Land Betterment Exchange
Environmental Services - Fishers, Indiana, United States
Land Betterment Exchange Employees
Land Betterment Exchange Details
The Land Betterment Exchange Token ("LBX") is built off the ERC20 Ethereum framework. LBX is intended to serve as a form of payment for retail goods and a medium of exchange, and to provide a financial incentive to accelerate environmental cleanup of lands that the fossil fuel industry has negatively impacted (while also creating environmental jobs in rural distressed areas), by establishing a process to provide LBX at a fixed issuance rate to persons completing certain environmental remediation projects. Furthermore, it is expected that LBX will incentivize market participants to accelerate the transition within the United States from fossil fuels to alternative energy sources, to the extent that closing and remediating active fossil fuel sites in exchange for LBX is more profitable than maintaining current operations. The LBX Token Issuance Process ("LBXTIP") is structured to offer complete transparency and verifiable standards with regards to earning LBX as a result of completing certain environmental remediation projects. The LBXTIP is exclusively managed by Land Betterment Corporation ("LBC"), as the LBX Token Issuance Partner, referred to herein as "LBC." LBC is an Indiana Benefit Corporation and Pending B-Corp that fosters positive social and environmental impact by up-cycling former coal mining sites and other negatively impacted lands to create sustainable community development and job creation.
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