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January 17, 2022
Crypto News

Cardano Foundation Completes Funding To Plant 1 Million Trees

Last yr, the Cardano Foundation introduced that it was partnering with Veritree to plant 1,000,000 timber. This partnership was a part of the mission’s dedication in the direction of going carbon inexperienced and serving to to fight local weather change. Over the subsequent few months, the inspiration had continued to push this mission, elevating cash within the course of for the timber. Now, the inspiration is able to start planting its million timber because it completes funding for its mission.

Cardano To Plan 1 Million Trees In Kenya

In a latest tweet, Chief Executive Officer of the Cardano Foundation, Frederik Gregaard, confirmed that the mission was now 100% funded and able to go. The #CardanoForest mission is geared toward planting timber to fight deforestation and restoring land and native ecosystems. With this, Cardano goals to push ahead its Cardano Global Impact Challenge in what would be the first of many.

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It exhibits the Cardano Foundation’s dedication to the well-being of the setting and sustaining a inexperienced footprint. Partnering with blockchain startup Vertiree, which makes use of blockchain know-how to assist tree-planting efforts throughout the globe and retaining monitor of the timber planted.

The funds for the 1 million timber mission have been sourced from the Cardano group, with those that donate 15 ADA and above receiving a Digital Land Restoration Certificate, in addition to different rewards, and with the ability to trade their ADA for TREE tokens on a 1:1 swap. For every ADA donated, one tree shall be planted, and on the time of this writing, 1,001,000 have been funded via this initiative.

Gregaard confirms in his Twitter thread that the efforts of the #CardanoForest will deal with Mombasa, Kenya, to help land restoration and native ecosystem growth actions. In addition, “All trees planted will be recorded on the Cardano blockchain for enhanced transparency and serve as public proof of land restoration activities,” the CEO mentioned.

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Positioning To Help The Climate

Cardano being a proof of stake community has at all times been targeted on serving to the local weather. Through its latest partnership with Veritree, it has taken this one step additional by replenishing the forest sources of the world. The mission plans to plant timber throughout a lot of international locations, together with Kenya, Nepal, Madagascar, Indonesia, Senegal, and Haiti.

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This is in an effort to fight the consequences of crypto mining on the local weather, which makes use of an amazing quantity of power to verify transactions, within the case of proof of labor mechanisms.

In a tweet, CEO Frederik Gregaard reiterates Cardano’s dedication to positioning the blockchain as a world chief in local weather change.

As Cardano strives to be carbon-neutral, it is usually working to vary the narratives round blockchain know-how and its profit to humanity. “Together we all share a mission to see Cardano deliver as a blockchain for good,” mentioned Gregaard.

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