We will plant 5500 fig trees. It will start on the 1st week of July due to better weather conditions for the fig trees. This date is definite, so book your flight!
The planting of the next batch will be in Sept./Oct. 2022.
We are going to plant the first batch of trees in Caspe, Zaragoza, Spain.
You can see our land on Google maps. The planting of the second batch is going to be in Estonia.
We chose the city of Caspe in the Aragon province for the first batch because figs are native to that area, as well as there have not been many natural disasters in the last decades.
You can visit it anytime, you can also join us when we plant your tree! You can as well hug it when it is fully grown!
This is unlikely to happen; Our partner specialises in fig planting, we have an incredible science team that will always ensure the best conditions, in addition to that, we always plant 10% extra trees, so we can replace your tree with another tree of the same age.
No. You might plant the trees yourself and Coorest can tokenise them to obtain $CCO2 tokens.
Being a part of the tree council gives you unique insights into the company’s plans and operations. It also allows you to bring new ideas and serve as an advisor to our team.
You will have regular meetings with the team and have a say in the future of Coorest.
If there’s one thing we are certain of, it’s that the most valuable ideas come from the community!
We are more decentralised than other projects. We enable other projects to tokenize their trees and generate the $CCO2 tokens on our platform. The Coorest tokenomics are unique as well, each $CCO2 token is linked to an NFTree via metadata. The metadata contains the location, the tree species, and the amount of CO2 absorbed.
Also, each $CCO2 token in circulation is linked 1:1 to 1kg of carbon absorbed, making it as transparent as possible.
No. The Coorest platform is a decentralised exchange of Coorest’s carbon units- $CCO2 tokens, which are not carbon credits.
Yes, it is! It’s a play on the words CO2 and forest.
To make the world a better place is our primary goal. As well as helping others who don’t have access to monetary systems, to access other financial streams. Blockchain only requires internet access and nothing more. Sustainability, Education and Transparency are the most important pillars for us; Coorest is a project by the community and for the community.
We are already talking to an African project and it looks promising; we let the local initiatives run their planting because we have a decentralised approach.
Of course, there will be some challenges to make everything go according to the requirements. But besides that, we are close to onboarding an African project by the end of Q1.
We already have multiple offers from buyers, but we don’t want to sign the contracts right now as we don’t know what the price will be in three years. There is a high demand for organic Coorest figs, and the offers are higher than our calculations.
The white paper, smart contracts, and the core concept of the project, all ensure its long-term future and viability. Everything Coorest does is 100% transparent.
You can buy it with USDC and fiat on Venly
The carbon tokens or $CCO2 tokens are minted when CO2 is absorbed from the atmosphere. NFTrees generate these tokens at a pre-determined rate each year. The amount of carbon tokens generated corresponds to the amount of carbon dioxide captured by real trees.
The initial pricing for $CCO2 is 0.062 USDC, equivalent to one kg of carbon, and the initial pricing for $tCCO2 is 62 USDC, which is equivalent to one ton of carbon.
You can burn your $CCO2 tokens and obtain Proof of Carbon Compensation or sell them on the platform for stable coins.
To generate a compensation claim for CO2 emissions, the holder of $CCO2 can burn its tokens on the platform. In return for the burning of these tokens an amount of CO2 compensation is registered on the platform. The burning of CO2 tokens is called Proof of Carbon Compensation (PoCC). This compensation will show up as a NFT token in the wallet of the compensator. The PoCC NFT contains data about the amount, date, and the option to add the identity of the person or business compensating CO2. When $CCO2 is burnt for issuing a PoCC certificate, $CCO2 is taken out of supply, thereby solving the double counting and double claiming problem.
The Coorest Platform seeks to democratize platform governance. This is accomplished through the use of $CRST tokens. By holding $CRST people get voting rights according to their allocation within the $CRST staking pool.
We do not employ seed rounds or VCs because Coorest is a community project by nature. Our mission and vision are more focused on the benefits that Coorest will provide to the world, we will do everything within our power to protect the project’s integrity.
To this end, we have allocated over 40% of Coorest’s governance tokens to the public.
The $CCO2 Tokens, $CRST Tokens, and $NFTrees can all be sold on the Coorest platform.
We can upload names or additional information. It is a nice feature for the future, but it takes technical development to add that information to the metadata; right now, it is not our priority. However, we can place a physical sign in front/beside a tree. And later, when the development is ready, we can upgrade the meta-data.
We are discussing partnership with several metaverse projects. Right now, our primary goal is the utility of the NFTrees in NovaTerra, But they will likely be featured in other metaverse projects.
We are talking to other metaverses/projects at the moment. Nothing official has been announced yet, but this is just a matter of time. We are not surprised if we expand to other projects soon.
Your Coorest NFTree is linked one-to-one to a real-world tree; when you buy an NFTree, we plant a tree that absorbs your emissions. You can calculate how much you emit per month and see how many trees you will need to achieve carbon neutrality or even absorb more than you give off.
Cryptocurrency is not as eco-unfriendly as you might think. Recent studies discovered that Bitcoin consumes 113.89 terawatt-hours (TWh) per year, while the banking industry consumes 263.72 TWh; Coorest tokens are minted on the Polygon network, one of the most sustainable blockchains, which has an annual electricity consumption of 0.00079TWh.
A typical tree absorbs around 25 Kg of Carbon dioxide per year; however, this can’t be achieved unless the tree is fully grown, so we need to plant as many trees as possible to see the outcomes when the trees grow.
Imagine how much carbon will be absorbed by the trees we will plant this year!
Forests are valuable assets that preserve biodiversity, ensure food and home for animals, and so on. That is the easiest way to combat climate change.
We are only in the beginning stages, we already have another project of tokenizing wildlife and endangered species to provide sufficient funds to save animals from extinction, and, of course, since our main vision is sustainability, we will surely think of more efficient solutions to conserve and preserve the Flora and Fauna of our planet.
Planting forests is, indeed, an effective way to reduce our carbon footprint, however, the best way is to be aware of the impact of our behaviours on the environment and be responsible for them, as well as try to be more eco-friendly, because we do not have the choice anymore, due to the current situation of the environment, it is an obligation that we should rationalise our behaviours to comply to the norms of an environmentally-conscious community.
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