whitepaper v. 22 1 background according to the united nations, we dump more than 2 billion tonnes of...
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WHITEPAPER V. 2.0
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1 Background
According to the United Nations, we dump more than 2 billion tonnes of waste every year.1 Global
waste is expected to grow to 3.40 billion tonnes by 2050, more than double population growth over
the same period. Waste generated per person per day averages 0.74 kilogram but ranges widely, from
0.11 to 4.54 kilograms. By 2050, this numbers are expected to increase by 40% in low- and middle-
income countries, and to increase by 19% in high-income countries. The fastest growing regions are
Sub-Saharan Africa, South Asia, and Middle East and North Africa.2
About 12%, or 242 million tonnes, of total waste every year are plastics.3 Most of plastic waste, or
about 91%, is not recycled, and about 79% is accumulating in landfills or is in the environment as
litter.4 It is estimated that about 8 million tonnes of plastic end up in oceans each year.5 Ocean currents
have created several gigantic plastic soups. The largest one is in the Pacific of the size of 1.6 million
square kilometers. That is three times the size of France.6 If the waste growth trends continue, there
will be more plastic waste than fish in the oceans.7
Most plastics cannot be decomposed by bacteria, but instead break down into small fragments -smaller
than 5 millimeters in length- known as microplastics. This process of fragmentation accelerates under
ultraviolet light, which is abundant in the ocean and the open dump waste disposal sites. The fragments
spread farther across our planet, entering our water and food supply. Since 1950, we have produced
more than 10 billion tons of plastic. No wonder that one can eats, drinks, and breathes in more than
74,000 microplastic particles every year.8
Microplastics, or its much smaller version, nanoplastics, can make their way into the tissue of our
bodies. For example, breathing in nanoplastics can introduce them into our cardiovascular system and
bloodstream. This expose us to chemicals found in some plastics that are known to be harmful. These
chemicals have been linked to a variety of health problems, including reproductive harm and obesity,
organ problems and developmental delays in children.9
In a waste management framework, the most preferred approach is prevention and minimization.10
Various governments have taken action to ban single-use plastics, most often plastic bags and straws.
For example, California’s bag ban, which was passed in 2014, has been shown to have reduced plastic
bag usage by 85%.11 However, the benefits of plastic are hard to resist. Plastic has low production
costs, low weight, acid resistance, and flexibility. It has become our daily life. Reducing plastic bags
1 United Nations report: UNEP Yearbook 2009, p45. 2 Kaza, Silpa; Yao, Lisa C.; Bhada-Tata, Perinaz; Van Woerden, Frank. 2018. What a Waste 2.0 : A Global Snapshot of Solid Waste Management to 2050. Urban Development;. Washington, DC: World Bank. 3 Kaza et al., 2018.
4 Geyer, Roland; Jambeck, Jenna R; Law, Kara Lavender. Production, Use and Fate of All Plastics Ever Made. Sci. Adv. 3, e1700782 (2017). 5 Jambeck, J. R., et al. “Plastic Waste Inputs from Land into the Ocean.” Science, vol. 347, no. 6223, 13 Feb. 2015, pp. 768–771.,
doi:10.1126/science.1260352.
6 https://www.forbes.com/sites/scottsnowden/2019/05/30/300-mile-swim-through-the-great-pacific-garbage-patch-will-collect-data-on-plastic-pollution/?sh=60ddf153489f 7 https://www.weforum.org/agenda/2016/10/every-minute-one-garbage-truck-of-plastic-is-dumped-into-our-oceans/ 8 Cox et al. Human Consumption of Microplastics. Environ. Sci. Technol. 2019, 53, 12, 7068–7074
9 https://www.consumerreports.org/health-wellness/how-to-eat-less-plastic-microplastics-in-food-water/ 10 Single-use Plastics, A Roadmap for Sustainability. United Nations Environment Programme 2018, p7. 11 https://www.nrdc.org/stories/single-use-plastics-101
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and straws is an improvement, but it is not enough. There are other sheer number of plastics that we
need to recycle simply because we cannot reduce its consumption: water bottles, ice cream containers,
food packaging film, potato chip bags, plastic cutlery, protective packaging, and many others.
There are 2 major type of plastics; polypropylene and High Density polyethylene and these 2 behave
like 2 phase separate like oil and water, and cause structural weakness which limits their utility for
recycling. Therefore, most of plastics can only be recycle about 3 times. Thus, plastics recycling
capabilities and circular economy policies are becoming more urgent.
