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EarthFund
FAQs and answers

EarthFund FAQs and answers

About EarthFund


Why have you created this project and what was the inspiration?

The inspiration for this project came from our founding investor, Adam. Adam has a history of bankrolling low-budget, high-impact projects that help the environment. (Like matching an MIT grant for a project to use cameras and balloons to map the extent of the BP oil spill.) But Adam realized that his approach wasn’t scalable, and that it was going to take a lot more than one person to really make a difference. It was around that time that he got into crypto and realized the difference that a global DAO with a treasury for changing the world could make. So he built the A-Team of developers, crypto veterans, tech entrepreneurs and creatives to build the protocol and tools the EarthFund community needs to work together and make the world a better place. And now, we're putting that power in your hands.

Asked by our Discord community

Answered by Alex V, Community and Communications Lead


What makes this project unique?

EarthFund has all the usual things that make a project special: an extremely experienced team from a range of industries, from crypto veterans to experienced entrepreneurs to lawyers to a crack creative team; a great vision; an engaged, growing community dedicated to saving the world… But what makes EarthFund truly unique is its goal to give ordinary people a real, meaningful voice in their future. Just by buying and staking a 1Earth token, anybody in the world can have a real say in what the future looks like and vote on how the EarthFund treasury should be spent on earth-changing projects. Our goal is to decentralize all the spending power and influence of billionaire funds and governments and give it back to the people, and there’s no other project (even other eco-focused blockchain projects) that’s doing anything like that at all.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


Is EarthFund for-profit or a non-profit?

Legally, EarthFund is a for-profit. However, unlike most for-profits, almost everything we make goes back to the community as payments to the EarthFund Foundation treasury or as rewards to the EarthFund DAO users. 2% of every token is taken as “profit” for EarthFund, and almost all of that goes back into the development of the DAO too. (We’re in the process of investigating whether to make the EarthFund Foundation a legal non-profit so that future contributions can be tax-deductible, but that won’t be the case at launch.)

Asked by our Telegram community

Answered by Michael F, Smart Contracts and Protocol Lead

Growing EarthFund


What is the marketing plan, short and long term?

Short term, we’re hyper-focused on growing our community across the internet, from Telegram to Instagram, Twitter to Reddit. Any crypto project lives and dies by its community, and a DAO doubly so, so we’re making sure to grow an engaged community of passionate crypto enthusiasts and eco-warriors who want to make the world a better place. We’re also focusing on strategic partnerships to grow EarthFund and make a difference. (We’ve already teamed up with Upstate Interactive and Oco Crew.) Long term, we’re going to build a marketing strategy that spans everything from Brave ads to (hopefully) strategic partnerships with like-minded celebrities to make sure EarthFund is the first name on peoples’ lips when they think of “saving the world.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


What does the road map look like? What are the plans for long-term stability?

You can check out our full roadmap in our whitepaper, but the gist is this: we’re going to do everything we can for the first 50 weeks to get EarthFund set up for success. That means working with experts to get listed on the best exchanges, building DAO functionality that can scale, growing an active community, getting as much money into the treasury as possible, setting up communities within the DAO for passionate people to join... And then, after a year, our leadership team is going to hand over the reins to the DAO and let them have full autonomy over everything. So the success of EarthFund relies on building a strong, engaged community of active users. (And we’re already well on the way to that.) And with only 1billion 1Earth tokens in circulation — the key to joining the DAO and having a say — there will always be a market of people looking to get involved and make a difference.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


Will NFTs, games, or music be incorporated?

We’ve already teamed up with Oco Crew to airdrop planet-saving NFTs to our community. (As they’re sold, they’ll continue to do good for the planet.) And we’ve got plans to mint NFTs for members of each cause within the DAO too. But ultimately, we’re not calling the shots. If the DAO votes for using some of the treasury to create a play-to-earn game that plants trees (or whatever) then that’s what we’re going to do. Our community of super-engaged crypto enthusiasts has already given us a ton of great ideas — from using Quadratic Funding to finding causes — so we’re sure they’ll keep coming up with more.

Asked by our community on a YouTube AMA

Answered by Alex V, Community and Communications Lead


What will make this is a great community?

