HONG KONG, Jan. 22, 2024 /PRNewswire/ — In a momentous stride toward environmental progress, iSHANG, the Web3 arm of Coinstreet group, and Earth Exchange revealed their innovative NFT Staking Program in response to the 2023 COP28 climate conference recently held in UAE, marking a pivotal milestone in their committed journey towards sustainability.
Their joint initiative, introducing the NFT staking program for earning carbon rewards exchangeable for the LCD ("Lowest Carbon Denominator") Token, highlights their steadfast commitment to leading sustainable solutions in the environmental sector.
Teaming up with iSHANG, a leader in "Web3-as-a-Service" (W3aaS) solutions, Earth Exchange, under the Promax United & Preferred Partner’s umbrella, spearheads the global digitalized transaction for pioneering environmental & Climate changes businesses. At its core, this joint endeavour revolves around introducing an innovative NFT staking program that not only upholds the integrity of carbon offsets but also scales voluntary carbon markets, contributing significantly to a more sustainable future.
LCD Token Impact
Aligned with UN Climate Standards, the LCD Token sets a baseline value for each digital carbon unit, derived from environmental sequestering. Fully traceable for authenticity, it prevents counterfeiting or manipulation, securing transaction integrity in the virtual asset ecosystem.
Through this strategic alliance between iSHANG and Earth Exchange, the unveiling of the LCD-NFT staking program marks a significant milestone. Featuring four levels—Advocate, Activist, Ambassador, and Warrior—participants actively contribute to environmental awareness and sustainability by minting collectible NFT assets. This partnership seamlessly integrates technology, environmental consciousness, and the virtual asset economy, providing users with a sustainable and immersive experience on the Earth Exchange platform.
"We are delighted to endorse the LCD-NFT staking program utilizing the eco-friendly iSHANG Web3-as-a-Service platform, operating on the Polygon blockchain," stated Samson Lee, Co-Founder at iSHANG. "Utility NFTs present a range of practical applications beyond mere collectible artwork. In this instance, the LCD-NFTs function in real-time, enabling users to seamlessly integrate their enthusiasm for virtual assets with a dedicated commitment to environmental sustainability."
"Earth Exchange is crafted with the aim of fostering mutual benefits on our planet in accordance with the United Nation Agenda 2030 for sustainable Development, capitalizing on the global digital transition through coordinated and unified initiatives in addressing climate change." declared H.E. Louai Mohamed Ali, the President of Promax United and Preferred Partners. "The partnership underscores our joint dedication to merging virtual asset ownership with environmental responsibility," emphasized H.E. Dr. Mohamed Hussein Al Ahdaly, CEO of Promax United, the parent company of Promax Digital Assets Group, the creative force behind the Earth Exchange platform.
"The LCD-NFT introduces a powerful avenue for users to express their commitment to sustainability and make a positive impact on our planet," he added.
The collaborative LCD-NFT and Staking Program, between iSHANG and Earth Exchange, invites users to support environmental causes by minting and owning NFTs actively. This initiative not only contributes to sustainability efforts but also allows users to earn carbon rewards exchangeable for the LCD Token, digitizing measurable carbon units for traceability and authenticity within the digital currency. Aligned with UNFCCC standards, the LCD-NFTs play a pivotal role in global climate change initiatives. This joint venture will ensure secure and transparent transactions, embodying a commitment to empowering individuals in sustainable practices.
For more information about the LCD-NFT, LCD Token, and the LCD-NFT Staking Program, please visit https://ishang.com/earth-exchange/
About iSHANG Technology Limited (iSHANG)
iSHANG, the Web3 arm of Coinstreet, operates as a leading "Web3-as-a-Service" (W3aaS) platform, serving as the infrastructure and gateway for brands and enterprises to venture into the Web3 market. With a portfolio comprising over 10 turnkey decentralized services and applications developed on Ethereum and Polygon blockchains, incorporating the Inter Planetary Filing System (IPFS) decentralized storage system. Additionally, iSHANG offers comprehensive consulting services, empowering mainstream brands and enterprises to undergo business transformation, and facilitating revolutionary approaches to brand engagement, customer acquisition, and retention. Ultimately, iSHANG delivers an end-to-end solution for brands and enterprises to launch tailored and innovative Web3 Enterprise Vertical Applications efficiently and cost-effectively.
For more information about iSHANG, please visit www.ishang.com
About Earth Exchange
Earth Exchange, a vital project of the overarching Promax Digital Assets Group’s smart and green tech initiatives, places a distinct emphasis on eco-friendly digitised assets. The Earth Exchange was formed out of necessity due to a growing concern for the pace of progress in fighting the climate crisis.
As an innovative digital platform, it champions technologically-driven environmental initiatives and facilitates financial transactions for business projects, dedicated to reducing carbon footprints.
Stemming from concerns about the slow pace in addressing the climate crisis, Earth Exchange responds to the urgent call for standardised processes in addressing environmental challenges. Aligned with the worldwide imperative for a $125 trillion investment by 2050, Earth Exchange affirms its dedication to acknowledged standards and innovative solutions, embracing the principle that essential needs drive inventive responses to environmental challenges.
For more information about Earth Exchange, please visit www.earthexchange.ae or www.eex.ae
About Promax United
PROMAX United LLC, the parent company of Promax Investment & Digital Assets Group-DAG, based in Abu Dhabi, UAE, is a dynamic conglomerate with a global presence under the ownership of His Highness Sheikh Zayed bin Saeed bin Zayed Al Nahyan, the Chairman, and its visionary leader His Excellency Louai Mohamed Ali, the President of Promax United and Preferred Partners. Promax Group is a pioneer in business innovation, it delivers indispensable tools for success across diverse sectors such as banking & finance and capital management, Business Services, Renewable Energy, Infrastructure, Manufacturing, Healthcare, Logistics and Transportation, Sustainability and Environmental Services, Digital and Technology, Security, Real Estate, Media, and Humanitarian & Community Services sectors.
PROMAX United stands as a testament to dynamic business innovation, driving success across a myriad of industries globally. Its commitment to pioneering solutions reflects its dedication to shaping a prosperous, sustainable future & environmental awareness. Furthermore, Promax United & Preferred Partners are pioneered in boosting countries’ economies & sketching a successful story along with partners in creating funds.
For more information about PROMAX United, please visit https://promaxunited.com/
About ESG NEWS
ESG News is the leading provider of Environmental, Social and Governance (ESG) news and business information. Covering: ESG events, trends and thought leaders that are shaping today’s markets and tomorrow’s businesses. Our mission is to provide the financial industry and our audiences with timely, accurate ESG, sustainable finance and business information, that informs and drives action towards sustainable development and responsible business practices.
For more information about ESG NEWS, please visit https://esgnews.com/
About Coinstreet Holdings Limited (Coinstreet)
Founded in 2017, Coinstreet is an award-winning financial services and professional consulting firm focused on the Digital Asset sector. Coinstreet offers innovative fintech services, and business and operation solutions, covering four key business segments including Tokenization Business, Asset Management, Web3 Enterprise Solutions, and Ecosystem Development. Coinstreet is a co-organizer of TADS Awards (www.tadsawards.org) – the world’s first international award for the Tokenized Assets and Digitized Securities sector, and is a co-organizer of the Digital Asset Series (www.digitalassetseries.org) – a series of seminars that provides free education for the public about the ever-growing landscape of digital assets and facilitate mass adoption.
For more information about Coinstreet, please visit https://coinstreet.group
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