South African based enterprise, H20 Securities, a business that created the world’s first water cryptocurrency, raised $150 million through its token sale and listed on the BitMart exchange, the first of several exchanges they plan to join in the upcoming months.
$H2ON is the world’s first Water Utility Cryptographic Token that enables a quicker deployment of water infrastructure and solutions.
The ApeSwap DeFi platform has also listed the token. The listings indicate that it is possible to buy and sell $H2ON tokens.
The initiative has recently received financial support from GEM Digital which contributed a $150M investment.
This 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).
H2ON is designed to connect real-world water producing plants via Internet of Things (IoT) 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 and buy or pay for services connected to the H2O Water Network.
According to Julius Steyn, Founder and CEO, H20 Securities:
“We believe that through H2O Securities’ H2O Water Network, that combines the strengths of traditional and decentralized finance (DeFi), 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.”
By purchasing a $H2ON token, you can access the H2O Water Network and receive one or more units of water. 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.