This is something we’ve discussed as a team from Day 1. We’re not launching a pump-and-dump shit coin. We’re building a community, and that’s much harder to do. So, time and time again, we’ve come back to the sociologists David McMillan and David Chavis and their work on what makes a thriving communities. They say that truly great communities have four things in common: Membership: that feeling that you are welcome and belong. Influence: the knowledge that what you say really makes a difference Integration: the feeling of having spaces for the whole self, from completing goals to socializing. Shared emotional connection: the knowledge that everybody is working together towards a shared goal, even if your ideas on how to get their differ. So we’ve done everything we can to make sure that, from the moment we launch, our community is set up to be a great community. 🤝 Membership: we’re minting membership NFTs for members, creating causes so you can join subcommunities for causes you’re passionate about, growing active Discord channels, holding AMAs with the community and our contributors… everything we can to make new members feel welcome and like they belong. 👔 Influence: we’re set up to do this by design. Staking your 1Earth token gives you a vote on everything and Quadratic Voting means that not only can you make your voice heard louder on causes you care about, but that your voice is just as important as somebody who holds more tokens. 🔗Integration: from Discord channels for casual chats to AMAs with experts to communities within the DAO to let you have a voice in the causes you’re passionate about, the EarthFund DAO will be structured to give you different spaces and take part in every facet of EarthFund. (If you want to, of course. If you’d rather just do one job, that’s cool too.) 🌍 Shared cause: Some of us might want to make EarthFund the best DAO it can be, while others might want to spend the treasury on tech projects or helping third-world countries. Whatever role you want to play in the EarthFund community, we’re all bound by one big that one big goal: making the world a better place.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead

EarthFund DAO


What is a DAO?

DAO stands for decentralized autonomous organization and is — at its simplest — an organization controlled by a community, with all decisions automatically carried out by code. Rather than being managed by a board, committees, or executives, DAOs are governed by token holders.

Asked on Twitter

Answered by Alex V, Community and Communications Lead


What is the EarthFund DAO?

EarthFund DAO is a global community of people who want to change the world for the better by using the EarthFund treasury to fund the kinds of projects that could save the world.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


What are causes?

You can think of causes a bit like a DAO within the bigger EarthFund DAO. Essentially, you join a community dedicated to helping a cause you’re passionate about — say funding green technology advancements or helping smaller, more human causes — and use that cause’s budget to fund the kind of projects you want to see become a reality. Margaret Mead once said: “Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it is the only thing that ever has”. The causes are our way of breaking the EarthFund DAO into small groups of thoughtful, committed people to change the world.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


What’s the timeline to full autonomy?

We’re running at full pace at the moment to make sure the DAO is ready to be fully autonomous within a year of launch. That means that — after a year — the DAO will have complete control over everything EarthFund does. We’re planning on a linear path to autonomy too, giving the DAO more and more control as we get closer to the autonomy date.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


How do I join the EarthFund DAO?

We’ve not launched yet, but when we do, it’ll be super simple. Just buy a 1Earth token and stake it in exchange for a governance token. Then, you’ll be able to join the DAO and have a vote on everything.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


Do you reward DAO members and contributors?

Of course! 2% of every contribution is put aside to reward DAO members and communities. (All payments are decided by the DAO.) We’re still working out the fairest way to reward DAO contributors. If you have any ideas, let us know!

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead

About 1Earth


What securities will the team provide to reassure new investors that their money is safe? How does the tokenomics work?

1Earth is a governance token for funding Big Ideas and having a voice in the EarthFund DAO. Buying 1Earth gives holders the option to: ✅ Hold and sell 1Earth on the secondary market ✅ Stake 1Earth to get a governance token and a voice in the DAO ✅ Stake and earn rewards for participating and voting ✅ Earn rewards for donating to projects that make an impact All of this is powered by a 5% fee on all crypto contributions made to the EarthFund Foundation.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


Did you have any private sales or airdrops?

