ReFi as a way to integrate cryptocurrencies into the environmental initiatives

For quite a long time of blockchain technologies existence in the digital world many concepts and ideas aimed at improving the real world have appeared. One of them is the ReFi concept which implies the creation and implementation of complex economic models, participation in which implies the use of modern technologies to preserve the environment and solve social problems.

In simple terms, ReFi is an analogue of decentralized financial technologies (DeFi), which main purpose is to introduce restorative or "regenerative" finance used in Web 3.0 projects.

Despite the fact that ReFi is still a new concept that has not been widely adopted, the potential of this concept is quite large and in the near future it may become a promising way to attract investment. How the ReFi concept is related to cryptocurrencies and how can it transform public opinion in relation to digital finance? We tell you in our new article.

In ReFi systems, increasing liquidity and making a profit is not the goal. Unlike traditional financial systems, the movement of liquidity here becomes one of the links in the chain of complex solutions to social, environmental and scientific problems. And people and companies investing in regenerative finance projects are trying to minimize the harm to the environment and the health of employees engaged in their own production.

One of the ways of such responsible investment, carried out with the help of cryptocurrencies, is the deduction of a certain percentage when issuing, selling and buying NFT tokens to support ReFi initiatives. Given the huge amounts of digital finance employed in the NFT trading market, their use as contributions to socially useful tasks or charity gives a special meaning to trading these tokens. Profitable resale of NFT solves several tasks at once: it brings profit to the seller, finances a useful initiative, and also strengthens the links between ecosystems. At the same time, NFT trading volumes can continue to increase for as long as necessary without the risk of damaging the planet. The sale and creation of NFT does not imply problems with logistics, waste disposal and recycling, or ethical problems.

Fees for the issuance, purchase and sale of NFT in favor of ReFi projects can be considered as a certain form of taxation. However, unlike the classical taxation scheme, the amount of payments is determined in a decentralized manner, and their distribution is more transparent, accessible to any user using blockchain browsers. One example of the use of blockchain in ReFi systems is the CELO blockchain, on the basis of which carbon credits are tokenized and a certain percentage of their sale is sent to organizations involved in the protection of the Amazon rainforest.
The daily volume of carbon tokens is still very small to talk about the massive introduction of ReFi technologies in the real and digital economy. According to CoinMarketCap, the trading volume is only about $64,000, which means that with all the importance of ReFi concepts, it is too early to talk about the practical benefits of regenerative finance projects.

One of the main incentives for the popularization of the ReFi concept may be the introduction of new, fast and efficient blockchain systems that can become a catalyst for the interest of token holders within these blockchains.

HAQQ blockchain can be used to create highly efficient blockchain systems that fully comply with the rules of Shariah. It has its own digital currency and a Fatwa issued by renowned Shariah scholars. The Evergreen DAO Fund, funded by the issue of Haqq base tokens and managed by network participants, is designed to support innovative projects. High bandwidth makes Haqq an ideal tool for implementing digital crowdfunding campaigns.

IslamicCoin is a digital currency conforming to the norms of Islam and Shariah, functioning in its own blockchain Haqq, which means "Truth". Already at the stage of closed sales, IslamicCoin aroused huge investor interest and was able to raise more than $ 200 million in just a few weeks. Unlike technically outdated Bitcoin and Ethereum, which have a lot of problems, IslamicCoin uses the full power of the most progressive blockchain technologies and is based on the most fair and reliable ideology and rules of conduct.

Successful investors choose ideology, technology and prospects based on something more than minor fluctuations in price charts. For almost 20 years of the existence of a new type of digital money, cryptocurrencies have not brought a drop of real value into this world, have not made people free, independent and happy.

And this means that it's time for a new type of finance based on responsible choices and new values!