What Is Petal?
The founders of Petal have made poverty reduction their business or as they call it, decentralizing positivity. Through the funds they get, they will build plants in Uttar Pradesh, one of the poorest states in India. This will enable them to offer employment to over 150 people in every plant with the needed training. Besides that, they will initiate educational schemes for kids in the slums.
Benefits for investors will be one of the main goals of this project. They estimate that they will get $8000 per plant per month. Of this, 50% will be used to support the PETAL token. The other 50% will be used to expand capacity and to support the underprivileged via a voting system. They have an aim of becoming the most positive community in the world of crypto. They already have two plants that offer employment to over 160 employees.
Petal Has Made Fighting Poverty Their Business
These developers are tackling the problem of poverty in a simple manner. They utilize money in a straight and direct manner. The benefits of this can be seen with ease on the faces of smiling beneficiaries.
The project is based in India, which is a nation that needs attention on this major issue of poverty. The project plans to employ more than 500 people that leave below the poverty line each year. Later on, the project will expand nationally and then internationally.
Petal Blockchain Poverty Reduction Business Coin Plans
A major cornerstone of the blockchain is ending the idea of excessive centralization that is imposed on people by the government. This situation usually leads to less transparency in general. The team working on Petal embraces this idea.
They plan to apply some of the merits that decentralization offer to bring about the reduction of poverty. Every task that they perform will be done with utmost transparency. In the era of corrupt public officials and egotistic individuals, this is a small step but it is the right one.
The plan is to build cloth-making plants in Uttar Pradesh, the poorest state in India. This plant will employ employees on a monthly basis, without the fear of job loss. Proper training will be given to all employees and there will be a free mid-day meal daily. This will ensure that employees attend work without failure. The plants will offer salaries at about 30% above the national minimum wage.
This is not just a theoretical project. They already have two working plants that employ more than 150 employees. You can view images of the plants on the whitepaper. They will also release videos of the plants on the project’s site. The team members already have more than a decade working in this sector. To ensure this project succeeds, the founders have made various deals with cloth brands in India. This means the plants will always have work.
Petal PTL Token ICO Details
Parameters Of The ICO
- Pre-ICO: May 15 –May 30, 2018
- Token: PTL
- Platform: Ethereum
- Type: ERC20
- Tokens For Sale: 700,000
- Price: 1 ETH = 350 PTL
- Soft Cap: 50 ETH
- Hard Cap: 250 ETH