Tokenomics

Cleverly-designed tokens that mimic actual carbon behavior in the wild!

Our token economics balance the freewheeling uncertainty of Web3 NFT markets, the institutional, rapidly changing, and poorly standardized carbon accounting programs on the emerging voluntary market, the scientific dogfights on what constitutes dial-moving carbon sequestration, and the hard lived-reality of the world's poorest rural populations.

We're proud of this design and happy to be crafting an intelligent solution from so much noise. Take a look and see if you're in agreement — we're always open to informed critique. You can also see our responses to some previous reviewers in the FAQs.

Transfer Restrictions
The content contained in this website does not constitute an offer or sale of securities in or into the United States, or to or for the account or benefit of U.S. persons, or in any other jurisdictions where it is unlawful to do so.
Transfer of Savimbo tokens may be subject to legal restrictions under applicable laws. Under no circumstances shall Savimbo tokens be reoffered, resold or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended.

Tokens

Tree (SV-T) and Work (SV-W) tokens are non-fungible utility tokens, minted and issued based on verifiable doxxed real-world activity occurring in the Savimbo project interchange.

SV-T non-fungible "Tree" tokens

Tree tokens represent unique units of carbon sequestration that make sense to Sellers in the real world. They are minted, owned, and tracked by Savimbo to represent a discrete, easily cataloged, micro-unit of carbon storage. Sellers are paid up-front, directly by Savimbo in combined SV-W Work tokensfor the creation of Tree tokens. Tree tokens can vary in their characteristics, including the amount of carbon storage, lifespan, and process of independent validation. They can be sold, and resold, at any point in their development and lifespan. Early Buyers, may accrue some portion of their developed value over time via SV-C+ Carbon tokens which indicate a partial share of the storage in an individual Tree token and can be resold on the Savimbo platform.

Tree token characteristics

Type. SV-T tokens are most likely to represent an individual tree in replanting plots. However, they may be bundled to represent 1 hectare of native jungle (conserved carbon), or one ton of biochar (sequestered portable carbon). Bundled trees also have a plot type (old growth, secondary growth, mixed use, or experimental plot.
Identifier. We plan to use Blocktag identifiers throughout the lifecycle of a tree, but an identifier may be replaced if it is verifiably lost. Carbon sequestered via other mechanisms will have alternate identifiers.
Characteristics. A Tree token that represents an individual tree will have various characteristics, all of which alter its carbon-storage potential. The species and it's age. Utility (whether it is dominant in capturing carbon, fruit-bearing, or could be used in construction). Seed origin, (whether it has sprouted natively from natural regrowth, was transplanted from nearby jungle, or cultivated from seed banks). Geocode (eg, origin vs plantation). Also its interactions with animals, cattle, or other plants in the plot type it was grown in.
Seller. Tokens are owned and managed by Savimbo (to allow for burning of tokens when trees die, and transfer to other Sellers as biochar). But they are always associated with a unique Seller who has verified rights an associated geocode or biochar production apparatus.
State. Each type of Tree token can have varying states enabling tracking of planting and composting activities including Seedling, Planting, Rooted, Dead, and Biochar states. For example, one tree may start as a portable seedling, transition to a planted state with an associated geocode, or die and be sequestered as biochar, used in construction, or re-released to the atmosphere via decomposition. A Rooted tree's geocode is stored on the blockchain, is independently verified at random, and cannot be relocated unless the state changes.
Storage. This is a scientifically-validated estimate of the tons of atmospheric CO2 which can be reliably assumed to be available within a given Tree token. In other words how many SV-C tokens it can hold. Storage space increases over time in a species-specific growth curve for a Tree, stays static for biochar, and tends to remain linear for conserved jungle. Independent certifying bodies, monthly tracking, and annual photommetry scans may increase storage rapidly at the individual tree level if they have grown faster than predicted.
Smart contract. The carbon storage available in Tree tokens can be "rented" for fiat or cryptocurrency micropayments. Rental terms are for 1 year. Sellers are paid a free-trade floor price monthly by Savimbo to maintain their trees. But they receive a bonus of 20% of fees if a Seller purchases their Storage at a rate greater than the fair-trade price they have already received. They also recieve an increased rate for each year the Tree is maintained longitudinally on a species-specific growth curve. (A 300-year-old tree is more valuable than a 5 year old tree, conserved old-growth jungle is more valuable than conserved second-growth jungle, etc.).
Value. Like NFT art or garage rentals, Tree tokens are unique and vary in their market value. We set initial market value using data from Verra's public database, and public carbon-offset trading platforms like Nori, ICROA, or TIGR. But Tree tokens tend to increase in value over time as storage space increases (i.e. a tree grows) or market demand changes (projected 100X 50-year growth). Savimbo sale and marketing occurs with a fair-trade floor price, and subject to external scientific parameters, independent audits, and Certifying bodies. For instance, the monthly carbon storage in a Tree depends on parameters such as species, planting date, monthly tracking data, and annual photogrammetry of the stand. Tree token rental value can be increased by a variety of attributes, including certification with independent authorities like Verra (eg, Certified badge), collective ownership (eg, Indigenous badge) addition of natural fertilizers (eg, Biochar badge), animal species (eg, Naturalist badge), and sensors such as wildfire protections (eg, Derisk badge).

