After acquiring Project Beta, a 60MW solar farm that will include a 100MWh state-of-the-art storage technology, the company is turning to blockchain technology in order for investors to gain financial incentives in the form of an MGT token hosted on the Binance Smart Chain (BSC). By acquiring this green token, token holders have the opportunity to earn from a sustainable business model that creates a solution to the current energy crisis.
Two main factors drive this crisis; a lack of sustainable energy infrastructure and the slow funding process of sustainable projects by local governments; according to Wessel Sevenster, " No traditional funding institution is willing to fund the development process...to get an energy "shovel" ready (fully compliant)...this process can take up to 8 years...and cost up to $2m ...which is done at risk...Megatech managed to raise this seed money and founder's capital to get Project Beta shovel ready. Now all institutions are willing to throw money at it for construction…." Megatech's aim to create a greener world thanks to blockchain technology is on its way to shaping a new environmentalist movement in South Africa. With the backing of private investors and local governments, the company is on its way to solving a real-world problem affecting millions of people worldwide.
About Megatech (MGT)
Megatech, in answer to Africa's and the world's energy problem, by utilizing blockchain technology, MGT provides token holders with financial returns...
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