Plastic Finance, A DeFi based plastic bank that Offers ESG theme investing on Blockchain

Xtomoe
4 min readJul 16, 2021

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Plastic waste is the main focus that must be addressed globally and of course good plastic waste processing is needed to reduce the rate of distribution of waste in the world.
The study from the journal Science, states that there are 24–34 million metric tons of plastic waste that enter the marine environment every year which means about 11% of the total plastic waste in the world.
Plastic waste itself has various problems that need to be addressed apart from the large volume, namely the very long decomposition time. It takes at least 60 to 70 years for plastic to completely decompose.

It is understandable that the condition of plastic waste has become a serious problem collectively. Therefore, proper management is required so that hazardous expenditures can be processed to a high degree and generate valuable new releases. Recycling is one of the key steps in today’s market to mitigate this impact and is one of the most dynamic career fields in today’s materials industry. Repetition is certainly an action that should not be taken lightly anymore. Plastic Finance is a platform that creates opportunities to recycle plastic waste and save nature. This particular wave in Blockchain technology will give you an amazing investment experience as long as you can see below.

Introducing Plastic Finance

Plastic Finance is Indonesia’s first blockchain-based Plastic-type bank. Alleviate garbage collectors from poverty. Give bank loan access to the poor through Defi. Plastic Finance will develop access to employment, education, services, and technology for many Indonesians. Also, it will help the government to achieve green planning or ecology-based budgeting through soil upkeep. Clean the atmosphere while profiting through it at the particular same time.
Plastic Finance offers a good environment, social plus governance called Electronic. S. G concept investing using cryptocurrency and blockchain technologies. 1 PLAS token at a market cost equal to ten kg each year co2 and approximately six. 4 tons each year of recycled plastic material. By recycling, Plastic Finance helps co2 emission as a fixed quantity of income proceeds to greenify initiatives like growing teak trees within the needed part of decarbonization.

What is Decentralized Finance?

Decentralized Finance, or DeFi, is a financial ecosystem built on top of blockchain networks. It helps the same financial instruments and businesses as centralized Financing. Still, contrary to the traditional model, it doesn’t require a core specialist that would state a cut out there of each purchase or trade occurring on its program. DeFi is where you go if you wish to trade resources, lend or be lent money, all legitimately and without the banks or the government meddling in your business. A new DeFi protocol is a blockchain-based community where users indulge in peer-to-peer (P2P) exchanging, trading, or lending of their assets, among other financial operations. In decentralized Finance, you don’t have to try to help make trips to the lender. In DeFi, you merely need a valid link with the web, a crypto wallet, and superb knowledge of how cryptocurrencies work.

Plastic Finance’s Mission

Plastic Finance promotes the circular economy by improving the recycling system. Plastic Finance focuses on plastic recycling by increasing the productivity of waste pickers. They are not disrupting the value chain of waste; instead, they add value to the value chain to benefit all parties. Moreover, Plastic Finance supports the tree replanting program to decarbonize CO2 pollution, further cementing their commitment to the circular economy.
Plastic Finance empowers waste communities so that they have a higher social standing in society. Plastic Finance aims to enable the waste communities. They focus on activities that will increase their self-esteem, which improves their productivity and well-being.
Plastic Finance democratizes access to ESG investing. Their effort to enrich the recycling system and empower waste communities can be sustained and widened with the help of investment communities. With DApps and DeFi, they democratize access for everyone to take part in a global mission to recycle and empower.

Plastic Finance focuses on plastic recycling simply by increasing the efficiency of waste pickers. And plastic recycling, where possible, may also be an option that can be utilized to overcome environmental air pollution because recycling may reduce the number of plastic waste materials that exist within the world. Plastic Finance does not disrupt the value chain associated with waste; instead, these people add value to the value chain to benefit all parties. Moreover, they support the tree replanting program to decarbonize CO2 pollution, further cementing their commitment to the circular economy. So, hurry up and be part of this splendid project on Decentralized Finance.

Hashtags: #plasticfinance #plastic #bitcoin #ico #investment #pollution #waste #plasticwaste #environment #cryptounderlying #base #cube #plasticbasedunderlying #carbontrading #carboncredittrading #plasticbasedunderlying #carbontrading @Plastic.Finance

Official Links

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

Writers Info
Username: Xtomoe
BTT link:https://bitcointalk.org/index.php?action=profile;u=3355344
BSC: 0x246255b7BC93c6c2D1751A80e2be423430Bea603

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