H20 securities, the South African startup behind world’s first water cryptocurrency, has raised $150 million from its token sale and listed on the BitMart exchange, the first of many exchanges they will be adding in the coming months.
The token has also been listed on the ApeSwap DeFi platform.
The listing makes the $H2ON token tradeable (Buy/Sell).
$H2ON is the world’s first Water Utility Cryptographic Token that enables a quicker deployment of water infrastructure and solutions. The goal of the token is to help finance water projects internationally.
H2O Securities developed the H2O Water Network and the world’s first Water Utility Cryptographic Token – $H2ON. The goal of the token is to help finance water projects internationally.
H2ON is designed to connect real-world water producing plants via IoT (Internet of Things) to the blockchain and controlled by immutable smart contracts.
Network participants in the H2O Water Network can use their $H2ON Token holdings to:
Connect more water plants to the H2O Water Network
Add water network services
Buy/ Pay for services connected to the H2O Water Network
Recently, the project drew funding support from GEM Digital who put up a $150M investment.
This significant investment from GEM Digital, a $3.4 billion Bahamas-based assets investment firm specializing in alternative investments, shows their belief in the power of H2O Securities new water delivery infrastructure system, the H2O Water Network powered by the cryptocurrency ($H2ON).
According to Julius Steyn, Founder and CEO, H20 Securities:
“We believe that through H2O Securities’s H2O Water Network, that combines the strengths of traditional and decentralized finance, as well as the linking of real-world water producing assets with blockchain markets, we can produce more water infrastructure faster and more cost effectively, thereby contributing to a more sustainable future.”
– CEO, H20 Securities
Buying a $H2ON oken gets you or more units of water from the H2O Water Network, and grants the holder access to the network. The $H2ON Token can be freely traded on any DEX or CEX where the token is listed and can be staked for periods between 30 and 730 days.