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PRESS RELEASE. We work harder every year to increase production of the consumer goods that meet everyone’s needs, but in many parts of the world, water pollution, over-fishing and environmental degradation are making the job increasingly difficult (and dangerous).
The world’s population is growing and the oceans are becoming increasingly polluted.
Our oceans have become “plastic soups”.
In addition, the environmental effects of processing cryptocurrencies, due to the enormous consumption of electricity, have already been reported.
For this reason, more environmentally friendly solutions are being sought to reduce the energy impact.
Global Innovative Solutions is taking action by launching GSI, the Green Token that helps clean up the planet’s pollution (for real).
Global Innovative Solutions: The GREEN revolution
The company has undoubtedly distinguished itself from the many projects in the crypto market with an innovative and valuable initiative.
GSI finances and develops ecologically sustainable and nature-friendly activities using blockchain technology.
Essentially, it is a decentralized finance project that has loudly announced its goal to “fight global pollution, token by token”.
But how does it do it?
GSI Token: How it works
Global Innovative Solutions is responding to the pollution problem by launching GSI Token on the cryptocurrency market.
The aim is to drive its mass adoption to help save the planet from pollution while ensuring a gradual and progressive increase in the value of the token.
This is made possible by the numerous ‘Green Partnerships’.
Partner companies, such as those involved in wastewater treatment, are at the heart of the project.
In this particular case, Global Innovative Solutions acts as a broker between the partner companies and its customers.
Orders that arrive at the partner companies are taken over by them.
Global Innovative Solutions pays exactly half of the invoiced amount to the partner company immediately (by bank transfer). The other half is paid out in the form of GSI Tokens purchased on the market.
In practice, every time a request for services is taken over from the partner company, there will be a strong impact on the market and consequently there will be an inevitable increase in the price of the Token.
The focus, however, is on the actual and tangible reduction of pollution through the installation of green systems by the partner companies.
This is clearly a sign of how much the company cares about its mission.
How blockchain can help reduce water pollution
Every GSI token issued in the market is backed by concrete results.
There is no way to generate money if it is not matched by a real and tangible reduction in global pollution.
Each transaction certifies the real environmental benefit and this is recorded on the blockchain. Certification of pollution reduction is therefore documented by payment.
Only when these particular conditions are met will the owners issue the tokens.
In addition, GSI has thought about rewarding its holders:
For every ton of Co2 saved by the installation of the partner companies’ systems, 221,000 tokens will be mined (estimated amount of Co2 saved in one month).
Of these, 22% will then be distributed to holders in proportion to the amount of tokens already held.
Therefore, blockchain technology comes to our aid because through it we can verify and monitor the actual benefit that the GSI ecosystem is having on the planet.
GSI’s Tokenomics was created to not depreciate over time, in fact it is quite elaborate.
Global Innovative Solution has innovated in the crypto sector by introducing several mechanisms to prevent token loss of value.
We are talking about:
Global Innovative Solutions will reinvest 21% of the profits generated each month in the purchase of GSI tokens at market price.
In this way, the company will constantly provide liquidity, preventing the price from losing significance over time.
Unlocking at 1%
Tokens purchased in the pre-launch phase will be released monthly at a rate of 1%, in proportion to the number of GSI held in the wallet, thus avoiding depreciation and ensuring a long-term, secure, passive income.
Global Innovative Solutions will donate 2% of profits each month to charity for water purification and pollution reduction in line with the 2030 Agenda goals.
With the help of blockchain, we can now dramatically and visibly reduce the pollution of our planet.
GSI is committed to creating innovative and sustainable solutions that help people reduce waste and environmental pollution.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bitcoin continues to underperform as a general “risk-off” sentiment has investors driving toward gold as a safe haven asset.
Concerns about the Russo-Ukrainian war continue. The U.S. inflation struggles at a four-decade high and Fed rate hike fears prevail. The uncertainty extends to the world economy as a recession is expected instead of a recovery. The IMF’s managing director Kristalina Georgieva called it “a crisis on top of a crisis.”
“The war is a supply shock that reduces economic output and raises prices. Indeed, we forecast inflation will accelerate to 5.5 percent in advanced economies and to 9.3 percent in emerging European economies excluding Russia, Turkey, and Ukraine. ” The IMF stated last week.
