Using Cryptocurrency To Fund Real World Projects

in LeoFinance8 months ago

We are often wondering what the ensuing evolution of cryptocurrency will look like. What is it that will help to push crypto into the mainstream?

While that is an answer that is based purely upon speculation, we know that tying cryptocurrency to real world use cases is vital. People need to be able to use crypto to meet the needs of their daily lives.

There is another area that crypto could serve a vital purpose. This is one that would really change the outlook upon the entire segment.


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Coingecko.com has the market cap of crypto (that they list) at roughly $250 billion. Imagine if that money was used to fund different real world projects.

Obviously, the ICO craze is now over. Also, with Telegram's recent exit from their crypto project due to the lawsuit filed by the SEC, things are going to be very difficult on that end.

That said, there are ways around this which do not include an ICO. The most obvious is the value created by cryptocurrency is funneled into projects that the world needs.

Here is an example of one that I came across on Hive here.

Please note that I am using this as an example and this is in no way an endorsement for the project. I have not researched it greatly but the concept is a good illustration.

It is a project called @solairitas. The idea behind this project is to use the Hive ecosystem as a way to fund a project where land is bought and a wind farm is set up. It is doing this through the use of upvotes and a token that was created on Steem-Engine (which is now on Hive-Engine).

By rewarding people who are involved in the project through delegation, token purchase, or direct involvement, the goal is to grow the amount of money until there is enough to buy the land and set up the wind turbines.

If they are able to pull this off, the project would reward the token holders through the sale of the power generated. This would provide a cash flow surplus as a basis for the value of the token.

For anyone who is interested, more information can be found in this write up:

https://peakd.com/solairitas/@solairitas/solairitas-white-paper

In my mind, this is one of the biggest opportunities for individuals going forward. The Venture Capital market is enormous although most of us are excluded from it since we tend to lack the liquidity. That said, those who are involved in it can make a fortune since they are able to buy into projects long before the general public. These are often the individuals who are able to cash out in a large way when a company goes public.

Of course, not everything is about making bank. The ability to get involved in those projects that we think will have an major impact on society is key. Since cryptocurrency has the ability to alter the path of humanity, we must being thinking about it as more than just changing the financial system. It can be the basis for growth in many other areas.


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I long felt that it was in each individual's best interest to keep accumulating tokens. Over time, as the "bags" grow, more options are presented. Certainly, the early stages of this entire industry is such that most of the money is "tied up". People are still speculating since, realistically, few have made life changing money. Most who are involved now are still working on getting to the point where crypto can fund their present lifestyle, let alone leave extra for investment.

That will not always be the case. As the entire industry grows, the value that is here also will expand. This is reflected in the personal holdings of the individuals.

What is key is that more tokens are being issued each day. While many are projects few would want to touch, there are more tokens of each main currency being distributed. Today, there is more Bitcoin than there was yesterday. At the same time, we see more HIVE distributed versus 24 hours ago. The bags are slowly growing even if that might not be reflected when comparing it to a fiat currency such as the USD.

Ultimately, a great deal of growth will be found, not in fiat to crypto transactions, but, rather, crypto-to crypto. We are seeing a formation of an economy that is able to usurp fiat completely. Obviously, a project like Solairitas would need to transact in fiat with the utilities. However, one the back end, all interaction could be done in cryptocurrency.

Imagine what could be done if, instead of $250 billion in cryptocurrency, there was $10 trillion. What kind of projects could be funded then?

Solairitas is an example of how a couple HIVE earned from one's social media activity can translate into having a stake in a renewable energy project.

What other possibilities will exist in the future?


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The green energy + crypto = decentralized energy
Crypto is ultimate poison for third parties, mediators, gatekepeers, hierarchy

Solid write @Taskmaster4550le.

Solairitas is an example of how a couple HIVE earned from one's social media activity can translate into having a stake in a renewable energy project.

I'm beginning to be more interested in crypto than ever now that it's application is beginning to reach out to real life projects. I'm writing on Crypto investment in agriculture and would likely be ready by morrow. I have an Afro-centric crypto that is investing in Agriculture and real estates and it's really looking cool and this would be a path for mass adoption. People do not really believe in virtual stuffs. When crypto is tied to tangibles, it grows the faith of potential investors and adopters.

Also, with Telegram's recent exit from their crypto project due to the lawsuit filed by the SEC, things are going to be very difficult on that end.

Really sad to here that Telegram's backing out.

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The SEC won that one @uyobong.

Yes I think moving things from the "virtual" will help cryptocurrencies enormously.

It is time for us to keep expanding and doing it rapidly. Pushing things as far as we can in a speedy fashion.

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In appreciation I have sent you 1 SOL and added you to the upvote list at 25%. 😀

Thank you very much @definethedollar.

I will look closer at the project. It is good to see new ideas being implemented. We need to experiment and try out new things.

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I am experimenting with this on a very small scale basis (however it is charity based). But I think more interaction is needed, and I am looking for feedback

https://peakd.com/hive-174578/@tobetada/project-streetheart-handing-out-1eur-worth-of-crypto-upvotes

We are currently working on a project that will return value to crypto investors.
It is based on a participation system that will assist charities on Hive.
Said project will not require any funding from the Hive pool and will not be submitted as a proposal.
Details will be released soon.

Crypto will indeed benefit from an image of being effective in the real world!

Thanks for the message @papillonharity.

Charity is another way that crypto can make an impact upon the world around us. Certainly, the direct contribution can help but also getting those who are suffering involved so they can start being rewarded themselves.

After all, teach a man to fish...

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Exactly our plan my friend. We have tons of unemployed university graduates here in South Africa. Empowerment is the name of our game and I think that we have found a way that both the participants and the beneficiaries can get something back.

Take care!

Wow! Thank you so much for helping to spread the word about the project!!!

It is a way to spend your HIVE to make sustainable energy investments happen, and doing so on Hive allows EVERY action the project takes to be visible on the chain (open and transparent). 😁

No problem @solairitas. Came across your project last night and felt it fit in this post.

I will look into what you are doing further. Havent had a chance to go through all your block posts yet.

An interesting concept to say the least.

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Thanks for the insider. A great option for long-term investments, if you are confident in the creator of the token.

I think cryptocurrency lacks liquidity. The more opportunities there are to buy “bread and circuses” for cryptocurrency, the more popular it will be.

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Certainly vetting projects and knowing who is behind them or having a belief in them is valid. Investing and being foolish do not seem to go together.

That said, having more outlets for crypto usage is the name of the game. Thus far, it is a bit slow in developing.

But who knows, like many things, we could see the dam burst and a ton of options open up.

We shall see how the next year unfolds.

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I will hope for a flight :)

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What other possibilities will exist in the future???

More than I ever imagined.

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I like your post more than mine for sure!

Good thought here.

What other possibilities will exist in the future?

We all know that cryptos are here to change many things. The process of changes always takes time. I have seen many nice stuff like the Solairitas and I know that there will be swift changes in the future.

Thank you for sharing this. I've purchased a few SOL on Hive-Engine to show support and see if I can further understand how this works. I'm still pretty new to the crypto space.

Last year, a few friends and I made a crowdfunding campaign to raise some money to build some bee hives. The project is called Bee Mountain. We reached our goal of $2,500 with a local crowdfunding startup and made Bee Mountain a reality. I have to say, It was really hard to reach that small goal, but still, for us it was a huge success. I feel like using blockchain might be a good way of helping our project grow, but I need to learn from you guys.

I'll definitely keep en eye out for what @solairitas is doing.