The BitGreen foundation is proud to announce that it has initiated the migration from its own blockchain to a Substrate-based chain, with the intention of active involvement in the growing Web3 ecosystem. This decision follows a community-wide vote where the BitGreen holders showed overwhelming support for the migration.
BitGreen, a decentralized nonprofit organization incorporated in Wyoming U.S.A, was founded in 2017 as a community-driven project aimed at providing a sustainable alternative to Bitcoin. The project, a Bitcoin fork, has been an early innovator in the application of proof of stake consensus and use of masternode governance. Since its successful launch and incorporation as a nonprofit, the community has expanded its mission to the goal of serving as a true global impact currency.
The foundation is building an ecosystem of opportunities, impactful actions such as volunteering or recycling, that are rewarded with the protocol’s tokens (BITG). These everyday impactful actions are matched with opportunities to spend impactfully; with a growing global community of vendors, service providers, impactful charities and offset partners all committed to accepting BITG as payment. Through strategic partnerships with mission-aligned companies and organizations who intend to use the token and underlying technology (a white-label backend database and the BitGreen wallet module), the BitGreen foundation replaces disparate point and rewards systems with a single, interoperable, blockchain-powered, and liquid impact currency.
More detail: https://medium.com/bitgreen/bitgreen-to-migrate-its-project-and-join-the-substrate-ecosystem-6ea08507f220
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