Reuters recently quoted Commerzbank analyst Daniel Briesemann, who talked in a note about the factors that have “lent buoyancy to gold in recent days,” mentioning the “strong buying interest on the part of ETF (Exchange Traded Fund) investors” and news about the Ukraine war.
“Russia appears to be preparing to launch a major offensive in the east of the country – that is generating considerable demand for gold as a safe haven,” the analyst said.
This summarizes the “risk-off” sentiment at the moment. As expected, equities suffer as investors are selling risky assets and purchasing the ones negatively correlated to the traditional market. Thus, the crypto space is struggling alongside de stocks market and gold is rising.
Data from Arcane Research’s latest weekly report notes that it has been a gloomy year for the “digital gold.” In the first three weeks of 2022, Bitcoin sank 25% and it is still down by 18% in the year despite its slight recovery.
Similarly, Nasdaq records a 19% decline in the year, having underperformed against bitcoin “by a small margin,” notes the report, adding that “This is surprising given that bitcoin has tended to follow Nasdaq, albeit with higher volatility.”
The general fear over geopolitical and macroeconomic uncertainty has given gold the safe-haven asset spotlight once more. The asset outperformed all the other indexes seen below with a 4% gain.
Meanwhile, the currency market is performing with “the same risk-off patterns.” The Dollar has been proving its “risk-off” dominance as the US Dollar Index (DXY) is up 7%. The Chinese yuan has taken a hit over concerns about the country’s “zero-covid” policy –which creates issues for the global supply chain– and the slowing down Chinese economy. In contrast, investors have been running to the US Dollar for safety.
Bitcoin supporters usually refer to the coin as “digital gold” alleging it is a safe haven asset, and this narrative had held well while BTC had been “uncorrelated with most other major asset classes,” but the tide is shifting with the 2022 scenario as investors are rather placing the coin “into the risk-on basket”.
A previous Arcane Research report indicated that bitcoin’s 30 -day correlation with the Nasdaq is revisiting July 2020 highs while its correlation with gold has reached all-time lows.
A pseudonym traded noted that “As Bitcoin adoption goes on and more institutional investors enter the market, the correlation of BTC and stocks becomes more and more tight. That is a paradigm that the crypto world struggled to come to terms with in the past but is now more real than ever. A healthy stock market is good for Bitcoin.”
Meanwhile, the general sentiment of traders seems to be bearish, with many saying that the coin could visit the $30k level soon.
The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference.
Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs to crypto in sports and to asset allocation in Web3. During one particular conversation, titled Evolution of NFTs: Culture, Utility and Regulation, panelists had some insightful musings on the NFT market.
To put the Crypto Bahamas conference into context, Sam Bankman-Fried’s cryptocurrency exchange FTX moved its headquarters from Hong Kong to the Bahamas in Sept. 2021. It recently inked a multi-year partnership with Anthony Scaramucci’s investment firm SkyBridge Capital, and its events arm SkyBridge Alternatives, or SALT. They jointly presented the conference.
That’s why the NFT panel consisted of multiple perspectives from Tristan Yver, head of strategy at FTX U.S., Joseph Doll, attorney at Fenwick law firm, Roham Gharegozlou, the chief executive officer at Dapper Labs, and Sarah Hammer, the managing director of The Stevens Center for Innovation in Finance at The Wharton School. Zack Guzman, writer for the Meta-owned newsletter platform Bulletin, moderated.
Great to have the opportunity to speak about #NFTs & their evolution @CryptoBahamas! Excited about the many applications for NFTs & other #digitalassets, esp. for #education, #healthcare, #socialimpact. @jackshaftoes @FTX_Official @dapperlabs @zGuz #CryptoBahamas @WhartonCypher pic.twitter.com/tQVlDOb29g
— Sarah Hammer (@FinanceHammer) April 27, 2022
Gharegozlou pointed out how new the NFT market truly is when “most people have only been thinking about it for a year and a half,” making valuations “very immature.” As the CEO of Dapper Labs, the company behind NBA Top Shot, Gharegozlou recognized that “utility, rewards and the how you value and NFT is primarily based on the strength of that of the community.”
