Greenland Crypto Token - Explained

GREENLAND CRYPTO TOKEN - EXPLAINED

Greenland is an eco-friendly Lending and Savings protocol built on the Energy Web and BSC networks. They are designing the finance of tomorrow: decentralized and green. But what does it mean Let's find out.

For months, decentralized finance has been gaining momentum because of the solutions it’s bringing to investors. Nevertheless, the majority of the DeFi dapps are built on energy-intensive blockchains with high gas fees that have an extremely negative impact on the environment and on investors’ finances. For example let's check Bitcoin's (The most popular cryptocurrency) environmental impact. As the crypto market grows in popularity, so does the need for the electric power required to run it. This is primarily due to Bitcoin mining, which involves extensive use of heavy computing power to verify the hundreds of thousands of daily Bitcoin transactions. And as the world’s most popular cryptocurrency garners increased public attention, many investors, media outlets and critics are raising concerns about its high energy consumption and potential negative impact on the environment. Bitcoin’s annual energy consumption in terawatt-hours. It’s not easy to accurately determine Bitcoin’s energy consumption because of the complex nature of the calculations involved. However, estimates suggest that in the beginning of 2017, Bitcoin was using 6.6 terawatt-hours of power a year. By October 2020, this figure had increased tenfold to 67 TWh — enough to support over 6 million U.S. homes. At present, the Cambridge Centre for Alternative Finance estimates that Bitcoin’s total energy consumption lies somewhere between 40 and 437 TWh per year, with a median estimate of around 127 TWh. And it’s likely to continue to grow in the future, unless the value of Bitcoin drops substantially.

Bitcoin now uses more energy than Argentina. And all this is a disaster for our planet. That's why investors are moving to eco-friendly cryptocurrencies. That’s why GreenLand aims at making the decentralized finance greener, by developing a DeFi protocol that provides lending and savings services on the Energy Web blockchain, a highly scalable network that consumes less energy than a building. Basically the GreenLand token (GLand) is a BEP20 token but the Energy Web integration will be done in early July. As it is much easier to raise the necessary funds for development through the BSC theyMare launching their project on this network and then proceeding with cross chain integration on Energy Web as soon as possible.

To understand how it all works you need to understand what flash loans stand for?

Flash loans are the first collateral-free lending option in DeFi, designed to make it possible to borrow instantly and easily, without the normal amount of collateral needed. The only stipulation is that liquidity must be returned to the pool within one transaction block with the addition of fees being paid for using the tool. In the event that the borrowed liquidity is not returned in a transaction block, the entire transaction is reversed to effectively cancel the actions initiated up to that point. Please note that users will have to pay the cost of gas in these transactions. Flash loans are a powerful tool that allows for a variety of DeFi strategies such as advanced collateral exchange, arbitrage and self-liquidation protection. Land, earn interest or borrow through the GreenLand protocol. The benefits of Greenland flash loans. Unlike their main competitors who offer energy-intensive flash loans with high transaction fees, GreenLand users will be able to take out flash loans using a multitude of assets on the market, all while paying low gas fees and having a drastically reduced ecological impact. Also, as long as there is liquidity, GreenLand users will be able to use flash loans with any asset.

In addition, GreenLand will support innovative new token technologies, such as elastic tokens and synthetic assets, due to its permissionless nature. This means a much broader spectrum of use cases. Thanks to the highly scalable energy web network, GreenLand's flash loans will be much cheaper than one of the most popular flash loan products on the market today, Aave's running on ethereum.

SAVINGS

GreenLand savings is designed to make GLand a passive income generator through the energy web blockchain. GreenLand Savings will allow optimizing returns through a multi-chain yield-farming mechanism for GLand token and stable coins farming, with the highest possible risk-adjusted returns. To maximize returns, the protocol employs the highest risk-adjusted APY's. Whereas it leverages the DeFi Score framework to assess and analyze the dynamics of protocol risks. GreenLand will provide a user-friendly interface to democratize DeFibased farming and make it accessible to all. The greenland token (Gland). GLand is the native utility token of the GreenLand protocol. The token will have multiple use cases for governance, platform utility, and much more. It is initially a BEP20 token but a migration to the Energy Web blockchain will be done shortly after the launch.

DUAL INCOME STREAMS

GLand provides an automatic dual stream of passive income for holders.Inflation pays you, which means that the increased supply of GLand is instantly distributed and reflected in the holders balance. Additionally, a tax and burn mechanism is applied. 2% of each transaction is instantly and equally split between the GLand token holders and a burn. And as already was mentioned, the best this is the eco-friendly part of their project as their purpose is to develop the first lending and Savings solution on the Energy Web blockchain (which is by far the cleanest network).

Well, let's take a look at Gland tokenomics.

Total supply: 100,000,000.

GLand Presale: 60,000,000.

GLand Liquidity: 20,000,000 (Locked 2 years; 12.5m for PancakeSwap & 7.5m for CarbonSwap).

GLand Reward pool: 10,000,000.

GLand Development: 10,000,000 (Locked with a 25% unlock each quarter).

Total reward pool of 10,000,000 GLAND will be distributed under incentive programs including yield farming and liquidity pools over a period of 24 months. In the description I left a link to their official website, same with their telegram group where you can chat with fans and ask any questions related to this project. But, note that I'm not forcing you to invest in this project. It's 100% your personal decision. Always do your own research before investing in any projects.

Comment down below what do you guys think about this project. Thank you!