Launching a successful crypto token is hard. Building a community is harder. Building something that can change the world on real scale is even harder. So we made the decision to have a founders round and private sale round to raise the capital we needed to get to market, build the DAO and set EarthFund up for success. The founders’ round came with a 1-year lock-up and 1-year linear unlock to prevent a team pump and dump. You can see exactly how much we raised in our founders and private sale in our whitepaper.

Asked by our Telegram community

Answered by Michael F, Smart Contracts and Protocol Lead


Will there be taxes?

We originally planned for the EarthFund treasury to be filled with taxes/reflections. However, as we developed the idea further, we decided that could actually deincentivize users from getting involved in EarthFund. So now, there are no taxes at all. The only time EarthFund takes a fee is when crypto contributions are made to the EarthFund Foundation, just like when you make a payment through PayPal, GoFundMe or wherever…

Asked by our Telegram community

Answered by Michael F, Smart Contracts and Protocol Lead

EarthFund Team


Have the team been part of other projects in the crypto/eco space?

Oh yeah, 100%. Our founder basically put together the Avengers to build this project. We’ve got team members that have worked on everything from DeFi exchanges to Facebook’s Diem project to innovative SPAC investment deals. On the eco-and-giving side, we’ve got team members who have done everything from helping launch a fintech eco solution (a card that plants trees every time you spend) to growing a leading green energy company to running a charity campaign that raised $16m in 72 hours.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


Will you dox?

Our launch team is fully vetted and doxxed, but anybody who wants to join the DAO will have full control over how much information they share about their identity.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead

Cryptocurrency and climate change


How can cryptocurrency help global warming?

Crypto doesn’t have the best reputation for the environment. And while there has been some debate over the validity of some of the criticism of crypto’s eco-footprint, there’s no doubt that crypto needs to do some work to be more eco-friendly (Let’s not forget, it’s not like other financial systems aren’t objectively awful for the planet.)

So we wondered: what if crypto could be used to fund world-changing, planet-saving projects around the world? What if crypto could be used to foster global efforts to the climate crisis that aren’t bound by geopolitics and local borders? What if we could use crypto to unite a global community of people dedicated to making the world a better place? So we built EarthFund to do just that. It might not be perfect (yet), but we’re doing everything we can to make sure there’s never any doubt that EarthFund is a force for good in the fight against climate change.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead


What are EarthFund doing to reduce your carbon footprint?

First of all, using a proof of stake protocol (rather than a proof of work blockchain) helps reduce crypto’s well-publicized carbon footprint. (If Bitcoin transaction was as tall as Dubai’s Burj Khalifa skyscraper, then a current Ethereum transaction would be the Leaning Tower of Pisa. However, an ETH 2.0 transaction would be the size of single 0.025m screw. And it’s ETH 2.0 that we’re going to use as much as possible.) But it’s not enough to just have a token that’s as close to carbon-neutral as possible. We want to go further and use crypto and blockchain to be a force for good and fund planet-saving projects around the world. That way, even as we improve the efficiency of our protocol, EarthFund’s impact on the world will still be very, very carbon positive. PS. So far, we’ve helped remove 1.7M lbs of carbon from the atmosphere, and we’re not even live yet.

Asked by our Telegram community

Answered by Alex V, Community and Communications Lead

EarthFund Foundation


What is the EarthFund Foundation?

EarthFund Foundation is the treasury that funds all of the projects. It’s powered by contributions, EarthFund equity and some LP rewards/market making but controlled entirely by the EarthFund DAO.


How is the treasury filled?

Here's a quick breakdown: 🌍 95% of every crypto contribution will go straight to the chosen cause 🌍 1% of every contribution will go into the EarthFund treasury to fund projects 🌍 15% of all EarthFund tokens (150,000,000 tokens) will be added at launch 🌍 We'll use a market-making tool to buy and sell tokens from the reserve to add to the treasury 🌍 Liquidity pool rewards will be added to the treasury too Then, it's up to the EarthFund DAO to decide how to spend it to make the world a better place.


Is the EarthFund Foundation a 501(c)3?

Not yet, but we’re in the process of investigating becoming one. If it does become a legal non-profit, any contributions you make to world-saving causes will be tax-deductible in the USA.

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Change the world.

Come and join 50,000+ people working together to fight climate change and make the world a better place. 🙌

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