Stable coins & Financial Inclusion

Use of Stable coins in rewarding waste pickers & projects

Stablecoins will be used in the dApp as a means of incentivizing and rewarding participants for their contributions to the waste management process as well as most importantly, empowering and onboarding waste pickers to Web3 and Financial inclusion. Stablecoins are digital assets designed to maintain a stable value relative to a particular asset, such as the US dollar or gold. This stability makes them ideal for use in incentivization schemes, where participants can earn stablecoins for their contributions to the platform.

The dApp will use stablecoins to reward waste pickers and waste collection points for collecting and sorting waste. The platform will track the amount of waste collected and sorted by each participant and reward them with a predetermined amount of stablecoins for their efforts. The waste recyclers could also receive stablecoins for their verification of the waste materials collected.

Organizations looking to offset their carbon footprint could invest in green initiatives through the platform using stablecoins. The platform could enable organizations to purchase stablecoins and use them to invest in green initiatives, such as waste recycling and clean energy production. The funders could also fund through normal fiat and the fiat will be converted into stablecoins and sent to the funding pool for streamlining.

The stablecoins will also be used to enable transactions within the platform, allowing participants to purchase goods and services related to the waste management process. For instance, waste collection points could purchase equipment and supplies necessary for waste collection and sorting using stablecoins. Stablecoins will be used as a means of transacting on the dApp before we in the longrun launch a customary and utility token.