SV-W non-fungible "Work" tokens

Work tokens represent unique units of human labor that represent sweat-equity and governance among Savimbo project builders. This creative labor is required to create and maintain SV-T Tree tokens on behalf of the Savimbo project. They are minted, owned, and tracked by Savimbo to represent a discrete, easily cataloged, micro-unit of shared governance rights earned by both Sellers and Staff working on the project from many different countries, income levels, and stakeholder interests. While these stakeholders are willing and able to create Tree tokens for micropayments, they need secure, stable, compensation for this service. If Savimbo successfully transitions from private ownership to a DAO in future (as we would prefer) the DAO will be managed by governance rights associated with Work tokens. Currently, Work tokens parallel fiat or crypto payments made from Savimbo to Sellers and Staff for purchase of service, although eventually, they may replace them.

Work token characteristics

This project spans the globe. While some consultants can afford to donate their time, some must be paid in full on very short timescales. Also, a day's work in Europe is valued and timed very differently than a day's work in Africa, with very different costs of living. We are pragmatists about sustainability in global economics, but believe all levels of personal time are equally valuable and should be compensated in some way. So we created Work tokens to show our respect for human attention, enable stakeholder profits from project success, and enable collective management of project interests into the future.

SV-W tokens are minted on a per-shift per-contractor basis based on a standardized remuneration schema necessary for real-world interchange functions.

Shift. We´ve set work hour limits congruent with global patterns but encourage part-time work among all consultants. A shift corresponds to a unique day on UTC time. Shifts may be bundled into a term such as a monthly, annual, or bi-weekly contract. Training shifts are paid out at 50% rates. Shifts are for 12 hours, including meal breaks. They may be extended to 16 hours, but the extra 4 hours are at a double rate (eg. 125% shift). No consultant may work longer than 16 hours on a given day, including travel time. No consultant may work more than 6 days per week, and weekends shifts are not treated as overtime. Partial days are paid as shift percentage (eg. a traditional 8-hour US workday is a 75% shift, 6-hour dispatch shift is a 50% shift, 1-hour consulting call is a $8.3% shift).
Role. Standardized Savimbo roles include Seller, Silviculturist and Silviculture Tech, Validation and Validation Tech, Ecologist and Ecology Tech, Seller, Planter, Nursery Tech, and more.
Type. One Role may encompass many work Types. Work Types done on behalf of the Savimbo project includes replanting crews, monthly tracking done by Sellers, biochar creation, drone photogrammetry, sales, project certification, seedling cultivation, naturalist photography, teaching, and more.
Value. Compensated rates for Sellers and Staff are by country and role.
- Country. All Silviculture techs in Brazil have the same rate per shift, but Silviculture techs in the Congo or UAE may have a different rates. Staff working virtually are compensated according to the legal jurisdiction of their fiat bank account. If compensated in crypto, and/or working anonymously they are compensated at a global averaged rate for their Role.
- Rate codes. The fiat value of a work token are private and proprietary to the Savimbo project, however rate codes are public such that Sellers and Staff know they are being paid equitably with their peers.
- Sellers are paid monthly at a fair-trade rate. The calculation is as follows: (Associated Tree tokens * floor-price by country) + 20% of SV-C+ primary sales or SV-C+ resale-fees from any associated Tree tokens.
State. Work tokens are accumulated in association with time contributed to the project. But they may or may not continue to be associated with Value.
- Paid. If the Staff or Seller chooses to be compensated directly via fiat or cryptocurrency, they are paid in crypto or fiat at the agreed-upon rate once weekly and their work token attains a Paid state where it no longer holds Value, but retains governance rights.
- Equity. If the Staff or Seller chooses to forego direct compensation altogether they may convert their Work token to an Equity state. This cannot be reversed. One year from the date of conversion, this token will be eligible for dividend payments from Savimbo project profits. Dividends are 7% of annual profits, evenly distributed at year-end (Dec 31st) to all Equity token holders on the platform based on fiat Value of the converted token in Gold at the time of conversion to an Equity token.
- Donated. If the Staff or Seller chooses to forego direct compensation altogether they may also choose to donate their Work token to the 501(c)3 nonprofit Empulsive Ink. This cannot be reversed. A receipt for donation will be issued to the contractor.
Governance. All work tokens have equal Governance rights independent of State, Value, Type, or Role. Governance enables voting on a per-token basis. Voting may be delegated to another Work token holder. Governance topics include structure of all tokens, the platform, and rates. Any work token holder may propose a public governance topic. For the first five years, Savimbo will retain the power to put public topics to a vote, after which we will consider transitioning to DAO governance and distributing this power among Work, and Equity token holders.
Note: Work tokens may be issued in association with other projects proprietary to companies in our partnership and may be exchanged within the various projects. Our work tokens may also be transacted by the autonomous entitys we create as Land DAOs for collective management of biopreservation zones. While different projects may have different Roles, Types, Value, and State schemas, Work tokens will always and only be minted based on real-world services delivered.

