YouHodler awards Tesla Model 3 to winner of Greening Bitcoin initiative
News and research before you hear about it on CNBC et al. Claim your 1-week free trial for Street Insider Premium here.
Zug, Switzerland, December 16, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) YouHodler, a fintech platform that helps both beginners and experts access the benefits of the crypto economy, announced the winners of its campaign dedicated to highlighting the importance of reducing Bitcoin’s carbon footprint.
The winners of the YouHodler initiative to make Bitcoin greener are:
- Michael from Moscow, Russia, who won a Tesla Model 3
- Atlanta from Melbourne, Australia, which received a Vespa Elettrica scooter
- Jean-Pierre from Brussels, Belgium, who got an electric mountain bike
Their photos are available here.
The campaign ran from September 1 to October 31. All prices directly contribute to reducing the carbon footprint as the switch to electric vehicles is considered one of the most important pillars in slowing climate change. YouHodler has also partnered with ImpactScope, which will offset the carbon footprint of Bitcoin transactions made by participants and donate to one of the following projects: Grassland Restoration in Kenya, Wetland Conservation in Borneo, or Forest Conservation. tropical in Brazil. Thanks to the collaboration, each participant was able to offset nearly 2.6 tonnes of carbon footprint (the total amount of emissions offset is 334.5 tonnes).
“On the one hand, crypto tokens have their undeniable advantages which are shared by users around the world. On the other hand, mining Bitcoin produces as much carbon dioxide as the entire country of Sri Lanka in a year, ”says Ilya Volkov, CEO and founder of YouHodler. “As a responsible crypto company, we felt it was important to step in and push the industry to work on this issue and ultimately make Bitcoin green.”
YouHodler’s solutions open up connections between crypto and the real world, allowing people to use their crypto assets without spending them. YouHodler helps people discover the benefits of holding cryptocurrency, avoiding negative or zero rates compared to traditional bank savings accounts. The main goal of the company is to get people to stop passive holding and start using crypto assets now. With YouHodler, users can buy and sell crypto anytime, use it for purchases, or put it into a reward account that earns up to 12% return. Additionally, they can trade cryptocurrencies, fiat, and stablecoins and get instant cash and crypto loans with their crypto assets serving as collateral.
YouHodler is a fintech platform that helps people access the benefits of the crypto economy. It allows users to get instant cash and cryptocurrency loans, trade crypto, fiat, and stablecoins quickly and easily, and earn up to 12% APR + compound interest using crypto in their reward account. The platform has the highest loan-to-value ratio (90%) with minimum loan amounts starting at just $ 100 and accepts the top 30 coins as collateral with an instant credit card and bank withdrawals included. YouHodler supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. User funds are protected by Ledger’s industry-leading, independently certified security technology and their insurance program. The company is a brand based in the EU and Switzerland. For more information, please visit https://www.youhodler.com