Options — There are many possible ways to
refer your network to get an award. Referrers may earn a 10% reward in tokens
for any referrals that make a purchase or even earn a commission for the first
three purchases.
It’s up to the business to choose from. The prize can be in
the Plentix token. Rewards can be monetized up to four purchases by referee
clients. Prize choices vary from business to business, and include tokens,
discounts, or a mixture of both.
Access to Tokenized Referrals — Whenever businesses and
customers connect, every recommendation for a friend, a Plentix token store and
a transfer value.
Since Plentix is a network platform with a fundamental
token that is an asset in the crypto economy, everyone wins: platform success
is closely tied to the success of its users, token growth and ecosystem value
supported by Platform plentix.
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-ICO 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’s core value proposition is centered on the
development of a stable, scalable,
reliable and distributed platform for the referral economy.
Therefore, we anticipate to
allocate at least 30% of the funds raised to support and pay
for our development efforts.
The second biggest spend in our fund allocation is business
growth, marketing and
communications (marcomm). We allocate 40% of our funds for
this activity, as the
importance of marketing a referral platform is not to be
underestimated. The remaining
30% of the funds will be allocated to cover operations,
legal, compliance, internal audit
controls and team compensation incentives. We anticipate
having our first services
deployed in the market within 8 months.
In terms of timing, our pre-sale activity is going to end
when the cap is reached or
around 4 weeks adter the start date. We anticipate reaching
out to selected accredited
investors to participate in Plentix and purchase PTN with
30% bonus for the pre-ICO.
We will also have a referral program in the pre-ICO with
referral bounties for up to 5% of
the allocated PTNs.
Then, we plan to have pre_ICO sale event on 25th April and
ICO sale event on
20th May. We expect to reach the softcap during Pre-ICO and
rest in ICO public
sale event.
Softcap: 3,000,000 USD
HardCap: 10,000,000 USD
We also do not allow discount aggregates, or discounts to
carry on from week to week.
We reserve the right to end the sale if all PTNs are sold
before the designated end of
the ICO. We plan to burn the unsold PTNs. However, to ensure
we have
minimum resources to run the project and deliver we will
reconsider our
position in the unlikely event that we fail to sell at least
80% of the PTNs
available. In such an event, our options would be to return
funds to
19
investors, re-run the ICO with different terms providing
liquidation option to existing PTN
holders or even putting the project on hold. It all depends
on the community traction and
vote of confidence. Plentix is very much a community and
social project, and as such
we aim to have the maximum possible community participation.
We will also apply a limit on the number of PTNs one can
purchase at any point in time.
We will apply a cap of 50-Million PTNs for each address to
ensure fairness and
opportunity for grassroots investment.
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
15% — Operations
5% — Legal
the team
advisors
For Detail Information on Plentix:
Website: http://plentix.io
Facebook: https://www.facebook.com/plentix
Twitter: https://twitter.com/plentix_ico
Medium: https://medium.com/plentix
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Author: ayumichia
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