W6580KR: Recycle for Life

Recycle for Life

Why Blockchain?

Blockchain can be a confusing concept to understand. Blockchain technology is a relatively

new concept, but is a growing piece of foundational technology just like the internet or cloud

computing. Similar data structures have existed long before the emergence of the popular

cryptocurrency bitcoin was conceived. However, the principal theories and forms of blockchain architecture in use today were first outlined in the first bitcoin whitepaper published

by satoshi Nakamoto in 2008. Blockchain can be defined as a continuously growing list of

digital records in packages called blocks linked and secured using cryptography. These digitally recorded blocks of data are stored in a linear chain where each block contains several

chains. Each block in the chain contains data which is cryptographically hashed and time

stamped. The blockchain technology is enhanced by the distributed ledger technology. A

distributed ledger technology is a consensus of replicated shared and synchronized digital

data geographically spread across multiple sites, countries and institutions. In simple terms,

blockchain is a distributed ledger. Which means that a ledger is spread across the network

among all peers in the network where each peer holds a copy of the complete ledger. Users

of this distributed ledger technology significantly benefit from the efficiencies and economics by creating a more robust environment for real time and secure data sharing. There are

many other distributed ledgers apart from the bitcoin blockchain. These include, the ethereum network, cardano, waves, EOS and many others that have sprouted all over in the last few

years. Blockchain technology is being used and applied in many aspects of human lives to

solve various problems. Some of the key attributes of blockchain technology which proves

that Blockchain is becoming a better system of solving some issues rather than traditional

systems of ledger information keeping.

Introduction

Recycle for Life is a California Department of Toxic Substance Control Registered Universal

E-waste Handler. RFL is involved in the transportation of all e-waste to environmental protection

Agency certified Facilities. Recycle for Life started operations as a company in January of 2010.

It was created as a nationwide ink and toner cartridge recycling company. Recycle for life has

collected over 500,000 ink and toner cartridges in the first year of its existence. In march 2012,

Recycle for Life transitioned to the business of commercial e-waste logistics as an e-waste handler in Southern California.

Last year, Recycle for Life delivered over 1 million pounds of e-waste picked up from over 8,800

businesses since 2010 and have 3,450 active clients. Keith Harris, the founder of Recycle for Life

has been involved in the recycling and reuse of electronic accessories since 1996. Recycle for Life

wants to leverage on blockchain technology to create a system based on the blockchain network that will reward subscribers to their newsletter and to the Recycling Awareness Association.

These tokens will also be awarded to recycling plants, recycling processors, users with recycling

receipts and users who forward to at least 5 emails to others information regarding our e-waste

recycling services.

Mission

Our mission as RFL is securing a green and safe environment through the provision of e-waste

management services. We aim to create massive e-waste recycling awareness across the country

through a blockchain based token reward system.

Background and Problem

When China banned 24 kinds of solid waste in September 2018, countries such as the USA,

United Kingdom, Australia and Japan realized they had a huge problem. Until last year, China

accepted 70 percent of the World’s electronic waste. Electronic waste included the discarded

computers, cellphones and printers, televisions, microwaves, smoke alarms and other electronic

equipment and parts. After china stopped accepting this e-waste out of concern for its environment, Europe and North America began

Ethereum network

Recycle for Life tokens will be supported by the Ethereum Blockchain. The ethereum network will facilitate payment transactions on the RFL blockchain. As discussed earlier in

this whitepaper Ethereum is a platform for launching decentralized applications with the

Ethereum virtual machine as its core. The platform has the ability to execute and deploy

smart contracts and store data. The EVM also deploys consensus for the Blockchain.

Ethereum tokens are the digital currency that represents real transactions that result of

from transactions and mining within the ethereum network. The RFL Token also follows

the ERC223 standard as well, such that it can be easily implemented into other services

within the RFL ecosystem. In essence, ERC223 is a set of rules for the tokens to follow.

Ethereum takes a different approach when compared to other blockchains and functions

as a platform through which people can use tokens to create and run decentralized applications and create smart contracts. Smart contracts are basically a contract, but instead

of being physically written or in a digital format it is in a code. The creator of the code then

uploads it on to the blockchain. The progress of the contract is tracked and stored on a

public ledger which makes it tamper proof

Recycle For life Ecosystem and Tokens

Basically, our ecosystems are an incentive-based system whereby we seek to distribute

tokens for colleges that subscribe to our newsletter, users who forward to at least 5 emails

where each would get between 20 to 100 ERC 20 tokens. Our newsletter will periodically

educate and inform our subscribers on E-waste problem, how to handle properly and all

related information regarding e-waste. Also, we will be seeking E-waste handlers and processors to reward them with our tokens if they produce a receipt showing that they have

recycled their E-waste. Another target for our tokens will be those that join the Recycling

Awareness Association. This is a nationwide network which seeks to increase awareness

regarding E-waste and metals recycling.

Token Details

Token: RCL

Token exchange rate: 1Eth=100RFL

Total Supply: 1,000,000,000(1 billion tokens)

Project protocol: ERC 20

Payment: Ethereum

TOKEN SALE

Start Jun 22, 2020 (9:00AM GMT)

Number of tokens for sale 1,000,000,000 RFL (100%)