- Evercraft Ecotechnologies successfully launched its ECET tokens on the MEXC cryptocurrency exchange platform on April 22.
- This ERC-20 token is used to finance sustainable initiatives to convert carbon waste into valuable resources.
What are ECET Tokens?
Many cryptocurrency and token projects are often targeted by critics for their supposed emissions and energy use. However, Evercraft Ecotechnologies is turning things around with its revolutionary ECET tokens that are tailored to promote the sustainable eco-financing of projects. These tokens issued under the DAG-powered Constellation network aim to convert carbon waste into valuable commodities.
ECET is a token based on the ERC-20 token standard under the Ethereum (ETH) chain. It was developed by Evercraft Technologies, which is headquartered in several locations, including Switzerland, Germany, Austria, and Ireland.
The company founded in 2023 prides itself on its active engagement in the fields of decarbonization and innovations in environmental technologies. The primary aim of the organization via its partnership with the Agency for Green Technology (AGT) centers on the reduction of greenhouse gas (GHG) emissions in the atmosphere, cleaning the oceans from foreign debris, and recycling/reusing carbon waste to turn them into valuable materials or energy resource for industry use.
From Waste to Wealth
One of its primary focus is the transformation of carbon waste into carbon nanotubes (CNT) and graphene. Based on its whitepaper, citing research by the University of St. Andrews School of Chemistry, these materials are lightweight and resilient with exceptional conductive properties.
These elements make them ideal for producing electrical components and energy storage devices. Overall, they show potential benefits in aeronautics, automotive, electronics, and healthcare sectors.
The caveat is that CNT and graphene involve high production costs and require high energy consumption for their creation. However, the flagship project of Evercaraft Ecotechnologies that lies in its Advanced Carbon Absorption (ACA) patented tech presents a solution to this dilemma.
ACA enables the extraction of pure carbon with green hydrogen as a by-product from carbon dioxide and other types of gases. These are then used to efficiently generate CNT and graphene while the green hydrogen by-product could be used to produce petroleum products, useful chemicals, or energy. All these could be achieved in an environmentally friendly manner with zero emissions.
ECET Tokens Now
The native token of Evercraft Ecotechnologies, ECET, was launched at the MEXC crypto exchange on April 22 to bring sustenance to its noble endeavors. Evercraft Ecotechnologies GmbH CFO and Co-Founder Holger Kuhlmann stated that the milestone will let them advance their mission to harmonize environmental preservation with technological advancement.
As of this writing at 9:00 AM UTC on Monday, around a week past its launch, ECET is trading at $0.15 a pop. This marks a 25% gain from its initial price of $0.12 but roughly a 43% dip from its current all-time high at $0.2669.