Consumers have the power to make choices that impact not only their health but also the health of our environment and economy, while simultaneously making it easier to live an eco-friendly lifestyle, through conscious consumerism. But what happens when we all contribute our conscious consumerism efforts towards the same cause? The result can be transformative. Introducing Loop Coin-the rewards system which benefits conscious consumers everywhere, by rewarding consumers for their participation in conscious consumerism with Looper Coin (LEN), which can be redeemed at Looper’s physical store or e-commerce center!
Also, we have to understand more about the circular economy and what it means to you and, your business can be challenging when you don’t have the right guidance. Luckily, Loop Coin has put together this article explaining what circular economy means, how it can be implemented into your business, and why you should care about it as an entrepreneur. This article will provide you with all the information you need to start making your company more sustainable and more profitable in 2022!
3 Reasons why we need to adopt a circular economy
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A linear economy is unsustainable
With the world, population projected to reach 9.7 billion by 2050, we simply cannot continue to extract, use, and dispose of resources at the current rate without depleting the earth’s resources.
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A circular economy would close the loop
In a circular economy, waste doesn’t exist because materials are continually reused. This reduces strain on the environment and creates a more efficient system overall.
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Circular economies create jobs
The International Labor Organization (ILO) estimates that 6 out of 10 jobs are at risk of being automated in coming years. Considering that 80% of the new jobs created today come from small businesses, embracing circular economies will help us create sustainable businesses for our future generations.
How the Loop Coin’s Token LEN Works Within the Circular Economy
The circular economy is an alternative to the traditional linear economy, in which we take resources, use them, and then dispose of them. In a circular economy, waste is designed out of the system, and products are made to be reused, repaired, or recycled back into the system. The Loop Coin’s token LEN works within the circular economy by being a digital currency that can be used to purchase goods and services from sustainable businesses that are part of the LEN network. These transactions allow us to keep tokens circulating in the loop so more people will have access to them and more people will have the opportunity to become involved with this project. We believe in a future where everyone has access to all these opportunities, whether they’re rich or poor
