Blockchain Island Vectorium plans to conduct an IEO
What if you could earn cryptocurrencies through everyday waste? That’s what Estonia based project Vectorium is trying to solve.
The amount of waste generated by mankind is increasing at an unprecedented rate. This is prompted a call by the UN for a global waste management solution. The solution should be environmentally friendly, and economically feasible for widespread adoption.
Cryptocurrencies such as Bitcoin and Etherum are not really environmentally friendly. They have been constantly criticized for the amount of energy they use. In fact, Bitcoin’s blockchain uses as much energy as the country of Iceland.
Blockchain-based project Vectorium is trying to battle this problem of mankind by using blockchain technology. For every waste submitted to Vectorium, users get some coins. The waste collected will be sent to specially designed Vectorium Island which will convert waste into energy.
Vectorium Island is special places where they collectivity can produce renewable energy and cryptocurrency. These Islands produce power through a value combination of wind, solar and waste by a virtuous ecosystem regulated by blockchain and Artificial Intelligence. Vectorium Islands are based on Waste to Coin process.
Vectorium Island is able to provide different energy outputs according to the demand. An island can potentially support the following mode of energy generation.
- Electricity usable on site by means of recharging stations, (electric cars / trucks / motorcycles), for lighting, or selling it to the market.
- Thermal energy through which it supplies hot, cold and steam water to be used as needed.
- Synthetic methane can be conveyed inside ducts for networking, or used as fuel after storage in special tanks.
- Condensed water, depending on the materials used to feed the machine and their percentage of humidity, can be used for irrigation of crops or in the industries.
- Carbon and Hydrogen, being it a molecular degradation plant based on chemical, physical and thermodynamic processes, these are the result of chemical reactions that allow separation.
Vectorium also has the possibility to completely customize power island locations.
The plant is underground, with a loading system using an external trapdoor, where the material to be disposed can be poured.
- On ground
Machine positioned externally, on the ground in indoor spaces (sheds, factories etc) or outdoor with a roof cover with photovoltaic panels, increasing energy production.
- On the sea
, In this case, we find ourselves installing the Vectorium system on a ship able to dispose of the countless wastes found in the seas everywhere in the world, with particular attention to those places where sea currents tend to concentrate the greatest quantities.
- Near the sea
The commercial and/or tourist ports are suitable for the positioning of the system, photovoltaic and wind power depending on the geographical characteristics of the location.
A project scale of this sort requires a huge amount of initial investment. Vectorium plans to conduct an IEO to raise funds for the project.
Soft cap – $1.5 million (reached)
Hard cap – $7.5 million (ongoing)
Coin name – VCTP
Website – https://www.vectorium.co/
Telegram Group – https://t.me/VectoriumProject
Discord – https://discord.gg/nswHZd
Instagram – https://www.instagram.com/vectorium.social/
Facebook – https://www.facebook.com/VectoriumSocial
Twitter – https://twitter.com/VectoriumSocial
Medium – https://firstname.lastname@example.org
GitHub – https://github.com/Vectorium-project
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