[ANN] Cycled- Revolutionizing recycling with digital and social incentives

[ayocycled]

The problem
Today, over 60% of the waste generated worldwide end up either in landfills or in the ocean. The reason for this is that the majority of the world population find the recycling process inconvenient, don’t have substantial incentives to recycle, and don’t trust that if they go through with the recycling program, the waste will actually be recycled.

Solution

A blockchain powered digital platform that uses the game theory to socially substantiate recycling incentives, while facilitating door-to-door collection and providing a transparent means of tracking recyclables and distribution of incentives

How it works

Waste disposers’ use an “uber-like” app to either call for a pick-up of their recyclables, or to unlock a low-cost reverse vending machine. Upon collection of clean and sorted recyclables, the users are attributed with Cycled Tokens equivalent to 20% of the value of the recyclables they contribute. In addition, they are entered into a lucky dip for an instant prize, and participants with the highest recycling rates in certain regions will also be credited with prizes weekly
 
   

Progress

We have already used this model to divert 180 tons of recyclables away from landfills!!


 

Blockchain implementation

The blockchain implementation is to ensure:
-   Transparent distribution of incentives
-   An adequate method of tracking the lifecycle of recyclables in order to hold big brands responsible for their efforts in ensuring that their packaging are being recycled.
-    A system, synonymous to the credit score, which will hold each individual responsible for the way they dispose their waste.
-   The currency for recyclables is standardized

The Team

Cycled technologies is a Norwegian company founded by a Nigerian cleantech professional and programmer (Ph.D candidate), a Norwegian seasoned CEO in the green waste management industry (MBA), a German clean tech consultant for the Norwegian and Nordic Governments in the Middle East (M.Sc. in clean tech) and an Italian Professor of Material Science.  The technical manpower is being provided by AKEO AS, a Norwegian IT firm with a blockchain consultation arm and dapps development team.  

Business Model
Based on our expertise in Material Science, Cycled Technologies will develop recycling facilities that will, at the bare minimum, recover the original value of the waste we collect. These facilities will then sell the materials we recycle as raw materials for new products. The revenue from this facility will be used to fuel the incentive mechanism for the waste disposer and collector. The company will also sell its smart bins to organizations to run their social incentive based recycling campaigns while relying on the blockchain to fairly and transparently distribute incentives. At the core of our values is to ensure we upcycle all the materials we collect while empowering independent waste collectors with a higher financial and social status.

Timeline

Token Details

Maximum Supply: 1 Billion CYD
1 ETH: 25,000 CYD
Total Sales Cap (Presale and Main Sale): 500 Million CYD
Accepted currency: ETH

Presale: 10% | Mainsale: 40% | Cycled Technologies: 15% | Founders: 10% | Cycled App: 20% | Bounty: 5%

Presale

The presale is being ran to raise money to run pilots of our incentive models in larger scales. The aim is to reach a recycling rate of 10tons per day in Lagos and Sofia; representing developing countries in Africa and Europe. Exact dates will be announced.

Presale Breakdown

Complete app and smart bin prototypes: 30%
Lagos Pilot: 25%
Legal: 10%
R&D: 5%
Sofia Pilot: 30%

Cycled App

The tokens reserved for the CycledApp will be distributed among the countries we plan to operate and used as recycling incentives during the startup phase in each country. The figure below shows the distribution per continent.



NOTE: The Cycled App’s token allocation will be further distributed within countries and used as the early stage reward for recycling upon entry into individual markets. Each country’s allocation will only be released when we begin full operation in their market. Upon exhausting the initial allocation for each market, Cycled Technologies AS will buy subsequent tokens from the exchange to distribute as recycling rewards in that country. A proportion of the CSR contributions from other companies will also be used to buy Cycled Tokens in order to substantiate tokens attributed, in the app, to recyclables from contributing brands.

Media

Website: https://cycled.no/cycled-ico/
Whitepaper: https://indd.adobe.com/view/e6946d92-1974-4f18-9d9a-c1edd61a9d29
Lightpaper: https://indd.adobe.com/view/10e824ea-401b-4f76-b739-57f62a960181
Facebook: https://www.facebook.com/cycledTechnologies/
Twitter: https://twitter.com/cycledtech
Instagram: https://www.instagram.com/cycledtechnologies/
Linkedin: https://www.linkedin.com/company/cycled-as/
Youtube: https://www.youtube.com/channel/UCrjkOkXagIFKvpOOQStsLIw
Github: [updated soon]

Recognitions

Innovation Norway: https://www.facebook.com/innovasjonnorgetelemark/videos/2118141911769136/
Green Business Accelerator: http://en.greenbusiness.no/articles/new-disruptive-blockchain-technology---cycled-technologies-teams-up-with-akeo


So, what do you think?

