This article is about what is Earth Fund (1EARTH) crypto DAO. Earth Fund aims to decentralize the decision-making and funding process for world-changing ideas, which is currently dominated by governments, charities, and billionaires. Through blockchain technology, Earth Fund empowers the global community to have a real say in shaping the future by funding game-changing ideas and supporting causes they care about.
What is Earth Fund (1EARTH) Crypto DAO?
Earth Fund DAO is a decentralized autonomous organization (DAO) that aims to provide a transparent and accessible donation platform for supporting various causes related to saving the planet. It was established in September 2021 by a team of investors, entrepreneurs, and blockchain experts, led by Adam Boalt.
The motivation behind Earth Fund DAO is to address the increasing demand for decentralized alternatives to traditional charity systems, which are often controlled by governments and wealthy individuals. The platform seeks to empower individuals who wish to contribute to earth-saving initiatives but face challenges with the complex bureaucracy and red tape associated with centralized charities.
By decentralizing the donation platform, Earth Fund DAO allows all participants to have a meaningful impact on the organization and funding of projects. This approach aims to eliminate the influence of a select few in choosing projects and prioritize transparency in decision-making.
The platform's main goal is to support a wide range of causes related to environmental conservation and climate change mitigation. It offers a user-friendly interface that does not require extensive knowledge of blockchain technology or cryptocurrencies, making it accessible to a broader audience of cryptocurrency holders.
What is 1EARTH Crypto Token?
The Earth Fund DAO operates on the 1Earth token, an ERC-20 cryptocurrency running on the Ethereum blockchain. This token serves as the primary governance instrument within the DAO, enabling users to participate in decision-making. Users can stake their 1Earth tokens on the network and receive governance tokens, known as $Gov1Earth, which grant them voting power in the organization.
The total supply of 1Earth tokens is 1 billion, with an initial circulating supply of 34 million tokens sold through crowd sales and private sales. The team was granted 15% of the supply with a one-year lockup period to prevent any potential market dumping by the team.
To promote stability and reduce token volatility, the team locked 200.000 1Earth tokens in liquidity pools (LP) for the first 12 months after the token's release. LP rewards are directed to the DAO treasury, which the Earth Fund Foundation utilizes to subsidize earth-saving causes proposed by the community.
Participating in the DAO is straightforward, requiring users to purchase 1Earth tokens on the open market and stake them on the Earth Fund protocol. As a reward for staking, participants receive additional tokens as long as their funds remain on the platform. This incentivizes liquidity provision and active participation in the DAO.
While the 1Earth token is central to governance, the Earth Fund DAO accepts donations in any cryptocurrency. Multiple wallets are available in the treasury to facilitate seamless and cost-effective donations, eliminating the need for complex token swaps before contributing to the causes supported by the DAO.
Bottom Line
In this article, we have discussed what is Earth Fund (1EARTH) crypto DAO. Earth Fund DAO seeks to empower individuals to make a difference in the fight against climate change and other environmental challenges by providing a more democratic and transparent donation platform.
