Description
Treegens DAO is creating a world where anyone can plant trees and get rewarded. Let's GROW!
Since GG20, we’ve planted 60,000 mangrove trees, we have built an API for our AI tree counting tool & Jimi the founder has officially broken the Guinness World Record for most trees planted in 24 hours by planting 30,469 mangroves!
We are soon launching our OS Technology to empower the Regen movement to break the next World Record - Most Trees Planted In a Day by Any Number of People, which is 560M trees! Our ambitious goal is 1B mangroves on Earth Day 2025.
🌳 THE CHALLENGE 🌳
Misaligned Incentives
Our economy currently values the degeneration of nature more than it values the regeneration of nature. According to the UNEP, approximately 1.9 billion trees are planted yearly, yet approx. 15 billion are cut down each year. We Are losing forests at a rate equivalent to 27 soccer fields per minute!
Impact Transparency
The impact sector faces criticism for not providing enough transparency. Peer reviewed studies have shown that donations increase by 52% within 1 year when nonprofits become transparent. The amount of funds on the sidelines, not funding what matters could make all the difference for the climate crisis.
🌳 HOW WE'RE SOLVING IT 🌳
Proof of Plant
The only way to create the $MGRO token is through Proof of Plant. Tree planters onboard through account abstraction, learn how to plant & film the mangrove trees, film the land before & after planting in our DApp with GPS captured, then submit the data inside our DApp on their mobiles.
Treegen DAO members then verify AI tree counted videos with GPS coordinates captured while filming in DApp. 1/6th of an $MGRO token is minted after this initial plant & another 1/6th is issued every 6 months over the course of 3 years. 95% of $MGRO tokens & retro rewards goes to the tree planters & 5% goes to the validators.
Similar to Proof of Stake, $TGN token holders stake their governance token to verify the videos, assisted by AI tree counting. There are always multiple verifiers. If maliciously or carelessly approved or rejected, the DAO member will have their TGN slashed for accountability.
Non-Fungible Updates (NFU)
Every verified video becomes viewable on the Treegens DAO map as a Non-Fungible Update video, powered by LivePeer. In order for companies or individuals to make an ecological claim that they funded trees, they buy these NFT videos with $MGRO tokens, which burns / retires $MGRO.
🌳 EXPONENTIAL REGENERATION 🌳
Treegens DAO was designed to scale tree planting around the world. We will achieve exponential regeneration through carbon forwards. As an organisation we will be planting mangroves and sell the future value of the carbon credits as forwards. These forward funds are at a discounted rate yet still an order of magnitude more than it what it costs to plant. By reinvesying these funs back into more mangroves & repeating this process, we will multiply our mangroves by approximately 9X. We will also stream a portion of these revenues towards retroacively rewarding MGRO holders & stakers, making people bullish on tree planting!
GAMIFICATION
In addition to leaderboards, we are further gamifying the planting & funding of trees through the world's first Dynamic Semi-Soulbound Token (DSST). The mind orb gets brighter when you fund trees by retiring $MGRO & claim an NFU. The heart orbs get brighter when you plant mangrove trees & MGRO is minted to your wallet. While the underlying artwork is transferable, these overlaid orbs are non-transferable and will display on whichever Treegen NFT is connected to our DApp through your profile. This is because we are gamifying regeneration!
🌳 USER-CENTRIC ACCESSIBILITY 🌳
Treegens has partnered with the legends at General Magic for our frontend development & UI/UX design. GM has helped us leverage account abstraction to easily onboard tree planters in developing countries around the world. GM has supported Giveth, clr.fund, TEC, ENS, The Commons Stack & many more impactful DAOs to create smooth user experiences & develop their front end.
We have also partnered with Protofire to audit all of our open source smart contracts. Protofire has worked with Filecoin, Polkadot, Aave & Avalanche.
🌳STREAMED RETRO REGEN REWARDS🌳
To GROW the movement & make everyone bullish on Regeneration, we plan to retroactively reward MGRO holders by streaming rewards to them via. SuperFluid. From Grant funds, Optimism RetroPGF, Optimism's Growth Experiment Grants, EBF Forwards & yield from $Earth in our treasury will all flow towards $MGRO holders.
🌳 OUR TEAM 🌳
🌳 MANGROVE ADVISORS 🌳
🌳 LEGENDARY WEB3 ADVISORS 🌳
