EcoStart-Ecological startup on technology Blockchain

Cryptocurrency is a digital or virtual currency designed to function as a medium of exchange. But not only that, Cryptocurrency can be a medium that will save our planet! The EcoStart solution makes this possible.
Blockchain leading technology in the current era and at the same time global warming/environment problems are also increasing at the same speed. Day by day these problems are getting larger. Many individuals, organizations and NGO’s tried to do something for the environment but because of the lack of funds or other factors. The blockchain is the newest and fastest growing and accepting technology ever. The blockchain is the thing by which anyone can do anything.
EcoStart will be a reliable platform for creating applications for financing green projects, ecology and sharing the economy. EcoStart goal is to increase investment in green projects and tokenization of investment activities.

Defining the EcoStart project

The idea here is having the project Ecostart on the blockchain as way of contributing to the preservation of the planet. How does it go then? The platform seeks to raise funds and an ecological lottery. A portion of the funds from the lottery will be committed to financing environmental projects.

The problem often faced by those who are concerned about our environment is funding. Investment in the environment doesn’t come in a way that meets those objectives and so, the project seeks to tap into the cryptocurrency market. The main aspect of the EcoStart project will be the new cryptocurrency it’s developing, called TerraEcocoin. Part of the commission from the opearations of the coin will be channeled to the Investment Environmental Fund (IEF) for the eventual financing of environmental (green) projects.

EcoStart: leveraging the blockchain technology

In designing its local coin it will make use of Proof-of-importance algorithm. It’s leveraging the technology of blockchain because of its secured digital registry, and the fact that it will guarantee safe storage and transmission of its currency – TECO. The popularity of the digital currency is on the increase by the day as more people are discovering the prospects associated with it especially when compared to conventional money.

The platform is tokenizing the process of financing environmental projects using Token Generation Event (TGE) service to create derivative tokens and smart contracts for each startup.
By using blockchain the role of middlemen who link investors and financial applicants is completely removed and the process is made easy especially in giving access to investment services plus the fact that it brings owners of crypto into the investment process.

The platform will be created on Ecostart’s block system that will meet its requirement for cost-effectiveness, reliability, and speed. Currently, the ecosystem uses Ethereum where smart contracts at the ICO stage are written on it. The platform combines several technological solutions including applications that are already in use, into a single system.

The EcoStart Ecosystem has seen the integration of the TECO cryptocurrency to enable all ecosystem services to be carried out with it. With increased transactions and activities on the EcoStart platform, and the higher the participation of buyers and sellers of the cryptocurrency, the more benefits all participants will receive.

The development of the cryptosinger as a communication channel also opens up environmental enthusiasts to a convenient and functional mode of communication in the ecological community while ensuring maximum confidentiality and anonymity.

The project’s blockchain has the following key features:

Transactions are quick at around 100 thousand transactions carried out in a second, mobility, transparency, democracy, lack of intermediaries, energy-conserving verification protocol, the cost of transaction is minimal and finally, smart contracts accompanied by sophisticated features and tools for its design.

EcoStart is meant to solve the following problems:

There is the issue of inadequate funds for ecological activities of which the platform wants to be a point for getting money to tackle such concerns as ecological pollution, greenhouse effect and the depletion of the ozone layer.

The second one is ensure some level of confidence between initiators of ecological projects and investors. Finally, it is to bring about the growth of ecological activity and society.

The money realized from the crowdsale will be allocated for the creation of EcoStart platform and making sure it is functional.