Argo Blockchain, the world’s first blockchain protocol to get carbon credits, has recently made headlines by becoming the world’s first climate-positive cryptocurrency. What exactly does this mean?

With this, Argo Blockchain shows its commitment to green energy and sustainable practices by offsetting 100% of its carbon emissions with carbon credits from planting trees in Australia and Indonesia.

What is Argo Blockchain?

Argo Blockchain Plc (the Company, Argo Blockchain, ABC or Argo) is an energy blockchain platform provider that develops and commercializes management systems for community-based sustainable energy trading.

Argo allows renewable generators to control their assets and revenue streams while optimizing asset production by ensuring power output matches accurate consumer demand signals.

The Company also enables consumers to automatically trade excess on-grid and off-grid power with their neighbors at prices reflecting real-time grid prices while allowing transparent and auditable accounting of transactions using blockchain smart contracts.

How Climate Change Works

Greenhouse gas emissions—namely carbon dioxide from fossil fuels, such as oil and coal—trap heat in Earth’s atmosphere. They are produced when energy is extracted or generated.

This then contributes to a warming of our planet, which leads to changes in weather patterns and climate conditions, which leads to…you guessed it…climate change.

Now, despite all that doom and gloom, climate change can be good if we harness its power correctly.

That’s where cryptocurrencies come into play (insert lighthearted joke here). In what might be one of the best developments in blockchain technology, Argo Blockchain Plc has announced that they will use their new cryptocurrency called Argo Green Coins (AGC) to mitigate climate change through emission reduction projects across Europe.

How Argo Blockchain Accomplishes This

Argo, who recently completed an initial public offering (IPO) and is based in London, has taken a unique approach to its mining.

Instead of using climate-damaging energy from fossil fuels, they’re relying on clean energy sources—solar, wind and other renewables. And by working with Blue Source Energy, which provides renewable power for blockchain infrastructure companies, Argo Blockchain can ensure that all its crypto coins are mined in a climate-positive way.

This makes them the first Company of its kind to pursue crypto mining and an IPO while also ensuring they keep their operations sustainable and environmentally conscious.

Benefits of Mining with Green Mining Solutions

Mining cryptocurrencies requires a lot of energy, so it’s not hard to understand why people who mine Bitcoin have increasingly worried about their electricity use.

Mining Ethereum is no less energy intensive, but there are ways to mitigate its impact on our planet. Blockchain firm Argo Blockchain has announced a new cryptocurrency called Eco, which will use green energy to mine it.

This is good news for those in green jobs because mining cryptocurrencies does require people to be physically present in many cases. By powering mining operations with renewable energy, Argo Blockchain makes itself more competitive than it would be if its only advantage were that it uses renewable energy versus dirty power.

Advantages of being Climate Positive

But, being climate-positive means, you are not causing any net carbon dioxide (CO2) emissions through energy consumption.

The Argo blockchain is an anonymous cryptocurrency developed to help combat climate change by incentivizing people to offset their CO2 emissions and plant trees with its tokens.

Regulators have recognized their innovative model in Canada recently began trading on an exchange and announced their IPO details.

Here’s how it works: when you buy ARGO coins, one token goes into a reserve fund used to purchase carbon offsets so you can balance out your energy usage or other things in your daily life that may cause greenhouse gas emissions.

Challenges in Cryptocurrency Mining

The climate impact of cryptocurrency mining, a primary economic driver in 2019, is becoming increasingly significant. In addition to using vast amounts of electricity and consuming massive quantities of cooling fluid, data centers are responsible for up to 10% of Iceland’s annual greenhouse gas emissions.

With growing concerns about global warming from increased CO2 levels and heat-trapping greenhouse gases (GHG), two new studies published in January 2018 indicate some cryptocurrencies—and thus blockchain technology itself—are far from climate favorable.

The studies published by Imperial College London (ICL) found that Bitcoin production uses enough electricity to power about 2.55 million U.S.

Why the Future is Green

We’re facing a climate crisis. Our planet is heating up, and it’s our fault. A team of Norwegian entrepreneurs wants to use cryptocurrencies to help save our future. Read on for more about their exciting new blockchain platform—and their plans for making Argo one of Europe’s hottest startups in 2018.

Become a part of Argo Blockchain

Why should you do so? Because while cryptocurrencies are, on one level, something of a fad (since they’re entirely speculative), they’re also a technology that we’ll be living with for many decades.

And suppose you want them to work for you and not against you. In that case, it’s essential to stay educated about how cryptocurrencies function – how they operate in real-world scenarios and their limitations – and keep up-to-date on the news surrounding their development.

How can other Businesses learn from Argo Blockchain?

Argo Blockchain offers a unique service and product and sets itself apart from many other businesses by being one of the first to complete an Initial Public Offering (IPO) via blockchain.

The Company’s website states that within six hours of going live on December 29th, 2018, all tokens were sold at $1 each (although 70% of those tokens were issued as bonuses for early buyers).

Shares of Argo Blockchain are no longer publicly available on any cryptocurrency exchange that tracks stock prices.

No matter how you look at it, not only is Argo Blockchain a fast-growing cryptocurrency with already over 4 million users; but it is also one of very few stocks in history to be both climate positive and 100% owned by its community.

FAQs

What is Argo’s mission?

Argo was created to demonstrate how sustainable projects and blockchain can fit hand-in-hand, creating a prosperous future for investors and people alike. # How does Argo make money? The most immediate source of revenue will be transaction fees. However, as an ERC20 token on Ethereum, our team is also exploring other sources of income, such as decentralized applications built on top of our blockchain, which we call Project Smart lands.

How does Argo make money?

Argo charges a 1% transaction fee. Token holders receive funds proportional to their token holdings based on their ownership of Argo tokens. You would receive 0.5 tokens for every Argo Token you hold if you had 50 Argo Tokens (1% of all available).

Is Argo Blockchain a good investment?

Investors who missed out on getting a piece of Argo blockchain stock during its IPO may be looking to buy shares in a secondary market, such as from another individual or an online brokerage account. Before jumping at that opportunity, however, it’s essential to understand what it will take for blockchain stocks to continue their upward trend. This is particularly true for those wanting to invest in the Argo blockchain because of its climate-positive cryptocurrency offering.

Does Argo Blockchain have an IPO?

Yes, Argo Blockchain has an IPO. An Initial Public Offering or IPO is when a company offers shares of ownership in their Company to investors. An IPO allows investors to purchase stock at its suggested price during an offering period (before opening to trading) and can be used as a way for companies to raise money and for investors who missed out on earlier financing rounds to have access to an ownership stake in a company.

Is Argo Blockchain a Buy?

Argo blockchain just made its IPO on Nasdaq today, and if you haven’t invested yet in ARGO, then now is a great time to invest. If you have never invested in cryptocurrency before, I recommend using something like ARGO, which has an actual use case. For example, do your research and see if ARGO can reduce our carbon footprint compared to other cryptocurrencies out there.

Conclusion

Argo Blockchain recently had an initial public offering (IPO). It raised over $1 billion and became one of only a few blockchain-based companies to go public. Argo’s focus on building a more inclusive, energy-efficient blockchain and its position within the emerging blockchain space attracted many investors.

However, at what cost does increased efficiency come? For Argo, it was clear that improving climate impact was critical to its sustainability goals, which is why it built solutions from day one that produced actual environmental outcomes.