Recycle-to-earn Platform Ecoterra Raises More than $500,000, Readies for Next Stage of Presale
A major part of what’s driving investors to Ecoterra’s presale is the platform’s unique recycle-to-earn program. Users can earn $ECOTERRA tokens every time they recycle plastic bottles, s, and other reusable materials.
Using Ecoterra’s Web3 app, users simply scan the barcode of the material they want to recycle. The app contains a library of packaging materials from major companies and calculates rewards for each item.
Users then deposit their recyclables in a reverse vending machine (RVM) and snap a photo of their receipt to release their rewards.
Ecoterra has partnered with Dehaize (Lion), a supermarket chain with stores in Europe, North America, and Asia. Dehaize operates RVMs at many of its locations where Ecoterra users can deposit their recyclable materials and earn rewards.
Ecoterra recently announced partnerships with several major brands to integrate their packaging materials into its recycle-to-earn program. These include San Pellegrino, Vittel, Dr Pepper, and Heineken.