GREENART COIN is born, the first ethical cryptocurrency. For each transaction a donation to art and the environment

GRENNART COIN is the first ethical cryptocurrency that combines the promotion of art with charity towards projects for the protection of the planet.

The GREENART COIN charity donation process is designed in such a way that for the first time it is tracked and can be controlled in blockchain when related to global auctions and own Non Fungible Tokens on the Greenart Coin marketplace. The ethical cryptocurrency has all the ISO certifications, including the anti-crime one, which allow its legal use for each transaction.

Greenart Coin

The ethical cryptocurrency Greenart Coin (Gac) is a new token (cryptocurrency), as the name suggests, aimed at enhancing the environment and art and created on the BSC (Binance Smart Chain) network, with the aim of containing transfer costs and take advantage of the network of one of the most reliable exchanges with the highest number of users in the world (Binance). 

Greenart Coin innovated the world of cryptocurrencies with the implementation of the first form of ethical technology (https://www.greenartcoin.eu/donazioni). On every future transaction (which involves the use of Greenart Coin) subject to commission, from auctions to the ICO up to the sale of NFTs on its platform (DEX), a percentage (50%) is automatically retained which the algorithm devised by its creators sends in the so-called "Charity Wallet" or "charity account". In this way, a figure is constantly set aside, which the software locks down and prepares to divide equally among a series of humanitarian projects to which the devolution is then sent.

Trackable donations

The sums thus made are instantly sorted a pre-selected charitable projects (such as WATER PROJECT, or even OCEAN DEFENDERS, visible on https://www.greenartcoin.eu/beneficenza) and verifiable directly on the site. Thus there is the possibility of tracking and monitoring continuously, in the blockchain, the correct donation process and with no possibility for anyone - not even the owners - to interrupt the transfer mechanism, which takes place within a few seconds, and it is from this traceable and irreversible automatism that the intrinsically ethical nature of this cryptocurrency derives. All daily donations, for each single non-profit organization or project, will be visible and traceable directly on the site in a few "clicks".

GreenArt Coin the only ethical and eco-friendly cryptocurrency

No donation process in the world today, except that of Greenart Coin, is able to provide the same transparency (traceability via blockchain, technological automatism of the donation, real-time effectiveness and controllability of the arrival at the destination of the donation). These elements, associated with the fact that this cryptocurrency is not produced with the exploitation of energy, makes GreenArt Coin the only truly ethical and eco-friendly cryptocurrency in the world. Greenart Coin was created to promote art in its most diverse forms. 

In particular:

• offers emerging or established artists the opportunity to make their works known and sell them in online auctions on the global Greenart Coin platform;
• proposes the free creation and sale of NFTs both as purely digital works and as tokenization of "physical" works and, for the first time also from great classical masterpieces (Caravaggio, Rembrandt, Rubens, etc.) whose owners intended to rely solely on Greenart Coin;
• after the ICO (the initial offering to individuals), Greenart Coin will be the only cryptocurrency indicated to participate in global auctions. Those interested in purchasing works of art at auction will need to obtain Greenart Coin (GAC) in order to be able to bid. 
• Greenart Coin both as a cryptocurrency and as an NFT can help enhance and safeguard the national artistic heritage

Cryptocurrency for general use that can be used for each transaction

Greenart Coin is a product for the use of virtual currency promoted by BANCOR TRUST ASSET MANAGEMENT The Company, in accordance with Legislative Decree 17/02/2022, is registered in Italy with the OAM under No. PSV61 (Body indicated by the Bank of Italy for the Supervision of Companies that promote products and services in cryptocurrencies) as a subject authorized to offer services related to the use of virtual currency and digital wallet services.

Staff BlogInnovazione.it