Referral economy and Blockchain hand-in-hand
As investors get more interested in ICOs funding and many of them are obtaining extravagant amounts of funding, resulting in a lot of buzz around the issue and widespread interest of many developers, it becomes indispensable for a new platform to stand out among so many, bringing up something that is innovative, convenient and that generates value.
In this sense, Plentix doesn’t work exactly because it invented a new type of business model and advertising, what it is really doing is apportioning a model that already exists and that, until now, has worked exceptionally well, to the world of smart contracts.
Plentix brightly takes advantage of the referral economy, which is an already consolidated advertising and promotion model and implements it in the context of Dapps. The referral economy was chosen not chosen without a reason, an extensive research done by the team, demonstrated in their whitepaper, shows that not only it is efficient but that it has the potential to grow even more with increasing social media engagement. A platform that enables this type of promotion model, allied with the blockchain technology, not only guarantees its own success, but helps businesses and services reach their potential customers using a novel solution. It’s good for them, for merchants and for consumers, who get smart benefits based on referrals.
Combining the possibilities of blockchain-based solutions with the already consolidated referral economy, Plentix elevates this popular promotion model to a new level. The blockchain has proven to enable faster, secure and decentralized applications for several types of services. It’s what allows businesses to customize their referral programs through the Plentix API, easily integrating their business into and out of the crypto-coin universe. Interest by various kind of companies in this solution is therefore fundamental, as the possibility of integrating several referral services makes it beneficial for every stakeholder involved in a business. Plentix API uses standard drag and drop functionalities, allowing easy usability, while developers can also customize native settings according to their needs.
Plentix, therefore, has the vision of being a leader in the referral economy sector, bringing a simple and secure solution not only for consumers, but for any entrepreneur who wants to integrate this capability into their business. This innovation allows the user to access various businesses through the Plentix mobile app or website, without getting lost with several different programs of different kinds of companies, each using its own system and without any integration, as it has been the rule until now. All of this, of course, using a decentralized, secure and effective method, the blockchain: nothing less than that would be acceptable in the web 3.0. For this reason, the referral programs can be conducted in illimitable ways, as the platform allows modules written by the developers to be implemented. Whether it is through SMS, social networks, email or anything else that comes to mind, it will be able to be integrated to the platform, while it provides detailed statistics for each business that will only be accessible using their own private keys.
Tokens are then valued and rewarded according to market dynamics, something that is made possible by the blockchain capabilities, but that wouldn’t be possible with the cumbersome solutions of the old web. This form of marketing allows anyone to be both an investor, a consumer and a promoter of a company.
As usual in projects in the field, Plentix is running an ICO to raise funds to put the project into practice. People and companies that identify on the platform a good opportunity will buy the first coin tokens offered by the platform. In addition, a pre-ICO event for selected investors, with discounted rates for the tokens, is also being performed.
Plentis expects to raise a good deal of initial funding, which will be funded, initially, with Ether, but it’s expected that, in the near future, the native currency (REFER) will be traded with Bitcoin, Ether and Litecoin in major exchanges in the future.
The initial value collected will be used to fund the platform development, marketing, growth and legal operations. It is expected that 30% of the funds raised will be allocated to the development of a scalable, reliable and decentralized platform. Subsequently, continuous use of the application will lead to the advancement of the REFER to a robust market value, and Plentix to the main and most efficient alternative for referral economy in the market.
The expected success of the platform — based on a great deal of market and technological research — and the resulting awareness it receives, will result in a strong market presence and leadership, and therefore, it will be continuously improved.
The establishment of Plentix as a first line solution for the referral economy will thus benefit the initial investors, who will receive a reliable currency which will provide an expressive revenue, the developers and all the staff related to the maintenance of the platform, which will be rewarded and thus be able to work to expand the horizons for Plentix. This will also become possible as the companies’ engagement with the platform and their consumers adopt their referral programs.
Therefore, despite the ICO funding providing the foundation for the implementation of the platform, its adoption by the public is what will maintain project sustainability, its currency market value and its continuous improvement. The application and expansion potential foreseen for the platform can be visualized in figures in its whitepaper. The project is ambitious and has long-standing intrinsic value, based on the platform’s innovation potential and the observed interest of companies and consumers in referral programs.
Therefore, we see Plentix as nothing less than the most efficient and up to date form of referral economy. Its establishment in the market will make the platform stick around as the REFER token earns status of not only a niche coin, but a firm and valuable investment.
