Land Betterment Corporation innovates on the environment with the LBX crypto token

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LBX Token is the Environmentally Positive Cryptocurrency Aimed at Incentive to Environmental Cleanup

FISHERS, Ind. –News Direct– Land Betterment Corporation

FISHERS, Ind., September 30, 2021 / 3BL Media / – Land Betterment Corporation (Land Betterment or the Company), an environmental solutions company driving a positive impact by recycling old coal mines and industrial sites to create community development sustainable and job creation, is an innovative environmentalist with his Land Betterment Exchange (LBX) crypto token.

The LBX token is an ERC-20 token delisted from the Ethereum framework that turns the tale on how to encourage clean-up of abandoning environmental responsibilities. It is the first cryptocurrency to channel investment funds into land reclamation and to harness those investment dollars by providing positive economic incentives. Before the LBX Crypto Token, the system and the only solution was a negative-based model that fines or penalizes companies for trying to force them to clean up the environment. One of the inefficiencies of this model is that many penalized companies are struggling or even bankrupt as our energy mix moves away from fossil fuels. Companies have therefore historically carried out the strict minimum of environmental remediation. Additionally, with a high number of bankruptcies, there is a huge funding gap to actually repair the scarred land left behind by fossil fuel mining or drilling operations. With over $ 15 billion in estimated environmental liabilities related to fossil fuels, it is clear and obvious that the current model has not worked and can no longer be used to address this growing problem.

Mark Jensen, executive chairman of Land Betterment Corporation, said LBX tokens focus not only on making environmental progress, but also on developing auditable, verifiable and agreed-upon procedures to make it easier to monitor and account for remittance work. current land condition to address adverse environmental impacts. of the fossil fuel industry. Reversing the current system, based on fines and penalties, which clearly has not worked, the LBX Token program is the first-ever program that truly encourages environmental clean-up of land affected by the fossil fuel industry through a innovative, non-fiduciary system, free market approach, while accelerating a smoother transition from fossil fuels.

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How it works

Instead of a negative incentive model, LBX uses a positive-based incentive reward system for successful environmental reclamation of affected lands. Essentially, as the environmental work is finalized, the LBX tokens are earned and issued to the party doing the work, applied for such tokens, and was approved at the rate of one token for $ 250 of environmental cleanup. carried out. LBX tokens will soon be traded on well-established crypto exchanges, which will set a market price for each token for value and monetization. In addition to incentivizing companies to actively remediate affected lands, a fungible and transparent token will also incentivize third-party sponsors to participate and fund additional cleanup of environmental liabilities.

In addition to the normal demand dynamics of the cryptocurrency market, crypto investors can benefit from several unique attributes offered by LBX Tokens, including:

Total issuance of LBX Tokens will be capped at 80 million tokens to control total dilution

LBX tokens will create a transparent and secure market while enhancing the environment

Increase interest, awareness and acceptance of cryptocurrencies among environmentalists

Establish a Cryptocurrency Focused on Fundamentals and Aligned with the Environment

To learn more about LBX tokens, visit https://lbxtoken.com/

About the Land Improvement Corporation

Land Betterment Corporation, an Indiana Benefit Corporation and pending B-Corp, is an environmental solutions company focused on promoting positive impact by recycling old coal mining sites to create sustainable community development and job creation. The company uses a comprehensive, solutions-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment achieves this by identifying unrecovered, dilapidated and neglected coal mining sites, repairing the environment through reclamation and remediation, and then reallocating the land to support a sustainable business serving the community. . Land Betterment firmly believes that with real solutions, it is possible to restore affected areas to live side by side with long-term employment, while creating a sustainable and safe environment for communities and our planet. For more information, visit landbetterment.com or connect with the company on Facebook, Twitter and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause results, performance or achievements actual or industry results differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the control of Land Betterment Corporations. The words believe, may, will, should, would, could, continue, seek, anticipate, plan, expect, intend, estimates, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are made. do not contain such identifying statements. words. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot guarantee that the projected results or events will be achieved.

Company details :

Mark LaVerghetta317.537.0492 ext. 0Head of Governance, Corporate [email protected]

Stephanie Conzelman 207.205.0790 Director of Stakeholder Engagement [email protected]

See additional media and more ESG stories from Land Betterment Corporation at 3blmedia.com

See the source version on newsdirect.com: https://newsdirect.com/news/land-betterment-corporation-innovates-environmentalism-with-the-lbx-crypto-token-496966626

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