Earn Crypto for Recycling with This New Crypto Startup – Billion Dollar Opportunity?
Ecoterra has launched the presale for its native ECOTERRA token, with the recycle-to-earn platform aiming to raise a total of $6.7 million before the coin lists on exchanges.
The sale will have nine stages in total, with the first and current stage offering ECOTERRA at a hugely discounted price of $0.004.
This provides early investors with the opportunity to book some big profits, with Ecoterra's status as crypto's first ever recycle-to-earn platform potentially putting in a prime position to corner a significant chunk of the market.
Running on the Ethereum blockchain, Ecoterra's platform has a simple premise: earn rewards for recycling.
By recycling items at designated reverse vending machines (which accept recyclables), and by registering the items via its app, Ecoterra will reward its users with ECOTERRA.
ECOTERRA will also be usable for staking, thereby earning their holders a passive yield.
In addition, a big part of the Ecoterra platform will be its marketplace for carbon credits, which can be purchased using ECOTERRA and which can earn users non-fungible tokens as rewards,
Taken together, such financial rewards are likely to incentivize greater recycling among consumers, with Ecoterra noting in its whitepaper that only 29% and 9% of waste materials are recycled in high-income and low-income countries, respectively.
Not only will users of the Ecoterra be able to recycle various items at reverse vending machines (RVMs), but the platform is set to agree partnerships with a variety of retailers, at which users will also be able to recycle their unwanted clothing.
This will provide yet another potential source of ECOTERRA-based rewards, with users also able to use their tokens to gain access to educational content and
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