As the environmental impact of cryptocurrency ecosystems increasingly comes to the fore, non-profit ReFi ecosystem Evadore is adopting a vision to reduce carbon emissions in the world.
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Evadore, a non-profit regenerative finance (ReFi) ecosystem, is taking action to reduce global carbon emissions. The Evadore ecosystem, developed by EvaLabs, will work to harness renewable energy sources and promote the global use of renewable energy with its products called Eva Chain, EvaStore, EvaPay, GreenWallet, EvaForest and CarbonEva.
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Blockchain-related carbon emissions and the environmental impact of cryptocurrencies are increasingly coming to the fore as the world teeters on the brink of a green transformation. “Data from the University of Cambridge estimates that Bitcoin will emit around 62 megatons of carbon dioxide equivalent each year at the current mining rate,” says EvaLab’s Community Manager Timothy Walker, adding: “This is equivalent to Serbia’s total carbon emissions in 2019.”
Aims to use the income for a greener future
Founded as a completely non-profit organization, EvaLabs uses the revenue it generates from its projects, excluding blockchain costs, to carry the world forward towards a greener future. EvaStore, the network project product that takes on the task of ending the climate crisis with the power of cryptocurrency and blockchain technologies, aims to transfer the carbon credits purchased to projects aimed at reducing carbon emissions.
EvaForest aims to grow forests around the world to reduce carbon emissions, while GreenWallet aims to provide cryptocurrency investors with a sustainable and multi-currency cryptocurrency wallet. EvaLab’s EvaPay solution aims to create a first-class eco-friendly payment technology for cryptocurrency, while the CarbonEva app allows users to calculate their daily carbon emissions and receive tips to reduce this impact. All transactions in the Evadore ecosystem are performed on the Eva chain blockchain.
Countries’ economic systems centralized under ReFi
ReFi, one of the concepts that emerged with the development of financial technology, is known as a financial system that aims to improve the world. Positioned as a ReFi initiative, Evadore plans to take a leading role in the transition of finance to a sustainable and inclusive form.
Noting that they aim to help countries centralize their financial systems under ReFi, Timothy Walker says: “Focusing on sustainability, social justice and environmental responsibility, ReFi’s enabler is blockchain, which is a decentralized, secure and transparent system with the potential. to transform various industries. And EvaLabs will be the pioneer in this transformation.”
Evadore uses almost all of the revenue it generates from the transactions in its ecosystem to finance the processes that encourage the use of renewable energy sources for the power needs of companies and governments around the world. Visit the whitepaper link to learn more about Evadore.
Contact information
Avoid
Timothy Walker
the company’s website
https://evadore.io
See source version on newsdirect.com: https://newsdirect.com/news/refi-startup-evadore-offers-an-end-to-end-environment-friendly-blockchain-ecosystem-782582316
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