Environmental security remains a great source of concern for governments, activists, and some members of the global crypto mining community. One of such members is Vectorium, an eco-conscious blockchain project registered in Tallinn, Estonia. They have formulated an interesting concept called Waste-to-Coin, which provides for mining the project’s coin named Vectorium Flash from the industrial, municipal, and other forms of wastes, at the special locations dubbed the Vectorium Islands. The project offers another currency unit - Vectorium Plus (VCPT), which is a convertible coin that with time will become a basis for receiving dividends from revenue obtained from the successful functioning of the ecosystem of Vectorium Islands.
The essence of the Waste-to-Coin (WtC) process lies in establishing a worldwide network of secluded locations equipped specifically for producing green energy from various sources, but with a special focus on waste treatment.
The project will be focused on the collection and subsequent processing of municipal solid wastes, which would simultaneously resolve the problem of overfilled dumpsites and the uncontrolled emission of a toxic landfill gas.
Along with that, Vectorium Islands, also named Vectorium Consortiums, will accept further sources of energy, such as agricultural residues, animal, wood processing, and industrial wastes. All these materials will be carefully processed, sublimated, and then converted to either electricity, gas, or fuel for internal combustion engines. Evidently, the produced electricity will be used mainly for the purposes of Vectorium Flash mining.
As of now, the Islands exist only in the form of 3D models, though the project states in its roadmap that they have definitive plans for launching the first such Consortium this August. The next four Islands will be delivered by September 2020. Vectorium already began accepting applications from interested parties with regard to possible locations of other Islands.
As already mentioned, Vectorium is conducting the pre-sale of VCPT that will end on June 30. After that, the project will initiate several more stages of ICO, which are due to end on October 31. Vectorium has already gathered more than $600 thousand in contribution, which is almost half of the softcap. The hardcap is $300 million. The pre-sale price of VCPT is $0.7 per token. The project accepts BTC, ETH, LTC, BCH, WAVES, XRP, ETC, and USDT. There are no restrictions being imposed with regard to participation in the token sale.
|Start||September 1, 2019|
|End||October 31, 2019|
|8 days left|
|Soft cap||$750 000|
|Hard cap||$300 000 000|
|Minimum investment||1 VCTP|
|Tokens for sale||330000000|
|Accepting||ETH, BTC, LTC, FIAT, BCH, WAVES, XRP, ETC, USDT|
Vectorium Plus has already reached the softcap, which means that the project will continue its development. I assume that it is safe now to get myself some VCPT as I really grew fond of this project. The overall concept of Islands might seem overly ambitious, but so was the trip to the Moon. I am not comparing the two, just saying that the task of building a network of islands for waste-to-coin mining is feasible. My advice, keep an eye on this project as VCPT might make a splash on the crypto market once the coin gets listed on an exchange.
Apparently, Vectorium is doing well in terms of fund gathering, as they have already managed to reach the softcap of $1.5 with more than two months left before the ICO ends. So, the project has strong chances of hitting the hardcap of $7.5, which would be quite a success and also proof that the mining community strives to become more eco-conscious.
There are shitcoins, and now we’ll have the garbage coins. I’m just kidding, Vectorium Plus offers an immensely promising concept which, if realized properly, would be of benefit for both the environment and crypto mining. I don’t agree that they will face bureaucratic pressure, because the problem of unrecycled waste is an eyesore for most governments, especially the ones in the developing countries. It looks feasible to me, so I will keep an eye on Vectorium Plus.
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