2 Opportunity behind E.S.G Investing.
Currently, all investment decision is based on yield criteria such as R.O.E, EBIT/share, dividend yield
ratios, Price to Earnings Growth, etc., and for so long Businesses have been entrapped by Milton
Friedman doctrine which states that “an entity’s greatest responsibility lies in the satisfaction of the
shareholders.” Thus, as usual, Most Businesses' investment ethics equals shareholder’s ethics.
Although these business ethics; character, attitudes, and honesty, remain relevant today, Friedman’s
doctrine prioritizes the shareholders, and mostly the practice goes into small steps of some acts of
C.S.R which to some, does not sustain for the long run.
Nevertheless, nowadays, as climate crises worsen, the depletion of natural resources has grown, and
the exploitation of work force, and less and less inclusion to the poor, out of industrial revolution 4.0,
most investors question the sustainability issues in their investment choices.
Pic 1. The Growth of ESG investing
Plastic Finance with its simple concept fits into Environment, Social, and Governance investing theme,
even though there is still no token E.S.G scoring method like the one in the stock market, this project
answers the plastic waste conundrum, which in turns contributing to fixing plastic pollutions (The E
factor), creates financial inclusion through DeFi and Cooperative (the S factor), and all the process will
be open and transparent using blockchain (the G factor). Thus, the team is committed to be E.S.G
compliant.
3 Solutions
Blockchain technology and stable coins can play great roles in incentivize every households and MRF
to streamlines the funding of plastic recycling industry. Using smart contract, we can tokenize each
type of plastic regrinds and pellets, create an internal exchanger, so people and industry can have easy
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access to monetize the plastic waste, plus blockchain gives more transparency to each plastic industry supply chain. In Addition, we can create a DeFi Dapps (decentralized finance, decentralized application)
so the waste can be collateralized as assets.
Plastic waste that will be used as a benchmark for stable coins is polypropylene and High-Density
Polyethylene, because this type of plastic waste is the most widely used consumer goods by the
community (for example: soap bottles, shampoos, water bottles, etc).
2 main groups of processed plastic waste are Plastic regrind and Plastic Pallets, and for each of the
group can be divided into High Density Polyethylene (HDPE) Regrind and Polypropylene (PP) Regrind,
plus High-Density Polyethylene Pellets and Polypropylene Pellets.
Since most household waste results, plastic raw materials that need to be converted to plastic regrind
before further processing in plants into pallets. So, we focus into 2 types of stable coins first:
1. HDPE regrind (RHDP)
2. PP regrind (RPP)
These 2 groups of regrinds will be represented as stable coin where 1 coin represent 1 Kg of a type of
regrind.
While another token PLAS is created to fund the Recycling projects and serve as governance and
ownership token, get protege dividend or profit sharing from recycling and DeFi transactions, Internal
Exchange spreads.
3.1 Today’s Practice
Pic. 2 Today’s Plastic Recycling business flow
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3.2 Plastic Finance Vision
Pic.3 By using Dapps and Blockchain we can streamline recycling business flow.
Using blockchain and DApps, we can streamline recycling business flow and empower the scavengers
so they get better treatments for their hard work.
The scavengers will form a cooperative to increase their bargaining power. The cooperative then will
have some ownership in MRF. The scavengers (the member of the cooperative) will sell their waste
directly to the MRF
Pic 4. Token Internal Exchange & DeFi
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By combining their work into a cooperative, scavengers can bargain better and standardized price for
their waste. They also get a certainty to be able to sell their waste. Meanwhile, the MRF also benefit
from the continuity of waste supply from the scavengers. The bond between cooperative and MRF is
established through the ownership of cooperative in the MRF.
Plastic Finance will create an app which scavengers can use to sell their waste to MRF, exchange it with
cash or store it as an asset in the form of grind’s stable coin which can be collateralized in our DeFi
platform. Plastic Finance (see picture.4) will collect 5% fee from plastic regrinds internal exchanger
spread price, and 0.175% fee from saving withdrawal or loan payment transaction in the DeFi platform.
All of these fees will be pooled in a wallet and using smart contract, can be distributed regularly
(quarterly or semi-annually).
Moreover, Plastic Finance collect 60% of net profit yearly from cooperative recycle business. In turn,
Plastic Finance will distribute the fees and the profit sharing as dividend to PLAS holder.
