10 Ways LBX is Changing Crypto Currency’s Reputation
Sustainable crypto is joining the blockchain space, and the Land Betterment Exchange (LBX) is helping the environment with its green currency initiatives.
Here are 10 ways LBX is leveling the crypto game:
It’s in the School of Eco-Friendly Currency
While major cryptocurrencies like Bitcoin have deeply affected the carbon footprint, eco-friendly currencies are emerging to counter carbon emissions. These currencies, such as $LBX, have dedicated eco-initiatives. Sustainable cryptocurrency consumes less energy for its transactions and is actively reducing its environmental impact.
Matsuda said that 2021 was only “NFTs: Year One”, and that he expected the technology to “more commonplace” in the future. It is difficult to understand what Matsuda wants to convey. The letter reads more like someone copying ideas and buzzwords from other sources into a Word document while trying to reach a specific word count.
They’re Incentivizing Companies for a Good Cause
The government expects bankrupt fossil-fuel industries to remediate the land they damaged when their businesses were active. But, without the financial resources to recover such land, they’re not motivated to clean up the environment. Instead of recovering damaged land, these underbanked companies will find loopholes.
With the LBX, companies have an incentive to honor economic health. The LBX rewards these companies with tokens for every milestone of remediation achieved. Once they clean up, they’re rewarded with $LBX crypto.
LBX is Carbon Neutral
LBX offset any and all carbon output—and not in a greenwashing manner such as paying landowners not to cut down their trees but in an impactful way. They achieve carbon neutrality through remediating scarred land and giving it back to its community. These communities can turn their land into schools, neighborhoods, parks, and more. Their clean output results in a green, non-threatening environment.
It Gives the Underbanked a Clearly Defined Path
Before the LBX emerged, the government fined and penalized already bankrupt companies to clean up the environment. With $15 billion of estimated environmental liability, this negative-incentive system was not effective in promoting land remediation. Moreover, the land was continuing to disintegrate.
The LBX methodically outlines a road map that motivates bankrupt companies to clean up the environment. Its contract vets steps for restoring land, and each step comes with a token. This path ensures companies can leverage economic health. The $LBX market value and LBX Token Issuance Process was created to reflect the adept market and demand for restoring land.