Press Release
Swiss ReFi group Hypercube announces primary listing of Wateract (WTR): The water token
Hypercube.eco has just announced the upcoming listing on BitMart.com, the first of a multi-CEX listing plan.
Among the new wave of meme coins, the aftermath of the shitcoin era, and several complex DeFi altcoins, Hypercube bets big on its utility token based on the most relevant resource on the planet: water.
The Swiss ReFi group is leading the regenerative tokenization movement introducing an impact token that’s already been adopted by multinationals leveraging its utility to offset their water debt and meet sustainability goals.
Reclaimed water is tokenized by tracking through connected flowmeters wastewater being treated by water reuse facilities and freshwater produced by desalination systems issuing a token for each registered cubic meter.
Large companies consuming significant amounts of water driven by either voluntary commitment (such as Amazon, Google, Meta, Pepsico ecc.), legal requirements (such as the new European CSRD framework) or just marketing purposes can buy WTR and swap it for equivalent voluntary water credits to offset their water debt and meet sustainability goals. Proceeds from each token sale reward water reuse and desalination facilities and contribute to fund new water-positive projects in the world.
Water conservation has recently become top priority along with climate change all over the world as freshwater demand exceeded by 25% current available supply. Global economy has already been heavily affected by water shortage, the Panama Canal has reduced by -50% its traffic in February 2024 due to months of drought and
80% of the Catalan population including the city of Barcelona is currently under heavy water restrictions limiting personal supply to 160 liters per day.
Hypercube has developed the ReFi model of WTR based on the original concept of carbon credits, a system that was designed to reward companies that would reduce their Co2 emissions by selling their reduction certificate (the carbon credit) to companies that couldn’t physically mitigate their pollution and wanted to offset their environmental debt contributing to overall carbon balance.
The new water credit market based on the WTR token is already taking off also due to favourable environmental directives many governments have recently passed making it mandatory for large companies to report their water consumption and commit to a reduction plan over the years.
“By listing on CEXs Hypercube aims at allowing anyone in the world to join the movement and contribute, buying the token, to exponentially accelerate adoption of water positive processes, technologies and actions at large scale.” Hypercube CEO says.
Hypercube
Wateract X
https://twitter.com/wtrtoken
Wateract Telegram
https://t.me/wateract
Disclaimer: This is a paid post and should not be treated as news/advice.
