Poseidon – Imagine You Could Save The Planet With Every Purchase
Cryptocurrencies are digital monetary units that operate independently of a central bank and is permission-less to use. Its transaction information, usually stored on a general ledger, is open and available for system participants to view. Additionally, cryptocurrencies generally do not appeal to authorities such as central banks, tax authorities, or judicial systems. This means that, generally, these entities cannot influence transactions of participants in the cryptocurrency payment system.
Furthermore, cryptocurrency transfer is irreversible; third-party entities cannot cancel, block, dispute or carry out a transaction unilaterally. Consensus rules and encryption techniques are used to regulate the generation and issuance of cryptocurrencies.
WHAT IS POSEIDON
Poseidon is a non-profit foundation that allows people to save the planet with each purchase through their breakthrough platform. The platform is a vital new tool for retailers to change behavior and integrate real climate action into each retail transaction at the point of sale. Using blockchain technology, Poseidon allows us all to address the carbon-related effects of our lifestyle, to track and share the positive impact of our transactions on individual projects with our peers.
One of the tasks associated with such philanthropic enumerations is to achieve transparency. Can you guarantee that your donation will indeed go to the project that you would like to support? The problem is solved through the use of blockchain technology, which guarantees transparency and traceability, saving transactional information publicly.
Another difficult task is to find a way to accurately consider the climate impact of your choices regarding lifestyle. This problem can be solved using blockchain technology. By processing micro-donations in near real-time, the team attaches climate-friendly action directly to the products and services you buy, giving you the confidence you need.
The platform is unique in many ways. With its help, for the first time, you can carry out transactions with grams of carbon credits, which allows you to integrate the carbon market with the retail sector. The platform is truly cross-cutting, it unites people protecting forests with communities around the world at points of sale. Nothing like this has ever been done.
Once the solution is fully operational, retailers will be able to offer carbon credits along with the products and services they buy to mitigate and balance their negative impact on the climate or even turn them into “climate positive” offers. Customers will be able to shop in regular or online stores and at the same time contribute to the fight against climate change.
This will ensure transparency, traceability and the ability to monitor each step. Although the platform will, of course, coexist with the structural improvements that companies make to reduce their emissions, it offers a critical acceleration in the operation and financing of projects to reduce emissions of harmful substances, making the changes necessary for sustainable global development.
The team chose Stellar as a blockchain partner due to the fact that it is the only platform that offers scalability tools consistent with project values. Compared to many other blockchain platforms, Stellar has created an architecture that uses less electricity and provides significant environmental benefits, which is crucial for us.
As an asset to Stellar, OCEAN tokens are a payment tool and the only way to buy carbon credits on our platform. Customers can purchase tokens from Poseidon or in the secondary market, as well as use OCEAN tokens from our liquidity pool through retail integrations.
Created a fixed offer of 36 billion OCEAN tokens. To establish the adequate cost of microtransactions, which are necessary for linking carbon credits with purchases, the developers decided to give the name of one-thousandth OCEAN — Drop (DROP). Each OCEAN contains a value consistent with annual fixing in accordance with prices on the global carbon market. Learn more about this in the section on the economics of tokens.
TOKEN AND ICO DETAILS
- Ticker: OCN
- Platform: Stellar
- Dates of Pre-ICO: 03.11.2018 – 09.12.2018
- Dates of sales: 12.05.2018 – 12.06.2018
- Token Type: Stellar
- PreICO Price: 1 OCEAN = 0.24 EUR
- Price: 1 OCEAN = 0.192 EUR
- Total Tokens: 36000000000
- Available for sale: 70%
- Role of the token: Utility-token
FOR MORE INFORMATION, CLICK THE FOLLOW LINK:
Bountyhive Username: Odi
Bountyhive Referral link: bountyhive.io/r/Odi
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2372310;