This is not a waste backed crypto token. This is a P2P decentralized electricity market token. You can also make electricity out of waste with Anaerobic Digestion. Waste is an unlimited renewable resource.
yeah, but why would you need blockchain for the matter?
now a days everyone wants to put something to the blockchain, but for some purposes blockchain is really not needed, here it is good as public ledger for storing transactions, so that you cannot do it retrospectively, but i do not see a point in using blockchain, or any token related to this purpose as successful, maybe i am wrong, but IMO this is not the right use case