In its shift from using conventional fossil fuels to producing energy from renewable sources, the US just achieved a significant milestone.
According to an E&E News analysis of federal statistics quoted by Scientific American, wind and solar generated more electricity in the first five months of the year than coal did.
For the first time ever during a five-month period, renewable energy sources generated more than coal.
But rather than being a result of strength in renewables, the historic success of renewables is more a product of weakness in the coal power business.
A combination of cheap gas costs, a mild winter, and a wave of coal-powered power plant closures led to a precipitous decline in coal power production in 2022.
It is therefore obvious that more work needs to be done to support the renewable energy sector as countries like the US hurry to cut greenhouse gas emissions in order to halt the effects of climate change.
Web3 Launches Improved Incentives
In order to combat the growing plastic pollution issue, it will be crucial to provide financial incentives for people and companies to adopt ecologically friendly behaviours.
That’s because many people lack the motivation to decrease their carbon and environmental footprints even when they are aware of the types of steps they should be taking.
Financial inducements may alter this.
But until recently, these financial incentives (such carbon credit markets) have mostly exclusively benefited giant corporations and are out of reach for the majority of people.
Web3 possesses the potential to change this because of the openness and decentralization of the blockchains on which it runs.
And ecoterra is a business that is leading the charge on web3 to promote ecologically beneficial behaviour.
The goal of this new climate currency is to improve recycling, which is now broken.
The Concept of Recycle-to-Earn (R2E) is Introduced by Ecoterra Award-Winning Green Web3 Project
By rewarding recycling, making it simpler to offset carbon emissions, and allowing for the transparent tracking of environmental effect, blockchain technology has the unmatched potential to encourage environmentally good behaviours.
According to the project’s Whitepaper, ecoterra is creating a single application that accomplishes all three of these tasks as well as others.
Every time a user recycles on Ecoterra, they are rewarded with the system’s native cryptocurrency, $ECOTERRA.
The platform includes a marketplace for carbon offsets to make it simpler for people and companies to offset their carbon impact.
In order to facilitate the acquisition of recycled commodities by businesses using $ECOTERRA or other cryptocurrencies, Ecoterra now offers a marketplace for recycled materials.
In the meanwhile, ecoterra offers an Impact Trackable Profile that enables people and companies to monitor their environmental actions owing to the openness of the blockchain.
According to observers, this feature will be highly well-liked by environmentally concerned companies, who may utilize Impact Trackable Profile to improve their brand reputation and increase consumer loyalty.
And last week at the Istanbul Blockchain Summit, ecoterra received recognition for its contribution to the sustainable cryptocurrency ecosystem.
Since reverse vending machines (RVMs) are used in every country, there is a sizable potential market for the green web3 start-up’s R2E software.
Demo of the company’s flagship R2E app will be released by Ecoterra
Ecoterra, a revolutionary green web3 project, has accomplished a significant milestone in terms of following through on its product development strategy.
The acclaimed project is going to open up registration for people to join the beta test of its much awaited R2E application.
The Ecoterra application will be available on both desktop and mobile devices, and the green cryptocurrency start-up has already given some sneak looks at how the program will appear on both platforms.
The clean and simple design of the app should make for simple navigation and a wonderful, intuitive user experience.
Ecoterra’s R2E program is anticipated to be released in alpha form until the end of the year.
The first step for users is to create their profiles and try out the sample version.
Ecoterra has been working hard to integrate a variety of significant beverage companies into its ecosystem, including the likes of Coca-Cola, Carlsberg, and Evian, when it was announced that the trial R2E app will soon appear.
Prior to recycling them via RVMs, users of the ecoterra application will be able to scan and recycle bottles from the aforementioned brands as well as a host more, such as Dr Pepper, and will be compensated with bitcoin for doing so.
Participate in the Ecoterra Presale Right Away
Ecoterra is doing a presale of its native $ECOTERRA token to raise money for the development of its ground-breaking green platform, and sales have already crossed the startling $5 million threshold in just two months.
Observers anticipate that the presale of the project will get more paces with the publication of a demo version of ecoterra’s main R2E software.
This is due to the fact that when ecoterra’s presale reaches $5.7 million, it will enter its ninth and last stage, and the price of $ECOTERRA will increase by 8% to $0.01.
As soon as the presale reaches $6.7 million, which might happen quickly considering the current speed of $ECOTERRA’s sales, the presale will come to an end.
The following quarter will see the introduction of $ECOTERRA on significant crypto exchanges.
It’s understandable why experts are forecasting big things for the $ECOTERRA token given how crucial new green web3 initiatives like Ecoterra are likely to become in the decades to come to efforts to combat climate change on a global scale.
The ERC-20 cryptocurrency token $ECOTERRA, which is the foundation of ecoterra’s blockchain-based green web3 ecosystem, is available right now for just $0.00925 per unit.
Investors who want to participate in one of the most popular cryptocurrency projects of 2023 must act quickly, according to analysts from a number of reliable news and analysis websites.
When $ECOTERRA releases across cryptocurrency exchanges later this year, according to well-known British presale analyst Jacob Crypto Bury, it might 10x in value.
