One unbelievable thing Poseidon is doing is that they are working with the famous ice cream company Ben and Jerry's. I love this brand of ice cream and their many many flavors because they are so tasty. This collaboration alone would be enough to have me invest in Poseidon. So, if you go to the London shop of Ben and Jerry’s, each scoop of ice cream you eat provides one penny to the forest conservation projects of Poseidon! Money collected goes into carbon credits and those go into the project for forest conservation. That one penny is from the ice cream company but at the register, the customers are asked if they want to pitch in, and many people donate way more than one penny to match the Ben and Jerry's contribution. A lot of ICOs do not have any product yet, let alone working with such a large company. So, this collaboration alone separates Poseidon from the pack. The Poseidon Foundation is using Stellar blockchain (XML), which I believe is the first time I have seen to be used by a token, especially in the environment space. I am working for the environment panel in the EU and we have been trying to get research projects that have a large impact. Poseidon is interesting and different from other blockchain projects in the climate change business not only because they are using stellar blockchain instead of the usual ethereum blockchain, but also they are doing forest conservation through retail integration. This is original and innovative because as far as I know, it has not been done before. The reason Poseidon is using Stellar because it is the most environmentally friendly blockchain. The Poseidon platform is already live and they have already protected over 22 million trees! This is unbelievably different than most ICOs who do not even have a product yet. This platform reminds me of Fluz Fluz which had a lot of customers in a Latin American country already and Bob’s Repair, which had about 50 000 customers already. Both are successful ICOs and they continue as successful companies with very good token value. I believe Poseidon will do the same and continue as a successful company and its token value will be increasing in time. Check out this 22 minute pitch video that explains Poseidon: Another thing I like about the platform is that it is non-profit, which is fitting for an environmental company. After all, they are working for a noble cause. The Poseidon gets the highest quality forest conservation carbon credits. The carbon credit is defined as a permit which allows a country or organization to produce a certain amount of carbon emissions and which can be traded if the full allowance is not used. They have a parent company, which produces a yearly impact report for Poseidon. This is great because I can be sure, as an investor, that Poseidon will have to work in order to provide the necessary impact their boss company asks for. In addition, they have an independent verifier and validator for their projects. This makes me trust the company further because they will work extra hard to satisfy all the regulatory requirements. This is an innovative company because their monitoring for the forest areas is high tech and it is cutting edge, as they use satellites and remote sensing for that purpose. As you would expect, a major cause of deforestation is the people living in the forest areas who do not have a job. Instead of giving them fines, these companies provide work for them in the form of fair trade coffee, milk, cocoa, and other products, which help save the forests in that area. Instead of cutting the trees, people do these jobs and everyone is happy and the situation is sustainable. Website: https://poseidon.eco/
Twitter: https://twitter.com/Poseidon_NGO Let's Connect: https://twitter.com/BitCoinBanka https://bitcointalk.org/index.php?action=profile;u=1114493 https://bountyhive.io/r/ridertiger
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AuthorI work for REA as rapporteur and Vice Chair, evaluating projects. Now I am reviewing ICOs using a positive language. Nothing fancy or academic here, just your everyday language. Archives
January 2019
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