As for the DeFi (Decentralized Finance), all scavengers will be boarded into cooperative, once boarded
they can automatically use DeFi, here, they can exchange their collected regrinds into Fiat (but recorded
with BIDR merely for transaction purpose) or store it into DeFi as Saving or Collateral for fiat loan (loan
will be in BIDR). Every 1 tons plastic regrinds process, involves 10 scavengers, if we in 3 years target,
210.000 tons , it equals to 2.100.000 man-hour’s inclusion in DeFi.
However, non-cooperative members can also invest and join in, Dapps can participate in Plastic Savings
in DeFi for the long run without due diligence, they will improve Defi’s Liquidity pool.
Meanwhile for the cooperative & each MRF, all financial transactions will use surveillance by online ERP
system, and using IP Camera technology can monitor the daily business.
Pic. 5 Profit Sharing Scheme
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If we can share 10% of our dividend profit to greenify project per ton per day regrind recycle can be
channeled for seed plant purchase 500-1280 teak trees (tectona grandis), which amount to 10Kg of
CO2 absorption per year per tree.
Circular even further into green initiatives, as We all know plastic mainly came from petroleum based
products which in the process create carbon activities which contribute to CO2 emission into the
atmosphere, Plastic finance through its MRF take the circular economy flow one step further by
dedicating fixed amount of tree planting (working with certified planters organization such as SINERGI
FOUNDATION) programme for each amount of plastic recycled so that the token holder will
simultaneously address 3 problems at the same time namely plastic waste recycle, scavenger
community & financial inclusivity and carbon absorbing through tree planting. One tree can contribute
to Co2 absorption of 10Kg per year, so the initiatives will contribute to potential Decarbonizatiom of
21.000-40.000 tons CO2 over 3 years of operation.
Thus, 1PLAS token at Public Sales price equals to 10-20Kg CO2/year absorbed and 6.4 ton /year
Plastic recycled
500kg/hour machine Rp50.000.000
press Rp30.000.000
dryer Rp15.000.000
per day (10hours) 5 tonnes
per year 1800
waste material Rp80.000.000
pick up car Rp80.000.000
Land lease Rp50.000.000
inflasi Rp22.750.000
Rp327.750.000
$22.603
revenues /hour Rp3.000.000
Net Margin per hour Rp600.000
Price Teak tree Rp10.000
tress Grennify /hour 6
Tree Planting per year 21600
per MRF (CO2 kg) 216000
1 PLAS =1USD, CO2 9,556064
initial investment $1.800.000
initial investment (IDR) Rp26.460.000.000
Number of Location 80,73226545
tonage / day: 403,6613272
1 MRF equals to+C1:D23
Initial Investment per MRF
investment per MRF
Revenues
Greenify
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4 ROADMAP
Q3, 2020- Q1 2021
Idea Creation Team Creation
Q2 2021
Token Airdrop
Legal Entity, limited liabilities in Indonesia
Incorporation in Seychelles
Cooperative in Indonesia
Advisor boarding
DeFi coding & Smart Contract Audit
Private Sales
Early contributor funding
Buying 300Kg/hour Regrind machine for KARAWANG MRF as pilot project
21600-50000 teak trees = CO2 216.000-500.000 kg absorption
Q3 2021
Pre-Sales & Accredited Investors Sales
DeFi Started
Going to Exchanger Q4 2021
Grinds Internal Exchanger Operational pair with BIDR with Indexes
Adding 3 ton/hour capacity at the end of the year
Q1-2022
MRF Capacity 3,5 tons/hour Q2-2022
MRF Capacity
10 tons/hour, CSR fund for 432.000 teak trees replant at this time12
Equal to 4.320 ton CO2 absorption.
Q3-2023 MRF – Capacity 30 ton per hour
Q4-2023
40 ton per hour, CSR fund for 1.728.000 trees replant at this time12
Equal to 1.728-ton CO2 absorption. Q1-2024
50 ton per hour, CSR fund for 2.160.000 trees replant1
Equal to 21.160-ton CO2 absorption.
12 Trees planting is based on 10% net profit fund allocation, but in practice there may be difficulty in acquiring more than 100.000 seed.
Regrinds Capacity can vary depends with land rental.
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5 TOKENOMICS
5.1 Token Distribution
5.2 PUBLIC SALES
If the pre-sales target is below expectation, there is option to offer internal staking & DEFI at the same
time in Juni 2021.
