Sabah NGO gets marine conservation cryptocurrency as funding from US company for turtle hatchery, beach cleanup initiative

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KOTA KINABALU: Sabah-based non-government organisation, Foster (Friends Of Sea Turtles Education & Research) has secured sponsorship funding from a US-based company for a turtle hatchery construction and beach cleaning initiative on Libaran Island.

Foster president Alexander Yee said what set the sponsorship from AquaGoat Finance apart, was that the RM10,000 funding will be paid using AquaGoat tokens, a next-generation ecological DeFi token.

“However, the Covid-19 pandemic which resulted in the closure of international borders of Malaysia has resulted in zero visitors to the island since February last year. “As mentioned in their website, AquaGoat token is a yield-generating social cryptocurrency which recognises the harmful effects of manmade processes on the oceans and aims to reduce, mitigate and reverse these effects.

AquaGoat Finance charity and outreach coordinator, Jhunehl Fortaleza said this partnership was the first of its kind when it comes to sea turtle hatchery construction, and paying the villagers for beach cleaning using the AquaGoat tokens.

 

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