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As a way to promote the new fuel Arterran has introduced a new cryptocurrency and exchange.
The world’s climatologists have determined that we have gone past the point of no return as far as reversing the damage done from burning fossil fuels.
But they have also said that if current levels are not drastically reduced the problem will continue to worsen, eventually reaching exponential progression by 2035. The devastation to the world economy that this would cause is almost inconceivable.
But the Canadian firm Arterran Renewable Fuels based out of British Columbia is attempting to tackle the problem of fossil fuel burning. Arterran has created a truly renewable fuel that does not use food products such as corn.
The use of plant-based fuels when we are already having difficulties with droughts and food shortages are exacerbating the problem and is simply wasteful and shortsighted. Instead the company opted to use things like manure, municipal solid waste and wood waste to create a solid biofuel labeled “solid density fuel pellets” that appear to be some next generation stuff.
Arterran believes that their fuel will spell the end of our need for coal, which according to the US Environmental Protection Agency, contributes to 40% of green house gases on Earth. The company cites five reasons for this:
As a way to promote the new fuel Arterran has introduced a new cryptocurrency and exchange that allows them to “pre-sell” the new biofuel. Investors can buy GENERcoins at the exchange and either trade for other cryptocurrencies or use them to buy the new fuel at a 51% discount to current market prices.
The GENERcoins crowdsale took place on the Master Protocol on June 11, 2014. No information has yet been released to the amount raised. But it should also be noted that each participant had the chance to purchased Arterran’s NextGEN Solid Biofuel at the rate of $0.062 USD per coin, equivalent to 10,000 BTU, which includes the discount rate. Each coin holder now has the option of redeeming their coins for the fuel or exchanging or trading them as they see fit.
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