Blockchain: BSC BEP-20
Governance token Ticker: PLAS
TOTAL SUPPLY: 23.900.000 PLAS
PUBLIC SALES TOTAL :2.000.000 PLAS @ USD1
EARLY CONTRIBUTORS: 7.300.000 PLAS locked up to 27 months
ACCREDITED INVESTOR SALES : 2.000.000 PLAS @ USD 0,375 minimum USD20.000,-
Pre-Sales: 2.000.000 PLAS@ USD 0,6
AIRDROP or Community Grant : 1000.000 PLAS
Hardcap Pre Sales + Accredited Sales = $1.950.000,-
Hardcap Public Sales Total = $ 2.000.000,- (can be planned into IFO if pre sales and private sales
succeed)
Total Hardcap : $ 3.950.000,-
PLAS price calculation is pegged to USD value.
1 AIRDROP1%
2 LP provision5%
3 Community Development
6%4 R&D Dapps
8%5 Advisor
6%
6 Team19%
7 Angel Investor31%
8 Private sales8%
9 Pre-sales8%
10 Public Sales8%
TOKENOMICS
1 AIRDROP 2 LP provision 3 Community Development
4 R&D Dapps 5 Advisor 6 Team
7 Angel Investor 8 Private sales 9 Pre-sales
10 Public Sales
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5.3 TOKEN GENERATING EVENT (UNLOCKING SCHEDULE)
5.4 FUND ALLOCATION
16%
20%
54%
5%5%
FUND ALLOCATION
1 Community Development 2 Dapps R&D 3 Recycling Business
4 Legal & Regulatory 5 Partnership with other project
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5.5 STABLECOINS LIST
Total Supply: infinite- elastic
Each will be paired with IDRT or BIDR
HDPE1 NASO
HDPE2 BLPK
HDPE3 motorcycle lube bottle
HDPE4 Toys
HDPE5 BLOW MAMBO
HIGH DENSITY POLYETHYLENE
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6 Disclaimer
Any staker participate in staking BNB and receiving PLAS (PLASTIC TOKEN) products or services expressly acknowledges technical and market uncertaintes which are inherent in any business development project as presented in this White Paper (see below for risk factors) and that this project may therefore never come to fruition or may have to be abandoned, without the PLAS being used. In such a case, the staker expressly acknowledges and accepts that it will not be entitled to sue or bring any direct or indirect legal action before the courts, the arbitration bodies or any alternative dispute settlement body, either in Indonesia or abroad, against the Cooperative, its directors,
shareholders, employees or subcontractors in the event of the non-performance, non-deployment or non-implemention of the project, even in cases where its PLAS have lost some or all of their value. PLAS is issued by smart contract and governed by smart contract, once smart contract is deployed it can not be changed. Although PLAS is born from cooperative business environment, there is no entity control it, we use to call DeFi is a DAO (DESENTRALIZED AUTONOMOUS ORGANIZATION). The team only design the SMART CONTRACT, but day to day technical operation is controlled automatically by algorithm written in SMART CONTRACT. In addition, the PLAS DAO (DESENTRALISED AUTONOMOUS ORGANIZATION) may not be held liable for any of the following:
i. use of services that are not compliant with the applicable terms;
ii. non-performance, failure, malfunction or unavailability of the services due to a third party, the buyer, a third-party product, or the buyer’s breach of its obligations;
iii. indirect damages such as business loss or disturbance, loss of orders, operating loss, infringement of the trade mark, loss of profits or clients (e.g. improper disclosure of confidential
information concerning said clients due to failure or piracy of the Platform, third-party proceedings against the client, etc.);
iv. loss, disclosure or unlawful or fraudulent use of user sign on by the buyers or third parties;
v. suspension of access or temporary or permanent suspension of services (in particular, arising
from a request issued by an appropriate administrative or judicial authority, or notification received from a third party);
vi. loss, alteration or destructoon of all or part of the content (information, data, applications, files or other items) hosted on the infrastructure, insofar as the Company is not responsible for managing the continuity of buyers buyers’ activities, and data backups in particular;
vii. mismatch between the services and the buyer’s needs (in particular, with regard to the
sensitivity of the relevant data); viii. security incidents relating to use of the Internet, concerning in particular the loss, alteration,
ix. destruction, disclosure or unauthorized access to the buyer’s data or details on or via the
Internet; and damages to systems, applications and other items installed by the buyer on the infrastructure.