During the course of the previous century, the repercussions of global warming have rapidly developed and caused visible destruction. The natural environment is deteriorating at an accelerated rate as a direct result of the prevalence of economic interests, which nearly invariably take precedence over environmental considerations.
Blockchain technology is an ideal solution to counter rising global warming. In this regard, the Save Planet Earth crypto project has come up with a potential solution. The Save Planet Earth team decided to adopt blockchain technology because it is accessible all over the world and because it makes everything completely open and verifiable for all parties involved.
What is Save Planet Earth?
Save Planet Earth is a blockchain-based coin created with the carbon reduction mission in mind. The platform intends to address climate change and global warming through the development of numerous projects. According to its whitepaper, the asset intends to set attainable carbon sequestration goals by adopting activities such as reforestation, renewable energy, afforestation, avoiding fossil fuel, and recycling, among others.
The network intends to achieve these objectives by combining business and public interest with innovative finance structures. The Save Planet Earth crypto project intends to establish a carbon credit market enabling individuals and businesses to offset their carbon footprints in exchange for blockchain tokens while ensuring that everything is verifiable and transparent.
Save Planet Earth’s objective is to provide cost-effective, easy, and efficient methods for enhancing carbon separation and building effective emission control systems. With this, the platform intends to combat global warming and maintain climate change within reasonable parameters. Additionally, the network strives to be self-sufficient in order to fund its environmental projects and compensate its traders with the proceeds.
This profit can be made through a variety of methods, such as revenue from projects, the sale of certified carbon credits, merchandise sales, tree-based products, and corporate use of its tree tracking program. Blockchain technology unites the world and contributes to the development of an effective and united global economy. Sadly, a significant amount of blockchain technology continues to rely on carbon-emitting energy sources. Consequently, one of the network’s objectives is to entirely negate carbon emissions using blockchain technology.
SPE is a utility token developed for carbon credit trading by Save Planet Earth. This digital currency is built on the ERC-20 and BEP-20 standards, and it contributes continuously to ongoing environmental efforts. BEP-20 is a token cap that extends ERC-20 network standards on Binance Smart Chain (BSC). On this platform, organizations and individuals hope to be able to acquire certified carbon credits using SPE tokens. In addition, SPE coin aims to establish its own green launching pad for other environmental cryptocurrencies.
The Save Planet Earth crypto project’s objective is to provide simple, cost-effective, and efficient ways for enhancing carbon sequestration and implementing efficient emission control systems. These projects will help combat global warming and maintain climate change within reasonable parameters.
SPE will implement global activities to prevent global warming, increase carbon sequestration operations, and promote the international acceptance of SPE. Save Planet Earth will be totally self-sufficient, as it will support its environmental programs and compensate its investors with the earnings it generates through a variety of activities.
SPE considers blockchain technology as the technology of the future because it unites the world and contributes to the formation of a united, efficient global economy. Save Planet Earth is also in the early phases of constructing a green blockchain to aid in this quest. This blockchain will be carbon negative and will be used primarily for the verification of certified carbon credit offsets and as an environmentally beneficial means of worldwide financial transfer.
Imran Ali is the founder and director of the Save Planet Earth crypto project. He holds a Prince II Practitioner certification and an MBA. Mr. Ali has more than ten years of experience in top management positions and has worked for high-growth companies including Citibank, the National Health Service of the United Kingdom, and several foreign governments.
Dr. Priyantha Wijesooriya is the Save Planet Earth crypto project’s senior technical advisor. An energy expert educated in the United States and Sri Lanka (B.Sc and M.S in Energy Engineering, Ph.D. in Resource Economics and Inter-generational Equities). Dr. Priyantha, a Rotary Foundation Scholar at the University of Massachusetts, is a pioneer in renewable energy projects and sustainable development.
Other team members include Prof. Mohan Munasinghe (Carbon Consultant), Sanith de Silva Wijeyeratne (Carbon Consultant), Aseef Khan (Head Developer), Sajid Salih (Project Manager), Chris Brooke (Recycling Director), Prof. Rahula Attallage (Technical Advisor), Dr. Iftikhar Bokhari (Technical Advisor), Dr. Graham Walwyn (Technical Advisor), and Prof. Waqar Ahmed (Technical Advisor).
What This Project Does – Main Occupation
The Save Planet Earth crypto project is a UK-registered corporation and global project devoted to the development of a variety of programs to tackle global warming and climate change. To delay and eventually reverse the consequences of global warming, SPE must create realistic carbon sequestration targets through afforestation, renewable energy, soil regeneration, and improved marine climate management.
These initiatives will be completed with the help of increased public interest, corporate involvement, and novel finance structures. The team will provide the SPE cryptocurrency directly to investors using blockchain technology. Once certified, it will establish a carbon credit market, making SPE a viable investment option for organizations and people looking to offset their carbon footprint.
The improved SPE contract went into effect on 1 November 2021, following a successful audit. Despite achieving a perfect score of 100 percent on its Certik audit, the Save Planet Earth crypto project relocated after the majority of its community supported it. As the previous contract was renounced, the fundamental improvement of the new contract is that future adaptation will be less constrained.
Migration has unlocked the possibilities of the project and enabled SPE to enhance several aspects of the contract, including the denominations. For continuity, SPE began with a maximum supply of 1 billion but burnt 407 million tokens to equal the entire supply of its previous contract.
In addition, each transaction will result in the destruction of SPE, as would its carbon credit use case. Save Planet Earth has other ambitions for its updated contract, including interconnection with various blockchains. 1 billion maximum supply (592,000,000 total supply as of writing this).
The Save Planet Earth crypto project’s roadmap has been updated to include a carbon-negative blockchain native to SPE. It will be a blockchain that is completely powered by renewable energy sources. The SPE Chain (SPEC) will be utilized primarily for the platform’s verified carbon credit ecosystem and as a low-cost, environmentally responsible method of sending money anywhere in the world. SPE also offers swapping options with its SPESwap platform.
The Save Planet Earth crypto project will also introduce staking once its green blockchain and carbon credit market have been completely constructed and made available to the public, and once its numerous efforts begin earning funds. Save Planet Earth is also focusing on an opportunity to foster its very own environmentally oriented IDO launchpad community – the SPEPad – for other crypto-based startups aiming to have an impact on global warming. This introduces an additional use case for SPE and will grant holders access to private sales for each of SPE’s projects.
Since Save Planet Earth is employing blockchain technology, it is now instantly accessible to anyone, wherever in the world. When blockchain technology is used in more places, there will be a significant opportunity for expansion. Additionally, the NFT system itself makes it possible to implement novel techniques for the binding of carbon credits. This makes the Save Planet Earth crypto project a promising initiative. The platform shares regular updates on its official Twitter account.