Although cryptocurrencies have provided an unrestricted economy that is lifting millions in third-world countries out of abject poverty, this new financial system comes with severe environmental concerns. According to Business Insider, "In 2020, the US — where 35.4% of Bitcoin mining takes place— created .85 pounds of carbon dioxide per kWh. This results in nearly 40 billion tons of carbon dioxide produced by US Bitcoin mining alone."
Pulse Oxygen Foundation has proven it is possible to have an eco-friendly cryptocurrency.
At Pulse Oxygen, you will be able to buy, sell, hold, invest and exchange real world carbon credits in a reliable, safe and sustainable way.
Thanks to Pulse Oxygen, you will be able to participate in the first carbon bonds market, through our backed tokenized Carbon Bonds.
Not to be confused with the bonds from Chemistry class, Carbon Bond is your typical corporate bond. It is how Pulse Oxygen raises money from its investors.
What are the perks of this Carbon Bond? The company makes itself clear on this: investing in Pulse Oxygen is not to be motivated by profit, rather it is a sign of your commitment to combating climate change. That's why your contribution is called a sacrifice. It is with these contributions that the company can organize promotions like airdrops in pledge to the cause.
Backed Carbon Bonds are essential in order to build Community trust, this is why Pulse Oxygen claims they have backed all their emitted Carbon Bonds 1:1. So you can hold, sell or buy whenever you desire, always with a real backed asset.
A spokesperson for the company gave us a statement: “We expect interest in the VCM to keep growing, boosted by an increasing number of companies worldwide taking on carbon neutrality goals and other climate commitments that involve the use of carbon offsets."
Pulse Oxygen is focused on delivering access to everyone on Pulse Chain to the Carbon Bonds Market, tokenizing these new assets and providing an easy to use platform. Within the context of blockchain technology, tokenization is the process of converting something of value into a digital token that's usable on a blockchain application. This would enhance the liquidity, it would lead to faster and, therefore, cheaper transactions on the network and would also enhance transparency and provability.
It is inevitable that blockchain technology experiences a massive growth like the kind we see now, so there are a lot of startups developing, investing and starting to see all the potential that cryptocurrencies can add to our economy and, as a direct result, to our daily lives.
Pulse Oxygen Platform is currently being developed, it is planned to be a Cross-chain platform, currently evaluating three chains: Binance BEP-20, Polygon and Avalanche.
Pulse Oxygen wants to promote renewable energy sources, decelerate climate change and let people have access to all carbon bonds markets.
Also rewarding Pulse Oxygen investors with financial tools that allow them to hold green assets in their investment portfolios, trade them, stake them and obviously earn with or from them.
On the Pulse Chain, the native token, PO2 can be acquired in multiple fractions, up to 18 decimal places, thus managing to fragment and democratize the holding of carbon bonds, each one contributing their grain of sand in the fight against climate change.
PULSE OXYGEN backed up 1:1000
During the launch, which, as we mentioned earlier, started on the 15th of May, you will be able to sacrifice your token. In Pulse Oxygen sacrifice for every $1 you will receive 1000 points. After 30 days for every $1 you will receive 1000 points minus 1% until we get to the end of the sacrifice event.
A carbon market allows investors and corporations to trade both carbon credits and carbon offsets simultaneously. This mitigates the environmental crisis, while also creating new market opportunities.
Renewables made up 29 percent of global electricity generation by the end of 2020. Led by wind power and solar PV, more than 256 GW of capacity was added in 2020, an increase of nearly 10 percent in total installed renewable power capacity, and global carbon market value surged to record $851 billion last year. You can't make this up. But the data is not really clear if these investments have paid off.
The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record 760 billion euros ($851 billion) last year, according to analysts at Refinitiv and verified by Pulse Oxygen Foundation. It seems everyone is breaking the rules maybe because alternative energy sources are not giving off the same output.
Most of the increase in permits came from the European Union’s Emissions Trading System (EU ETS), which launched in 2005 and is the world’s most established carbon market.
It accounted for 90% of the global value at 683 billion euros, the annual Refinitiv Carbon Market Year in Review showed.
Prices in the EU ETS ended 2021 at more than 80 euros a tonne, more than double the price at the end of 2020, on expectations that a more ambitious EU climate target of reducing emissions by 55% by 2030 would lead to a tighter market.
Added to that, soaring natural gas prices from the fourth quarter led to more coal power generation, spurring demand for permits and making them more expensive. The analysts expect gas prices to continue to impact EU carbon permit prices this year.
“More expensive emission permits hit coal power plants relatively harder than gas plants, but because of the soaring gas prices in the second half of 2021, coal generation was still more profitable,” lead carbon analyst at Refinitiv disclosed to us.
Emissions trading schemes, or carbon markets, are market-based tools meant to limit greenhouse gas emissions. They put a cap on the amount countries or companies can emit, and if they exceed those limits, they can buy permits from others.
Permits in those schemes rose in price by 70% over the course of last year and traded volumes also hit record highs because the caps on the schemes are much tighter through 2030 than to the end of 2020.
Let's take a quick look at the pros behind Pulse Oxygen:
Thomas Porter, CEO of Pulse Oxygen
Thomas Porter serves as the Finance Manager. He earned his undergraduate degree in Business Administration from Shepherd University as well as an M.Sc in Business from Johns Hopkins University.
Jean Dupon, also CEO, Pulse Oxygen
Jean has spent 13 years working on behalf of the environment and climate change, starting at the EPA's (Environmental Protection Agency) energy star programs and including managing programs in Central and Eastern Europe for the Alliance to save the planet.
Kyler Shäkton, the Chief Technical Officer of Pulse Oxygen
He develops, grows and maintains relationships with carbon-free business partners. Kyler primarily works with other businesses to ensure that Pulse Oxygen programs meet their climate change mitigation.
Ammy Svënson, CMO, Pulse Oxygen
Ammy is an expert on environmental finance with over a decade of experience in business development, project management and advancement of innovative market-based strategies focused on climate change mitigation.
Zahira Vega, Chief Relations Officer, Pulse Oxygen
Zahira's role at Pulse Oxygen is to help drive engagement through online blogs, social media traffic, email newsletters, customer support and any special project that comes along.
Pulse Chain, due to its new ecosystem, is attracting the interest of a lot of heavy wallets, including Binance Smart Chain. BSC can help solve many of their early liquidity issues, as this chain is powered by one of the most important CEX (Centralized Exchanges).
For internal Software, they use Energy Web Chain in order to run Pulse Oxygen Software. That's how they can assure that they are leaving a zero carbon footprint while promoting and adopting blockchain technology.
In case you were wondering:
What will be the token supply of Pulse Oxygen?
Well, the supply of Pulse Oxygen will be determined by the total value in USD that is sacrificed. All Pulse Oxygen Tokens will be minted shortly after sacrifice.
You might also ask: How much will PO2 be worth?
At Pulse Chain launch, they will be worth nothing, only the markets can dictate the value of an asset. No one knows how much the first exchange will be. We have cause to be optimistic though as your sacrifice you go a long way.
Another equally important question: What tokens can be sacrificed?
Pulse Oxygen dropped an address on their website that will accept ETH and the following ERC-20 tokens: HEX, WBTC, USDC, DAI, USDT, other EVM chains that will be accepted are Binance BEP-20, Polygon and Avalanche. Accepted tokens on these chains are USDT, BUSD, USDC, BNB, AVAX, and MATIC.
Take the big step now and watch for a cleaner world together with the PULSE OXYGEN Foundation. We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called CRYPTOPRNR; get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.