Two of the biggest afforestation initiatives taken by cryptocurrencies include those of Cardano and HUH Token
As data from the National Institute for Space Research recently showed that deforestation in the Cerrado and Amazon in Brazil is at its highest level since 2015, the Brazilian government announced that monitoring would be discontinued. Attributing the decision to a lack of funds, environmentalists around the world were angered by the measure that appeared to scream neglect.
The decision is linked to President Jair Bolsanaro’s signing of an international commitment to end deforestation by 2030 at COP26, which took place between October 31 and November 12, 2021. opportunities previously endorsed by the President.
Likewise, deforestation disproportionately threatens Brazilian indigenous communities. These tribes are totally dependent on the forest to meet their demands for food, medicine and shelter.
Despite gaining more momentum in the past year, cryptocurrencies carry the negative connotations towards climate change passed to them by their founder, Bitcoin. In an era increasingly concerned about climate change, Bitcoin’s vast energy consumption, which has been equated with Norway’s annual consumption, has come under fire.
Elon Musk withdrew his own Bitcoin investments considering the issue worrying and is reportedly working with Dogecoin developers to make the meme coin greener. Considering Musk’s colossal impact on the cryptocurrency market, altcoins are vying to become greener to escape Bitcoin’s stigma as well as attract more investors.
Two of the biggest afforestation initiatives taken by cryptocurrencies include those of Cardano and HUH Token. Both run on proof-of-stake networks, which are an eco-friendly alternative to mined cryptocurrencies. Cardano dedicated himself to the cause by launching his own non-profit foundation (aptly named The Cardano Foundation).
According to its website, the foundation aims to pave the way for decentralized economic empowerment by collaborating with regulators in different jurisdictions to define blockchain business legislation and standards, while empowering the Cardano community to use the Cardano protocol to address the challenges of the blockchain. real world.
The Cardano Foundation recently achieved its first goal of planting 1 million trees. Frederik Gregaard, CEO of Cardano, stated on Twitter that the reforestation initiative is intended to help restore land and improve the local ecosystem. Focusing its efforts on Kenya, all trees planted must be registered on the Cardano blockchain to increase transparency and serve as public evidence of these activities.
Meanwhile, newcomer HUH Token has done things a little differently by partnering with Eden Reforestation Projects. Taking a bottom-up approach, Eden engages local communities, often in extreme poverty, to plant and cultivate trees in several countries, including Brazil.
Eden works on the coast, in the Amazon and in the Cerrado. For the Cerrado, Eden reforests lands devastated by huge agricultural fields and slash-and-burn agriculture. In addition, Eden tries to prevent desertification in the “water tank” from Brazil, which feeds the Amazon and other reservoirs.
Needless to say, Cardano and HUH Token have set high standards for the rest of the cryptocurrency market. As the climate crisis approaches humanity at accelerating speed, investors will start to prioritize cryptocurrencies which, frankly, prioritize our ecosystem. The question is, will other cryptocurrencies follow suit and start their own eco-positive initiatives?
Information about HUH Token found here:
Web site: https://huh.social
HUH Official Swap- https://swap.huh.social/