Cryptocurrencies have taken over the world like an unexpected storm. In just a few years they have managed to grow from a shady financial tool used for questionable operations, to the way many people handle their finances. A dividing topic for sure, the fact remains that cryptocurrencies are here to stay and something has to be done to work out the problems created by their excessive energy consumption.
One Step Forward, one setback
As digital currencies have become a big deal around the world, one fact remains unchecked: their advantages as a financial tool are just compared to the environmental issues they generate because of energy consumption, the total amount of cryptocurrencies operations handled around the world daily consume close to 64,500,000 KWh. That’s a lot of coal and fossil fuels consumed for a day’s work. This, of course, means an exponential rise in air pollution and general contamination if we consider for a minute that at least 80% of the cryptocurrencies transactions take place in mainland China.
Envion: Breaking the cycle
A team of cryptocurrency enthusiast has taken notice of these issues. They also have realized that the current conditions of cryptocurrency trade are not aligned with the best interest of our planet’s health. The team lead by Matthias Woestmann has created Envion, a new ICO that is ready to take over the cryptocurrency world by offering massive upgrades on the handling of mining operations. The Envion token is currently positioned to open their ICO offering on December 15, but they have already achieved quite a few developments to make Envion work the way it’s meant to.
First of all they have intentionally avoided centralization of their operations by developing Mining Mobile Units (MMU) that work with low cost energy settings. This gives them a head start and the ability to reduce risks on the investment of token holders by offering the possibility of walking away from any sort of dependency from power companies and governments. This doesn’t come off as an unwillingness to work within the system, but the team behind Envion is committed to the betterment of the world. They are ready to work with established wind, solar and hydroelectric companies for their power needs by rechanneling their excessive production and redirecting the thermal energy generated by their MMU’s mining operations to facilities that may have need of it.
Envion’s unique cooling system has been developed to make sure that the operation keeps running 24 hours a day and 7 days a week.
The Offering
Envion will open their offering on https://envion.org/ with the distribution of 150 million EVN tokens based on ERC20 protocols at a rate of $1 per token. 83% of that amount will be offered to investors, the founders will handle 10%, 5% will be kept as a company holding to finance the operation and the final 2% will work as part of a bounty program.
The offering will be open for 30 days and after that period no additional tokens will be created. Token holders will be given voting rights and the ability to participate in operative decisions of the company. By making such a public offering Envion is giving the chance to anyone willing to participate in a revolution for the future of blockchain technology, by laying the foundations of a new way to approach the mining process of digital currencies with fast-mobile and low-cost options that will keep the environment safe.
For more information, please check https://www.envion.org/en/ and the Whitepaper.