The PLASTIK token is used as a transparent, traceable proof of payment between plastic credit purchasers and recovery entities, functioning as a digital receipt logged on the blockchain, with funds transferred only once all required credits to fulfill the roadmap are sold
The PLASTIK token is used as a transparent, traceable proof of payment between plastic credit purchasers and recovery entities, functioning as a digital receipt logged on the blockchain, with funds transferred only once all required credits to fulfill the roadmap are sold
Yes. When Plastic Credits are bought, Plastiks tokens are sent to the seller of plastic credits. since the Plastik token’s utility consists of tracking the progress of the sale of plastic credits corresponding to the roadmap that a recovery entity is attempting to fund.
Once the number of plastic credits sold corresponds to the roadmap amount is achieved, the tokens are returned to Plastiks to release the funds for the implementation of the roadmap.
All buyers and sellers of plastic credits use the Plastiks Token to conduct the transfer of plastic credits. There is no other way to conduct the transfer of plastics credits as the methodology forces the use of plastiks token.
The PLASTIK token is used as a transparent, traceable proof of payment between plastic credit purchasers and plastic Credit Sellers that use the Plastiks protocol.
The lack of transparency in the process of use of funds generated from the sale of plastic credits and the lack of guarantee that the funds generated from the sale of plastic credits will be used exclusively for additional positive environmental.
The success of the Plastik token´s use depends on the growth of the global plastic credit market and on the adoption of the Plastiks platform and methodology.
