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The fight against climate change will become one of humanity’s most important battles over the next decade. There’s a reason why activists across the globe are constantly risking everything to fight to have their voices heard regarding the potentially catastrophic impact of global warming.
With the last decade being the hottest in the previous 1250,000 years, it’s becoming increasingly apparent that the world needs to work together to come up with a solution. Fortunately, the Web3 space can do its part to help make a difference, and a number of environmentally conscious projects have been birthed to help combat rising global temperatures and increasing CO2 emissions.
Over recent years, high-profile individuals have been investing in projects they believe could make a difference in the environment. One, in particular, was KilmaDAO, which saw Mark Cuban heavily invested as he promoted the project. Unfortunately, with KilmaDAO down 99% from its highs and showing no signs of recovery – it’s safe to say that the project has flopped.
Nevertheless, a new eco-friendly project is on the horizon generating significant traction, and many investors are expecting Mark Cuban to continue his philanthropic efforts by investing in this new recycle-to-earn app, which incentivizes the general population to begin recycling. Let us introduce you to Ecoterra and explain why this might be GameFi’s biggest win in the coming years.
Ecoterra – Incentivizing Everybody to Recycle For a Sustainable Future
Ecoterra is an all-in-one Recycle2Earn app that features recycling tokens and ecology actions. The project is focused on rewarding people for taking action on climate change by encouraging the process of recycling.
The project is designed to reach a wide range of users, from individuals to small businesses, large corporations to industries, and governments to NGOs. All of these market segments can use the application to earn rewards and encourage other users in their circles to start recycling. In addition, the app aims to educate the public on the need for recycling and provide them with an adequate incentive to do it.
🔄♻️ Here are 3 easy ways to recycle with Ecoterra:
🗑️ Drop off recyclables at any RVM
👕 Take used clothes to retailers that recycle them
🔋 Switch to renewable energyOR simply buy $ECOTERRA and let us take care of the rest. Join our #Presale now!💚https://t.co/1fYkPOsPYG pic.twitter.com/qjjElDyeOj
— ecoterra (@ecoterraio) April 13, 2023
Ecoterra has cleverly morphed the GameFi mechanics to give birth to a new concept that helps the world move to a more sustainable future. Previously, GameFi allowed gamers to earn rewards for playing their favorite games in play-to-earn. Projects like Axie Infinity hit mainstream usage during 2020 as gamers flocked to the metaverse to battle their Axie pets, pushing the market cap for Axie Infinity as high as $10 billion. GameFi mechanics also helped encourage users to stay fit and healthy in the move-to-earn revolution, which rewarded users for putting their health first through walking, running, and jogging. Projects like Stepn drove the move-to-earn revolution to exceptional heights after it hit a market cap of $2.3 billion in 2022.
Now, Ecoterra is using the same GameFi techniques to give birth to a new mechanism that incentivizes users to recycle for rewards, convincing them to do their part to fight the devastating effects of climate change. Users on the application can earn Ecoterra tokens for each item they recycle using the instructions provided on the app.
Why Does Ecoterra Have a Better Chance of Preventing Global Warming Compared to KilmaDAO?
KilmaDAO came out of the gates swinging as it hit a $1 billion market cap in the first few days of launching. From there, it remained in a consistent downtrend as it continued to drop to the current market cap level of $20 million, producing a 99% price fall. Although the project claims to have removed over 17 million tons of carbon from the atmosphere, it’s still shrouded in complete secrecy.
The fact of the matter is that the project was far too complicated as it attempted to create a digital reserve currency backed by carbon credits. They wanted to make purchasing carbon offsets extremely expensive, forcing industrial companies to find better energy-efficient methods to handle their production.
On the other side, Ecoterra intends to help the world by encouraging the recycling process by rewarding people to start recycling. Instead of destroying an eco-friendly industry by making carbon credits expensive, Ecoterra wants to promote the environmentally conscious tools accessible today by rewarding users for recycling.
The process of recycling helps to lower greenhouse gas emissions as it reduces the amount of waste that ends up in landfills and incinerators. It also helps to save energy as it is typically more efficient than producing fresh new products. In addition, recycling promotes the conservation of natural resources by using materials for as long as possible before they’re discarded.