He added that a good way for an NFT collection to build a strong community is to have multiple tiers of scarcity. In the case of NBA Top Shot, at the higher price end there is extreme scarcity, but there are also millions of “common” moments so that people can “get their first NFT and see how it feels without breaking the bank.”
Tristan Yver echoed that the current valuation and pricing model for NFTs is based on a collective perception on value based on the amount of people willing to buy an asset for a certain amount. He anticipated a “movement away from this consensus view to a more unique singular view where people buy things that resonate with them rather than what resonates with a larger community.”
Joseph Doll chimed in to say that “communities need to be thoughtful about democratizing access.” There are some “massive” barriers to entry to certain projects, he said, including not being early enough or not having enough capital at the time. He questioned, “That’s not what crypto is about, right? It’s kind of about the exact opposite of that.” Democratization, he suggested, can come in the form of derivative projects at better price points.
Another important point brought up by Yver was the reality of scams, especially on Discord and Twitter. He said that “we need to move past security aspects to be able to really bring in the next large mass of users.” He recommended talking among family and friends or asking a Discord moderator to make sure “you click the right link when minting that NFT” because “wallet security sucks right now.”
Gharegozlou even said that Elon Musk, the new owner of Twitter, should use Web3 to fix Twitter’s fraud problem, just as Discord should use Web3 authentication and verification as well. “Once NFT’s are the sort of identity bridge across all these different social networks, identity and assets, authenticity, provenance,” then the system can be more resilient he added.
When asked what “main alpha” the audience should bear in mind, Doll said to engage with and be part of these NFT communities even if it’s “scary,” because getting scammed is a “part of the journey.”
Sarah Hammer, who leads the Cypher Accelerator at Wharton business school, said that the school is launching an incubator specifically for NFT projects in partnership with Dapper Labs because the “NFT model is a business model for the future.” She emphasized that the greatest way to grow and innovate in the space is to increase education efforts in order to get more people learning and working together.
Recently the Bahamian government allowed residents to use digital assets, including the world’s first central bank digital currency, or CBDC, to pay for taxes in 2022.
22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches. According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom.
This week Bitcoin.com News was sent a report from askgamblers.com that analyzes Google Trends (GT) data over the last year in order to find out what the most popular crypto assets are in the U.K. and Europe. According to the findings, bitcoin (BTC) is the most popular digital currency in Europe as it was the most searched crypto in 21 countries. BTC outpaced the competitors in the askgamblers.com study, as the leading crypto asset rules the roost in countries like Germany, Finland, Norway, Poland, Romania, and Belgium.
While bitcoin (BTC) was the top crypto across Europe, shiba Inu (SHIB) is the most popular cryptocurrency in the U.K., according to the researcher’s collected Google searches. The meme token SHIB saw a significant increase in popularity during the last 12 months. The study’s findings show SHIB commands six different countries and the United Kingdom. In fact, SHIB is huge in Russia, France, Spain, Ukraine, Italy, Hungary, and Switzerland, in terms of GT searches.
Additionally, ethereum (ETH) was the third most popular in the study capturing interest from Sweden, Czechia, Latvia, and Slovenia. Then cardano (ADA) held the fourth position in terms of GT search data, as Andorra, the Netherlands, and Bulgaria showed a lot of interest in ADA. With dogecoin (DOGE) being the most popular in the U.S., it is the fifth in Europe as the meme crypto is popular in Albania and Greece.
“With 38 million crypto users in Europe, and thousands of cryptocurrencies on the market to choose from, it is fascinating to see which one people are the most interested in investing in,” a spokesperson from askgamblers.com told Bitcoin.com’s newsdesk. “Although bitcoin is the most popular overall, the interest in shiba inu has grown to surpass bitcoin in major countries such as Russia and the U.K.”
In the U.S. research study published by Coin Insider, shiba inu (SHIB) only captured seven states across the country. Dogecoin was named the leader in that study as DOGE was the most popular in 23 states in the U.S., in terms of GT searches. SHIB’s popularity in the U.S., according to the data in that specific report, was ranked the fourth most popular crypto in the country.
What do you think about the popularity of bitcoin in Europe and the shiba inu interest in the U.K.? Let us know what you think about this research study in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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