You still do not know what kind of project you need? Then to you it is exact here. Plentix is an evolution, it is a window in the development of business. Well, let's figure out what its advantages are.

What is Plentix?

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 Plentix ICO

To fund the development of Plentix, Plentix 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. Plentix see this as a transparent and wellrespected way to raise funds in order to build Plentix. Plentix 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. Plentix want to cultivate community participation of Plentix’s success. As such, Plentix 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.

Plentix 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. Plentix will then open up our main event, the ICO, to the public where all the remaining PTNs will be sold.

Plentix aim to raise approximately $10M in fiat currency. In today’s market rates that translates to roughly 10,000 Ethereums (ETH). Plentix also designate a conversation rate of 1 ETH for 10000 PTNs. So Plentix will circulate and intend to sell 100 Million 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, Plentix 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).

Plentix allocate 35% of our funds for this activity, as the importance of marketing a referral platform is not to be underestimated. The remaining 35% of the funds will be allocated to cover operations, legal, compliance, internal audit controls and team compensation incentives. Plentix anticipate having our first services deployed in the market within 8 months.

In terms of timing, our pre-sale activity is going to last for 2 days. Plentix anticipate reaching out to selected accredited investors to participate in Plentix and purchase PTN with 30% bonus for the pre-ICO. Plentix will also have a referral program in the pre-ICO with bounties for up to 5% of the allocated PTNs.

Then, Plentix plan to have a 1 week ICO sale event where Plentix will introduce some more incentives for early investors: a 30% discount will be offered to those who purchase PTNs in Pre-Sale.

Plentix also do not allow discount aggregates, or discounts to carry on from week to week. Plentix reserve the right to end the sale if all PTNs are sold before the designated end of the ICO. Plentix plan to burn the unsold PTNs. However, to ensure Plentix have minimum resources to run the project and deliver Plentix will reconsider our position in the unlikely event that Plentix fail to sell at least 70% of the PTNs available.

In such an event, our options would be to return funds to 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 Plentix aim to have the maximum possible community participation.

Plentix will also apply a limit on the number of PTNs one can purchase at any point in time. Plentix will apply a cap of 100-Million PTNs for each address to ensure fairness and opportunity for grassroots investment.

 TokenizationToken Distribution

• 70% Token Sale
• 15% Founders & Team Members5% Advisors, Referral & Bounty
• 5% Strategic Partners
• 3% Community & Referral
• 2% Liquidity Reserve

 

 Plentix is a platform that gives developers both a tremendous amount of flexibility and the potential to earn via their developments. A developer can use the Plentix APIs to write their own software modules, either on-platform or via their own 3rd party application. On-platform modules can be integrated within the Plentix application. 

More information:

WEBSITE: http://plentix.io/

WHITEPAPER: http://plentix.io/assets/download/PLENTIX_WHITEPAPER_V5.pdf

FACEBOOK: https://www.facebook.com/plentix

TWITTER: https://twitter.com/plentix_ico/

TELEGRAM: https://t.me/joinchat/BDJxjxEf3BUMKQLa3pIAHA

My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1705618