Midas announces the listing of Carbon Zero (CZE) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is CZE and what does it offer?
Mining cryptocurrencies that utilize the Proof of Work algorithm, such as Bitcoin, Ethereum, and other popular currencies consume a significant 0.33% of the global energy usage per year. This number has only grown as the block difficulty of Bitcoin has increased, and will likely continue to climb in the coming years. When this is considered in parallel with the fact that 85% of global energy production comes from fossil fuels, it becomes clear that Proof of Work is a major contributor to pollution and other environmental issues such as climate change.
In an article published by Forbes, one analyst believed that Bitcoin alone could push the earth past the +2 degrees C mark by 2034, which would cause catastrophe. It is estimated that Bitcoin mining contributed over 69 million metric tons of CO2 to the atmosphere in 2017, underscoring its massive impact on the environment. Bitcoin mining also has a high electronic waste footprint, as the highly specialized ASIC mining machines are continually being made more efficient, so today’s equipment becomes obsolete in 1.5 years (on average), and immediately becomes e-waste, as it has no purpose other than its singular task of mining.
The Carbon Zero project is a Proof of Stake Cryptocurrency project that is seeking to build a carbon-neutral network. It is a masternode-enabled cryptocurrency that is designed to integrate the well-established carbon credit economy with the crypto economy. Its main goal is to provide an eco-friendly alternative to Bitcoin, and to become the global standard of environmentally friendly digital currency. Realizing that the goal to replace BTC completely is lofty and unrealistic, the long term plan is to steadily grow and take a significant market share of the industry, thereby cutting down the energy footprint of crypto/blockchain.
CZE is different from other crypto projects because its masternodes provide not only CZE coins but also CZT tokens. The CZT tokens are to be allocated by a smart contract on a monthly basis to CZE masternode holders, and represent one Carbon Credit, which may be traded on Carbon Credit exchanges. Each CZT token will be backed by a real Carbon Credit, which can be sold on regulated exchanges and to companies with a large carbon footprint who buy these credits to offset their emissions. It is in this manner that CZE effectively bridges two markets.
Carbon Zero is currently in the process of applying for official carbon credit certification in both the US and Europe. On the team is a licensed accountant who has produced a Project Idea Note which is currently under consideration by the appropriate regulators, initial feedback has been positive.
Team is anonymous, however discord usernames and pseudonames are available on the Carbon Zero website.
The project is managed by Carbon Zero – CZE LLC, a company registered in Wyoming, USA so team details have been made available to the US authorities. Disclosure of team details was also required by the Carbon Credit certification authorities to which the PIN was submitted. The team currently consists of 12 members, who between them have many decades of experience in the fields of Software Engineering, IT Consulting, Project Management, Accounting, Graphics Design, and Customer Service.
Where can I purchase CZE?
Can I get more information about CZE?
Bitcoin Talk: https://bitcointalk.org/index.php?topic=5049447.msg46817281
Why have Midas offered CZE to our community?
Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.