Recycling, renewable energy in focus of blockchain token sale
Recycling, renewable energy and food industry transparent supply chain management projects are the focus of a cryptocurrency token sale initiated by The Blockchain Development Company (BCDC), which is aiming to raise some £78m (€89m) from the issue.
BCDC is offering 64 million tokens through a ‘presale’ and 125 million tokens at its main sale scheduled for 21 November. Access to the sale is via the BCDC website https://www.bcdc.online/pre-token-sale, which also allows investors to buy tokens using Etherium cryptocurrency units (ETH). The main sale will last for one week, with pricing set at 400 BCDC tokens per ETH. However, purchases can be made in any currency subject to the relevant exchange rate to ETH.
Proceeds from the token sale are intended for the following projects:
- EcoChain – a blockchain based investment hub and central project comparison tool, which directly connects investors to renewable energy projects around the world, allowing them to gain long-term ROI,
- RecycleToCoin – this project, currently under development and will see BCDC tokens actively reward recycling; the company is in talks with national charitable organisations in the UK and will launch before the end of the year to allow consumers to trade in plastic and cans for BCDC tokens & eGift Cards,
- FoodTrax – an online and fraud-free tracking system from farm to store, to address concerns about levels of transparency in supply chain management in the food industry
BCDC is part of the Enterprise Ethereum Alliance, which develops industry standards and facilitates open source collaboration with its member base. It said that in contrast to a number of token offers in the market, its has been structured to ensure that investors do not need particular technology knowledge to take part. Its solution is to provide a BCDC Token Vault, which can store tokens that are purchased and which can be accessed via a simple online login. The tokens can be used to fund projects, that generate a return on investment for the investor.
Gordon Cowan, CEO of BCDC, said: “Token sales have increased in popularity due to the unrivalled success of both Bitcoin and Etherium. They have had positive and negative press across the world. We believe that investors are becoming wiser and are looking for project led token sales with a sense of purpose and a genuine plan to tackle real world issues like recycling and other environmental challenges that we are all facing across the globe.”
“We feel it is about time that ordinary investors who missed out on the bitcoin revolution are given a chance to participate in the benefits of a cryptocurrency investment, and be able to secure their investment via our BCDC Token Vault where no digital wallet setup is necessary. We’re indeed passionate about investing in initiatives that use the token investment money for the greater good. We have developed our first three projects, EcoChain, RecycleToCoin and FoodTrax, for that very reason. All three initiatives will make a very positive difference to our own environmenta and help us deliver on various humanitarian issues facing our world. Using blockchain for good and making a real difference in our world is BCDC’s objective and impacts our future legacy.”