Environmental health is something that needs to be considered by all parties, including the community. The spread of plastic waste itself is increasingly happening in various locations such as in Indonesia.
The high demand for plastic packaging is now a trend where product providers rely heavily on this type of packaging. Apart from being cheap and durable, plastic is very easy to find and can be shaped in such a way.
Another reason is that plastic has a fairly light weight with high durability, so it is not surprising that many packaging manufacturers are very interested in choosing this material to be used as a packaging staple.
However, with the number of products being marketed, of course, along with the number of plastic wraps scattered in various locations. The bad effects of plastic waste are exacerbated by the lack of public education about the importance of recycling or disposing and sorting waste in its place.

Impact of Plastic Waste on the Environment
Plastic waste does look easy and trivial if you look at just one piece, but the fact is that the amount of plastic waste is increasingly troubling considering that the amount is increasing very quickly from year to year.

The impact of plastic waste can also affect flora and fauna in addition to humans themselves. If not managed properly, plastic waste will damage the environment in the medium to long term. Plastics Finance aims to increase the productivity of waste pickers by offering a platform that benefits all parties involved. To protect the environment, plastic finance is also sponsoring a tree planting project in the area. Let's find out more about plastic finance!

What is Plastic Finance?

Plastic Finance is a financial platform that encourages a circular economy to enhance the recycling system by focusing on plastic recycling. Plastic Finance will emphasize the productivity of trash pickers, as waste pickers are one of the most significant actors in the plastic recycling industry. Waste collectors will visit various locations to collect garbage, sort it in landfills, and then transport it to a plastic waste treatment plant. We can enhance the recycling system and raise the status of garbage pickers by improving their productivity. As is widely known, waste pickers’ status in the public’s eyes is poor, and by boosting their production, we can raise their status.

What Plastic Finance Aims To Do?

Plastic Finance must have a goal to achieve, so what they are aiming at? Plastic Finance aims to be a Dapps, insider exchanger, DeFi, reusable plastic drudgeries document all rolled into one. Although Indonesia is the world’s second-largest plastic polluter, we do have promise as a component of a reusable plastic shop organization. City workers may easily trade their plastic trash for cash by integrating DeFi into a user-friendly adaptable application. The trash authority has the option of converting their loss to cash or saving through DeFi, thanks to Binance Smart Contract development.

Finally, we want to create well-behaved trash experts, construct different Materials Recovery Facilities, and provide symbolic holder advantages as an apprentice benefit.

Timeline

It is always important to know about the progression made by the platform while thinking of investing. Let’s look around the timeline:
Q3 2020 — Q1 2021
● Idea creation.
● Team formation.
Q2 2021
● Token airdrop
● A legal entity, limited liabilities in Indonesia
● Cooperative formation in Indonesia
● Incorporation in Seychelles
● DeFi coding and smart contract audit
● Advisor boarding
● Private sales

● Buying 300kg/hour regrind machine for Karawang MRF as a pilot project
● Early contributor funding
Q3 2021
● Pre-sales
● Going to exchanger
● DeFi started
Q4 2021
● Grinds internal exchanger operational; pair BIDR with indexes
● Adding 3 tons/hour capacity
● 10,800 teak trees replanted = CO2 108,000 kg absorption (half-year effective MRF operation)
Q1 2022
● MRF capacity 3.5 tons/hour
Q2 2022
● MRF capacity 10 tons/hour
● 432,000 trees replanted = 4.3 tons CO2 absorption
Q3 2023
● MRF capacity 30 tons/hour
Q4 2023
● MRF capacity 40 tons/hour
● 1,728,000 trees replanted = 1.7 tons CO2 absorption
Q1 2024
● MRF capacity 50 tons/hour
● 2,160,000 trees replanted = 21 tons CO2 absorption
So, you can see they have a long-term plan ahead of them. This platform does look like a promising platform already!

The vision of Plastic Finance

Plastic Finance can improve recycling business flow and promote scavengers to obtain better treatment for their hard work through Blockchain and DApps. Scavengers will be capable of utilizing Plastic Finance’s app to sell their garbage to MRF, swap it for cash, or keep it as an asset in the form of grind’s stable coin, which will be collateralized in their DeFi platform.
The most important aspect of the Plastic Finance project is that the way they work on it is turned into a project in a concise period. This is an open platform for anyone who wants to work on it and invest in it. Because this currency’s current and future prices are significantly better, everyone should support the Plastic Finance initiative because the project team, road map, marketing strategy, and other factors are excellent.

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Contact With Us:

Website: https://plastic.finance
Linkedin: https://www.linkedin.com/company/plastic-finance
Twitter: https://twitter.com/plastic_finance
Whitepaper: https://plastic.finance/whitepaper.pdf
Telegram: https://t.me/plasticfinance
Facebook: https://www.facebook.com/plastic.finance
Instagram: https://www.instagram.com/official_plasticfinance
Tiktok: https://www.tiktok.com/@plastic.finance?
Youtube: https://www.youtube.com/channel/UCxZvaGVdcOJ-_SnGaEn4kew

Author

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