New REVERSE token is helping to reverse climate change


Choose your language:
RVRS transactions fund projects such as kelp reforestation and fertiliser innovations
Decentralised green Bitcoin mining protocol AGA announced yesterday that it had recently launched a new token offering called REVERSE (RVRS) with the aim of fighting climate change. The new tokens are intended to create a self-sustaining ecosystem as AGA released all tokens and did not keep any for itself.
Head of Product and Sustainability at AGA, Stefan Renton, explained, “Buy, use or sell our token and you’re creating a positive impact in the fight against climate change. We use the blockchain to verify and prove that. Track your own, verifiable data… So, not only is this a chance for those who just want to do their part to get rewarded, but it also provides a little incentive for those with cost-associated reservations. They still get to benefit while doing their part as well. Do Good, Get Rewarded.”
For every RVRS transaction, 80% of the tokens are received, 10% are sold for carbon removals and then tied to the holder’s wallet for use, 5% are burned to drive appreciation of the token, and 5% are distributed to all holders — there is no need to stake, coins are simply distributed to all wallets with a RVRS balance.
Reverse wants to fund innovative projects that fight climate change. One such idea comes from recent studies which showed that methane emissions from cattle could be cut by up to 70% simply by adding a small amount of a seaweed called Asparagopsis to cattle feed.
Renton added, “With less than half the current daily volume of Dogecoin, we could neutralize 10% of Global Carbon emissions. However, at that kind of daily volume we could invest in projects that have roadmaps to 10x cost efficiency. That could mean eliminating 100% global emissions with half the daily volume of Dogecoin.”
The project’s roadmap includes the launch of an impact tracker, emissions calculators, a climate change innovators fund and non-fungible token (NFT) awards. Eventually, AGA will relinquish its responsibilities, the purchase of carbon removals will become automated and the funding of climate change projects will be voted on by a decentralised autonomous organisation.
Keep updated with our round the clock and in-depth cryptocurrency news.
Unsub anytime
No SPAM ever!
After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. View our privacy policy here.
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
When trading in stocks your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.


Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

El Salvador to use surplus Bitcoin Trust funds to build 20 schools

Next Post

Market highlights: Bitcoin nears its ATH as Ethereum and Avalanche sets new ATHs

Related Posts