Cryptocurrency has been the talk of the century. With the power to change the economics of banking, finance, gaming, shopping, entertainment, and even human interaction through its decentralized network crypto is one of the fastest growing industry of the current times. Crypto, which already is worth $2 trillion dollars, cannot ignore the environmental effects it brings with its enormous power consumption. Its shocking environmental impact have drawn efforts to minimize its carbon footprint, with investors jumping ship in favor of greener solutions.
With tycoons like Elon Musk throwing spotlight on environmental footprint of Bitcoin and other cryptocurrencies and more and more debates emerging around the same concern, a race has been triggered to make cryptocurrency more environmentally friendly creating an all new market of sustainable crypto ecosystem.
Many of these sustainable cryptocurrencies are focusing on incentivizing real world environment activity, earning digital currency by participating in environment friendly action, using the network to invest in sustainable solutions or using energy efficient technology to mine these digital currencies.
Libcoin with its one-of-a-kind sustainable digital asset has brought an innovative method of financing green projects through its platform allowing users to become a direct stakeholder in green energy transition.
Libcoin is a governance and reward token that provides potential holders a unique exposure to investments and rewards in the booming green battery technology industry. It has brought an innovative way of financing by allowing anybody to own a direct stake in the Libcoin projects.
Libcoin currently plans to become a key player in the in global lithium-ion battery market which are a key component of the electric vehicles market. Leveraging the growing demand of this industry, Libcoin aims to start multiple giga factories of lithium-ion batteries funded by capital raised with the LIB token.
25% of the profits raised from battery factories will be used to burn Libcoin. With maximum LIB supply capped at 500 Mn, burning LIB coins will create a depreciatory pressure, increasing the price over time.
Now that’s the math that will blow your mind, but we are talking about millions to be used to burn LIBs every year.
The Libcoin team have their product roadmap in place and are planning to start the sale of LIB token by Q1 2022. With talks and partnerships with major battery technology in the world Libcoin is all set to launch multiple giga factories in some of the largest EV market in the world, becoming crypto powered competitor to Tesla Giga competitor.
Clear strategy and execution are set to make Libcoin one of the largest innovators in crypto and green investments. Millions are going to be used to burn LIBs every year. So, buy before the price is too high like other green depreciatory tokens and become a direct stakeholder in green energy for the future.
