ECOTERRA is the native token of the Ecoterra ecosystems. It is also a crypto currency that can be used in various transactions. This system is part of the Ethereum ecosystem and is therefore supported by its cryptowallets. It has created lots of buzz around its presale events and the fact that it has a noble environmental conservation idea.
Besides, it provides businesses and authorities with variable eco-data to help enhance their environmental conservation initiatives. The costs of transacting with the native token are also a fraction of what it would cost to transact on the native Ethereum blockchain.
A Bit About ecoterra
Ecoterra is a cryptocurrency project that is powered by a token called ECOTERRA. The project blends Web 3 solutions with blockchain to cater to the environment. The token caters for the monetary part of the project with its Recycle-to-Earn platform. With it, people get rewarded for recycling their waste to fight climate change and global warming.
This is a ground-breaking project that plans to actively involve individuals and corporations in making the earth greener and cleaner. It is used in programs that involve taking care of the environment. Corporations and authorities can use it to reward individuals who recycle. It also has the potential to be used for transacting carbon credit marketplaces and any other green initiatives around the globe.
The world's most ambitious recycling project has its own token!CryptoLists.com
ECOTERRA works with reverse vending machines. Users can deposit plastic bottles and cans and get financial rewards as they do so. The amount of financial reward one gets is dependent on the volume of eligible waste that one deposits in such machines.
The rewarded token can then be used to buy and sell items across the globe. There is a mobile app where users can find the nearest reverse vending machine and their earnings in the ecosystem. The transactions made with the token are transparent, safe, and decentralized, thanks to the underlying Ethereum blockchain.
Utility of ecoterra?
Ecoterra (ECOTERRA) is a cryptocurrency primarily centered on environmental conservation. It is designed to incentivize users to participate in recycling and environmental initiatives. The innovation aims to combat climate change and global warming by encouraging users to recycle and engage in eco-friendly activities.
When you hold the coin, its value could appreciate over time and potentially give you some profit. It is also a practical coin that can be used for transactions on the internet. Holders of the coin also take part in various initiatives to take care of the environment. Therefore, anyone using the coin could be potentially taking care of the world around them.
ecoterra Price detailsETH Contract address: 0x982b50e55394641ca975a0eec630b120b671391a
›› Details & Tokenomics
›› ECOTERRA tokenomics and social media
Advantages of ecoterra+ This token supports initiative to keep the world around us greener.
+ The coin is supported by a secure Ethereum blockchain, which makes it safe to transact with.
+ ECOTERRA can be used for transactions meant to buy and sell goods on the internet.
+ The noble project has received support from several corners around the globe.
+ Ecoterra token has the potential to increase in value.
Disadvantages- ECOTERRA can cause substantial financial losses if the price suddenly drops.
- The cryptocurrency market is often less regulated than traditional financial markets.
- ECOTERRA may face challenges in gaining adoption in a highly competitive market.
- It has limited use cases, which can hinder its long-term adoption.
Costs▪ Rated at 9/10
The costs of transacting with ECOTERRA oscillate between 0.05% and 0.1%, depending on the congestion of the system. As the coin is just getting started, there have been notable cases of network congestion.
The gas fees are way lower than those you get charged to transact on the base Ethereum platform. Therefore, transacting with the coin lowers the amount you will have to spend in gas fees.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 9.5/10
The Ecoterra project has garnered wide visibility and attention due to its unique idea of using rewards to motivate people to start taking care of the environment. For this reason, the news about the coin has spread across cryptocurrency forums, with most participants taking up the idea.
The idea has also been picked up by organizations promoting a greener and cleaner environment. This groundbreaking innovation has a positive buzz around it, which has led to a high number of adopters. There are also organizations hyping up the pre-sale events, thereby creating additional awareness.
Can you use ECOTERRA to buy goods and services?
Yes, you can use ECOTERRA to buy goods and services. The coin can be transacted as a utility coin on any platform that accepts it. The value of the coin for a transaction is determined by market forces. As the coin gains traction, there will be several outlets that will be willing to accept it in exchange for goods and services.
Is buying ECOTERRA a good investment plan?
Yes, buying ECOTERRA is a good investment plan. The coin has the potential to gain value as the days go by. However, like any other cryptocurrency, it is subject to market forces that may cause some volatility. Therefore, you should proceed with caution when buying the coin as an investment.
How many ECOTERRA tokens are there?
The total supply of ECOTERRA tokens is 2 million units. Half of the units are the working capital that the platform will use to boost its liquidity as well as market share across different networks. The rest will either be earned or bought on crypto exchanges.
Can you mine ECOTERRA coins?
No, you cannot mine this coin. It is an ETC-20 token that is built on the Ethereum blockchain. All tokens of this nature are not mineable like the traditional ones. Instead, you only lock your tokens to the platform using the staking option so that you can take advantage of the passive return on the tokens.
History of ecoterra
June 2023 - Ecoterra maintains an active presence on Twitter (@ecoterraio), which is often used to share updates, engage with the community, and celebrate achievements. There are also several other forums that talk about the coin and the project at large.
July 2023 - The presale event of the ECOTERRA receives over $6.1 million. This shows the interest that investors have in the project.
July 2023 – ECOTERRA is launched. The token aims to reward individuals and corporations for taking part in environmental cleanup initiatives.
August 2023 – ECOTERRA continues to garner interest among investors. As more people buy into the coin, it has started gaining traction and becoming a dependable token to meet ecosystem goals.