Tokenomics
Cleverly-designed tokens that mimic actual carbon behavior in the wild!
Last updated
Cleverly-designed tokens that mimic actual carbon behavior in the wild!
Last updated
Our token economics balance the of Web3 NFT markets, the , rapidly changing, and carbon accounting programs on the emerging , the on what constitutes dial-moving carbon sequestration, and the hard lived-reality of the world's .
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 .
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.
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.
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
SV-C Token Address
To be released...
Distribution and Vesting
For initial tranche.
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).
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 for 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 which indicate a partial share of the storage in an individual Tree token and can be resold on the Savimbo platform.
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 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.
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 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.
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 per year.
Identifier. We plan to use 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.
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 , 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 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,), collective ownership (eg, ) addition of natural fertilizers (eg, ), animal species (eg, ), and sensors such as wildfire protections (eg, ).
Sellers are paid monthly at a fair-trade rate. The calculation is as follows: (Associated Tree tokens * floor-price by country) + 20% of or SV-C+ resale-fees from any associated .
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 . This cannot be reversed. A receipt for donation will be issued to the contractor.
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 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.
Retired, SV-C- state. We take 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 ). 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 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 section).