EarthBi launches ERA token IEO on BitforexEarthBi, the green project dedicated to the diffusion of blockchain-certified biobased and biodegradable bioplastic, announces the next IEO of its utility token ERA that will take place on the Bitforex crypto exchange.
ERA Initial Exchange Offering will be available on Bitforex, the solid crypto platform, in two rounds:
first starting July 22, 2019 at 5 pm until July 23, 2019 at 5 pm (GMT + 8 ) at a price of $ 1.10,
while the second one from July 24, 2019 at 5 pm to July 26, 2019 at 5 pm (GMT + 8 ) at a price of $ 1.20 .
The trading of ERA token on Bitforex, on the other hand, will then be available starting from August 7, 2019 and for the ERA / ETH trading pair.
In essence, ERA token will allow buyers to get benefits on EarthBi bioplastics, both in terms of greater quantities of the material and discounts on bioplastic design products.
In fact, EarthBi bioplastic is eco-friendly, innovative and revolutionary. Based on renewable resources such as PLA - Polylactic Acid, which is in turn produced from sugar cane, this bioplastic seems to be a valid eco-compatible substitute in the various uses of traditional petroleum-based plastic which is literally polluting the planet.
In this regard, the EarthBi project intends to pursue its sustainable vision by spreading its biobased, biodegradable and compostable bioplastic, a material able of returning to Mother Earth in the form of fertilizer - compost - once its use and reuse cycle is over, with zero environmental impact.
Not only, the EarthBi bioplastic turns out to be innovative thanks above all to the blockchain technology use for the certification of the entire supply chain in full transparency. A public and open-source blockchain, deriving from Ethereum blockchain soft fork and able to rework smart contracts.
At the moment, the world bioplastic production represents only 2% of the total plastic production, which amounts to 400 million tons per year. A particularly thriving market if you only consider that the production cost of bioplastics is around $ 1.56 per kg and that the sale can reach well over $ 15 per kg.
EarthBi provides a total of 955 million ERA tokens for the entire project, of which 9 million ERA have already been purchased in the private-sale phase. For the current year and through the IEO and Listing, 31 million tokens have been made available.
Specifically, on the Bitforex exchange, 90,000 ERAs were made available for the first round and 340,000 ERA for the second one.
Furthermore, EarthBi is also preparing to announce an upcoming ERA token IEO on the ProBit crypto exchange. All details will be announced in the coming days.
