03-01-2021, 06:13 PM
Tokenizing a forest
<!-- SC_OFF --><div class="md"><p>So I had the idea that if we tokenized forests as an investment that we could plant a massive amount of trees and help preserve nature. For example the redwood forest has a lot of old trees that can live for thousands of years potentially. Each coin/token would be assigned to a specific tree. In order to mint new tokens you plant more trees and assign them to the tokens. If a tree dies that coin is destroyed from circulation. The use case for the coins could be to simply reinvest in the health of the forest. I feel like this is even possible to do for coral reefs as well. Australia is sitting on a trillion dollar investment if they could tokenize sections of the coral reef. The health of the coral reef would be directly related to its potential value. I don’t really know much about the intricacies of how cryptocurrency‘s are formulated or made but I believe this idea is valuable and if it’s possible to implement could be revolutionary.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/larry_ramsey"> /u/larry_ramsey </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/luv7fq/tokenizing_a_forest/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/luv7fq/tokenizing_a_forest/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So I had the idea that if we tokenized forests as an investment that we could plant a massive amount of trees and help preserve nature. For example the redwood forest has a lot of old trees that can live for thousands of years potentially. Each coin/token would be assigned to a specific tree. In order to mint new tokens you plant more trees and assign them to the tokens. If a tree dies that coin is destroyed from circulation. The use case for the coins could be to simply reinvest in the health of the forest. I feel like this is even possible to do for coral reefs as well. Australia is sitting on a trillion dollar investment if they could tokenize sections of the coral reef. The health of the coral reef would be directly related to its potential value. I don’t really know much about the intricacies of how cryptocurrency‘s are formulated or made but I believe this idea is valuable and if it’s possible to implement could be revolutionary.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/larry_ramsey"> /u/larry_ramsey </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/luv7fq/tokenizing_a_forest/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/luv7fq/tokenizing_a_forest/">[comments]</a></span>Kind Regards R