Eco Coin

Sustainable initiatives

Examples of Eco Coin's sustainable initiatives include:

Social sustainability

  • university campuses are alive with the next generation of sustainable thinkers who are ready to take action now. Implementation can be co-created with students so that they decide what actions are deemed worthy. Perhaps one day we will see the amount of ECOs a student has earned on their CV as a sign of their green credentials, and
  • hotels and retail outlets can now be joined up into one sustainable economy with the ECO coin. A hotel implementation also enables the hotel to connect to local sustainable suppliers around them, giving visitors a unique eco adventure.

Environmental sustainability

  • every ECO coin is backed by a tree but how does this work? Trees can be exchanged into the system for ECO coins. The trees are kept in escrow meaning that the ownership stays with the original owner of the tree, though the tree is placed in custody of the ECO coin foundation
  • a tree is a living entity that is born and will inevitably also die. Hence, in order to maintain a connection between the tree and the coin, the lifespan of the coin will also be finite. Every ECO coin slightly deteriorates with a small percentage to match it with the average lifespan of the tree that is backing it. This is called demurrage and is a completely new way to look at money, and
  • the ECO coin network will not be controlled by one single party but by the ECO community who uses it. This will work by utilising the blockchain to create a Decentralised Autonomous Charity (DAC) whereby holders of ECO coins will also have a vote in the development and direction of the platform and currency.

Economic sustainability

  • the ECO coin marketplace so that you can earn ECOs through a recycling app, and spend coins on renting a movie online. The more places ECOs can be earned and spent, the more valuable it will become, and
  • tree owners can exchange their trees for ECO coins. The trees are kept in escrow meaning that the ownership stays with the original owner of the tree, though the tree is placed in custody of the ECO coin foundation.

Find out more about Eco Coin here.

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