OurCoin Classic (OCC) is envisioned as the precursor of the new, green economy. We envision a world where we can utilize the blockchain to ensure green companies have access to funding for growth, R&D, early stage financing and development of renewable energy projects. Note groundbreaking green-tech companies and renewable energy projects, with a heavy focus on base-load electricity generation, will be primarily promoted due to current relationships and the future potential of pre-identified technologies.
These areas are a major focus due to the expected trajectory of the global energy sector and green economy. As an example, research by Bloomberg (1) indicates that by 2040 more than 60% of total investment into the energy sector will go into renewables. This translates into $7.8 trillion in total global renewable energy investment in 2040, a significant increase from the $287.5bn in 2016 identified by Bloomberg (2) . OCC is different than current cryptocurrency ICOs in that it only represents the value of economic activity and voting power within the OCC ecosystem.
The token is not mined or pre-mined and will be used exclusively within the OurCoin ecosystem. This means that the holders of the token have an incentive to promote green companies and the new green economy even after the ICO as they receive dividends or benefit from an increase in value of the OCC token for doing so. The ICO is created to establish the framework, especially the exchange which will operate between a stock exchange and a peer to peer system. This will act as the main focal point of activity for the passive OCC holder. The owners of OCC will also be able to vote on their own ecosystem.