EV Drivers Can Now Use Crypto to Charge Their Cars and Earn Carbon Credits – Here's How to Get Involved
Since Elon Musk's Tesla was launched, there has been an increase in the number of electric vehicles, and consumers are more willing than ever to replace their internal combustion engine vehicles with electric ones.
However, the EV charging and payments infrastructure is not sufficiently developed to support the growth required for its widespread adoption.
A new crypto project, C+Charge, has proposed a network application and utility token to solve the economic and infrastructure issues preventing the EV industry from growing.
The platform's native crypto token, $CCHG, powers the entire ecosystem and has had an impressive presale. At the time of writing, the presale had raised over $2.6 million.
Green Initiative for Sustainable Environment
Industrialization and globalization increased the demand for fuel and power. This growth was powered by fossil fuels, resulting in the exploitation of natural resources and, unfortunately, an increase in carbon emissions that were detrimental to the environment.
To curb this, many countries worldwide came together to create a protocol in order to encourage the reduction of rising carbon emissions in society.
The concept of carbon credit was developed as a financial incentive for major firms to make products that would reduce or eliminate carbon emissions. And introducing electric vehicles (EVs) is one of the steps the automobile industry has taken to reduce carbon emissions.
A carbon credit is an authorization to emit a specific quantity of carbon dioxide or other greenhouse gasses. The emission of one ton of any greenhouse gas is equivalent to one carbon credit.
Large firms are rewarded for reducing their carbon dioxide emissions. However, they must incur additional costs if they exceed the limit.
The carbon credit market is expected to grow exponentially in the future. However, many people, including those involved in carbon-avoidance activities such as driving an EV, are unfamiliar with these marketplaces and lack the funds to access them.
To increase demand for sustainable mobility, C+Charge is expanding access to the carbon credit markets and raising awareness.
Charge and Earn Carbon Credits
C+Charge wants to create a reliable peer-to-peer (P2P) payment system for EV charging stations with the help of blockchain technology.
Each user will be given an electronic wallet, which they can use to pay for the charge at any charging station around the world.
The C+Charge utility token powers the C+Charge payment system and is used to pay for each charge. The charging station owner saves a lot of money by not having to use a point-of-sale system when using the crypto wallet through the app.
The carbon credits EV drivers accumulate each time they use the C+Charge utility token to pay for a charge are saved in their C+Charge app.
Token holders will also earn carbon credits through "reflections." Through the platform, EV drivers and C+Charge token holders will be able to use carbon credits, which are usually reserved for large corporations.
The C+Charge's proposed network application and utility token aim to address the economic and infrastructure concerns impeding the EV market's growth.
This comes at a critical moment when the energy market is looking for a remedy to aid in accelerating the EV revolution.
Buy $CCHG for an Eco-Friendly Future
At press time, $CCHG is selling for $0.019. The digital asset has entered stage six of its ongoing presale and has raised over $2.6 million.
However, the price will increase to $0.02 once stage six ends in approximately six days.
Investors can buy the token via the Metamask wallet on PCs or the Trust wallet on mobile devices. The eco-friendly startup has also added ETH as a payment method in addition to BNB and USDT.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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