Empowerchain Building
The digital infrastructure empowering a global plastic waste collection and recycling network.
The $MPWR have been issued and are “live”, new tokens are issued every “block” for the next 12 years, when it is fully distributed. The first apps are not yet on chain (more than what we use on Empower and internally now in testing for the plastic credit marketplace, registry etc), so not much activity on-chain yet, but that’s about to change!
The $MPWR token is for now only listed on a Decentralised Exchange called Osmosis https://app.osmosis.zone/ where it has an initial price discovery and liquidity, possible to trade, get a 65%-ish apr if providing liquidity for the LPs etc.
Currently price per token is at 0.9 cents (so 0.009$), and there are a bit more than 200 million tokens out there, and with a fully diluted amount of 1 billion MPWR tokens in 12 years when fees should have taken over. We are pretty convinced that demand will go up as MPWR becomes available for the full recycling and collection ecosystem, the apps and marketplaces are launched bringing a lot more utility and also as MPWR get listed on other exchanges, quite exciting times ahead!
For now more than 50% of the tokens will be distributed to users, waste pickers, collectors and recyclers, other parts of the tokens will be distributed as general incentives for the full community of both waste collectors, delegators, validators and those supporting the movement. A part of tokens are also set for a foundation that only will use it to buy plastic credits from waste collectors and fund similar collection and recycling incentives around the world, also a share of tokens are set a side for a global plastic waste lottery where every waste picker (or really, anyone buying $EMPs from a waste picker and converting it to tickets) can participate (waiting for that first informal waste picker to win and buy a Lambo, cruising around Buenos Aires or Lagos!), and more is coming.
Currently, you can support the global waste collection network just by getting, staking or holding MPWR!
The more support, the stronger incentives for waste collectors and waste pickers, the more impact and change Empowerchain will bring. Currently, with Todays value, at least $5 million of tokens will be distributed directly to users & waste collectors over the next 12 years, what if it gets global support…
The Empowerchain is real and direct change, where every bought MPWR gives a higher value to those working to collect and recycle waste — that is pretty insane and beautiful — direct global impact for years to come — and you can still keep your MPWR.
