Poseidon Foundation

The world is reaching its limits in terms of the levels of carbon emissions it can cope with before the climate becomes unsafe for human life. The IPCC has provided data which shows the urgent need to keep global warming within a ‘safe’ limit of below 2°C – the maximum average temperature increase that governments believe we can ‘adapt’ to. Others argue, the maximum temperature change should be +1.5°C. Currently, climate change is causing extreme global events; forest fires, migrating diseases, flooding, ocean acidification, and mass migration of people.

❗️Project Description:
Poseidon Foundation is a non-profit foundation which empowers consumers to rebalance their carbon impact when they buy everyday items. Poseidon does this by using blockchain technology to connect consumers and retailers directly to projects that address carbon impacts by protecting forests.

Poseidon Foundation have chosen Stellar as blockchain partner as it is the only platform that offers scalability in line with our values. Compared to the vast majority of other blockchain platforms, Stellar created an architecture that uses far less electricity and offers significant environmental advantages, which is crucial for our purpose.

Stellar blockchain

The intention is to make the provided information interesting and informative, giving consumers a fun and meaningful way to interact with their purchase history. Consumers will also be able to share their achievements on social media to create a network effect that is expected to encourage further positive impact.

📱Mobile app
Poseidon Foundation created the two Stellar assets OCEAN and CARBONCREDIT that are unique tokens to the Poseidon platform. They enable the processing of carbon credit micro-transactions in almost realtime at a very low cost. OCEAN tokens are instruments of payment that are used to purchase CARBONCREDIT tokens for the purpose of either offsetting carbon emissions or to take ownership of carbon credits. Using Stellar accounts and our backend, Poseidon manage the lifecycle of carbon credits that we purchase from emission reduction projects around the world.

When the purchase of ice-cream or petrol is made at a participating retailer, the point-of-sale integration triggers the purchase of OCEAN tokens and their exchange for CARBONCREDIT tokens, resulting in the allocation of a carbon credit offset to the carbon emission of the product. With each purchase, the available carbon credits in the Stellar account are reduced according to the required offset.

Competitive analysis

💰Token:
The name of the token is OCEAN. Platform Stellar. Price in ICO is 0.1740 USD. Accepting are BTC, ETH, XLM. 36 billion OCEAN tokens will be issued by blockchain partner following the fundraiser. This is a fixed supply and the token volume will neither be reduced nor increased over time.

First Fundraiser has ended. Register for the Second Fundraiser that will start on 16 February 2019.
Contributed: EUR 2,100,115. Sold: OCEAN 13,462,275.
Token distribution: 50% - Contributors; 30% — Liquidity Pool; 7.5% — Poseidon Team; 12.5% — Poseidon Foundation.

Data:
Partners of Poseidon Foundation are Ecosphere+, CBL Markets, Stellar, 6point6, MME, BAC, LCC. Whitepaper is available for download in English. As of October 30, 2018 in telegram –7927 followers, facebook-726, twitter - 3 733, linked in- 303, instagram - 1354.

📌Links
Web-site: https://poseidon.eco/
WP: https://poseidon.eco/assets/documents/Poseidon-White-Paper.pdf
Telegram: https://t.me/PoseidonFoundationOfficial
Author: https://bitcointalk.org/index.php?action=profile;u=13..
Wallet: 0x652A1b4cD22B5218972A228c1e1F2684a361D059
Telegram: @ICOevent
Bountyhive Username: icoevents

NOT FINANCIAL ADVICE.
all investment risks are associated with financial losses