This is not a waste backed crypto token. This is a P2P decentralized electricity market token. You can also make electricity out of waste with Anaerobic Digestion. Waste is an unlimited renewable resource.
Sounds very interesting, what if that token will become junk in the future? because I saw a lot of tokens that were initially good then later they became junk so that they didn't have any value in the market, concepts and support were necessary, but real use cases and lots of interest in a token were far more important.
concepts , real uses , implementation very necessary but the more important thing was how it will developted and realized so it will not be a plan only. most of project have good concept but the developer team have no skill to make it happen and useable in our daily life not only in crypto market.
My theory is that the first step could be bringing it to peoples awareness.