Plastiks
Crypto Overview
Understanding Intended Utility
Plastiks is a blockchain-based marketplace designed to connect recycling companies with businesses and individuals who want to support plastic recovery. The platform uses NFTs to represent Recycling Proofs, which are verifiable certificates of plastic waste recovery. The PLASTIK token serves as the native currency for transactions within this ecosystem.
Business Model Assessment
The project aims to incentivize plastic waste recovery and recycling through a transparent blockchain-based system. The business model appears to align with Islamic principles as it promotes environmental stewardship and creates real economic value through waste management solutions.
Real-World Adoption
The platform has established partnerships with several recycling companies and claims to have facilitated the recovery of significant amounts of plastic waste. The project maintains active partnerships with recycling facilities in multiple countries, particularly in Southeast Asia and Latin America.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation with 30% for the ecosystem and rewards, 25% for the team and advisors (with vesting periods), 20% for public sale, 15% for liquidity provision, and 10% for marketing and partnerships. The vesting schedule for team tokens extends over 24 months, indicating a long-term commitment.
Development Activity
The project maintains active development on its platform, with regular updates to its marketplace and tracking systems. The team consistently releases progress reports and technical updates through official channels.
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.