Plastiks
Crypto Overview
Overview
Plastiks is a blockchain-based platform designed to incentivize plastic recycling and waste management through tokenization. The project aims to connect recycling companies with businesses and individuals looking to offset their plastic footprint.
Purpose and Utility
The PLASTIK token serves as the native currency within the Plastiks ecosystem, used to purchase Recovery Guarantees (RGs) which represent verified plastic recycling activities. These RGs act as proof that a specific amount of plastic waste has been properly recycled.
Business Model
The platform operates by allowing recycling companies to mint RGs when they process plastic waste. These RGs can then be purchased by businesses or individuals using PLASTIK tokens, creating a marketplace for plastic recycling verification. The model appears to be transparent and focused on environmental sustainability.
Real-World Adoption
The project has established partnerships with several recycling companies and claims to have processed significant amounts of plastic waste. However, current adoption and usage metrics are limited in public availability.
Platform Development
Built on the Avalanche blockchain, the platform demonstrates ongoing development activity, with regular updates to their smart contracts and user interface. The team maintains active communication through their official channels.
Token Distribution
While exact figures for token distribution are not publicly available in detail, the project implements vesting schedules for team allocations.
Crypto Impact
To assign a comfort level investing in Plastiks from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Plastiks.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.