UPCO2 is tokenised carbon credit which helps fight deforestation in the Amazon, Congo Basin and Indonesia
Towards the start of the month, Elon Musk tweeted “Hodl the rainforests!!”, implying in crypto terminology that we need to sustain and protect the rainforests for the future. Well the Universal Protocol Alliance (UPA) have risen to meet that challenge by tokenising carbon.
UPA is a coalition of leading blockchain companies which includes CertiK, Uphold, Bittrex Global, Ledger, Fifth Era, Trovio, Hard Yaka and SFOX. At the start of 2020, they launched the Universal Carbon token UPCO2, with one UPCO2 representing one year-ton of CO2 pollution avoided by a project which is certified as REDD+ (reducing emissions from deforestation and forest degradation).
Meeting Elon Musk s Challenge to Hodl The Rainforest
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Universal Gold (UPXAU) Begins Trading on Bittrex Global Powered by Infinigold
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Matthew Le Merle is co-founder and Managing Partner of Fifth Era and Keiretsu Capital – the most active early stage venture investors backing almost 200 companies a year. He is Chairman of Securitize (Europe) and CAH, Vice Chairman SFOX and an advisor at Warburg Pincus.
He is also the Co-Author of
Blockchain Competitive Advantage, a book that we highly recommend for both entrepreneurs and investors in the space that is available at Amazon, Apple, and Smashwords in hard and paperback, ebook and audible.
Recently, he has become the chairman of a new project the Universal Protocol Alliance.
It’s been nearly a year since our last interview, have you been happy with the pace of progress in digital assets and digital securities?
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SAN FRANCISCO, Dec. 17, 2020 /PRNewswire/ Today
Universal Protocol Alliance (UPA), a coalition of leading blockchain companies launches Bitcoin Zero (BTC0): real Bitcoin, net zero emissions. Bitcoin Zero is a wrapper token that consists of 1 BTC which has been rendered carbon neutral at the time of minting by the retiring of 10 tonnes of REDD+ carbon credits in the form of 10 Universal Carbon, UPCO2 tokens. Bitcoin Zero (BTC0) will be available for trading today on digital money platform The launch of Bitcoin Zero means that finally everyone can accomplish two important goals: Owning Bitcoin, while also doing good for the planet by stimulating demand for voluntary carbon credits, said JP Thieriot, CEO of Uphold. Imagine if on top of all the other benefits, crypto can be made to save the rainforests?