Cardano Foundation reached a million planted trees

The non -profit organization Cardano Foundation reached one million planted trees as part of the Ecological project Cardano Forest using the ADA token token.

“Cardano Forest is 100%funded, we reached a million trees milestone. The success of the initiative really demonstrates the power of the Cardano community, ”wrote CEO of the organization Frederick Gregard.

Cardano Foundation is implementing the environmental initiative together with the startup Veritree. Users exchange ADA for TREE tokens, each of which is equal to one tree. The minimum amount of donations is 15 ADA, the ceiling is not limited.

Tokens can be exchanged for NFT in certain "repayment days". https://newsportal.com.ua/2022/06/24/media-morgan-creek-digital-plans-to-buy-a-control/ The rareness level of digital collection objects depends on the amount paid, in total, nine gradations are provided.

According to Veritree, the maximum amount of donation at the time of writing is 100,000 ADA (~ $ 111,000).

“Cardano Forest will support the activities of land reclamation and the development of a local ecosystem in Mombas, Kenya. All planted trees will be recorded in the Cardano blockchain to increase transparency and serve as a public evidence of the project, ”Gregaard said https://gagarin.news/ru/news/venture-investor-cv-vc-announces-support-for-blockchain-startups-in-africa/ .

We will remind, earlier the head of IOHK Cardano, Charles Hoskinson, spoke about the development plans of the platform in 2022.