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Power One AB takes the fight against global warming

Pressmeddelande   •   Dec 04, 2019 15:49 CET

Power One does not consider that it is smart to allow companies and organisations to buy itself free of CO2 emissions and the company is now launching Ceeotoo Token that allows them to make money on reducing emissions instead.

Ceeotoo is an upcoming cryptocurrency where the value of each token corresponds to 1 ton reduction of carbon dioxide. Following the implementation of the ICO calculated on February 3, 2020, Ceeotoo will distribute the equivalent of $ 100 per ton of carbon dioxide saved. This means that a company institutions and private individuals should be able to apply for a distribution of Ceeotoo Tokens when showing saved CO2. In the long term this model can make a significant difference to our hard-pressed climate.

Ceeotoo also intends to acquire unexploited crude oil and keep it unexploited in the ground and also in this way prevent emissions. In addition, 5% of all income from the coming ICO will be used to plant trees and thus store CO2.

Power One has full confidence that interest in this model will be considerable.

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