[Fu.Sin]

I did not understand. Are you going to say that you are going to clean the landfills with garbage? Recycle recyclable materials?

[ayocycled]

I did not understand. Are you going to say that you are going to clean the landfills with garbage? Recycle recyclable materials?

We will be implementing a door-to-door waste collection system that will stop these materials from reaching the landfills. So indirectly, we are also cleaning up the landfills.

By picking up the waste from people and then rewarding them for sorting the recyclables at home, we could virtually invalidate the need for waste to be transported to landfills before they are sorted. It will be a crowd-source sorting system that allows recyclables head directly to the recycling facility from households.

[kaido19]

that unique way of working will improve the quality of recycling that has been done a lot, this will be useful for cleaning the environment quickly
very good

[ayocycled]

that unique way of working will improve the quality of recycling that has been done a lot, this will be useful for cleaning the environment quickly
very good

You are absolutely right. By ensuring the materials are picked up directly from the source, there will be less contamination and that increases its value significantly.

[pakbardi]

this project has a good purpose and concept, the platform like this will be needed all the people and environment in the world. hopefully for its progress can be smooth and success in the future.

[ayocycled]

this project has a good purpose and concept, the platform like this will be needed all the people and environment in the world. hopefully for its progress can be smooth and success in the future.

Thanks for the well wishes!

Since our inception 2 years ago, we have been able to divert more than 180,000 kgs of waste away from landfills. And this was in operations limited to Lagos and Dubai. Right now, we are hoping to put a community together so that we can take the concept global.

[xda-developer]

Idea is not bad, but I think that success of this project fully depend from the advertisement. I don’t see any articles on top news sites for example and I don't see banners on cryptosites. Just few days before pre-sale. How you sill attract investors?

[ayocycled]

Idea is not bad, but I think that success of this project fully depend from the advertisement. I don’t see any articles on top news sites for example and I don't see banners on cryptosites. Just few days before pre-sale. How you sill attract investors?

Based on the current trend in the ICO world, you have a good point. But we are not comfortable with raising money just to spend half of it on advertisements used to raise the money in the first place. First of all, it will be an irresponsible act towards the people who entrust us with their backing. Secondly, the key point behind this concept is sustainability and we would be living a lie if we believe we can be drive environmental sustainability while being financially unsustainable.

To answer your question regarding how we will attract investors, the team has a very strong private network in the clean tech, recycling and governmental sector (invite you to check our profiles on the web page), and have already been able to secure a substantial degree of commitment to the ICO. We are venturing into the crypto-world to also build a community of true believers in this world to complete the flavor.

Having said that, we have some banners out there albeit to a very focused target group.

PS: I updated the ANN with recognition from big players in the above mentioned sectors.

[ayocycled]

Hi guys! We just uploaded a new video on our youtube channel. It tells the full story behind the Cycled Concept: https://youtu.be/Sl7XppVauds

Enjoy!

[Crypto Girl]

Your goal is not that easy to attain but thru hard work and determination, i believe you can achieved your desired accomplishment. Where would you start your project? It would be a tough job and needs not only determination but resources and manpower, but how could we get some coins or token thru your garbage collecting scheme?

[merridaa]

I think this project helps human to handle the garbage, I totally agree with this project because human sampek now mash not yet know the benefits of garbage

[ayocycled]

Your goal is not that easy to attain but thru hard work and determination, i believe you can achieved your desired accomplishment. Where would you start your project? It would be a tough job and needs not only determination but resources and manpower, but how could we get some coins or token thru your garbage collecting scheme?

You are right about the magnitude of the task. Most of the team members are dedicated environmentalist and have lots of experience in sustainable waste management.

The start date of the project depends on your location. In August, we will start pilots in Lagos and Sofia. Other cities will follow Q1 2019. See more details about this  in page 18 and 19 of our whitepaper: https://indd.adobe.com/view/e6946d92-1974-4f18-9d9a-c1edd61a9d29

To get the tokens, you have to return your recyclables through any of our platforms (direct pick up or smart bins), and you will be attributed tokens that correspond to the quantity and cleanliness of your recyclables automatically.

[ayocycled]

I think this project helps human to handle the garbage, I totally agree with this project because human sampek now mash not yet know the benefits of garbage

Thanks Merridaa! And yes, we all have to start thinking of waste as a resource; which it really is. Check out our blog post that highlight why waste should be considered the world's 7th most important resource: https://cycled.no/recyclables-the-worlds-7th-major-resource/

[ayocycled]

Hello! I am editor from icoholder.com. Your ICO was added to our listing and now is available to investors: https://icoholder.com/en/cycled-21414 You can edit your Page by adding more information about your ICO after verification and also verify team members to improve ranking. 

One of the team member will contact you shortly

[ayocycled]

We just posted a blog post that explains why and how we are implementing the blockchain for recycling: https://cycled.no/blockchain-meets-recycling/