CSR

CSR, also known as the "Plastic Credit," is a cryptocurrency token developed by the Corsair Group International. It is designed to address one of the world's most pressing environmental issues - plastic waste pollution. Each CSR token is directly linked to the removal of plastic waste from the environment by Corsair facilities. The distribution of CSR tokens is tied to the actual removal of plastic waste, linking it directly to environmental cleanup efforts. For individuals, organizations, and companies, holding CSR tokens is a demonstration of social responsibility, showing their commitment to helping Corsair clean up our planet from plastic waste.

CSR operates on the Ethereum Blockchain as an ERC-20 token, aiming to provide transparency and public accountability. The tokenization process and distribution formula are connected to Corsair's environmental cleanup efforts. For every kilogram of plastic waste that Corsair removes from the environment, 10 CSR Plastic Credits are released into circulation. These tokens are only distributed when the work of plastic waste removal is undertaken. The process and the credits are stored and recorded using open-source Ethereum blockchain technology, aiming to provide transparency and public accountability.

CSR tokens serve as a digital receipt, proving that plastic waste has been removed from the environment. This makes CSR tokens a tool for individuals and companies to become certified as "Plastic Neutral." By acquiring and retiring an equivalent amount of CSR Plastic Credits, entities can offset the amount of plastic waste they generate. CSR tokens may also be used in discount campaigns and as a way to commit to progressing Corporate Social Responsibility. The Corsair Group envisions CSR tokens being used by major corporations, hotel chains, restaurants, and thousands of merchants worldwide.

CSR was launched by the Corsair Group International, a Thailand-based company with offices in The Netherlands, in early 2020. The company focuses on developing solutions to global environmental problems, with a particular emphasis on plastic waste pollution. Corsair has a fully operational recycling facility located in Bangkok and another facility under development in Europe. The company has also formed partnerships with a variety of companies and brands that support its mission. The introduction of the CSR token is part of Corsair's approach to tackling the plastic waste crisis, providing a method for individuals and companies to contribute to the cleanup of our planet.