Being an environmentalist always means choosing a virtuous but tough path to walk.
After the industrial revolution, the destruction of Earth by the hand of humanity started to accelerate dramatically. First, using of coal in the factories for the production was the main responsible about air pollution but then, other kinds of fossil-based fuel types joined it because of the fossil oil industry and now things are getting more and more complicated and hard to be solved day by day. Marine life is shrinking and pollutes massively decreases air quality which has a direct effect in almost everything on this beautiful planet.
Now being an environmentalist is pretty much harder than ever before since most of the environmental problems caused by the huge business organizations such as petroleum firms.
However, there exist more peaceful ways to decrease bad effects on our world. For example, in today's world, it is hard to find a funding establishment for the environmentalist initiatives since the return profit of this kind of companies relatively low compared to many other business branches. But by risking the much more profitable work areas and backing up such institutions is a win-win situation because this involves not only contributes protection of world but also makes the interest to environmentalist projects increase rapidly.
There are some projects about the helping of environmentalist initiatives among different areas but I'd like to introduce one which is in an innovative are called blockchain. The project is EcoStart.
What is EcoStart?
They define themselves as
"A global multi-functional platform for business support in green tones"in the project website but I want to expand it a little bit. EcoStart is a platform which aims to finance environmentalist projects that lack assistance for that matter. Emergence o EcoStart project is strictly related to some combination of problems.
Problems
I'd like to make a list of problems about the difficulty of green project funding.
•Most o the investment institutions have the main concern of their own interest before any other one. This makes expensive financing conditions.
•Lacking coordination results with wasting underestimated amount of money, time and effort every year.
•The absence of priority for the projects which actually or the greater good of all the world's communities.
•Due to lack of transparency, trust issues about the system appear and this cause lags difficult to solve for the environmental investment. This situation mainly happens because of the missing standards for revealing the information.
•An investor should know where the investment fund will exactly be used. If this is not clear then evidently, not enough funding could be supplemented for the green projects.
•No method presented for attracting investors, the politicization of process and improper promotion of project potential are other aspects which could be considered among the problems.
Advantages of EcoStart Platform
•Effective and non-dependent fund rising system
•Distance with common funding institutes and governmental establishment.
•Lack of go-betweens.
•Even the investors that can provide a small number of funds and socially adjusted participants are welcome.
•Transparent control mechanism which is open to evaluating expenses to increase the participation that results in an increase in cumulative fund rising.
•EcoStart API creates an effective atmosphere for the development o products and services. Even the third party applications can be implemented creating expanding the network.
Terra EcoCoin
The core part of the EcoStart platform is TerraEcoCoin (TECO) which labours as the principal source value enabling to carry out all the main movements and transactions on the platform. TECO is ready to use asset right now. Also, it is an ERC compatible token with a total supply o 210 million.
Final Words
For more details, please visit project links below
DISCLAIMER
This article is not meant to give commercial or any other kind of advice. It is just an informative text at all.
Always DYOR