For a while now, the conversation on climate change has been centered on creating innovative solutions to reduce carbon footprint and push the globe towards sustainability and sustainable development. With many countries grappling with the effects of climate change, many governments have invested in the climate sector and are set to bring forth a new era of low carbon emission to save the planet. Part of the solution to this problem is the migration from the use of fossil fuels to electric energy to power vehicles. This solution has given rise to EVs(Electric Vehicles). Gas pumps are now being replaced with electric charging stations for EVs. It is important to note that the EV charging sector is a $14.5 billion industry and is set to grow to $120 billion by the year 2030. This tremendous growth could generate many opportunities for investors. However, this industry is based on a centralized model but the situation is about to change as more companies within the crypto industry start to take interest in he sector.
The events surrounding the climate change and the subsequent conversation on the role of blockchain in mitigating its effects has given birth to a new crypto startup called C+Charge. The startup is focused on utilizing the power of blockchain and web3 to give rise to a cleaner and carbon free future. With the help of green technology, the crypto startup is set to make electric charging accessible and equitable for everyone.
C+Charge has already entered presale with a huge number of investors and potential users taking interest in the project. The startup has already raised $2.8 million. In a nutshell, the project is centered around rewarding its users with carbon credits. These carbon credits are obtained when users utilize a peer-to-peer(P2P) payment system to pay for the charging of their EVs. This major undertaking could revolutionize the EV charging industry towards simplicity and efficiency while at the same time making it rewarding in a manner that will cause a shift in the motor vehicle industry towards EVs. This shift is what some would call killing 2 birds with 1 stone. By onboarding consumers onto the platform, the company will manage to make huge profits and at the same time reduce the carbon footprint of fossil fuels.
The project has been built and anchored to the BNB Binance Smart Chain with a native $CCHG token that will serve as a utility in the ecosystem. This design is in compliance to industry standards within the EVs charging industry. This standard, OCPP 2.0, is universal in an effort to make compatibility across other systems easier. C+Charge plans to connect over 1.8 million stations globally to its chain. This chain will then allocate wallets to users who will pay for the charging services at the stations with $CCHG tokens. After the payment system is set up, C+Charge will then connect its users with carbon credits. With the aid of its decentralized application, the startup will track its users’ charging usage at the stations while allowing them to collect and accumulate carbon credits. According to the company, it will reserve 1% of its total transactions volume to this carbon credits program. These tokens arising from the 1% reserve will then be re-distributed to users’ wallets when they use the EV charging stations to charge their Vehicles.
The company, through their management team, took to twitter to announce that their presale will come to an end in less than 22 hours. After the presale is over, the company is set to launch its public exchange and go live on March 31. With a long roadmap towards eco friendly crypto, the startup is set to partner with charging hardware manufacturers so as to acquire its own electric chargers. Currently the company’s $CCHG token is selling at $0.02.
This is yet another illustration of the immense power blockchain has in revolutionizing industries across the board. The combination technology and philosophy creates an explosive recipe for top of the line innovations.
