Projects Like MOOKY Are an Answer to Global Deforestation

The world we know is changing. From melting glaciers to heatwaves in Canada, the climate has taken a huge turn. All thanks to greenhouse gas emissions. Deforestation has added an extra boost to this considering offsetting of the environmental damage is getting challenging due to cutting trees. Data shows that humans deforest over 10 Million hectares of forest every year. MOOKY, a memecoin project, is working to contain these negative effects through their community.

MOOKY is a community-first project with the goal to aid mother nature. Holders of its native cryptocurrency, MOOK, will have a say in all the decisions associated with the project. Though it is not a superhuman clan holding supernatural powers to provide the earth with natural healing. But it does have this one superpower that Batman possesses: Money.

Addressing Blockchain’s Environmental Concerns

Reuters reported that the European Union is also seeking regulations to limit deforestation. Research shows that several human activities are affecting one-third of the Amazon’s rainforests. According to the data, they produce around 6 to 9% of the global oxygen.

The project has already planted over 5,000 plants and plans to double this number in the future. Though this would not offset the damage the environment has already confronted, they are still way ahead of many carbon positive projects who are still resting on the safety nets of fossil fuels and other hazardous resources.

The Rise of Memecoin Competition

As a memecoin project, it can emerge to become a tough competitor to Dogecoin (DOGE) and Shiba Inu (SHIB). Both cryptocurrencies have become popular considering support from celebrities like Elon Musk, Twitter CEO. Moreover, his automotive company, Tesla, accepts payment in DOGE.

On the other hand, the Shiba Inu team is working on a metaverse project dubbed Shibarium. Virtual worlds are slowly gaining traction with Roblox, Decnetraland and more are currently sitting on the top of this table. However, Roblox doesn’t have a native cryptocurrency unlike others.

There will be a total of 500 Billion MOOK tokens and their holders can participate in project’s decision making through decentralized autonomous organization (DAO) governance. Additionally, holders of the MOOKY NFT collection will allow them to get exclusive perks and accessibility to the Mooky Ventures Club.

Empowering the Community to Combat Deforestation

Among over 22,000 crypto assets in the market, MOOKY holds the potential to grow immensely considering it is attacking one of the major issues associated with blockchain. The project is starting small but will enhance goals to provide environmental aid as the community grows.

Undoubtedly MOOKY cannot offset global deforestation singlehandedly but collective efforts from multiple projects can counter the issue to some extent. Moreover, projects like this are a great help to the crypto community as well, considering it can be an effective answer to environmental questions against cryptocurrencies.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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