CyClean Unveils Blockchain Motorized Electric Vehicles For Crypto Mining
A Singapore blockchain startup has launched a fleet of blockchain-empowered electric vehicles with the aim of minimizing carbon emissions. It intends to reward anybody in this initiative and help users keep mining crypto coins while they are in transit.
Cars And Weather Changes
While boats, trains, and planes contribute significantly to CO2 emissions on a daily basis, other road automobiles aren’t left out. Trucks, motorcycles, and cars remain the leading contributors of these pollutant gases in the transportation sector.
In the U.K alone, this sector tops in carbon emissions to the atmosphere with a growing appetite to introduce more and more electric vehicles into the roads, just like in other parts of the globe.
To boost eco-friendly efforts, CyClean is stepping forward to mitigate in this scramble by merging the cryptocurrency software and blockchain with this electric-run vehicles. This involves products like bicycles, solar panels among many others. Once users rent these eco-friendly products, CyClean will go ahead and reward them with cryptocurrency to encourage the initiative.
Besides, the company will receive electric vehicles and products from leading producers. After that, these products can be improved using a modern chip for seamless connectivity to CyClean’s server. Once the connection is established, the chip can monitor meters traveled or watts consumed by the user of the vehicle for a proportionate and fitting compensation.
A fixed amount of daily rewards for users is taken. The gross total is divided by the recorded number of users who exceed more than a kilometer while traveling in a single day or who produce more than a single watt. As a result, CyClean can award users with daily rewards commensurate with distance covered or wattage consumption.
On a white paper issued by CyClean, this business model aims to cover motorbikes and electric bicycles.
However, the company is also looking forward to bring in electric cars according to plans. Ultimately, the objective is to diversify their motorbike sales into the Southeast Asia region where there is a vast population using vehicles.
Actively On The Move
Having completed a recent Initial Coin Offering (ICO) successfully, CyClean is up and running. It is about to unveil e-bikes and domestic solar panels to its wide range of products that help mine the platform native cryptocurrency, popularly known as the CyClean Coin (CCL).
As of August this year, CyClean announced that A CCL/USDT trading pair is now officially listed on the global cryptocurrency exchange, the HitBTC. According to the CoinMarketCap, by the time this piece was going for print, CCL remains the top highest trading ICO token on the HitBTC platform, just behind the only popular cryptocurrency altcoins.
As the company takes serious efforts to curb undesirable labels of blockchain and ICO technologies, it continues to leverage itself into the future industry revolution.
An energy conference was recently held in Korea attended by the Korea Blockchain Association, industry figures, and prominent government dignitaries. CyClean attends such events to connect with groups, governments, organizations and other key players to widen its presence beyond South Korea to the rest of the globe.
With 13 million new electric vehicles projected to be produced annually until 2021, the hybrid vehicle production is just picking up. As of 2017, the International Energy stated that such production had surpassed 3 million with a projected growth of up to 125 million by the year 2030.
Also, China’s biggest electric bus signed a deal with a US-based firm recently to provide financial services and Blockchain technology solutions, an effort that seems to be gaining traction for the company’s major take-off.