While this is most certainly the biggest appeal of cryptocurrencies, we believe that most startups are not using the technology to its fullest potential.
As such, we don’t often see blockchain startups that consolidate their efforts on employing the technology for the greater good.
Moreover, we will assess whether the use of blockchain for this goal is warranted and what benefits it brings in the long term.
As such, scholars consider practices such as reforestation and regenerating agricultural soil to be our next level of focus in the fight against climate change.
At the current rate of soil degradation, we might not have sufficient cultivable land to plant enough crops to feed humanity in 50 years.
The goal is to invert the carbon emissions of current agricultural practices and contribute to carbon sequestration to reverse global warming.
All in all, soil regeneration can become a major measure to produce a future that our children will be happy to inherit.
The network wishes to become a major player in providing a transparent and accessible Payments for Ecological Services market.
They can sell their ecological services such as crop rotation, holistic grazing, or agroforestry to buyers all around the world that wish to sponsor ecological practices.
They are a full-stack developing company that provides the software solutions used in the Regen ecosystem.
Regen Foundation, on the other hand, is a non-profit that promotes the Regen Network and communicates with its users.
To this end, Regen Network has created the CarbonPlus asset, which is the proprietary carbon credit of the network.
This growing ecosystem of stakeholders participates in the governance of the project by staking their REGEN tokens on the network.
Once monitoring is complete, the Regen Network issues CarbonPlus credits in accordance with this data to the farmers.
However, as the ecosystem evolves, participants will be able to use it to accomplish additional, specific actions on the network.
Initially, the genesis event that took place in April 2021 created 100 million REGEN tokens and distributed them to various contracts and wallets.
REGEN tokens have an inflation rate between 7% and 20% annually, which varies depending on the number of tokens staked.
Since data provenance and quality can be tracked and verified, all farmers are playing on an even field and can showcase their progress accordingly.
Moreover, Regen Network provides a robust payment network relying on smart contracts that provide fair remuneration for the land stewards.
Finally, REGEN is essential for the issuance of a new class of assets in the form of Ecosystem Service Credits.
The mainnet has been live for less than a year and all of the functionalities of the platform haven’t been implemented yet.
Even so, more than 200 farmers have already signed up to the Regen registry.
Hopefully, our Regen Network review gave you a good idea of how delighted we are to see it come to fruition.
With tokens becoming available on exchanges in the near future, it could mean increased funding for the Regen team.
The views expressed on this blog are based on personal opinion and experience, and should not be considered as professional financial investment advice.