ICO Review: Plentix.io – decentralized blockchain-based platform for the online referral market

Introduction

Not many modern platforms are designed as a referral system with blockchain and decentralized system. But you can be sure that Plentix is different. The idea is to provide insight, knowledge, and advice for end users so they won’t be spending money for nothing. After all, you always find advices or reviews before buying something or joining a service, right? This won’t be different from Plentix, but with higher technology.

The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.

Plentix is an ICO project the plans to use the blockchain technology to tokenize the referral market. The platform plans to have multiple referral programs from different companies in one place. You can manage all your referral programs on their App or even the website.

The whole system has a clean and user-friendly interface. The whole system is backed by the PTN token. The PTN token is an ERC20 token that runs on the Ethereum blockchain and powers the whole platform. The implementation of smart contracts ensures that all parties concerned to the development of a particular referral program are rewarded for their contribution. Additionally, the implementation of blockchain ensures that the system cannot be misused and will not have any downtime.

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.

Use-cases

The referral system is already a major marketing technique used by a multitude of companies. Plentix will help a business implement a cost-effective referral program without compromising on the result. The project is beneficial to everyone who helps build a particular program on the platform.

The developers: The developers can design modules which businesses can use for their referral program. Once a company chooses a particular module to implement, the developer is rewarded with a certain amount of Plentix token that is decided by the smart contract.
The referrer: The referrer can choose to get the PTN token or discounts at a particular business whenever he successfully refers someone.
The referee: The referees also get an option to choose between getting the PTN token or in-store discounts once they do a minimum purchase at the particular business. The amount of tokens rewarded varies between each program and is decided by the businesses.
The company: The companies can use the platform to form a hub for users using their service. It then becomes easy for them to reward the users for their work. The company can also choose the referral model built by the developers instead of spending extra time and effort building a new one on their own.

Plentix FEATURES

Decentralized And Automated, A decentralized, distributed Blockchain system — provides businesses and developers with a structure to allow the platform to remain free while, at the same time, allowing a vast number of developers to build on it. Smart contracts automation — allows programmers to easily plug and play with supported software, enabling reduced cost with effortless scaling capabilities and automation. Using decentralized, distributed infrastructure, Plentix provides programmers and businesses with open-source set of APIs and features.
Flexible Reward Options, There are many possible ways for referring your network to gain rewards. The referrer may get a 10% reward in tokens for every referral that makes a purchase or even get commission for first three purchases; it is up to the business to choose. The reward may be in Plentix tokens. Rewards may be monetized for up to four purchases by the referee client. Reward options may vary from business to business, and include tokens, discounts or a mix of both.
Innovative Architecture, Businesses will have a wide range of integration options — allowing them to seamlessly plug into their CRM systems or POS systems.
Access To Tokenized Referral, Every time businesses and customers connect, every recommendation for a friend, the Plentix token stores and transfers value.

Summary

Plentix.io is a Blockchain-based platform that aims to disrupt the online referral market as we know it. The end goal is to connect and reward all of its participants, and thus streamline the way businesses leverage referrals to sell products and build a connection with the end users. The platform has a working MVP, over 6,000 fans on Telegram and a rather realistic token distribution to make sure all parties involved in the project enjoy the marketed benefits.

For more information, please click the link below :

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

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