ECOSTART - The New Approach To Financing Environmental Projects Using Blockchain Technology

INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

As more technological advancements are uncovered, EcoStart, a blockchain-based public distributed cryptographic platform came on board.

OVERVIEW OF ECOSTART

EcoStart is a blockchain-based public distributed cryptographic platform and TerraEcoCoin (TECO) revolutionary cryptocurrency is the core of the platform, which is generated using the Proof-of-Importance algorithm.

In addition, EcoStart is a public distributed cryptographic platform for creating applications and software solutions on an open blockchain for supportingenvironmental and nature protection projects. Our goal is to increase investment in green projects and tokenization of investment activities.

THE ECOSTART SERVICES:

Decentralized Investment Environment Fund (IEF)

Fundraising application — service for creating personalized digital tokens by initiators of environmental projects (TGE)

Crypto-messenger on P2P technology (peer-to-peer)

Service for expertise, recommendations and the formation of ratings of trust and reputation

Space Surface Monitoring Application

The system of motivation (incentives) of volunteers, initiators of environmental projects and investors

Open API and application development support for environmental projects

Ecostart will solve ecological problems using blockchain technology to create and operate a system of financing and implementing environmental projects.

EcoStart will use blocking technology to simultaneously complete several tasks: from creating fundraising services to recording information about customer trading operations and selling tokens at ICO. Thanks to the transparency aspect of key technology, customer trust in EcoStart reaches an extraordinary level.

For investors and sponsors who develop environmental projects will help improve the image and relationship of the community, and get a good investment in environmentally friendly projects. A representative from TerraEcocoin currency will be able to create master nodes and receive fixed income. Volunteers will have the right to information about the place and time of the environmental campaign. Investment funds will be made from which finance companies will be able to submit their applications to participate.

THE FEATURES OF ECOSTART

NGOs and environmental initiators Ecostart projects will provide set of tools to create own tokens. Sale issued tokens will allow to collect money for environmental projects.

Volunteers can get information about the place and time of the environmental shares.

Investors, Sponsors (Socially Responsible business) for financing environmental projects will create themselves positive image and PR, and in the case of investments in the 'green' commercial projects will receive also profit.

TerraEcocoin cryptocurrency owners, will have the opportunity to invest without intermediaries in the 'green' startups and create master codes to confirm TECO transactions, receiving a steady income.

For startups, the opportunity apply to the investment environmental fund, which is focused on financing enterprises and startups implementing environmental projects.

EcoStart and TerraEcocoin platform will give everyone the opportunity to profitably invest in environmental projects and start-ups, contribute to the preservation of our common home and at the same time make money. EcoStart offers a transparent income model to meet the users' needs and insure a sustainable income!

Applications and tools that are developed in the EcoStart project will significantly reduce the problems inherent in the traditional system of investing environmental projects can provide new business opportunities and attract capital, and investors - to access a wider range of investments.

HOW ECOSTART WORKS

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.

EcoStart uses the blocking technology to solve several tasks at the same time, from the creation of fundraising services to writing down information on trading operations of clients and to the sale of tokens in the ICO. With the transparency aspect of the blocking technology, customer confidence in EcoStart grows to admirable levels.

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 ECOLOGICAL COMMUNITY

The Ecostart platform will bring together all the members of the environmental community on a common website where users can:

Create and package environmental projects on your own or with the help of the EcoStart expert community

Collect investment in environmental projects,

Find environmental projects to invest in,

Collect investment in environmental projects,

Get real ratings of participants in the environmental community (initiators, investors, experts, volunteers).

Get objective recommendations.

Communicate using the built-in messenger

ADVANTAGES

Development of technological blockade

The attractiveness of capital to finance the project and the beginning environment

Stimulating environmental activities and supporting environmental initiatives

Attract the attention of the public, the media, business circles and the authorities to environmental issues

Promote voluntary and environmental sponsorship.

Environmental Investment Fund (IEF)

EcoStart's participation in the process of improving the world is the creation of a decentralized investment environmental fund (IEF). IEF is the main service of the EcoStart project.

The model of a decentralized organization was chosen as the target model for the fund. The fund will be managed using smart contracts, software contracts created within the EcoStart blockchain system.

Part of the commission from the TECO transactions is sent to the environmental fund. IEF will finance green projects on various environmental topics.