Carus Recycling - A decentalised Recycling dapp that rewards users and Community in cUSD
Short description
Carus Recycling is a dapp that allows users to effortlessly schedule their plastic waste from their door step and rewarding them instantly on the spot into their MiniPay wallet. It allows communities to come together through the agent system where each community/street has a designated collector that goes door to door to collect thier. plastic waste using the agent system and instantly credit the recyclers on the spot thereby fostering a regenerative and collaborative economy.
Users can use this rewards too purchase airtime, pay for utilities.
Team
@differentabdul who has a half a decade of experience in the sustainability industry, co founder of RecycleX and project manager at Roca Celo
Tofunmi Akintunde over 5+ years as a Full stack web developer
Joshua 3+ years in the blockchain industry
Long Description
Here is a more detailed description of Carus Recycling and their innovative approach to leveraging crypto and blockchain technology:
Problem: Global waste management and recycling rates remain woefully inadequate, with a significant percentage of recyclable materials still ending up in landfills or the environment. This issue is exacerbated by a lack of consumer engagement, limited transparency, and inefficient waste collection and processing systems.
Solution: Carus Recycling is a pioneering waste management company that aims to revolutionize the industry through the strategic integration of cryptocurrency and blockchain technology.
The core of Carus’ approach is the Carus Coin, a stable cryptocurrency that serves as the foundation for their innovative recycling ecosystem. Users can earn StableCoins by participating in the company’s comprehensive recycling program, which rewards them for properly sorting, collecting, and contributing recyclable materials.
Interesting & Innovative Features:
- Tokenized Rewards System: The StableCoin provides a direct financial incentive for users to recycle more and better, with the coin’s value tied to the quantity and quality of recyclables contributed.
- Transparent Waste Tracking: Carus leverages blockchain technology to offer users complete transparency into the journey of their recyclables, from collection to processing and reuse.
- Integrated Micro-Payments: Users can seamlessly pay for waste collection services and other related offerings using their StableCoins, reducing friction and enabling easy micro-transactions.
Total Addressable Market: Carus Recycling targets the African waste management and recycling industry, which is projected to reach a market size of over $50 billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.
Go-to-Market Strategy: Carus Recycling is initially launching in select metropolitan areas, where it will leverage strategic partnerships with local municipalities, waste management providers, and sustainability-focused organizations to rapidly onboard users and establish its presence. The company is also exploring opportunities for international expansion, leveraging the cross-border capabilities of its cryptocurrency-based platform.
By seamlessly integrating cryptocurrency and blockchain technology into the waste management ecosystem, Carus Recycling aims to drive widespread adoption of sustainable recycling practices, foster a more transparent and efficient waste management industry, and create a thriving circular economy that benefits both individual consumers and businesses.
Technical Implementation (optional)
During the Celo camp, we built a simple user-friendly dApp on Minipay that allows users to schedule pick-up, from there door step and getting credited into their Minipay Wallet.
We also added a daily claim that allows every recycler to earn some token daily depending on what they recycle into their Minipay wallet.
Check out Carus Recycling demo on Minipay Carus Demo
Next Steps (optional)
- Lauch Carus on Minipay.
- Partnership with the the ecosystem
- Secure grants for expansion
Asks (optional)
We would be publishing our progress here and would love the communities feedback
Slide Deck
What’s the best way to get in contact with you and your project?
twitter: recycleoncarus
Email: carusrecycling@gmail[dot]com