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Summary of SavePlanetEarth
Key Points
- SavePlanetEarth (SPE) is a global environmental initiative founded in April 2021.
- SPE collaborates with governments and NGOs to address climate change and promote environmental sustainability.
- The Planetary Carbon Standard (PCS) is a proprietary carbon credit standard developed by SPE.
- The SavePlanetEarth Carbon Credit Marketplace (SPECCM) is a platform for transacting carbon credits.
- The $SPE token is the native utility token used for transacting carbon credits on the SPECCM.
Tokenomics
- Max supply: 1,000,000,000
About SavePlanetEarth: Empowering a Sustainable Tomorrow
Introducing SavePlanetEarth: A Beacon of Hope for a Sustainable Tomorrow
SavePlanetEarth (SPE) is a global environmental initiative established in April 2021, which collaborates with governments and non-governmental organizations to combat climate change and promote environmental sustainability through its proprietary carbon credit standard, the Planetary Carbon Standard (PCS), and the SavePlanetEarth Carbon Credit Marketplace (SPECCM). On April 9th, 2021, they introduced the $SPE token.
The Multifaceted Utility of the $SPE Token: Unlocking a World of Possibilities
The native utility token, $SPE, facilitates transactions of carbon credits on the SPECCM platform. For every carbon credit onboarded and sold on the marketplace, a utility fee in $SPE is incurred, which is subsequently allocated as follows: • 60% is burned, thereby introducing a deflationary mechanism to the token’s economy • 30% is distributed as rewards to participants in the $SPE staking pool • 10% is allocated to holders of Limited Edition Carbon Credit NFTs (LECCNFTs)
Notable Milestones Achieved by SavePlanetEarth
• SavePlanetEarth has pioneered the development of the Planetary Carbon Standard (PCS), a globally recognized, cutting-edge methodology for calculating carbon credits, which leverages innovative technologies to democratize access to carbon markets for a broader audience:
https://www.planetarycarbonstandard.com/
• Following rigorous scrutiny, the Sri Lanka Climate Fund (Ministry of Environment) has officially endorsed the PCS as a viable method for calculating carbon credits:
https://apnews.com/press-release/ein-presswire-newsmatics/climate-change-f45bc81349769027dfe1cf36f4aa8b25
• Notably, the inaugural project adhering to Planetary Carbon Standard’s methodologies has received full approval from a governmental Validation and Verification Body (VVB). This landmark project is set to generate 8.6 million carbon credits, which will be exclusively listed on the SavePlanetEarth Carbon Credit Marketplace (SPECCM):
https://www.climatefund.lk/slccs.html
– SLCCS #0010
The Current Tokenomics of $SPE: An Overview
The $SPE token is inherently deflationary, as it lacks a mint function, and is further reduced in supply with each carbon credit onboarded and purchased on the SPECCM marketplace, where a portion of the token is burned.
Unveiling the Unparalleled Essence of SavePlanetEarth
SavePlanetEarth (SPE) pioneers a novel approach by seamlessly integrating blockchain technology into carbon markets and offsetting initiatives, thereby bolstering transparency and efficiency while mitigating the pervasive issue of double counting. The organization’s multifaceted activities encompass the sale of carbon credits, provision of environmental consultancy services, development of renewable energy projects, and implementation of tree planting campaigns.
As of December 29th, 2023, the $SPE token’s economic framework is structured as follows:
Maximum Supply: 1,000,000,000
Burned Tokens: 412,616,340
Total Supply: 587,383,660
Locked Team Tokens: 120,000,000, vested on a monthly basis for 10 years, commencing January 1st, 2024, at a rate of 1,000,000 $SPE per month.
Likewise, locked tokens for the staking pool amount to 80,000,000, vested monthly for 12 years, starting January 1st, 2024, at a rate of 555,555.555 $SPE per month.
Circulating Supply: 387,383,660
Embedded within the token’s smart contract is an adjustable buy and sell tax mechanism, capped at 10.0%. Presently, the buy tax is set at 2.5%, while the sell tax stands at 10.0%. The revenue generated from these taxes is automatically allocated towards bolstering liquidity and augmenting the staking pool.
*Leveraging cutting-edge technologies, including artificial intelligence and machine
Precise calculations and management of carbon credits are facilitated by SPE through the synergy of learning, data science, and satellite imagery. Upholding credibility is ensured through rigorous third-party verifications and stringent quality control measures. The Planetary Carbon Standard (PCS), developed in collaboration with United Nations Framework experts, rigorously assesses and verifies global carbon sequestration projects, adhering to recognized ISO standards and collaborating with various Ministries of Environment.
SPE’s innovative integration of diverse data sources, encompassing KML files, LiDAR, Landsat, Airbus, and Sentinel imagery, facilitates precise environmental data visualization and monitoring. This cutting-edge approach enables the effective evaluation of forest health and tree canopies, providing a more efficient and reliable alternative to traditional methodologies.
Digitalizing land evaluation, SPE amplifies its carbon credit endeavors, thereby facilitating expedited and precise land assessments. The PCS framework empowers the participation of small and medium landowners in carbon credit markets, providing robust methodologies for the accurate quantification of carbon sequestration.