Introduction
Planet Earth is facing a severe environmental crisis caused by plastic waste. Over 8 million tons of plastic enter the ocean each year, and it's estimated that by 2050, there could be more plastic than fish in the world's oceans by weight. According to recent estimates, there are over 5.25 trillion pieces of plastic debris in the ocean, which have a devastating impact on marine life and the environment.
Since the 1950s, global plastic production has increased exponentially from 2 million tons per year to over 400 million tons in 2020. Approximately 91% of plastic is not recycled, ending up in landfills, the environment, or being incinerated. PetgasCoin provides a sustainable solution to this problem by incentivizing people to eliminate their plastic waste patch, transforming it into non-fossil fuels to inject profits into the liquidity pool.
PetgasCoin tackles the global problem of plastic waste. It's a regenerative DeFi protocol built on the Solana blockchain that will incentivize the community to eliminate waste plastic and contribute to building a greener planet. We can encourage our community to take action and contribute to a greener planet while promoting the use of new energy that will equilibrate the dependency on fossil fuels.