What is Regen Network? What are the standout features of this project? Join CoinExpress as we explore Regen Network and the potential of the REGEN token!
PROJECT OVERVIEW
Established in 2017-2018, with the mainnet launching in 2021, Regen Network is a project built on the Cosmos SDK ecosystem.
Regen Network is focused on managing the global market, primarily in the agricultural economy, linked to products related to consumer needs.
The project aims to:
- Issue Carbon credits for the agricultural ecosystem.
- Measure human impacts on the environment (soil, air, and water quality).
- Create a marketplace where organizations, businesses, or users can trade, buy, and retire Carbon credits.
OPERATIONAL METHODOLOGY
Regen Network collects environmental data (air, soil, water quality, and other environmental parameters) from satellite sources, sensors, or direct measurements and uploads this data to the Regen Blockchain.
Projects/entities wishing to issue tokens are vetted through two methods:
- The Regen Network’s global team.
- Utilization of a reputable third party, like Toucan.
All documents and certification evaluations are recorded and audited by Regen Ledger before issuing the credits.
Regen Register: This is a WEB3 ecological service registration agency. The credits of Regen Register are nature-based solutions that ensure ecosystem integrity, including reducing and eliminating greenhouse gas emissions, protecting biodiversity/habitats, improving water quality, etc.
The Regen Registry Handbook is a process in which stakeholders participate in creating methods for project development and issuing credits.
The Regen Ledger is a blockchain infrastructure for storing all information related to the ecological status and tracking the condition of issued assets.
Regen Marketplace allows parties using Regen Ledger to register, buy, sell, and retire credits in the market.
Which credit standards are currently approved by Regen Register?
- CarbonPlus Grasslands Credit Class: (credit type: carbon; offset method: carbon removal). Author: Regen Network Development PBC.
- GHG Benefits in Managed Crop and Grassland Systems Credit Class: Author: Ecometric (credit type: carbon; offset method: carbon removal).
What current methods are approved by Regen Register?
- Co-benefits in managed grazing systems.
- Biochar application.
- Estimation of organic carbon in soils in managed grassland and regenerative cropping ecosystems.
TOKENOMICS
Market Cap: $16,000,000
Total Supply: 148,354,423 $REGEN (100% unlocked)
35% of the tokens are allocated to the Regen Foundation and Staking DAOs. These tokens are permanently locked and cannot be traded, only used in voting, governance, and receiving rewards.
Friends and Family Round at $0.10 — 6,882,568 tokens.
Phase 1 Private Sale at prices of $0.21 (3-year lock) and $0.49 (1-year lock) with a total of 5,775,029 tokens sold.
Phase 2 Private Sale at prices of $0.35 (3-year lock) and $0.56 (1-year lock) — 2,101,913 tokens sold.
Phase 3 Private Sale at prices of $0.46 (three-year lock) and $0.63 (1-year lock) – 22,303,521 tokens sold.
Token Use Case:
- Used for exchanging, buying, selling, and paying fees for each transaction.
- Staking: Earn interest in $Regen tokens (>16%).
INVESTORS
- Raised $1 million from the Interchain Foundation (Switzerland) in October 2019.
- Raised $10 million from 216 individual investors through token sale rounds in 2021.
PRODUCTS COMPLETED
Over 700,000 carbon credits have been sold, and 180,000 carbon credits have been retired.
In January 2021, a partnership was launched to sell Soil Carbon Credits (124,000 CarbonPlus Grassland credits) to Microsoft in Australia, helping Microsoft meet its environmental criteria in the region.
Microsoft selected [the company] as a partner for environmental protection.
