Each 1 Token is backed by 1 Watt of renewable energy assets as well as tree planting projects to reduce the global carbon footprint. This business model creates sustainable social and environmental impact as well as recurring revenue streams from the sale of green electricity and carbon certificates.
After a presale and initial exchange offering, the EcoWatt Token (EWT) is doing a twin launch on Sushiswap and Bitforex.com on October 9th priced at 1.18 USD and an estimated realized marketcap of 60-70 Million USD.
EcoWatt strikes a new balance between a for profit company and social and environmental activism. By generating value for its Blockchain Token holding community it gains the funding and flexibility of an innovative for-profit company, while having the positive impact of an NGO.
Together with trees for the future (Trees.org), EcoWatts first Impact project has committed funds to raise 500 families in Uganda out of poverty by providing land and training to develop family owned farming plots as well as plant 1 million trees.
The Forest Garden Program is a simple, replicable, and scalable approach with proven success. How? It starts with trees. Through our 4-year training program, called the Forest Garden Approach, farmers plant thousands of trees that protect and bring nutrients back to the soil. This helps farmers grow a variety of fruits and vegetables. Forest Garden farmers gain increases in income and access to food, even in the first year, all while improving the environment.
In Mount Elgon, Uganda entire mountainsides of forests have been cut down to grow bananas and coffee. These crops have shallow roots that do not hold the soil in place. When heavy rains come, Mt Elgon has a constant problem with the mudslides. Sadly, these massive mudslides cause loss of land, homes, gardens, farms and lives; creating a major threat to this community. Planting deep rooted multipurpose trees, fruit trees, nitrogen fixing trees, intercropped with banana, coffee and other vegetables will help stabilize the soils and prevent mudslides as well as improve soil fertility, improve yields, and increase food security and income for farmers.
“1 million trees capture 150.000 tons of carbon every year. We plan to launch another project like this every year and make carbon certificates available to our staking community to make them carbon neutral with the click of a button. The future is green!” Says Paul Flynn, Managing Director of EcoWatt.
Trees.org – Washington DC, Ugoeze Achilike
EcoWatt.io – Dublin, Paul Flynn