OTS - TreeCoin Launches Compliant Token Offering to Plant 10 Million Trees
2019. November 04. 09:23
Zug, 4 November, 2019 (APA/OTS) - TreeCoin , the blockchain-based
ethical reforestation and timber cultivation program, has launched
a unique Hybrid Token Offering (HTO) to raise funds for the
purchase of over12,000 hectares of fallow land in Paraguay to plant
10 million Eucalyptus trees in Paraguay.
If successful, the initiative will not only provide sustainable
timber and subsequent profit for over two decades but also generate
long-term income that will be reinvested into the expansion of
enough land for 37 million trees in the heart of the South American
tropics over time.
Sustainable. Ethical. Profitable.
The world's thirst for timber has led to severe deforestation
over the past few decades, with forest
reserves rapidly declining the world over.
TreeCoin's CEO Jörg Schäfer, himself a long-time advocate of
green initiatives speaks about TreeCoin's ambitions of developing a
sustainable, scalable timber production model that can be easily
adopted by other environmental protection/conservation enterprises.
He explains:
"We consumed roughly 340 million metric tonnes of timber last
year, and each year, this will only
increase. Soon we will need one and a half of our planet to
satisfy this, which is simply not sus-tainable.Many countries have
already paid the price of deforestation.
Paraguay is a particularly tragic case, having lost almost 90%
of its eastern forests - causing irre-versible damage to the
ecosystem. Realistically it will be decades before its woodlands
can return to their former glory. But this reforestation initiative
is worth the investment, on both a local and global level."
According to Schäfer, the project has already spent several
years of research on the ground work-ing with a local reforestation
partner. TreeCoin even operates a training facility, hiring local
Para-guayans to care for eucalyptus seedlings in nurseries. The
facility is led by TreeCoin reforestation specialist Andreas
Jelinek of Grupo Empresarial La Rivera S.A. Paraguay, who have
successfully seen 3,000 hectares of land into development and 2.5
million harvested trees under their man-agement.
After the HTO and throughout a 23-year cycle, the company
estimates harvest revenues - after profit distribution - will
enable reinvestment to purchase new land and new trees to a total
value of $546 million. In total, 59,650 hectares of land will
provisionally be acquired for reforestation, the outcome of which
will generate a projected profit of USD 1.1 billion.
How the TreeCoin HTO works
The hybrid token offering involves a dual-token model, where
security tokens (described as TREE) are sold to investors, each
backed by one physical eucalyptus tree which is planted by TreeCoin
in Paraguay. In addition, every TREE sold generates currency tokens
(described as TXC), assigned to the token buyer and distributed to
the project and other beneficiaries. Each TREE generates 100 TXC.
An investor in the HTO, therefore, holds TREE security tokens which
ensure they receive a share of profits generated from timber
harvests, as well as TXC currency tokens, which will be de-veloped
as a native payment currency used to support local retailers,
communities and social pro-jects in Paraguay.
About TreeCoin
The TreeCoin HTO is a FINMA-compliant offering in the Swiss
jurisdiction, managed by Zug-based Global TREE Project AG .
1 TREE sold generates 100 currency tokens (designated as TXC).
Of this, 70 TXC is assigned to TREE holders. As a hybrid token
offering, the TreeCoin HTO will offer a maximum supply of 10
million security tokens designated as TREE tokens, with a base cost
of $23 each, for a maximum of $230 million raised. 40% of revenue
from each harvest is distributed proportionately to TREE holders,
while 50% is reinvested in purchasing land and seedlings; ensuring
TREE is a passive growing asset.
Visit TreeCoin's Whitepaper
(https://tree-coin.io/wp-content/uploads/2019/02/TreeCoin_Whitepaper.pdf)
for more details about TreeCoin, TREE and TXC tokens. Register now
to participate in the TreeCoin HTO (https://invest.tree-coin.io/).
Global TREE Project AG
Rothusstraße 23
CH- 6331 Hüneberg
Contact: info@tree-coin.io
Press Contact:
Torsten Schiefen
Tel: +491732497313
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