SafeOzone Protocol is a DeFi Token driven with high-yield automated cross-chain platform for…
Tags: Binance, Smart Contracts, Cryptocurrency

SafeOzone Protocol is a DeFi Token driven with high-yield automated cross-chain platform for community governance. It is an Ecosystem community-based project aimed at executing financial transactions independent of traditional financial institutions and intermediaries and is conducted over the smart chain network. It aims to remove brokerages, banks and other native intermediaries from the equation while reserving a circulating quota from transactions to protect the ozone layer depletion and hence end global warming.

THE OZONE LAYER STATUS TODAY

Recognition of the harmful effects of CFCs and other ozone-depleting substances led to the Montreal Protocol on Substances That Deplete the Ozone Layer in 1987, a landmark agreement to phase out those substances that has been ratified by all 197 UN member countries. Without the pact, the U.S. would have seen an additional 280 million cases of skin cancer, 1.5 million skin cancer deaths, and 45 million cataracts — and the world would be at least 25 percent hotter. More than 30 years after the Montreal Protocol, NASA scientists documented the first direct proof that Antarctic ozone is recovering because of the CFC phase-down: Ozone depletion in the region has declined 20 percent since 2005. And at the end of 2018, the United Nations confirmed in a scientific assessment that the ozone layer is recovering, projecting that it would heal completely in the (non-polar) Northern Hemisphere by the 2030s, followed by the Southern Hemisphere in the 2050s and polar regions by 2060. Monitoring of the ozone layer continues, and it’s finding that the recovery may not be as straightforward as hoped. A study in early 2018 found that ozone in the lower stratosphere unexpectedly and inexplicably has dropped since 1998, while another pointed to possible ongoing violations of the Montreal pact. The world is not yet in the clear when it comes to harmful gases from coolants. Some hydrochlorofluorocarbons (HCFCs), transitional substitutes that are less damaging but still harmful to ozone, are still in use. Developing countries need funding from the Montreal Protocol’s Multilateral Fund to eliminate the most widely used of these, the refrigerant R-22. The next generation of coolants, hydrofluorocarbons (HFCs), do not deplete ozone, but they are powerful greenhouse gases that trap heat, contributing to climate change.

CRYPTOCURRENCY AND CLIMATE CHANGE

Cryptocurrencies in recent years, have emerged as an innovative means of carrying out online financial transactions, but concerns have been raised among experts about their impact on our environmental. Cryptocurrencies place enormous demand on the energy system, and this increases carbon emissions which sequentially adds up to the overall effects of global warming. However, the technology that powers bitcoin (blockchain) should be considered for future adoption. The environmental hazard regarding cryptocurrency usage stems from the large carbon footprint left by such small share of global cashless transactions, and its potential to be broadly integrated into current technologies. This study examines the impact of cryptocurrency on the environment with its focus on climate change (Global warming). Although the fate of bitcoin is currently unpredictable, it can be projected that if its rate of adoption is accelerated, its electricity demand is capable of producing sufficient emissions to surpass 2°C of global warming in a few decades. The study recommends that further development in cryptocurrencies should analytically aim to reduce power demand so as to avoid the potentially demoralising consequences of 2°C of global warming.

GOVERNANCE The only way to gain representation in the ecosystem will be to hold SafeOzone tokens in the fee pool. Once mature, the network will gradually transition the SafeOzone Protocol and the SafeOzone Smartchain to community governance, allowing the community to decide the future of the protocol. SafeOzone token holders may stake their SafeOzone Token to vote on or propose new ideas to improve SafeOzone Protocol.

The BEP20 Token

SafeOzone Token (OZONE) is SafeOzone Protocol’s native protocol token, currently issued on BSC following BEP-20 standard. The SafeOzone token is a utility token designed to facilitate community governance and incentivise the virtuous circle of Hips SafeOzone Ecosystem.

TOKEN SPECS Token Name SafeOzone Token

Symbol OZONE

Token Network BEP-20

Token Supply 33,000,000

Token Contract 0xd5c3d75340848424e26ceea580aa87407544b375

Token Audited Yes

Token Website https://safeozone.io