Whitepaper Of Sustainables Token
By: Sustainables Token
Tags: Cryptocurrency, Sustainability, Sustainable Development, Cardano, Crypto

About

The National Environmental Policy Act of 1969 committed the United States to sustainability, declaring it a national policy “to create and maintain conditions under which humans and nature can exist in productive harmony, that permit fulfilling the social, economic and other requirements of present and future generations. However, according to the final report of Brundtland Commission; sustainable development is defined as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”.

We, the creators of Sustainables Token, believe that we have to start a change to stop the consumption and/or destruction of our resources and we deeply attach our credence to maintain this change. At this juncture, the word of change is not limited to our natural resources, also subject to social equity and economic development. Hence, sustainability can not only be described within the limits of environment, it is also and very much so related to social equity and economic development.

Three Core Components Of Sustainability

Environmental Sustainability; maintaining ecological integrity and repleshing our natural resources and keeping them in balance. 

Social Sustainability; to make all people live in a lasting prosperity meeting their basic and futher necessities healthy and secure. 

Economical Sustainability; let the resources be attainable for all communities.

Where Do We Stand?

During the pandemic we have faced a reality. Considering the commercial operations took a serious hold; energy demand has an average of %25 decline weekly. On the other hand, there is an unignorable increase in demand for digital technologies, especially for payments methods and investment tools which are more accessible.

So, this is a unique opportunity to take irreversible steps forward and allow us all to commit to operating under a smaller, planet-conscious carbon footprint.

Like cash, cryptocurrency is counterparty-free, and yet it’s more efficient, accessible and sustainable than fiat currencies. For instance, the global banking industry consumes an estimated 100 terawatt-hours annually. The bitcoin blockchain, on the other hand, is expected to consume just 60 terawatt-hours in 2020. Furthermore, the wider ecocredentials of cryptocurrencies considerably surpass those of fiat. It is suggested that 70% of bitcoin runs on renewable energy, such as hydro-electric, while cryptocurrency as a whole has a reduced impact on deforestation, eutrophication or natural resources (water, metals, ink or pulp).

Thus, Sustainables is a token and it can’t be mined, therefore renewable or not any sort of electricity will never be used that may harm our planet!

We have got one planet, for now. And we have to drive this change!

A Sustainable Future

The crypto market cap is nearly $2 trillion today — double the previous all time high, reached just three months ago — underscoring how quickly this industry is growing. But this comes at a cost. Globally, the damages from climate change will amount to almost 3% of GDP by 2060. Herein lies the crux of the challenge moving forward: how can both the environment and global finance prosper without negatively impacting one another? It starts with companies across the spectrum of finance coming together to address and prioritize emissions reduction and renewable energy use. In an industry known for innovation and rapid change, these should be solvable challenges. With the CCA, the crypto and blockchain community has taken a huge step in the right direction. Inspired by the Paris Climate Accord, fintech and crypto industry leaders have partnered to launch the Crypto Climate Accord, a private sector-led initiative focused on decarbonizing cryptocurrencies to ensure the global financial system is less harmful and more sustainable. Key objectives of the Accord include:  Enable all of the world’s blockchains to be powered by 100% renewables by the 2025 UNFCCC COP Conference  Develop an open-source accounting standard for measuring emissions from the cryptocurrency industry  Achieve net-zero emissions for the entire crypto industry, including all business operations beyond blockchain and retroactive emissions by 2040.

Carbon Neutrality

The Crypto Climate Accord recognizes that financial technologies — including blockchain and cryptocurrency — are well-positioned to lead global finance’s commitment to a sustainable future. Recent studies suggest that now through 2023 are the most critical years of adoption growth for crypto and we know it will be more difficult to “reverse engineer” a systemic characteristic like sustainability the longer we wait. The time to solve this problem is now. Sustainables is committed to leading this effort, and strategic partnerships we plan to establish with organizations like Carbon Market, Recycling Companies, United Nations Development Programme are a critical component in achieving sustainability. This will ensure that key industry stakeholders come together to contribute ideas, technical innovations, policy ideas and financing for innovations to help achieve the Accord’s long term objectives. Across industries, the adoption of sustainable measures like these can save the global economy an estimated $26 trillion by 2030. As fintech becomes increasingly more prominent, the opportunity for the industry to lead global finance towards a carbon-neutral future becomes greater. Together we can create a more robust and sustainable global financial system and a healthier, more sustainable world.

Sustainables Token

Sustainables Token is a decentralized eco-friendly token which can be exchanged on Cardano network. Sustainables Token will be used for: — As A Financial Insturment For The Trades On the Carbon Market Watch — E-Commerce Integration For Use In The Energy Market — Network donation pooling and staking Considering the lethal impact on the environment of the cryptocurrencies during process of mining, Sustainables Token can not be achieved and transferred to any type of crypto wallets through mining. The token operates on an automated liquidity-locking and self-staking direct distribution protocol, providing safe, secure and hassle-free transactions for all holders.

Origins

Sustainables Token was born as an excitative. Its creators (from financial markets and developers) made up their mind to shoulder responbility for three crucial issues. One of them was unquestionably the destruction of our planet. The second one was the unfair distribution of income among the society. And related to these two, the unstable financial system showed its face. At first glance, the assertation of Sustaninables Token Project seems to be a very impossible passion, our team is very ready and will always stand rocky to weather the storm. Our initial goal was not, now it isn’t and will never be to become an industry leader in the financial markets. Sustainables Token’s focus is the environment at the first stage and then providing a longlasting prosperity for everyone. We are extremely aware of the value of usage and exchange. Like money, since its awakening, we want to locate Sustainabels to a place steady as a rock. With the consciousness of our starting point, we will never let Sustainables Token be affected by politicians, magnets or the happenings around the world. Contrary, we inch forward to give a new meaning and change all these effective elements.

Tokenomics

Sustainables Token will launch with a maximum total supply of 1 Quad on its birth, with 50% of the supply sent to a burn wallet as a deflationary force on the token. Every transaction with Sustainables is tributary to a 4% fee — 50% is locked in liquidity, 30% is directly distributed to all holders, and the remaining 20% is burned. With the total amount burned growing over time, the amount of available supply and yield generated decreases as the burn rate increases, forcing currency appreciation and asset-value protection.

www.sustainablestoken.com