Earth Fund Launches a DAO to Aid the Planet

Sheridan, Wyoming--(Newsfile Corp. - November 9, 2021) - Decentralized Autonomous Organization, Earth Fund, was launched in October with the aim of helping the cryptocurrency community to fund concepts which could aid in saving the planet.

While governments are still of the school of thought that cryptocurrencies are all about digital gold, that could not be further from the truth these days. Decentralized finance (otherwise known as DeFi) has come into the picture to change that concept.

Decentralized Autonomous Organizations (or DAOs) have emerged from DeFi and are the logical conclusion of cryptocurrency's central decentralization tenet. It is the rise of the DAO that has led to communities taking a central role in the world of crypto in this modern era.

While the past year has been spent with the Senate battling over cryptocurrency taxation, struggling to find a definition for crypto that is anything more than internet gold, in the background the crypto space has been moving far beyond its original digital currency concept to something completely different.

DeFi has meant that earning interest or lending cryptocurrencies has become possible. It's also become possible to trade crypto derivatives, perpetuals and futures, so investors can now benefit from tools that allow for crypto to be invested in the same ways as regular shares and stocks.

More importantly, though, crypto has begun to live up to the promise of full decentralization, providing financial independence and autonomy on a worldwide scale. It's no wonder, then, that DeFi has boomed, with dApps (or decentralized apps) popping up and growing rapidly to enable decentralized liquidity pooling, exchanges or swaps to take place.

As dApps supported by ERC-20 tokens of their own began to grow and expand, a revolutionary decision was made - that small teams running decentralized apps were just another kind of centralization, so those apps should, instead be run by communities as DAOs.

DAOs - An Overview

Decentralized Autonomous Organizations or DAOs are organizations which aren't governed by a single individual or group of individuals. Rather, they are governed by a community which votes on the organization's direction, with the outcome of that vote being carried out automatically.

Usually, DAOs unite under a single goal or ideology which all of the users pull towards. In the case of Uniswap, the goal is to become the best DEX (decentralized exchange). In the case of Aave, it is to become the top liquidity protocol to earn interest on borrowing assets and deposits.

Now, a new Decentralized Autonomous Organization, Earth Fund, will be launched in October with the aim of helping the cryptocurrency community to fund concepts which could aid in saving the planet. Recognized by the Senate Bill 38 in Wyoming as one of the very first DAOs, Earth Fund is about giving the people power to make changes for the better in the world. Its 1Earth token will be used to fund ideas which could improve the world around us.

Earth Fund's 1Earth Token

Earth Fund's Community & Communications Lead, Alex Vergara, says that cryptocurrencies are no longer solely about speculation on coins. While the DAO is launching its own token that will support its decentralized app which will hopefully see its value rise in the future, Vergara is keen to point out that this isn't the reason that the 1Earth token is being launched.

Rather, it will allow anyone buying it to become an integral part of its community which is dedicated to concepts which could change how the world works.

1Earth tokens function as governance tokens, i.e. they're able to be staked in exchange for a voice and vote in Earth Fund's decentralized community. Anyone worldwide can purchase 1Earth tokens to allow then to vote on the organization's direction, the causes that are funded and how Earth Fund's treasury (which comprises 10% of the DAO's equity together with a percentage of the proceeds from token sales) is spent.

Rewards for Helping the Planet

Following the launch of the 1Earth token, Earth Fund's team, which is comprised of serial entrepreneurs, legal experts and cryptocurrency veterans, will carry on working on Earth Fund's dApp which will be an eco-friendly giving platform which enables the DAO's token holders to make donations to causes which could be beneficial for the planet. Should those project succeed, donors earn rewards in the form of tokens.

Not only can Earth Fund's token holders donate to good causes, but they can also become involved with sub-communities to ensure projects remain on track, check on their progress, and govern over ongoing donations. To guard against scams or fraudulent projects, holders of 1Earth tokens are also able to fully audit and vet projects before they come to the platform.

Earth fund has made one thing crystal clear - crypto has certainly progressed far beyond being solely digital gold - something that was the case just a handful of years ago.

The Earth Fund DAO will be launched towards the end of October. To learn more about this exciting concept, head over to EarthFund.io.

Earth Fund DAO, LLC

Contact:
Alex Vergara
Community Leader
Earth Fund DAO, LLC
[email protected]

Website: https://www.earthfund.io
Video URL: https://www.youtube.com/watch?v=1xOm8nHCpEc&t=199

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102641

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