SMX's Plastic Cycle Token: A Market-Driven Solution for Plastic Waste

SMX Ltd. introduces the Plastic Cycle Token (PCT) as a tangible solution to address the escalating plastic waste crisis, presenting a credible alternative to traditional carbon credits. Annually, over 400 million metric tons of plastic waste are generated worldwide. Many current systems fail to effectively account for and manage this waste, often relying on unverifiable carbon credits. Unlike these, PCTs offer a verifiable approach by tracking plastics throughout their lifecycle, from production to recycling.

The PCT incentivizes industry participation in circular economies. This market-driven approach offers a compelling alternative to conventional regulatory frameworks, like those in the EU, which primarily focus on penalties. By allowing companies to trade verified plastic credits, the PCT fosters improved recycling rates and ensures transparency through real-time data on plastic use. This aligns with Environmental, Social, and Governance (ESG) goals and investor expectations, differentiating genuine sustainability efforts from mere greenwashing.