Yeahhhh you thought the thumbnail was just metaphorical; Special effects budget for the
win..
Today Im talking about Green Life Energy; a renewable energy giant in the making, that
plans to run their entire payment ecosystem on their own token, GLE.
I get sponsorship emails from projects and companies literally every day that either
look pretty scammy, or are so unrelated to my channel that I just dont even bother replying
to say no - but these guys reached out and I spent a day digging through everything and
I think Im into it!
First, their whole staff is listed by name on their website with their pictures and even
their linked-in profiles so you can go creep on their social medias and like… see where
they brought their wife for their anniversary or whatever…
And the CEO isn’t some Chinese millionaire.
He isn’t some super famous youtuber, turned boxer turned NFT salesman, no he’s a Scottish
bloke who spent the last seven years working in green energy.
Sorry my only Scottish accent is Mike Meyers’ Shrek.
Is the guy Scottish?
I think he’s Scottish.
John Wood, has been a Forestry and Arboricultural Contractor for 15 years - hes been in Biomass
energy for the last half of that.
I got their marketing guy, bryan Green, on the phone and talked to him a bit about the
highlights of their thing..
For starters, they aim to fully be a utility company.
As in actually produce electricity and then sell that electricity - all of it will be
from some renewable source or another.
So this isnt just like a green themed token thats going to sell NFTs that make you feel
good - if theyre successful, they will actually have something that generates money.
What a novelty.
The point of the token is to be the payment system for the customers of said electrical
production.
Theyre developing a wallet app, that according to the roadmap should be out this year - where
customers of the electricity will be able to pay their bills using GLE tokens, and also
use it to send and receive GLE and other Binance Smart Chain compatible Nintendo money to people
they know like any other wallet.
Evidently theyre working to have the app integrated with all things electric, like car charging
ports and electric bike and scooter rentals.
(Huge if true)
GLE is on the Binance Smart Chain - which means pennies for transaction gas fees, love
that.
For now you can obtain it through pancake swap or by buying it on FLOOZ.trade, whatever
that is.
In both cases you’ll be best off using BNB or wBNB to get your hands on it.
I swapped it through pancake swap - super easy, just make sure to crank up the slippage
so it actually goes through.
Gas fees were like 4 cents!
Their plans aren’t just hopeful either - they very recently signed a partnership with a
biogas company called Pales and their umbrella compay Mundius over in Turkey.
Its a $200,000,000 deal over two years!
They are investing 200,000,000 dollars into bio mass and biogas operations, one of which
is already starting its operations!
Here’s John Wood with the Mundius guy!
And
with Mundius, they are setting up what theyre calling the Green Life
Foundation in Switzerland.
Its a non profit, where holders can stake GLE and earn a some percentage of the profits
from the actual power plant selling electricity, as well as the carbon credits that it will
create.
A carbon credit is a system for offsetting the amount of carbon a company puts into the
world.
So, for instance, if america needs a grand total of 3.9 Trillion Kilowatt Hours of electricity
for a year - and lets say a trucking company wants to consider themselves “Net Zero Carbon”
But their trucks put out 223 Tons of carbon per year (thats a real number for a semi truck)
- They can buy 223 Carbon Credits (A carbon credit is equal to one ton of carbon released),
which means theyre funding enough wind turbine or solar power buildout to make up for what
theyre pumping into the atmosphere, because those wind turbines or solar farms will mean
less coal fired electricity is used overall, to the tune of about 223 tons of carbon.
As long as everyone did their math right!
This is not a new system - just a new way to buy and sell the credits.
I checked the price of carbon credits and theyre pretty much always going up..
GLE is building out a Carbon Credit NFT Marketplace - which will give us all a whole new thing
to gamble on!
A whole new thing to invest in!).
So through their platform, you’ll be able to buy up carbon credits as NFTs and sit on
them for a bit, then sell them to I guess companies that need carbon credits to do dirty
dirty business at an almost always higher price.
They are hard at work with the powers that be, to integrate carbon credits into smart
contracts (NFTs) that can be bought and used to offset your big busness’ dirty habits.
Thats another thing these 200 million dollars worth of green projects are going to create,
is their own carbon credits.
When you have a mammoth biogas plant in turkey, well when you have any sort of large scale
renewable energy facility - you are awarded carbon credits that you can sell to like a
shipping company that runs on diesel so that your greenness offsets their…
sootness (Im REALLY oversimplifying this).
In this new market place that doesnt exist yet, investors can stake GLE tokens and be
paid rewards from the profits generated by these same carbon credits.
More real revenue into the system, rather than relying on more and more users all the
time to pump those numbers.
Currently, apparently, the process of buying and selling carbon credits is super slow,
and full of long steps and approvals and its just a bug bear.
But by wrapping them up in NFTs, as long as the process is legitimized by whatever governmental
force oversees this kind of thing, itll be basically like buying some cartoon thing and
having it sent to your wallet, except this credit will have an actual use (if youre a
dirty, dirty company, or just a price speculator).
They make specific notes on page 12 and page 20 in their white paper to talk about targeting
crypto miners as customers for their green energy buildout..
Theyre planning to plop down wind, solar and biomass plants “all over the world” and
since things like bitcoin mining are only going to use more and more power going forward,
if The Green Life Foundation can create the power cheaply enough, and do transactions
in crypto for power - they’ve got a pretty big automatic customer base.
As a bitcoin miner myself to the tune of .7 PetaHash - Id much prefer to be mining with
power created with no emissions if I have the choice.
Fun fact, we’ve hit the point where creating renewable energy is actually cheaper than
creating energy from coal or oil or nuclear.
So that adds a row of teeth to the survivability of this crypto shark.
There is a 4% TOKEN buy tax and a 4% token sell tax which go back into the liquidity
pool and into development for more projects.
As for the token itself - today it sits at just under four cents.
Looking back over the last month, considering how bad…
well EVERYTHING is doing, its actually hanging on really well!
They have a market cap of just 6.2 million today and there are a hair under 4,000 holders
of GLE.
They’ve completed everything in phase 1 of their road map, and are moving into phase
two out of 5 - so its pretty early on this one.
The used for this project was previously called GNL and that caused some controversy when
they switched over to GLE; apparently not everyone heard about it, and I saw some videos
claiming this was a rug pull or a scam when the GNL token price fell off the cliffs of
insanity.
Upon the initial swap over to GLE, there was a run up to 10 cents over the course of a
few days, and now its finding its footing while the stock market goes nuts and bitcoin
and ethereum took another sudden turn down in price.
No one can deny that the green energy sector is growing, and fast.
Most of the things I talked about in this video are the future plans for this company.
For right now - you can buy or swap into the token and be in extremely early..
IF these guys can find success in the plans they have - there will never be a better time
to buy in, before they have the market place, before they have the app, and just as they’ve
closed a really big deal and have actually dug into the ground to start making their
power facilities.
Im going continue to update the progress of the life cycle of this project as they move
through their roadmap and hopefully become a substantial part of the inevitable greenification
of our worlds electrical systems!
Im adding a section to my discord for discussion about GLE, find that in the description, and
please please please subscribe to my youtube so I can make the number on this little box
bigger.
Once it says 20,000 - I will give away an L3+ ASIC miner - that’s one of the milestones
where advertisers take me more seriously!
I have links in the description where you can see the chart, the pancake swap pair,
their website, telegram, discord and twitter accounts and start looking at this project
for yourself before making a decision about jumping on the train with me!
OF COURSE, though, like any cryptocurrency, some unforeseen force or failure could end
up standing in their way - so dont invest money you cant afford to lose.