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Plentix

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Plentix is a blockchain based platform and application aiming to connect and reward all participants

The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.

Competitive Landscape

As the referral marketing industry is estimated to be worth more than $11-billion dollars – it would be natural to see a number of projects in the market that have similarities to Plentix.

For example, referralCoins is a cryptocurrency based network that aims to optimize the payment flow for marketing organizations by offering instant transaction processing. This in turn results in faster turnaround for order fulfillment and better overall customer experience.

ReferralCoins claims to have produced the first digital tokens designed specifically for the referral economy. It uses open-source software to support a decentralized network. Referral coins claims that those participating in supporting the network use the software to send and receive digital tokens using an open, public ledger to record those transactions. But, the platform is still at the launch stage as of October 2017 and is not operational, despite months of preparing for their ICO.

Another example would be the agency/referral company reachbird.io. They offer complete end-to-end e2e (end-to-end) “plug ‘n play solutions to monetize the entire lifecycle of a referral. With limited success their business model focuses more on an agency perspective – giving companies an opaque but completely managed influencer / referral program. While beneficial for select companies, the system does not foster complete management orencourage business or consumer sign-up – as it is gated and focused towards high end managed influencers.

Many of the solutions in the market rely on a custodian player (typically a large marketing agency) to control the software that defines the flow of referrals and their monetization.
It is clear based on other failures observed in this space (e.g., wikets, refer.ly, circumrent) that establishing a profitable business model for the referral economy is highly challenging. Industry verticals appear to be differentiating factors for success or otherwise. For example, referral economy ventures in the real estate and legal industries tend to be doing better than others.

It is possible that the heavy reliance on deep interpersonal connection between parties in these industries is a key to a successful referral program. As an example, a friend’s referral to their realtor who brokered a deal for a house – a major milestone purchased in one’s life – is likely to hold more value and get your attention than a referral for a new pair of shoes.

With this being said, research shows that more than 50% of respondents are likely to give a referral if offered a direct incentive, social recognition or access to an exclusive loyalty program – highlighting the importance of creating a referral program in any industry.

Creating an integrated, seamless solution that covers business challenges and customer challenges across multi-faceted verticals – requires an understanding of the market, technology and referral space – all of which Plentix offers.

Decentralized And Automated
A decentralized, distributed Blockchain system – provides businesses and developers with a structure to allow the platform to remain free while, at the same time, allowing a vast number of developers to build on it. Smart contracts automation – allows programmers to easily plug and play with supported software, enabling reduced cost with effortless scaling capabilities and automation. Using decentralized, distributed infrastructure, Plentix provides programmers and businesses with open-source set of APIs and features.

Innovative Architecture
Businesses will have a wide range of integration options – allowing them to seamlessly plug into their CRM systems or POS systems. While Plentix’s platform empowers developers to write their modules, Plentix application will allow programmers to write a module which will integrate with Plentix application and transfers the programming GAS fee to them when a business using their software module has a transaction. In spite of several players in collaboration backstage of Plentix application, users only see one front-end interface and only need to sign-up to Plentix application.

Flexible Reward Options
There are many possible ways for referring your network to gain rewards. The referrer may get a 10% reward in tokens for every referral that makes a purchase or even get commission for first three purchases; it is up to the business to choose. The reward may be in Plentix tokens. Rewards may be monetized for up to four purchases by the referee client. Reward options may vary from business to business, and include tokens, discounts or a mix of both.

Access To Tokenized Referral
Every time businesses and customers connect, every recommendation for a friend, the Plentix token stores and transfers value. As Plentix is a network platform with an underlying token that is an asset in the crypto economy, everyone wins: the platform’s success is intimately connected to the success of its users, the growth of its token and the value of the ecosystem powered up by the Plentix platform. (#4Win)

Team

Yashar Toopchi

Co-founder & CEO

Alex Javdanitehran

Co-founder & COO

Sirus Moghadasian

CTO

Sasha Blackler

Marketing & Business Development

Adrian Wakefield

Software Developer

Maziar Rezaei

Senior Software Developer

Ali Dorri

Blockchain Security Architect

Saeed Rastegar

Blockchain Architect

Duncan Malumbe

Legal Advisor

Plentix Advisors

Steve French

Advisor

Ali Ayyash

Advisor

Boris Otonicar

Advisor

Steven Meacham

Advisor

James K. Scarborough

Advisor

Alex Shifrin

Advisor

Giovanni Lesna Maranetto

Advisor

Brigham Ricks

Advisor

Milestones