{"id":4206,"date":"2021-06-13T19:16:11","date_gmt":"2021-06-13T11:16:11","guid":{"rendered":"https:\/\/jesseltontimes.com\/wpmarch2025\/?p=4206"},"modified":"2021-06-13T19:16:11","modified_gmt":"2021-06-13T11:16:11","slug":"the-worlds-fastest-technology-meeting-the-worlds-slowest-creature","status":"publish","type":"post","link":"https:\/\/jesseltontimes.com\/wpmarch2025\/2021\/06\/13\/the-worlds-fastest-technology-meeting-the-worlds-slowest-creature\/","title":{"rendered":"THE WORLD\u2019S FASTEST TECHNOLOGY MEETING THE WORLD\u2019S SLOWEST CREATURE"},"content":{"rendered":"

On 13th<\/b><\/span>\u00a0June 2021, 5 days after World Ocean Day (celebrated around the world on 8<\/span>th<\/span> June 2021), the President of FOSTER (Friends Of Sea Turtles Education & Research) Mr. Alexander Yee is pleased to secure a sponsorship funding from a USA based company, AquaGoat Finance, towards the construction of a new turtle hatchery and funds to carry out 500m of community beach cleaning on Libaran island for a year. FOSTER has been operating a sea turtle protection program on the island for the last 9 years through a Memorandum Of Understanding signed with Sabah Wildlife Department on 27<\/span>th<\/span> August 2018.<\/span><\/p>\n

What sets this sponsorship apart is that the amount of RM10, 000.00 (RM4, 000 for the turtle hatchery and RM6, 000 for the adoption of cleaning of 500m of beach for a year) will be paid using AquaGoat tokens, a next generation ecological DeFi (decentralized finance) token.<\/span><\/p>\n

As mentioned in their website, AquaGoat token is a yield-generating social crypto currency which recognizes the harmful effects of manmade processes on the oceans and aims to reduce, mitigate and reverse these effects. The team of AquaGoat Finance therefore sets aside a portion of every transaction fees to an AquaGoat \u201cOcean Blue Fund\u201d which the team uses to fund ocean cleaning and marine conservation initiatives.<\/span><\/p>\n

Alexander, who is a resort operator, owner of Malaysia\u2019s first Rumah Terbalik (Upside Down House) and a conservationist is upbeat and excited over this sponsorship.\u00a0<\/span><\/p>\n

\u201cI have self-funded the sea turtle conservation work on Libaran Island for over 6 years before the receipts from tourism activities made the work self-sustainable,\u201d said Alexander. \u201cHowever, the Covid pandemic which resulted in the closure of international boarders of Malaysia has resulted in zero visitor-ship to island since February 2010. I was not prepared to stop the work on Libaran Island so I started to source for funds from abroad\u201d added Alexander.\u00a0<\/span><\/p>\n

He came across the website of AquaGoat Finance and proceeded to contact them. Within a short 3 weeks, Alexander has managed to convince the team at AquaGoat Finance and resulted in this sponsorship collaboration.\u00a0<\/span><\/p>\n

Ms. Jhunehl Fortaleza, charity and outreach coordinator of AquaGoat Finance was in jovial mood during the AMA (Ask Me Anything) session beamed live from Vancouver and San Francisco for a world-wide audience early morning at 7am, Malaysia time. \u201cThis is the first partnership of many (yet to come) for AquaGoat Finance this summer and it is the first of its kind where we will be paying for the construction of a sea turtle hatchery and to pay the villagers for beach cleaning using the AquaGoat tokens\u201d said Ms. Jhunehl \u201cit is not just good for the sea turtles but also good in stimulating the economy for the village and put the work on world stage!\u201d she added.<\/span><\/p>\n

By entering into this collaborative sponsorship, FOSTER agrees to construct a sea turtle hatchery on Libaran Island and also continues in the community beach cleaning which enters into its 7<\/span>th<\/span> year. The new hatchery will be constructed on the village side of the island and it will be aptly named \u201cAquaGoat Sea Turtle Hatchery.\u201d<\/span><\/p>\n

In 2019, the Securities Commission Malaysia (SC) has issued an order that sets out the characteristics of \u201cdigital currency\u201d and \u201cdigital tokens\u201d that are prescribed as being securities for the purposes of Malaysia\u2019s securities law. While the Inland Revenue Board has also indicated that income earned through crypto currency trading is subject to the Income Tax Act 1967.<\/span><\/p>\n

\u201cThis is not an investment nor is there any trading taking place, it is about an alternative way of transferring money and what better way to have one of the world\u2019s fastest technologies \u2018catches up\u2019 with one of the world\u2019s slowest creatures through funding of this sea turtle conservation work!\u201d said Alexander.\u00a0<\/span><\/p>\n

As Malaysia extends its Movement Control Order (MCO) by two more weeks, Alexander has indicated that the construction of the sea turtle hatchery on Libaran can only start in July. He will also be launching the 7<\/span>th<\/span> edition of the community beach cleaning on Libaran Island in July.\u00a0<\/span><\/p>\n

For anyone interested to make a difference by bringing back our clean beach, you can email to <\/span>fosterseaturtle@gmail.com<\/span><\/a>\u00a0<\/span><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

On 13th\u00a0June 2021, 5 days after World Ocean Day (celebrated around the world on 8th June 2021), the President of FOSTER (Friends Of Sea Turtles Education & Research) Mr. Alexander Yee is pleased to secure a sponsorship funding from a USA based company, AquaGoat Finance, towards the construction of a new turtle hatchery and funds […]<\/p>\n","protected":false},"author":9,"featured_media":4207,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-4206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/4206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/comments?post=4206"}],"version-history":[{"count":1,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/4206\/revisions"}],"predecessor-version":[{"id":4208,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/4206\/revisions\/4208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media\/4207"}],"wp:attachment":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media?parent=4206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/categories?post=4206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/tags?post=4206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}