All of these factors directly contribute to lower CO2 emissions, which will help slow down global warming and push the world into a more sustainable future.
How it Works: Recycle and Earn in Three Simple Steps
The Ecoterra team has ensured its Recycle2Earn application is as straightforward as possible, making it incredibly easy for users to recycle and earn rewards. The team states that there are three simple steps to get started; Scan, Recycle, and Earn.
The first step is to scan the barcode of a recyclable product to find an instant match in the Ecoterra AI-powered database. Using the app, users can directly scan the barcodes on plastic, glass, and aluminum products to see how much they could earn from recycling. In addition, users can also scan their electricity bills to earn Ecoterra on green energy – so long as they have solar panels installed.
Once a barcode has been scanned, the next step is to recycle the product. The application directs users to their closest Reverse Vending Machine (RVM) to recycle. The great thing about this method is that the RVM market is expected to hit $736 million by 2030, providing a wide network of machines for users to access. After arriving at the RVM, users simply have to place their items into the machine to be recycled.
The final step is to take a photo of the receipt the RVM provided and upload it to the application for proof of recycling. Once uploaded, the application will reward users for their efforts in Ecoterra tokens.
That’s all there is to it. The application ensures that all users know exactly what to do so they won’t miss out on their rewards when recycling.
More Than Just a Recycling Application
The great thing about the Ecoterra ecosystem is that it’s more than just a recycling app. Instead, it has a suite of eco-friendly products that will help to combat climate change. In addition to the Recycle2Earn product, Ecoterra includes a Recycled Materials Market, a Carbon Offset Marketplace, and an Impact Trackable Profile.
The Recycled Materials Market allows users to purchase recycled plastics, glass, or aluminum using Ecoterra. The recycled materials product allows users to connect with companies all over the world to purchase environmentally friendly materials. Users are able to filter to find the exact materials they require that have the biggest positive impact on the environment. Furthermore, they can pay directly with Ecoterra, crypto, or fiat on the application.
The Carbon Offset Marketplace allows users to purchase carbon offsets to reduce their carbon footprint. A carbon offset represents one ton of carbon dioxide being removed from the atmosphere through ecological actions, such as planting trees. They’re typically used by large industries that emit waste gas through industrial production. Now, with the Ecoterra Carbon Offset Marketplace, everybody has direct access to purchase fully verified carbon offsets that are verified through a partnership with VERA to reduce their carbon footprints.
The final product is the Impact Trackable Profile which helps users track and present all of their positive actions through the Ecoterra ecosystem. The profile allows individuals and companies to lead the way by showing off their recycling rewards, position themselves as leaders in the fight against climate change and inspire other consumers to recycle.
Overall, the suite of eco-friendly products has the potential to greatly reduce the effects of global warming by helping to reduce carbon emissions across a wide range of fields.
Presale Raises Almost $2 Million in 21 Days
Don't miss out on this opportunity to invest in a greener future! 🍃
Our $ECOTERRA #Presale is now LIVE. Join us and support our mission to reduce carbon footprints🌍♻️https://t.co/1fYkPOsPYG pic.twitter.com/BXp32hpotj
— ecoterra (@ecoterraio) April 12, 2023
The presale for Ecoterra is gaining considerable momentum after raising a total of $1.8 million – just 21 days after launching. This shows the great level of appeal for the environmentally friendly project as users rush to purchase the Ecoterra token as they believe it has room for substantial growth once the Recycle2Earn platform launches.
The presale is currently in the fourth stage, selling the token for a price of $0.006250. It uses an increasing pricing mechanism, meaning that the price for Ecoterra tokens will rise during each subsequent presale stage. For example, once the presale enters the fifth stage, the price of Ecoterra will increase to $0.007. It will continue to increase across the nine stages until launching on tier-1 exchanges at a price of $0.01.
As a result, those investing in the earlier stages of the presale stand to benefit the most as they will leave the fundraising with higher unrealized profit.
Overall, although KilmaDAO flopped with its goal to prevent global warming, Ecoterra has a better chance of succeeding by using technology that is already accessible to the mainstream audience through recycling.
