What is plentix?
this time I will discuss about PLENTIX, Plentix is a blockchain-based project that aims to balance the referral economy and spread awards to all participants. Merchants, users, friends, even app developers may receive an award in the form of a discount or a Plentix token. The choice to propose ICO instead of traditional seeds and A series funds through venture capital allows community participation and the opportunity for everyone to reap the benefits of a global referral economy.
A decentralized and distributed Blockchain system provides a business and development structure to keep the platform free, at the same time, allowing a large number of developers to build it. Intelligent contract automation to enable plug-and-play programmers easily, with highly supported software enables reduced costs with easy scaling and automation capabilities. Using a distributed infrastructure, Plentix provides programmers and businesses with a collection of APIs and open-source features.
Plentix has chosen blockchain as a technology to create solutions. This technology has a number of inherent benefits that give Plentix a benefit – and let the above questions be solved. The main focus point of Blockchain technology that encourages us to adopt it are:
A decentralized and distributed ledger – providing a safe and secure system for referees, gives them the confidence that no company can change records or change the existing system within the company.
A decentralized and distributed blockchain system – providing businesses and developers with a structure to keep the platform free while, at the same time, allowing a large number of developers to build it so that the company can survive for many years.
Note immutable, companies can feel secure knowing that no hackers or who will try to remove, steal or compromise their system. In addition, the referees know that their rewards are safe and can not be changed by any company or hacker, so the company will provide a really good system so no hackers can break into the company’s system.
Consensus mechanisms exclude authoritarian firms or centralized controllers, allowing network participants to validate transactions giving way to prove referrals, and clarity for businesses and referees.
The security of advanced cryptographic techniques embedded in technology gives trusters a trust to share with contacts anywhere in the world, and through any channels
Automatic contract contracts run independently, giving referees and referrals confidence to know why, how and when terms of their dealings with the company will be executed.
Automated smart contracts allow businesses to easily install and play supported software, thereby reducing costs with easy scaling and automation capabilities.
Overview of Plentix
The company provides a very good system for hackers can not break into systems provided by the company hence there are various ways to provide businesses and developers with a structure to keep the platform free while, at the same time, it may be great for developers to access innovative referrals like sorts overview of plentix below:
Decentralization And Auto
Innovative Architecture
Flexible Reward Options
Access to Tokenized Referrals
ICO Plentix
To fund the development of Plentix, Plentix will have ICO (Initial Coin Offering) for the token of the Plentix project, hereinafter referred to as PTN. ICO is an event in which a new crypto-sell project sells part of its kriptocurrency token to early adopters and enthusiasts in return for funds. Plentix sees this as a transparent and commendable way to raise funds to build Plentix. Plentix requires development resources and capital for it.
Getting the appropriate resources together – from developers, designers, sales force to legal teams requires funds. We are confident in this endeavor, and want everyone to reap the benefits of a global referral economy. Plentix wants to foster community participation on the success of Plentix. Thus, Plentix chose ICO instead of traditional seed and A series funds through the roots of venture capital. This allows banking fans to be open to be part of a wider community of the same individuals.
Plentix plans to raise funds gradually, starting with pre-ICO events where potential potential investors will have the opportunity to invest earlier at the discount rate. Plentix will then open our main event, ICO, to the public where all the rest of the PTN will be sold.
Plentix aims to collect about $ 10 million in fiat currency. At current market prices that mean about 10,000 Ethereal (ETH). Plentix also points to a 1 ETH conversation rate for 10,000 PTNs. So Plentix will circulate and intend to sell 100 Million PTN. Plentix supporters and investors will have the option to purchase PTN with Ether on the Plentix website in pre-ICO and token sales and with Bitcoin, Ether and Litecoin in the major stock exchanges in the future.
Plentix’s core value proposition centers on developing a stable, scalable, reliable and distributed platform for referral economics. Therefore, Plentix anticipates to allocate at least 30% of funds submitted to support and pay for our development efforts. The second largest expenditure in our allocation of funds is business growth, marketing and communications (marcomm).
Plentix allocates 35% of our funds for this activity, because the importance of marketing the referral platform is not underestimated. The remaining 35% of the funds will be allocated to cover operations, laws, compliance, internal audit controls and team compensation incentives. Plentix anticipates that our first service is implemented in the market within 8 months.

How does Plentix work?
You can refer friends using the easy-to-use Plentix interface. Plentix offers the ability to refer users who are not members of the platform by directing invitations through social media, email or SMS – giving all users an easy and straightforward way to interact.
Referees will receive a discount code that they can purchase from a particular business they refer. The amount of discount and amount of time that the referees can use depends on the scheme of each business set in their business admin panel.
The intended person can then use a discount code to purchase the product or service. Discount codes may only be active for a certain period of time depending on the schema assigned by the specific business for the referral, they have the flexibility to change it whenever necessary.
The referrer will receive a gift of token code or digital discount, depending on the business referral scheme, the referrer will only receive a commission if the referee uses a discount code and purchases from the business.
The benefits that Plentix offers to its users
Plentix is ​​a platform that gives developers the flexibility and tremendous potential to earn revenue through their development. A developer can use the Plentix API to write their own software modules, either on the platform or through their own 3rd party applications. The on-platform module can be integrated in the Plentix application.
On-platform developers will earn revenue for each customer’s interactions through their development; Programmers can use the Plentix feature to write custom administration panels tailored to businesses that they interact and get paid for each transaction with that business in the Plentix app.
The business administration panel offers different industry-based options where businesses can choose the referral schemes they want to offer users. Referrers can always choose between a Plentix token or a discount at a store or online. Plentix anticipates that the choice will vary for each business, by its nature.
You can control when and how your referrals are shared. As a decentralized platform, everything is done in unblocking – fully automated your landing program using smart contracts – without requiring authority, or controlling business in between.

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AUTHOR: Lanre0501