WateractPrice

(WTR)

Wateract (WTR) is a Web3 project that operates on the Algorand blockchain, utilizing a token designed to promote large-scale water reuse and function as voluntary water credits within the real economy. The project employs a regenerative tokenization system that integrates with flowmeters, pumps, and counters in water reuse and desalination facilities. For every cubic meter of water reclaimed, a Wateract token is issued. Companies are able to acquire WTR tokens to mitigate their "water debt" by exchanging these tokens for equivalent voluntary water credits. These credits are designed to comply with international Environmental, Social, and Governance (ESG) regulatory frameworks. The WTR token itself serves as a unit of measurement, representing cubic meters of water, and is connected to various water processes including water reuse systems, green desalination, and rainwater harvesting. The primary objectives of Wateract include recognizing and rewarding environmentally responsible companies, assisting in the offset of their environmental impact, and providing funding for regenerative initiatives. The project is also developing a Carbon Capture Token (CCS) to extend its tokenization efforts to carbon capture and storage systems. Wateract has seen participation from companies such as MAMA Holding S.S., Rialto Holding Limited, and I-Deagate Società Benefit Srl, and its system has been integrated by various water sources, including an Italian cast iron foundry, Nunki Steel, and Cogne Acciai Speciali. Wateract is described as a Regenerative Finance (ReFi) token. Learn more

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