Poseidon Foundation (OCEAN) ICO

updated 17 July 2018

Poseidon is a non-profit foundation that empowers people to save the planet with every retail point-of-sale purchase through its platform.

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Status: ended
Public sale: 01 Jun`18-29 Jun`18
Cap: 3 160 000 USD
Goal: 100 000 000 USD
Price: 1 OCEAN = 0.28 USD
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The Poseidon Foundation

Using blockchain technology, Poseidon’s platform can harness global concern over climate change to make and track an impact where it matters most; the forestry and land-use sector. It will provide a vital new tool for retailers to shift behaviours and integrate real climate action in their business models and every retail transaction at the point-of-sale. This transforms the consumer’s engagement with their carbon footprint from gesture (occasional donations) to behaviour (constant contributions).

Poseidon’s blockchain platform means that for the first-time carbon credits can be transacted in grams. Previously, carbon credits were only ever purchased in kilograms, so the purchase of smaller items, like a single coffee, couldn’t be offset. Now thanks to micro-transactions, Poseidon’s platform allows any product or service’s carbon footprint to be rebalanced at the point-of-sale.

Poseidon’s token will use the Stellar platform, which is the most environmentally friendly blockchain platform as unlike others it requires no energy-intensive consensus mechanism. A transaction on the Stellar network has an environmental footprint that is even lower than that of a transaction made with a Visa card.