Sustainable Recycle-to-earn Project Ecoterra Raises More Than $380,000 as Presale Momentum Grows
Ecoterra, a recycle-to-earn platform that’s rewarding users for sustainability, has raised more than $380,000 through its crypto presale.
Nearly half of that raise came in the last 24 hours as investors piled into one of the hottest presales of the year.
“We are over the moon with the surging interest in our project’s presale,” said Ecoterra CEO Mihai Ciutureanu. “Such impressive early traction is a welcome validation of our business model and vision.
“It shows we are on the right track for mass adoption as we progress in rolling out the product roadmap for our growing community in the coming weeks and months."
The project is now almost 50% sold out of its first presale stage, which offers the lowest price for its native $ECOTERRA token. For a limited time, investors can buy $ECOTERRA at a price of $0.004 USDT using Ethereum, Tether, or fiat.
Ecoterra Incentivizes Recycling with Valuable Token Rewards
At the heart of the Ecoterra platform is its Web3 app that enables users to earn $ECOTERRA every time they recycle.
Using the app, users can scan everyday packaging materials such as plastic bottles and containers. Ecoterra’s app identifies the item, calculates a reward, and then releases that reward when users deposit their materials in a reverse vending machine (RVM).
Part of the reason why investment in Ecoterra’s presale nearly doubled overnight is that the project announced major headway in its recycle-to-earn program.
First, Ecoterra announced that it has already begun integrating widely used products from well-known brands like San Pellegrino, Vittel, Dr Pepper, and Heineken into its database of scannable recyclable materials.
“We are happy to announce the first brands to be integrated into ecoterra’s ecosystem,” said Ciutureanu. “These are the first steps in building out our extensive product database.”
San Pellegrino and Vittel are subsidiaries of Nestlé, which owns more than 2,000 brands around the world. Nestlé’s brands include Maggi, Nestea, Nescafe, KitKat, Gerber, and Purina. “This is also a major milestone in moving towards forming partnerships with parent companies in the coming months,” said Ciutureanu.
Ecoterra also announced a partnership with supermarket chain Delhaize (Lion) before its presale started. Delhaize has grocery stores across North America, Europe, and Asia with RVMs where Ecoterra users can deposit their recyclables and earn rewards.
Turning $ECOTERRA into Sustainable Investment
The Ecoterra app also includes a carbon offset marketplace where users can support eco-friendly projects such as solar and wind farms. Individuals and companies can buy offsets using the $ECOTERRA they earn from recycling.
All carbon offsets available through Ecoterra are fully verified and acquired through certified carbon registries.
In addition, the Ecoterra offers a recycled materials marketplace to help connect businesses that want to reduce the carbon footprint of their packaging. Companies can search and filter packaging to find the exact materials they need. They can also post requests to find unique materials.
Businesses can purchase recycled materials with $ECOTERRA, other cryptocurrencies, or fiat. All transactions are conducted securely on the blockchain.
Impact Profiles Help Eco-friendly Companies Stand Out
Companies using Ecoterra can set up impact profiles in the app to show off their sustainability efforts. This solves the problem of corporate greenwashing by introducing transparency into data about what eco-friendly measures companies are actually taking.
A company’s impact profile can show how much of its materials are recycled by consumers, how much of its packaging comes from recycled materials, and how much it has invested in carbon offsets.
Consumers can see all of the data in a company’s impact profile and directly compare brands based on their sustainability bona fides. Businesses that make real efforts to reduce their environmental footprint are more likely to build loyal customer bases.
Companies can also offer their own $ECOTERRA rewards for customers who recycle their products. This is a powerful way for businesses to incentivize customers to help companies achieve a circular supply chain.
Ecoterra Presale Offers 150% Return for Early Investors
The Ecoterra presale offers investors a chance to buy $ECOTERRA tokens at the lowest possible price. During Stage 1, the token is priced at only $0.004 USDT.
Ecoterra plans to list its token at a price of $0.01 USDT at the end of the presale. That represents a 150% gain from today’s price.
For a limited time, Ecoterra is offering a 5% referral bonus in $ECOTERRA tokens. Investors can get a personalized referral link from the platform’s presale site.
Some analysts have suggested that Ecoterra could generate even bigger returns after its initial exchange offering. The global recycling industry is worth an estimated $63 billion today and could grow to $88 billion by 2030.
However, investors have to act fast to lock in the lowest price. Just over a week remains before the $ECOTERRA price increases 18.7% to $0.00475 USDT. After the recent surge in interest, it’s also possible that Stage 1 will sell out of allocated tokens early.
