PlanetWatch, in partnership with Treedom, has launched a “Stake for the Planet” initiative.
PlanetWatch is the world’s first decentralised air high quality monitoring community constructed on the Algorand blockchain. Whereas customers of the Treedom platform can just about plant real-life timber and observe its progress on-line.
The “Stake for the Plant” initiative permits house owners of PlanetWatch’s tokens referred to as PLANETS to stake the digital belongings of their Algorand pockets to earn a reward which is able to enable them to plant timber.
Every tree is linked to a collectable non-fungible token (NFT) that displays its uniqueness, and proudly owning the NFT is the same as proudly owning the tree.
“Stake for the Planet” is step one in direction of PlanetWatch’s pledge to plant 1 million timber worldwide within the subsequent 5 years to assist international reforestation.
PlanetWatch has stated that the “Stake for the Plant” initiative is step one in direction of their pledge to plant 1 million timber worldwide to assist international reforestation within the subsequent 5 years.
At the moment, Treedom’s platform contains 1,000 timber of 12 separate species throughout three totally different continents.
“Saying our partnership with Treedom and the launch of Stake for the Planet on Earth Day displays our double dedication to defending public well being by way of air high quality information and mitigating local weather change,” Claudio Parrinello, PlanetWatch CEO, stated.
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