Consumers with a conscience increasingly want their purchases to do good in the world. Companies like Warby Parker and Tom’s were built on ‘buy one, give one away’ business models which created millions of product donations.
Sea is using cryptocurrency to do good. Think of it as cryptocurrency with a conscience. Investors can earn money and help save the planet. What could be better?
What is Sea?
Sea is a blockchain project designed to save our oceans.
Humans are more dependent on oceans than they might realize.
Marine life produces 70% of our oxygen. The ocean acts as an air conditioner for the entire planet. An enzyme that helped develop COVID-19 testing was found in bacteria in the ocean’s hydrothermal vents.
Unfortunately, humans dump 8 million tons of waste into the ocean every year. Current estimates suggest that if we keep fishing at the present rates, by 2050, there will be more plastic in the ocean than fish.
The team at Sea has partnered with multiple ocean protection organizations. Sea helps these organizations propel their work by spreading awareness of the companies and donating funds.
A few organizations involved with Sea include Sea Shepherd UK, the Oceanic Preservation Society, and the Coral Reef Alliance.
How SEA Tokens are Saving our Oceans
With every SEA token transaction, 2% of the amount goes into a secure wallet. Every 24 hours, the tokens in that wallet are divided between the partner organizations.
The potential scale of these donations is enormous; a 24-hour trading volume of $50 million results in $500,000 divided among the partner organizations. That means there is a lot of good to go around.
Investors can buy and swap SEA tokens at Pancakeswap. The company is currently working on getting listed on additional exchanges such as Binance and Coinex. Your SEA tokens can be stored in any wallet app such as Trust or Metamask.
With every qualifying transaction of SEA tokens, an additional 2% is taken out. Every SEA holder gets a piece of that 2%, depending on the number of tokens they are holding at the time. Holders can watch their balance of SEA go up every moment, making this an excellent way to earn and do good for the planet.
SEA tokens are deflationary. The company burned 40% of its tokens after launch, and they continue to burn.
After investors are awarded their piece of the 2% for holding the token, more SEA is burned. This ensures a constantly rising price floor. This deflationary mechanism exists to drive the value of SEA upward.
Sea is currently setting up a retail store that will accept SEA as payment. Most importantly, every purchase, trade, or swap contributes to Sea’s partners and helps restore ocean health.
The Future of SEA–and our Oceans
Our planet is in crisis. Scientists believe we have ten years to save our oceans, and 71% of the Earth is water. The time to act is now.
The team at Sea is dedicated to making a difference by using cryptocurrency to make our planet more sustainable.
About Kit
Kit Campoy is a former retail professional turned freelance writer. She writes about Leadership, Retail, and Web3. Contact Kit for your content needs.