Foundation:

Every foundation needs good advertising in order to promote their products or services. Customers are the valuable assets for every business. And people trust the customer’s reviews more than their advertisement. And originations have been using their customers to attract more customers towards their platform. This method of promotion and advertising is known as referring. This is the most trust worthy and reliable way of advertisement. Plentix has provided the organizations and companies to develop a referral program for their marketing.

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Plentix overview:

Companies and brands have to advertise themselves in better way. The referring method is considered best way as 91% audience at least try the referred brand once. Even the words of the referrer are taken as his experience. So business reward them who refer their brand to others. But this system is a bit complex, it requires continuous collaboration with referrers to make sure they are worthy and giving quality feedback, plus reward them. So the Plentix do this work for the companies and provide them with effortless scaling with smart contract automation. Companies pay them and in return they make them a referring program with referrers and also reward them on company’s behalf.

The platform is not only for the companies but also for the developers to build on it and to write their modules and when any company use their module they are given their fees.

If we talk about the referrers, there are many sites which make them do the work but don’t pay them. Plentix is way different from all of them, it is blockchain based and decentralized system which surely reward them based on the number of attracted referees. It is a transparent system, and easy to use both for the companies and referrers, while the complex work is completed by the platform itself.

Referring:

Referring is so easy from this platform, the platform has built in network of communication including SMS, chat and mails, but for those who (are expected to become referee) don’t use Plentix, invitation can be sent via social media network as well. When referrer get reward in terms of attracting someone to a brand or company via Plentix, the referee also get some benefit as a welcome gesture such as discount. To avail this each referrer is assigned with a code and that particular code is used by the referee to claim the discount. And again the referrer will get the reward of 10% when the referee uses the company’s services or purchase a product. So the referrer will get token or discount based upon the company’s policy.

There is no controlling person/ team and manual rewarding system every task including transaction is done automatically which is the basis of blockchain technology.

Plentix token:

The rewards are given in terms of a cryptocurrency which is the native token of plentix platform and ERC20 standard and named as PTN. The token is available during pre ICO and ICO sale with price of $0.02 for each token. The total number of PTN tokens for the sale are 500,000,000. And the pre ICO sale is staring from 25th April followed by the ICO sale from 20th May, 2018.

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Useful Links: Website, Telegram, whitepaper