The Land Betterment Exchange (LBX) is a token that creates a financial incentive and market to incentivize environmental cleanup from fossil fuels and mining operations while providing sustainable jobs for the local community. The LBX token is built to support American communities and industries that built our country by offering a win-win solution.

The LBX token was modeled after the bitcoin framework:
- There is a finite number of tokens that will ever be issued (100 billion).
- The mining and token issuance process (physical environmental cleanup) becomes harder as the token matures, slowing new tokens being minted.

To sponsors, LBX creates a highly valuable, traceable and verifiable carbon offset. LBX supports sponsors by matching them with approved projects that will be tracked using the LBX blockchain technology while also providing time-elapsed documentation, imagery, and videos of the property being remediated and revegetated.

ABOUT LBX:

Land Betterment Exchange (LBX) is a token that provides a direct financial incentive to promote and accelerate environmental cleanup of negatively-impacted lands from the fossil fuel industry while also creating new well-paying environmental jobs in hard hit communities.

LBX is the first ever market-based program that incentivizes people to clean up environmental impact and restore the land from the fossil fuel industry. The LBX market value and LBX Token Issuance Process has been established to reflect the efficient market and demand for restoring the land from impacted properties. On the secondary market, the higher the value of the LBX, the greater the financial incentive for people to clean up the environment.

As the value of LBX increases, there will be an inflection point where it becomes more valuable for companies to shut-down the remaining fossil fuel activities and transition their workforce to environmental clean up.

about land betterment corporation

Land Betterment Corporation (www.landbetterment.com), our LBX Token Issuance Partner and member of the Decentralized Bench, is an Indiana Benefit Corporation and pending certified b-corp, fostering positive social and environmental impact by up-cycling former coal mining sites and other negatively impacted lands to create sustainable community development and job creation. The impacted communities are witnessing a moment of change as our society transitions away from coal-based fuels, and Land Betterment is at the forefront of that curve, driving change and accelerating the remediation and reclamation of lands previously damaged from the activities of the fossil fuel industries.

Public Benefit Corporation Status
In February 2020, LBC incorporated under the laws of the State of Indiana as a public benefit corporation as a demonstration of its long-term commitment to the mission of benefitting its stakeholders and society. Benefit corporations are a relatively new designation for corporations that are intended to produce a public benefit and to operate in a responsible and sustainable manner.

Certified B Corporation Status
While not required by Indiana law or the terms of the certificate of incorporation, LBC elected to have its social and environmental performance, accountability and transparency assessed against the proprietary criteria established by an independent non-profit organization. As a result of this assessment, LBC has been designated as a “Certified B CorporationTM” under the standards set by an independent organization, which refers to companies that are certified as meeting certain levels of social and environmental performance, accountability and transparency.