What is $Earth ?

It is a digital currency backed purely by climate solutions, ecosystem services and solarpunk values.

Our goal is to -

1. Mobilize over $ 5 Trillion/yr for the next 30 yrs to provide primary finance to projects in clean energy, regenerative agriculture, clean transport , ecosystem conservation and solarpunk sanctuaries that will build the necessary infrastructure for a net zero world.

2. Appropriately value natural ecosystems and their services while creating a monetary system that is backed by climate/ecology positive projects.

3. Seed the Solarpunk paradigm

$Earth has been designed to make this happen by -

1. Incentivizing users to purge their petro $$$ to mint $Earth directly at the protocol and use those $$$ to fund projects in renewables, permaculture, Ev charging stations, electric buses/trains , ecosystem conservation/regeneration, agroforestry, energy storage, eco-villages etc

2. Inherently ascribing value to ecosystem services created by the projects we fund, by selling $Earth at a premium to the $ value of projects in the neoliberal world. $Earth acts as a unit of account for the $ value of the projects in our treasury + potential yields these projects will generate and the positive externalities created by these projects ( healthy soil, carbon sequestration, clean air, biodiversity etc)

3. Creating utility for $Earth by creating a network of regenerative/solarpunk merchants who are willing to provide their goods and services in exchange of $Earth.

For our pilot round, $Earth treasury has funded the following projects -

1. 69 kWp Solar Energy in Mexico from Helios

2. Coffee production in Brazil from EthicHub

3. Eco village in Lisbon from Traditional Dream Factory

You can get more information on these projects here - https://solarpunkdao.earth/projects

$EARTH is designed to empower the transition from extractive to regenerative socio-economic framework where we are perpetually incentivizing capital formation (tokenomics) and allocation (QV via $EARTH holders) for projects directly solving climate change.

Once these projects are funded we will be experimenting with various governance mechanisms to see how $EARTH holders will govern these assets. We want to build a future where assets catering to our core needs are stewarded by the commons rather than nation states or corporates.