How It Works

Step 1: A company needs scrap PET plastics

  1. A representative of the Company creates an account on EcoMarket by connecting their TronLink Wallet.
    1. An Escrow Wallet mapped to the EcoMarket smart contract is immediately created for the company.
  2. The Company rep. sets the company profile with the following details: Name, Contact Number, Contact Email, and Address.
  3. The Staff makes an offer on EcoMarket by entering the details of the plastic, including the type (PET), quantity required, and expiry date of the offer.
  4. The company selects the collection center from a predefined list.
  5. Based on the type and quantity of plastics requested, the TRX amount to be escrowed by the company is shown.
  6. The rep. escrows the requested TRX amount from within their Escrow Wallet created in Step 1(a). If the escrow wallet doesn’t have enough balance, the offer isn’t created.
  7. The company’s offer is published on the open marketplace for users to fulfill.

Step 2: Recyclers view offers and fulfill them

  1. Recycler signs up on EcoMarket by connecting their TronLink wallet
  2. A chain-agnostic wallet address is automatically assigned to the recycler, for collection of rewards.
  3. The recycler adds their profile details and adds their current location from a preset list to their profile.
  4. The recycler views the marketplace and sees requests for plastics in their location.
  5. The recycler can view the request details, including the type, quantity required, amount per quantity, and the dropoff location.
  6. The recycler applies to fulfill the request.
  7. The company approves or rejects the recycler’s application and approves the transaction with their wallet.
  8. Once the recycler’s request has been accepted, they can commence the collection of plastics.
    1. Since the dropoff center is within their locality, the recycler is recommended to first take a sample to the collection center to ensure they have the right type of plastic required.

Step 3: Dropoff happens

  1. Sure of the type and quantity, the recycler takes the collected plastics to the dropoff location.