What is Ecoterra, the sustainable coin that raised $4.9 million, amidst the SEC’s crackdown on the crypto industry while Polygon’s price is plummeting to zero?

Polygon has had a very bad week.

The value of the native MATIC token, which is the Ethereum layer-2 scaling solution, has dropped by almost 20% since the start of the week. It fell from the upper $0.80s to the low-$0.70s.

The SEC announced on Monday that it views Polygon, along with many other cryptocurrencies, as crypto securities that should be subject to significantly more regulation in the US. This was part of its lawsuit against Binance. The SEC repeated this stance in a similar lawsuit against Coinbase on Tuesday.

MATIC’s price drop from its earlier yearly highs in the $1.56 area has now exceeded 50%. Technical selling added to the woes upon the breakout of a long-term pennant structure.

Some analysts have warned that if the SEC wins its lawsuits against Binance and Coinbase, legitimizing its claim that Polygon is a security, this could be catastrophic for the network. MATIC could become essentially untradable in the US, which is the world’s largest crypto market.

Moreover, a classification, or even the threat of classification, as a security could completely kill off the up-until-now strong pace of development seen in the Polygon ecosystem of applications. Some bears are warning that MATIC could go to zero.

However, it might be a bit of an exaggeration, and the SEC may lose its bid to classify MATIC as a security. Nonetheless, Polygon faces a highly uncertain future.

On the other hand, things are going much better for a new green crypto project called ecoterra.

As outlined in the project’s Whitepaper, Ecoterra is building an all-in-one $ECOTERRA-powered web3 ecosystem, designed to encourage recycling via its first-of-its-kind Recycle-to-Earn (R2E) system, facilitate trade in recycled materials, and encourage individuals and businesses to offset their carbon footprint.

Furthermore, the project’s presale of its native $ECOTERRA token is quickly approaching the $5 million milestone, which shows strong support for the project’s vision from the crypto investing community.

Nascent green web3 projects like ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead as crypto’s broader adoption increases.

It’s no wonder then that the crypto presale that ecoterra is currently running in order to fund the development of its platform has been a resounding success.

Visit Ecoterra Here

How Does Ecoterra Work?

When utilized properly, blockchain technology has an unprecedented ability to promote environmentally friendly behaviors by rewarding recycling, making it easier to offset carbon emissions, and tracking environmental impact utilizing the blockchain’s transparency.

Ecoterra is building an all-in-one application that does all three of these things and more.

Ecoterra rewards users with the platform’s native $ECOTERRA crypto token every time they recycle. The green web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning a huge potential market.

The platform features a carbon offset marketplace to make it easier for individuals and businesses to offset their carbon footprint. Ecoterra also features a recycled materials marketplace to make it easier for businesses to purchase recycled goods using $ECOTERRA or other cryptocurrencies.

Meanwhile, thanks to the transparency of the blockchain, ecoterra allows individuals and businesses to track their environmentally friendly practices via an Impact Trackable Profile.

Observers predict this feature to be very popular amongst environmentally-conscious businesses, who can use Impact Trackable Profile to boost their brand image and bolster customer loyalty.

Learn More Here

2023’s Best Crypto Presale?

In only around two months since its launch, ecoterra’s presale has flown through eight stages and raised a massive $4.92 million, with this pace likely to accelerate further in the coming weeks as the project gains more traction across social media.

The signs on this front are promising – Ecoterra’s Discord channel already has over 5,000 subscribers, and the project’s Twitter account already has 15.7K followers.

Investors should act quickly if they want to participate in one of web3’s most promising green projects. When the presale reaches $5.7 million, the price of ecoterra’s native $ECOTERRA crypto token, which is issued as an ERC-20 on the Ethereum blockchain, will increase by 8% to $0.01 from the current $0.00925.

Investors believe that $ECOTERRA has strong potential to perform well when it is launched across cryptocurrency exchanges later this year, as it is expected to be ranked as one of the top green utility tokens.

In addition, ecoterra’s development team plans to introduce a staking protocol in the future that will allow ECOTERRA holders to generate passive income streams through their token holdings. This further incentivizes investors to hold onto the token beyond just expected price gains on the public market.

The $ECOTERRA token has a capped supply of two billion, with one billion (50%) made available to presale investors. Of the remaining supply, 20% is allocated to ecosystem liquidity, 10% to listings and marketing, and 5% to corporate adoption. Only 5% is allocated to the team, meaning that if they want to profit significantly from the project, they will need to remain committed to it for a long period of time in order to drive up the $ECOTERRA price.

According to popular British crypto presale analyst Jacob Crypto Bury, $ECOTERRA has the potential to increase in value by 10 times when it is launched on cryptocurrency exchanges later this year.

Click here to buy Ecoterra.