PR: Fight Climate change with Green Cryptocurrency – 10 things to know about OUD

The 21st century has seen many technical and economic developments but unfortunately, we have also come across unparalleled devastation in the form of rapid climate change which affects every living being on this planet. As the global temperature keeps rising, there are still people who think climate change is not real. Due to this sort of discouragement and indifference, being eco-friendly gets difficult.

Fortunately, there have been several breakthroughs in eco-friendly products, ways of living, and even technology in recent years such as introducing a unique eco-friendly cryptocurrency. OUD Token is an exemplary project which aims to be an environmentally friendly and equally efficient cryptocurrency with an extensive climate-conscious community.

OUD Token is the brainchild of reputed crypto environmentalist Winsun HW Teh who is known for his work to protect the global environment. This particular crypto project was created to enable people to do their part in saving our world through small yet significant climate positive acts through the use of blockchain. There are millions of species of Flora and Fawna combined that are on the verge of extinction, about which most people cannot do something directly. But then OUD Token founder Winsun HW Teh reached the conclusion of using blockchain to handle the responsibility of ensuring a safer, greener, and more sustainable future. 

Let us take a look at 10 things to know about OUD Token in detail:

1. The first question that comes up in people’s minds as they hear about OUD Token is what does it do? OUD Token is a digital currency like many existing cryptocurrencies but what makes it different is that it is a “Green Cryptocurrency” which means it helps the environment and enables people to invest not in technology, finance, or industry but in the future of the planet itself. OUD Token protects a valuable and extremely rare tree species known in the wild by the name “Aquilaria.”
2. Aquilaria, the tree which is protected by using OUD Token is an exceptional species. This species is native to places like Indonesia, India, Cambodia, Thailand, Malaysia, Laos, and Vietnam. It is a beautiful yet lesser-known species whose existence is on the brink of extinction. The best thing about Aquilaria is its superior ability to offset carbon while using less water than other trees existing in nature. Thus, it can be used as a natural carbon offset provider of the highest quality.
3. OUD is also the name of the purest oil that comes from a high-grade Aquilaria or Agarwood tree. Not many people know that this oil can fetch more price than gold in the market. Oud oil is an essential oil that is best recognised for its unmissable aroma. In Middle Eastern countries, oud oil is used as a concentrated fragrance (also called Ittar). Agarwood also has many medicinal properties according to aromatherapy experts.
4. Although OUD Token is the first crypto project to have taken the responsibility to preserve Aquilaria trees for the first time these exceptional trees are also under the care and supervision of the Trust company that is over 30 years old.
5. The total OUD Token supply has been capped currently to 2 billion tokens while the maximum token supply is 7 billion. To create a balance between the plantation rate of Aquilaria trees and the token supply of OUD tokens, the team has decided that 100 tokens would be added to the total supply when mature Aquilaria trees are planted successfully.
6. As of now, OUD Token represents the largest and only carbon asset cryptocurrency in the world whose goal is to bring environmental protection with a unique financial opportunity. From its roadmap, it is evident that OUD Token is poised to breathe life into our dream of a sustainable future.
7. OUD Token is based on two highly utilised and popular token standards in the world of cryptocurrency. this is because the company wants OUD Token to reach as many users as possible. It follows Binance’s BEP-20 and Ethereum’s ERC-20.
8. Each Aquilaria tree planted through OUD Token’s mission would be taken care of and properly identified using a combination of information and blockchain technologies. RFID chips would be installed inside each of these trees along with their complete information. This data would then be uploaded on OUD Token’s blockchain so as to enhance traceability and transparency.
9. The aforementioned features put OUD Token in an agreeable position to accept various partnership offers from all kinds of green initiatives from around the world. The team of industry experts working on OUD Token are looking forward to seeing a positive response from the market.
10. OUD Token is currently in its ICO phase. OUD ICO would commence on 6th August and conclude on the 8th. But it would be available for trading on the Bitmart exchange starting 12th august, 2021.