How will this token/stablecoin make money? There are already charities that do this for free. What good does a blockchain add - why would one need to prove that a certain tree was planted in a certain way?
Climate change will not help this project, as a tree does not become carbon neutral/negative for twenty years.
Climate change will not help this project, as a tree does not become carbon neutral/negative for twenty years.
Token is backed up by the forest so token holder will earn dividends from carbon credit income and forest land value increase. We plant the forest and it will be certified with Verra (globally recognised certification). Growing trees absorb the CO2 and the amount of CO2 offset will be calculated by independent auditors who issue certificates that can be sold.
Blockchain in this case allows to tokenize and fractionalise the ownership over the asset, therefore, offering forest as an investment to people that previously were not able to invest in forests due to high entry barrier or lack of competencies how to manage the forest. Other benefit is that we eliminate greenwashing with blockchain, carbon credits can be traced and retired on a transparent ledger, thereby, companies buying carbon credits will be able to prove their offsets with an immutable ledger.
The tree starts to offset CO2 as it starts to grow, however, carbon offset can be certified in 5 years. And yes planting trees only, will not stop the climate change, however, it is one of the ways on how to offset emissions and together with other carbon offset/removal technologies we can reach our climate goals.