The Coolum Surf Club members, around twenty members in total, have been partaking in an initial trial. This is a trial of the Erth Point System. This is a platform for cryptocurrency rewards, by Rewards4Earth, a company based in Florida. This is happening in a coastal town located north of Brisbane in Queensland.
Doug Flockhart is the previous CEO of Clubs Queensland. This is a body for all the community clubs that are active in the state. Flockhart spoke to Cointelegraph regarding how he wanted to integrate the system by involving more than a thousand community clubs across the country.
Sports Clubs and Crypto Awards
The Coolum Surf Club is just a small community of surfers that are part of a larger industry. This larger industry, for some time, has been dealing with revenues that are waning. This is why those involved are hoping that with the initiation of crypto rewards, clubs will be able to benefit. At the same time, they will also be able to help the planet as well.
Businesses can join to make use of the free marketing tools that are a part of the platform. Participating businesses will also be able to cover their ESG obligations as well. Payment can be accepted in the form of Erth Points. These, in the same way as other cryptocurrencies, can be exchanged. They can be exchanged for a fiat. The reward money is used by Rewards4Earth to fund environmental causes, such as cleaning up the oceans and preserving wildlife.