Land Betterment's LBX Exchange Converts to BEP20 Framework From ERC20 For Environmental Proof of Stake Process
Proof of stake is significantly more environmentally sensitive than the proof of work process currently used for ERC20 tokens
FISHERS, Ind., July 11, 2022 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining and industrial sites to create sustainable community development and job creation, is pleased to announce Land Betterment Exchange “LBX” has moved its token to the Binance Smart Chain under the BEP20 framework from the ERC20 Ethereum framework due to the more environmentally sensitive process of proof of stake versus proof of work.
“We are excited to make some really positive changes to our platform in order to drive environmental progress including switching over to the Binance Smart Chain framework which utilizes a proof of stake verification process. We believe it’s important to take a holistic view at what you are looking to accomplish and see how you can improve upon your process. We were hoping that Ethereum would have already moved to the proof of stake process, but ultimately viewed it as an important move to make the change today as we prepare for an exchange listing. The Binance Smart Chain process also has a strong identity in the market that will drive visibility for our stakeholders,” stated Mark Jensen, Executive Chairman of Land Betterment Exchange.
Changes have also been made to the Token in order to make some fundamental improvements to the platform as it prepares for its initial launch:
- Went from a maximum of 80 million tokens to 80 billion tokens.
- Changed its mining exchange rate from $250 of verified environmental improvement per token/carbon offset issued to $0.25 per token/carbon offset.
- Modified the token code to go from 2 decimal points to 6 decimal points, which is more consistent with other blockchain products or tokens in the market.
The LBX solution provides a positive incentive to environmental remediation, rewarding those that perform the physical environmental cleanup while providing a family supporting wage through the transitionary economy developed in the process. The LBX solution is targeting billions of dollars of investment back into these rural distressed communities and by doing so, creates high paying jobs through the first positive incentive-based model of environmentalism. The carbon offset market place is experiencing rapid growth due to major corporations needing to secure carbon offsets to achieve their carbon neutral commitments over the next ten years. LBX offers an environmentally positive and verified process to help these companies accomplish their goals by providing a solution that benefits all parties including the environment, community and companies in need of verified and safe offsets.
About Land Betterment Exchange
Land Betterment Exchange (LBX) is an environmentally driven token that creates a financial incentive and trading market to pull forward environmental cleanup and provide a transitionary economy as the world pivots away from fossil fuels while providing new sustainable jobs for the local community. Land Betterment Exchange has engaged Land Betterment Corporation as its token and carbon offset issuance partner to ensure that integrity of the token and carbon offset issuance process is adhered to. Land Betterment Corporation and Land Betterment Exchange both firmly believe that with real solutions it is possible for restoration of impacted areas to live side-by-side long term employment, while building sustainable and safe surroundings for communities and our planet. For more information visit www.thisislbx.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About Land Betterment Corporation
Land Betterment Corporation, an Indiana Benefit Corporation and Pending B-Corp, is an environmental solutions company focused on fostering a positive impact through upcycling former coal mining sites to create sustainable community development and job creation. The Company utilizes a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment accomplishes this by identifying un-reclaimed, run-down and neglected coal mining sites, fixing the environment through reclamation and remediation, and then repurposing the land to support a sustainable business that serves the community. For more information visit landbetterment.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Comments and Statements herein
Please refer to our whitepaper which is linked to our website and included in the link here: www.thisislbx.com for a clarification and or statements made with regards to the LBX Token
Company Contacts:
Mark LaVerghetta
317.537.0492 ext. 0
Chief Governance Officer, Corporate Finance
info@landbetterment.com
Stephanie Conzelman
207.205.0790
Stakeholder Engagement Director
info@landbetterment.com
Contact Us:
lbx@landbetterment.com
www.thisislbx.com
Land Betterment Exchange
LBX Token
+1 317-537-0492
email us here
