ReFi startup Evadore offers an end-to-end environment-friendly blockchain ecosystem As the environmental impact of cryptocurrency ecosystems is increasingly coming to the fore, the non-profit ReFi ecosystem Evadore adopts a vision to reduce carbon emissions in the world.
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May 04, 2023 11:24 AM Eastern Daylight Time
Evadore, a non-profit regenerative finance (ReFi) ecosystem, takes action to reduce global carbon emissions. The Evadore ecosystem, developed by EvaLabs, will work to utilize renewable energy sources and promote the global use of renewable energy with its products named Eva Chain, EvaStore, EvaPay, GreenWallet, EvaForest and CarbonEva.
Blockchain-related carbon emissions and the environmental impact of cryptocurrencies are increasingly coming to the fore as the world is on the verge of a green transformation. “Data from the University of Cambridge estimates that Bitcoin will emit around 62 megatons of carbon dioxide equivalent each year at the current velocity of mining," says EvaLabs Community Chief Timothy Walker and adds: “This is equivalent to Serbia's total carbon emissions in 2019.”
Aims to use its income for a greener future
Founded as a completely non-profit organization, EvaLabs uses the income it generates from its projects, excluding blockchain costs, to carry the world forward toward a greener future. EvaStore, the network project product that assumes the task of ending the climate crisis with the power of cryptocurrency and blockchain technologies, aims to transfer the carbon credits purchased to projects that purpose to reduce carbon emissions.
EvaForest intends to grow forests around the world to reduce carbon emissions, while GreenWallet has the purpose to provide cryptocurrency investors with a sustainable and multi-currency cryptocurrency wallet. EvaLabs's EvaPay solution purposes to create a first-class environment-friendly cryptocurrency payment technology, while the CarbonEva app allows users to calculate their daily carbon emissions and receive tips to reduce this impact. All transactions in the Evadore ecosystem are carried out on the Eva Chain blockchain.
Countries' economic systems centralized under ReFi
ReFi, one of the concepts that emerged with the development of financial technologies, is known as a financial system that aims to improve the world. Positioned as a ReFi initiative, Evadore plans to take a leading role in the transition of finance to a sustainable and inclusive form.
Remarking that they aim to help countries centralize their economic systems under ReFi, Timothy Walker says: "With a focus on sustainability, social justice, and environmental responsibility, ReFi’s enabler is blockchain, which is a decentralized, secure, and transparent system with the potential to transform various industries. And EvaLabs will be the pioneer of this transformation."
Evadore uses almost all of the income it generates from the transactions in its ecosystem to finance the processes encouraging the utilization of renewable energy sources for the power needs of companies and governments around the world. Visit the whitepaper link to learn more about Evadore.
Contact Details
Evadore
Timothy Walker
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