Seeing the pace with which environmental issues are increasing, people are getting very concerned and are thinking of ways to bring things back on track and in control. Having the same mindset, Enea Benedetto with his team has come up with one cutting edge project that is powered by Artificial Intelligence and Blockchain Technology with the vision to tackle one of the biggest issues of society and that is waste management. This project is named Vectorium and focuses majorly on converting waste to coins.
What is Vectorium?
Vectorium is basically a project that intends to get a grip on issues associated with increase in waste generation as well as improper waste management. Vectorium Flash (VCT) & Vectorium Plus (VCTP) are the two different cryptocurrencies introduced by this project.
They have also introduced a process to convert waste to coins also known as WtC process. WtC processes are drawn towards generating electricity or cryptocurrency or both using sublimation. This process may even lead to production of fuel commodities like synthetic fuels, methanol or methane. Similarly, this Vectorium’s WtC Process is a kind of energy & coin recovery process, which is an endeavor of generating cryptocurrency along with electricity primarily from waste treatment into ‘fuel crypto-mining source’.
What are Vectorium Coins?
Vectorium has come up with two different cryptocurrencies.
- Vectorium Flash: One is Vectorium Flash, which is Crypto Energy Project’s core asset and is mineable by everyone.
- Vectorium Plus: The second one is Vectorium Plus, which is powered by Proof of Stake System. In 4 years, the Vectorium Plus will become corporate equity for the people who will purchase this. Along with that, they will be getting 20% of fixed interest rate per annum.
How Vectorium Project Works?
Complete Vectorium project is divided into two parts. One is new electricity distribution system and the other one is Vectorium Islands.
A. New Electricity Distribution System
Vectorium Project is targeting majorly on digitization of electricity using blockchain distribution. If we talk about traditional Transition system, the electricity is produced by power plant from where it is distributed to cities through pylons, cables, control units and meters. With this approach, distribution system is working in one direction only because of which distribution is always continuous and the energy’s flow is always same, regardless of quantity actually needed & consumed. And the major drawback of this approach is costs involved. Costs in energy transport, expensive system charges, and expenditure on energy, retail marketing, and taxes are the major setbacks.
Considering all these drawbacks of traditional electricity system, Vectorium has come up with their smart network that directly connects consumers to the producers. Using this approach, information from meters of consumers will be taken in real time and then rationalization and distribution of energy will be done whilst avoiding voltage variations or any overloads, which will further lead to reduction in price of energy significantly. Now, after this user may save upto 55% of final costs of their electricity bill as there will be no hidden costs involved in electricity distribution or sub distribution, no transmission or sub transmission lines, no wires and no middlemen involved.
B. Vectorium Islands
Vectorium islands are going to be the locations where renewable energy will be produced using the combination of wind, solar & waste which will further lead to generation of cryptocurrencies. This production of energy is going to be regulated by Artificial Intelligence and Blockchain based technology. The model that Vectorium is using for energy production is really unique because it can use any type of waste material and has no environmental impacts.
According to me this project is worth investing because if you are a small-scale investor, you may burn your crypto to utilize the electricity that is generated by them and then you can exchange those burned coins for energy credit coupons. And if you are large-scale investor, you can invest in Vectorium islands today for which you will get 8-20% of interest every year and after 4 years you will get the environment friendly island too on the basis of investments you do.
In the end, I will say that investing in this project is a win-win situation for you as you are saving money and saving environment at the same time.
Click below link for the company details:
Website: https://www.vectorium.co/
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2287029
Facebook: https://www.facebook.com/VectoriumSocial/
Twitter: https://twitter.com/VectoriumSocial
Vectorium wallet: PjpgYZycUDWkgtoQAWRE2TydYuvF9Kv4js
Youtube: www.youtube.com/channel/UC9qZAQ1VgEa1H_xCEy4TzEA
LinkedIn: https://www.linkedin.com/company/vectorium
Forum user name: BestAge41
Telegram: @HOSSANBELAL