LAKE is a pioneering Real-World Asset (RWA) project that leverages blockchain technology to transform the water industry. By introducing the LAK3 token, the first universal cryptocurrency for water, LAKE creates a decentralized, transparent, and efficient ecosystem inviting individuals to participate in and benefit from the water economy. The LAKE ecosystem connects the immense global demand for water with the trillions liters of untapped supply from pristine water sources, facilitating seamless transactions and ensuring better quality, permanent accessibility and affordable pricing for all. With LAK3, the token at the center of this ecosystem, users become active players who can buy, sell, secure, donate water, and invest in water sources.
More than a multi-utility token, LAK3 is a passport to this new water economy, allowing hodlers to become invested actors that can choose how they want to interact, contribute and benefit from this previously inaccessible water realm. Both of these forces combined are participative by design, providing opportunities even for people that can’t participate or the people that are less fortunate to benefit from the activity in our network. That’s right, LAKE pledges 30% of LAKE Portal’s profits to direct donations, providing clean water access, building infrastructure and investing in long-term solutions to fix the water economy. Join us in revolutionizing the water economy, one drop at a time.
Water is the essence of life, indispensable to every one of the 8.1 billion people on Earth. Yet, access to clean, safe water is becoming increasingly difficult due to the relentless pressures of population growth, climate change and aggravated by quasi-monopolistic greed. With 2.2 billion people already living without reliable access to water, the writing is on the wall. Looking at the size of the Bottled Water Market – estimated to grow annually at 5.2% from USD 317 billion in 2023, to USD 503 Billion in 2032 – the lack of economic access to this critical resource becomes even more frustrating.