Nowadays, many eco-activists criticize the mining of digital coins. They believe that this process damages the environment and brings global warming closer. As an example, the activists cite such an asset as bitcoin. The fact is that its mining requires too much electricity, which is dangerous for the environment.
Against this background, the situation with Ethereum looks promising: in 2022, the network switched to the Proof-of-Stake algorithm (instead of miners now act as validators) and thus reduced energy consumption. The issue of ecology continues to worry not only activists, but also crypto developers. That is why the latter release projects to the market, designed to help protect the environment. This article will talk about such products.
New cryptocurrencies with environmental benefits
The ecological niche can rightfully be considered relatively new in the digital coin industry. Nevertheless, two startups with high potential are now on the market:
- Ecoterra – a pioneering project that offers a profitable way to recycle trash.
- Chimpzee is a profitable option for those who want to earn money by saving flora and fauna.
Ecoterra
A big event in the market was the release of Ecoterra – a project that completely changed the usual recycling of raw materials. Thanks to it, users will be able to earn cryptocurrency rewards every time they load garbage into reverse vending machines. At the moment, the ECOTERRA token presale has come to an end. The asset is available for purchase on trading platforms such as Uniswap and BitMart at a price of $0.00294.
The working principle of the platform is quite simple, but at the same time it allows for efficient waste recycling and reducing the carbon footprint.
First, all of Ecoterra’s core functionality is realized through the platform’s own tokens. Users can get them by submitting garbage for recycling. The objects of recycling can be products of such well-known companies as Coca-Cola, Evian and others.
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The accrued coins can be placed in steaking, providing passive income, or they can be used to buy carbon credits. Investors get an additional earning opportunity by selling such credits.
The Ecoterra mobile app is reportedly under construction. It is designed to facilitate the submission of garbage for recycling. With its help, users will be able to scan the barcodes of the containers and mark their progress in their personal profile.
According to the developers, Ecoterra will soon open its own marketplace, where individuals and companies will be able to sell their accumulated recyclables. As part of this initiative, users will be able to buy or sell recycled plastic, glass or aluminum.
During the pre-sale, this environmental project raised more than $6.3 million. As mentioned, the coin can be purchased on crypto exchanges such as Uniswap and BitMart.
Benefits of the project:
- Tokenization of environmental care.
- Collaboration with brands such as Patagonia, The North Face and H&M.
- Opportunity to reduce pollution and get cryptocurrency for it.
Chimpzee
In the context of new and promising “green” projects, it is impossible not to mention Chimpzee. This startup aims to find a solution to global environmental problems and bring users a big profit. The pre-sale rate of the CHMPZ token is constantly growing. This is evidenced by the total amount of investment in the project – more than $975. The favorable value of the coin – $0.000775 – also has a positive impact on the presale.
This new “green” startup can be rightfully considered one of the most large-scale on the market. It aims at a comprehensive solution to global problems and encourages users to take an active part in eco-initiatives. Chimpzee’s recent achievements include raising money to save elephants ($15,000), helping the black jaguar, and planting greenery (more than 20,000 trees have been planted).
The company has also set an ambitious goal to expand its collaboration with a number of charitable organizations. For example, Chimpzee is currently active with the WILD Foundation, The Giving Block and OneTreePlanted. They will soon be joined by Animal Haven, Compassion Without Borders, and many others. The list of potential Chimpzee partners includes almost 30 organizations.
A few days ago, the official website of Chimpzee published information about the beginning of CHMPZ token burning. The developers stated that up to 50 billion coins will be destroyed during the first stage.
Investors can purchase CHMPZ at a low cost ($0.000775) as part of the “gold” stage of the presale. It includes stages 7 and 9, during which the NFT staking will be 18% per annum.
Startup benefits:
- 3 different ways to earn cryptocurrency – Zero Tolerance game, NFT marketplace and gift store.
- Real contribution to nature protection for which you can get cryptocurrency rewards.
- A digital credential (NFT passport) gives you the opportunity to multiply your income.
The future of blockchain in ecology: why more and more cryptoprojects are directing their efforts to environmental protection
Experts note that every year more and more companies are trying to involve people in solving environmental issues. This is due to the growing threat of global warming, the overall degree of pollution of nature and many other factors.
Carbon dioxide emission is one of the main environmental problems all over the world. An increase in the amount of CO2 in the atmosphere can threaten to increase gas insulation and lead to global warming. Moreover, experts point out that CO2 emissions will also cause changes in the average level of the oceans and affect rainfall patterns.
The destructive impact of humans on the environment is hard to underestimate. For example, according to UN IPCC statements, almost 20% of emissions are triggered by active deforestation.
In this regard, many companies creating environmentally focused crypto projects are seeking to change the situation. They launch startups with the help of which it is possible not only to earn money, but also to significantly reduce carbon emissions. This can be done by investing in projects that help reduce or eliminate carbon dioxide entering the atmosphere. For example, users are encouraged to invest in renewable energy, green spaces or energy efficiency in developing countries.
The goal of this approach is to mitigate the effects of global warming. Carbon offsetting allows businesses and individuals to take responsibility and have a positive impact on the environment.
Carbon credits can be of great help in preserving flora and fauna. They are conditional authorizations for companies to commit CO2 emissions to the atmosphere. These credits can be sold to organizations in order to reduce their carbon footprint. This can be done on special marketplaces as part of environmental crypto projects. Such startups are based on reliable blockchain technologies. They allow you to safely and transparently buy/sell such credits for different types of digital coins.
Turning loans into cryptocurrency has a number of positive consequences. For example, attracting users to eco-initiatives who were previously not at all concerned about environmental issues and creating a reliable financial infrastructure.
Conclusion
Creating crypto projects can be one of the most effective ways to address global environmental issues. Such startups are profitable, reliable, and offer users profit for contributing to the protection of nature. This, in turn, will further incentivize participation in eco-initiatives. Moreover, the carbon credits market has a good chance of bringing big profits to companies that want to reduce the amount of carbon dioxide in the atmosphere.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
