A green token on a green blockchain

A green token on a green blockchain

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Pratik Chadhokar
Last post by Pratik Chadhokar (see all)

The merger took place in September 2022 and is considered the biggest event after Bitcoin’s inception in the industry. It totally changed the perception of people and regulators. Why? The entire blockchain was transferred to their Beacon Chain, their proof-of-stake (PoS) blockchain, making it a “green chain”. A latest project called MOOKY has arrived on Ethereum with a vision to help the environment.

Stage 7 of the MOOKY Presale is live

From heat waves in the Mediterranean region to floods and heavy rains in Asia, global warming has hit the world hard. Various campaigns are looking for ways to give Mother Earth her calm back to quell the fury many nations are witnessing across the globe. MOOKY envisions planting trees while bringing a community together to offset the worldwide damage.

MOOKY’s native token, MOOK, is what powers the ecosystem, enabling rewards, governance and other benefits to its holders. Their NFT collection gives holders access to the MOOKY ventures club. It comes with several benefits including exclusive airdrops, merchandise drops and more.

Stage 7 of the MOOK presale is currently live with 14.13 billion tokens still waiting to be acquired. Users can buy $193,798 tokens for one Tether (USDT). Additionally, the project has raised $662,682 at the time of writing. Apart from the aforementioned stablecoin, people can also acquire the project’s virtual currency against Ethereum.

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The project’s team is against biased activities and offers proper support to the users. They encourage people to only ask anything related to the questions officially MOOKY channels only. The crypto sector is full of nefarious actors trying to fill their pockets with investors’ hard-earned money.

People are concerned about environmental issues related to blockchain. However, this initiative uses the same technology to fight the dangers of climate change, global warming and more. This could be an example of how technology can also help the environment.

Experts believe that proof-of-work (PoW) blockchains cause damage to the environment. Crypto miners require heavy equipment, including graphics processing units (GPUs), application-specific integrated circuits (ASICs), and more. Monero (XMR), Litecoin (LTC), Dogecoin (DOGE) and more currently use the algorithm.

According to a research by the Rocky Mountain Institute, Bitcoin (BTC) uses 127 TWh of electricity annually. This amount of energy can power several countries, including Norway. In addition, crypto operations emit an estimated 25 to 50 million tons of carbon dioxide each year, almost equal to greenhouse gas emissions from diesel.

Only through collective effort can we as humans heal Mother Earth. MOOKY is a small initiative, but the project says that this is just a start. Once the desired goals are achieved, they can expand their goals to richer heights. Currently, the project is on track to plant over 10,000 trees globally.

Disclaimer

The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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