SV-C fungible "Carbon" tokens

Carbon tokens represent standardized units of carbon sequestration that makes sense to Buyers in the real world. Carbon (SV-C) tokens are publically-traded free-market fungible utility tokens directly representative of 1 ton of atmospheric carbon dioxide. In their native SV-C State, their initial market rate will be set at $0.25 USD, and purchase is applied to project development to expand access to Sellers. However, Buyers may opt to associate their native SV-C tokens with an individual, or bundled SV-T Tree token in a smart contract. When this is done the token achieves an SV-C+ state and can be transacted on secondary markets after 1 year as representative of 1 ton/year sequestered CO2 carbon offset. The token can be resold on the Savimbo exchange at a later date for a transaction fee of 7%, transferred to partnering offset exchanges, or redeemed off-platform at which point it achieves an SV-C- state and is reported to Verra as a retired (used) credit.

Carbon token characteristics

We're dead serious about putting real-world value into a Web3 carbon-offset product. We want to use blockchain technology as it was intended: for transparency, granularity, and distributed benefits. Our SV-C Carbon token is specifically designed to maximize value for serious investors, and industry Buyers who really want fair market conditions.

Standard. The current carbon-offset market is under heavy critique for its 40-year accounting protocols. Our Carbon token smart contracts are a response to scientists' increasingly strident requests for standardized ton/year accounting which takes into account the fluctuations inherent in nature-based solutions and their true relationship to climate change. We're bullish on this, if the market cannot convert to an accurate ton-year standard, it will fail — because it is tracking fictional credits.
State. Our carbon tokens are each directly representative of 1 ton of atmospheric CO2 which can have three states, representative of Buyer needs, and scientific accounting.
- Native, SV-C state. Many of our Buyers simply want to invest in the Savimbo project itself. That's great and we've made it possible to do so by participating with purchase, resale, and retention of SV-C credits in their Native state. These credits may fluctuate in value over time as Web3 markets tend to do, but the fluctuations don't impact offset science or fair-trade for Sellers significantly in the Native token state. All funds from this pool are used to expand the availability of Sellers on this market.
- Sequestered, SV-C+ state. Buyers who are serious about sequestering carbon can associate their Carbon tokens with an individual, or bundled, Tree token in a smart-contract. The contract allows the Buyer to sequester their 1/ton carbon token for 1 year, with renewal rights at a discounted rate if continued storage is available (see Smart Contracts below).
- Retired, SV-C- state. We take retired credits seriously. Retired credits have been used by industrial Buyers. They have been reported as a legitimate purchase to sequester carbon that was emitted elsewhere in the world. When a buyer wants to use one of our credits in a cap-and-trade program, they transfer ownership to us in a smart contract, then for a one-time fee we report it to Verra and other international tracking bodies, and the token is burned.
Value. A ton of CO2 reliably sequestered for 40 years on the traditional market has an average global market rate of $3-$6 for 40 years of storage in 2022, or about $0.11 in ton/year accounting. Bloomberg predicts this number will 18x by 2030, and 100x by 2050. A buyer who purchases a $0.25 Carbon token, and associates it in a smart contract with a Tree token, will have an estimated 235% gain by 2030 (see Customer journey). One year of "storage rental" on the Savimbo market is equivalent to a 1 ton-year carbon offset which tracked on each SV-C+ token and may be transacted on Savimbo or partnering exchanges similar to the way VCUs (verified Verra carbon offsets) are currently bought, sold, and retired. Note that some of our credits may qualify for VCUs during their lifecycle, and some may not and this will be clearly indicated on the token itself and affect its value.
