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|
|74 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|
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.
Vectorium is a utopian project that has a very good and noble idea at its core, which is almost impossible to implement into practice. The reason for that being not the Vectorium’s inability to properly organize the processing of waste to energy with the subsequent crypto mining. That would have been easy, and I am sure that they’ll raise more than enough funds. But let me assure you, that Vectorium will face a ferocious bureaucratic opposition every little step of the way. From land renting/purchasing to compliance with regulations concerning crypto mining, the authorities won’t give them a breathing space. Eventually, Vectorium will fold, which would be a pity.
I am in full support of any initiative that offers the possibility of saving our environment. Vectorium has a solid overall concept, and the tech background of both their coins is good. Vectorium Flash presents an interesting option for miners who aren’t ignorant of the issues that concern the environment. But while it all looks good on paper, I am a bit concerned about the practical aspects of realization of Vectorium Islands. The whitepaper didn’t specify how they are going to approach such aspects as logistics and regulatory norm regarding waste processing. This information needs to be made known to potential investors.
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