Greenpedia
September 13, 2022

What is Regen Network and $REGEN token?

What is Regen Network and $REGEN token?

What is Regen Network? $REGEN

Token listing on: Osmosis dex

Token name: REGEN Network

Background

Regen Network is a global blockchain-based marketplace and contracting platform for Earth’s ecosystem assets, services, and data. Eco credits are issued according to the criteria set within each Credit Class on the Regen Ledger blockchain. Project developers issue these credits after every successful monitoring and verification round. Eco credits are then listed for sale in the Regen Network marketplace application. They can be purchased by corporations and individuals interested in offsetting their carbon footprint and having a positive climate impact.

Introduction

Regen Network was created to solve the problem that broken economic models incentivize land degradation, destroy ecosystems, and fuel climate change. As a blockchain community-building tool and applications on the code base of Regen Ledger, Regen Network’s vision is to establish a series of features that allow for ecological assets to be originated natively on the web3 Regen blockchain for carbon offsetting purposes. Its community focuses on ecological regeneration projects, as the company believes that restoring ecosystem function is the primary way everyone can design a different climate change future together.

Regen Network marketplace

Regen Network’s marketplace is a new contracting platform for stewards to monetize their ecological data and get rewarded for ecologically regenerative practices. Regen Network catalyzes the regeneration of our ecosystems by improving the state of our land, oceans, and watersheds and enabling rewards for verified positive changes.

Journey

In 2017, Regen Network started building the ecological asset origination system on Regen Ledger. Since then, the Regen Network community has grown exponentially. The Regen Network blockchain protocol is maintained by 75 validators and utilized by nearly 17,000 $REGEN wallet holders. The Community Funding Program supports 42 projects which are BuiltonRegen, and 20+ methodologies are under development in Regen Registry. Regen Foundation incubates the Community Supported DAO program (CSDAO).

Regen Ledger

Regen Ledger is a public, proof of stake (PoS) blockchain developed with the Cosmos Software Development Kit (SDK) built to verify claims, agreements & data related to the ecological state. Regen Ledger enables multiple registries to communicate and transact, producing a public environmental accounting system. Get involved with our community of developers.

Regen Token

$REGEN token is a delegated proof of stake model with inflationary staking rewards.

$REGEN tokens are now available on the Osmosis Decentralized Exchange and Gravity Decentralized Exchange via Emeris. Token holders may also provide liquidity in REGEN:ATOM pools and REGEN:OSMO (Osmosis only) pools.

Closing Statement

Regen Network has been leading a Cosmos-based initiative called CosmosZERO, which supports Cosmos-based protocols in identifying their carbon footprint and offsetting to become carbon neutral. Regen Network is partnering with the Osmosis dex to establish a $REGEN:NCT liquidity pool to ensure protocols can efficiently and effectively offset their carbon footprints. Protocols will be able to purchase NCT tokens from this pool, convert them to eco credits, and then retire them for carbon offsetting claims.

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