Smart contracts. Our smart contracts protect both Buyers and Sellers. Trees die, and life in tropical forests is hard. But trees can also live for up to 300 years, and carbon offsets will dramatically increase in value. We balance these potentials by creating smart contracts that only last for one year, but autorenew for the balance a Buyer has left on their SV-C token. So if your tree dies, then you can move your Carbon contract to another Seller, but if your tree thrives then you can lock in the storage space for 50% lower-than market rates. Buyers with seniority in a Tree token have right-of-first refusal for contract renewal, or additional storage space. They also recieve a small yield from secondary buyers if they are the first Buyer in the token, or the first Buyer with a new Seller because they have accepted some additional risk (see SocialFi section).
- For instance: Buyer X associates their SV-C token with a seedling planted by Farmer A. Buyer X wisely adds two years of additional storage into the contract to lock in his storage rates. Farmer A only has a one-year contract with Buyer X, but he likes growing trees so he leaves the seedling to grow. In year 2, Buyer X now has a 1 ton/year carbon offset to sell, and his contract auto-renews for 50% less than Buyer Y who buys the additional storage now available in Farmer A's tree. Because Buyer X was the first purchaser in the seedling, he is given the first option to buy the additional storage, and when he chose not to, he is given a small dividend from Buyer Y's purchase to compensate for his additional Risk as the first buyer in a small tree.
Risk. We reward first-movers due to increased Risk. Primary Buyers who invest in seedlings, will lose some percentage of baby trees. But as the trees grow, the Risk decreases and secondary Buyers can purchase the additional storage in de-risked plantations. We make this fair by paying a percentage of secondary Buyers sales, to primary Buyers by seniority in each Tree token. The Risk percentage is algorithmic for each token and constantly updates based on real-time feedback from survival data.
Governance. All Native SV-C token holders have the ability to vote on the development of new markets. When the Carbon token is upgraded to SV-C+ state through association with a Tree smart contract, it gains some governance rights including the right to vote on details of new scientific standards, platform partners, etc.

Token launch

The initial token launch is for the issue of $20 million SV-C Carbon tokens for the deployment of the mobile web interfaces, and recruitment of pilot planters in the Colombian Amazon. Holders of this tranche of tokens are entitled to use them immediately with available sellers for the purchase of validated carbon-offsets or resell them on secondary markets.

Supply and Inflation

No max supply of SV-C fungible tokens as they directly represent transactions in excess tons of atmospheric carbon dioxide and this is currently being emitted at a rate of 40,000,000,000 tons per year.

SV-C Token Address

To be released...

Distribution and Vesting

For initial tranche.

Category	Total Supply	Available at Launch	Cliff Period	Vesting Schedule After Cliff
Private Sale	5%	0%	12 months	Vested linearly over 48 months
Launch partner Rewards	5%	5%	N/A	N/A
Savimbo treasury	30%	10%	3 months	Vested linearly over 24 months

Note: Private sale and launch partner rewards are still being finalized, and the numbers are subject to change. Unallocated amounts will be returned to Savimbo.

Private Sale

First vesting: November 1st, 2022

Launch Partner Rewards

2.6% for SushiSwap
Remaining TBD

Savimbo Treasury

The Savimbo treasury will hold 30% of total SV-C tokens
Tokens can be used for swaps, grants, milestone rewards, staff, etc.
Treasury tokens are effectively owned by token holders in proportion to their token holdings (e.g. a 1% token holder has a look-through ownership of 1% of the 30%, or an additional 0.3% of overall tokens).

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Last updated 1 year ago