Big shout out to all the smart reviewers who asked us great questions!
How do blockchain based credits transfer into traditional secondary carbon trading markets?
Our credits can be sold on a number of participating exchanges, or on legacy markets because they are tracked in parallel with existing industry standards. Our carbon accounting and sequestration projects directly parallel gold-standard practices like Verra. In fact, many of our credits do move on to become certified on traditional markets like Verra, SustainCERT, and GoldStandard later on in their lifecycle. We utilize blockchain to distribute the risks and benefits of participating in this lifecycle, simultaneously enabling rapid scaling.
Once the credit is sold on a secondary market how is it accounted for?
SV-C Carbon tokens can be transferred to partnering exchanges, or trading sites, but to be redeemed under a cap-and-trade program they must be returned to Savimbo where for a nominal registration fee we convert it to an SV-C- Retired token, the token is burned, and the credit is reported to Verra as Retired (see SV-C Carbon token characteristics).
Tree tokens
Are these tree tokens owned by individuals? "When a Tree dies, its token is burned and the storage is lost unless it has been verifiably converted to biochar." If so how can you enforce the burning of these tokens?
Tree tokens are owned by Savimbo, and associated with a Seller in a smart-contract.
Savimbo can burn tree tokens if a tree dies and rots. (For example, Seller B has 100 trees and on his annual drone scan we see that many of them have died. We send a crew to validate and burn the tokens of any trees that cannot be found).
Savimbo can also transfer tree tokens from one seller to another. (For instance Seller A has a biochar machine. When Seller B's trees die, instead of letting them rot, he asks Seller A to convert them to biochar. Seller A pays Seller B for the trees, and Savimbo transfers ownership of the Tree token to Seller A, and changes the State to biochar and from then on Seller A receives the yield from that token.)
What does "Rented" mean in practical terms? How does someone rent Tree NFTs?
We saw a major scientific flaw in the current offset market with the assumptions of permanency. Manual tracking has created market averages that are hotly debated and not representative of nature's complexity. Like why is there a 40-year average for trees? They live anywhere from 1-5,000 years. Furthermore, subsistence farmers are the ones cutting them down and they are forced by circumstance to transact on a daily, or monthly basis.
Meantime, technology has evolved to measure complexity more accurately in real-time. We've got drone scans, blockchain tags, high-res satellites, and machine-learning. So why are we accepting these weird linear models for a chaotic fractal pattern then arguing about them because they don't, and won't ever, fit the data?
We decided to do something about it and use existing technology to track the reality more elegantly. In this model, we assume a tree has a unique, and ever-expanding ability to store carbon (Kind of like if you were a bicycle enthusiast, and your Mom's garage was stretchy, and you kept accumulating more cycling gear so you put some in her garage.) In this model, you pay your Mom a storage "rental fee" based on how much cycling gear you had in her garage each year. And we pay your Mom monthly to put up with you, and keep the garage organized. Because let's face it, it's a hassle and it's easier to do if you get a monthly paycheck.
And we got a lot of Moms who give enough of a shit about our ugly urban carbon collections that this model just might turn the dial.
Work tokens
How do you plan to create a market around Work tokens so that workers can exchange for fiat or stablecoins?
Work tokens currently parallel work, as a marker of sweat-equity. Workers are already paid out in fiat or stablecoins on a weekly, bi-weekly, or monthly basis as per their preferences. While everyone who does Work on the platform receives some dividends from their Work tokens, they can increase the percentage of this yield by choosing to forego fiat payments (similar to the way many startup employees take a decreased salary in exchange for early shares in the company). Work tokens are also associated with Governance rights.
Is the treasury the only path to sell Work tokens?
Work tokens cannot be exchanged or inherited. We value meritocracy and equitable contribution. Contributors can delegate Governance rights and dividends, but if a platform contributor dies, or the Worker is inactive on the platform for more than 5 years their Work tokens are burned and their associated rights are returned to the Savimbo Treasury.
