Scotcoin, Scotland's first cryptocurrency, uses blockchain technology to support social and environmental projects. The company has achieved carbon-neutral status, engages in poverty alleviation efforts, and is due to be listed in Q4 on a Tier 1 cryptocurrency exchange.
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Scotcoin, the first ethical crypto, was established in 2013. It focuses on using blockchain technology for social and environmental projects, emphasising sustainability and ethical practices.
Scotcoin’s goals align with the growing interest in cryptocurrencies that serve broader purposes beyond financial transactions. Temple Melville, CEO of The Scotcoin Project CIC, commented, "The use of Scotcoin will change the financial landscape for the better. Our purpose is to use our crypto to do good.’
The company’s projects focus on addressing environmental impacts and supporting community-driven initiatives.It addresses food and clothing poverty through partnerships with various organizations locally and internationally. As part of its community engagement, Scotcoin has sponsored sports franchises in the UK to promote awareness of its initiatives.
Scotcoin has become carbon-neutral by offsetting its environmental impact. It compensated for 100 tonnes of greenhouse gas emissions, addressing the common criticism that cryptocurrencies harm the environment.
Aligning with the crypto industry's increasing emphasis on sustainability, Scotcoin operates on the Ethereum main net. Its energy consumption is approximately 0.0004 kW per unit, and it has also introduced a carbon offsetting service to further reduce its environmental impact.
The first property in Scotland to be purchased using cryptocurrency was transacted using Scotcoin.
Scotcoin intends to list on a selected Tier 1 crypto exchange in Q4 and expects to increase its market presence and scale up its impact(s) as part of an ongoing campaign.
About Scotcoin
Scotcoin was established in 2013. It uses blockchain technology to support social and environmental projects, focusing on poverty alleviation and sustainability. Scotcoin contributes to the circular economy by collaborating with preferred commercial partners. It does this by acquiring surplus stock for Scotcoin and distributing those products to those in need.
Contact Info:
Name: Jonathan Richards
Email: Send Email
Organization: The Scotcoin Project CIC
Website: http://www.scotcoinproject.com
Release ID: 89144597
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