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Qtum Chain Foundation Donates $100,000 to Binance Charity’s “Trees Millions” Initiative 

Qtum Chain Foundation Donates $100,000 to Binance Charity’s “Trees Millions” Initiative 

Qtum blockchain leading development team, Qtum Chain Foundation, is partnering with Binance Charity to plant over 100,000 trees to reduce the carbon footprint caused by electricity used by the blockchain’s nodes. The initiative falls in line with the Earth month celebrations, which falls in the month of April. The latest initiative is the start for Qtum, with the community working on “going green” in the near future. 

“This is a very important initiative for us, and we are proud that we are getting the opportunity to do this with Binance Charity,” said Qtum co-founder Patrick Dai. “Not only does planting 100,000 trees negate our protocol’s carbon footprint, but it's also a cool initiative towards a greener and a cleaner future.”

 

Qtum Chain Foundation Joins “Tree Millions” Initiative 

Announced Tuesday, the Qtum Chain Foundation will be joining Binance Charity’s initiative, “Tree Millions”, an environmental conservation effort aiming to plant over 10 million trees worldwide. According to the teams’ statements, Qtum Chain Foundation has donated $100,000 towards the initiative, aiming to plant over 100,000 trees across the world. 

Launched at the end of 2021, the “Tree Millions” is an NFT-based tree initiative that aims to plant over 10 million trees worldwide and protect the world’s forests. With over 46% of the forest cover already destroyed and over 80% of the flora and fauna on earth depending on forests, there was a growing need for the crypto community to contribute to restoring worldwide forest cover. 

"We’re celebrating April as Earth Month so this timely partnership acts as a reminder to double down on commitments to building a cleaner, healthier planet. Forests are a lifeline to 80 percent of the world's terrestrial animals and plants, and 1.6 billion people rely on them for their livelihoods,” said Helen Hai, Head of Binance Charity.

As at launch, the Binance Charity “Trees Millions” initiative had 17 crypto partners, with a goal to reach 100 by March this year, a feat they have achieved. Qtum becomes the latest crypto partner in the initiative in their goal of becoming a completely climate-neutral protocol. Binance Charity also teamed up with  Binance NFT, its native NFT marketplace, for the “Tree Millions” initiative to plant trees in theMetaverse to create the world’s largest virtual tree planting forest.

 

Qtum Plans to Go “Completely Green” 

The Binance Charity collaboration is the first step by Qtum Chain Foundation to push its “going green” goal. The project can achieve this by planting trees to offset the emissions caused by the electricity needed to run Qtum nodes. Currently, Qtum blockchain has thousands of nodes connected to the network, which could approximately use devices that consume as little as 10 watts up to 60 watts. With Qtum Chain Foundation planting over 100,000 trees, the carbon emitted by these nodes will eventually be offset by the trees, making the blockchain carbon-neutral. 

“Binance Charity thanks the Qtum team for their commitment to helping vital reforestation efforts and we're thrilled to see our ambition of 10 million trees planted worldwide come one step closer.” Helen Hai added. 

Finally, Qtum became the latest signatory to the Crypto Climate Accord (CCA), a crypto-based alliance inspired by the Paris Climate Agreement. The CCA is a private sector-led initiative for the entire crypto community focused on decarbonizing the cryptocurrency and blockchain industry in record time.  According to Patrick Dai, Qtum plans to achieve a completely carbon neutral platform before the earliest set goals for the CCA accord.  


Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

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