The Coop Network — Real World Assets, Legally On The Blockchain
The Context
From machine learning, AI and robotics, to blockchain technology and cryptocurrencies, our world is changing rapidly. We should keep up with this change and do our best to contribute to a better world — socially, environmentally, economically.
Finding the right economic model for the near future, a model that distributes wealth and capital to participants in a fair and sustainable way, is a must. So is the integration of new technology towards decentralization, transparency, environmental support and social development.
The Vision
We envisioned a decentralized system where capital can be distributed in a more equitable way, where new technology is used wisely, while the wellbeing of both the people and the earth is a priority.
That’s how we found the economic model of the future, one that’s grounded in the real world, but powered by blockchain to reach its full potential.
A DAO (Decentralized Autonomous Organization) is a self-running organization that is transparent, democratic and decentralized. It’s managed through smart contracts — a set of protocols that are encoded in software, on the blockchain. A DAO can be used to raise capital, manage resources, make decisions and execute plans. It’s the perfect tool for building a new, more equitable and sustainable economy.
Cooperatives are “autonomous associations of people voluntarily united to meet their economic, social and cultural needs and aspirations, through a jointly managed enterprise”. They are similar to DAOs, except they are more grounded in the real, offline world.
What sets cooperatives apart from DAOs is their emphasis on the real, offline world. While DAOs exist mostly online, cooperatives are actual organizations that you can join by becoming a member. This gives cooperatives a more tangible presence, which can be beneficial for building trust and establishing credibility.
The Cooperative can serve as a regulatory compliance bridge for DAOs, for a few important reasons:
- They are already regulated entities in many jurisdictions, which makes compliance easier once the co-op is properly registered.
- The cooperative structure provides a more tangible presence for DAOs, which can help build trust and establish credibility.
- The democratic nature of cooperatives ensures that everyone has an equal say in the decision-making process.
Cooperatives come in many shapes and sizes, but all are based on 7 principles: Voluntary and Open Membership, Democratic Member Control, Member Economic Participation, Autonomy and Independence, Education, Training and Information, Cooperation among Cooperatives, Concern for Community.
The blockchain is the perfect platform to manage and steward a cooperative, as it provides a secure and transparent way to manage membership, voting, and capital distribution.
“You never change things by fighting the existing reality. To change something, build a better new model that makes the existing model obsolete.” — Buckminster Fuller
That’s why we created…
The Coop Network
We are committed to building a legal DAO on the blockchain, where profit meets community, technology powers sustainability and crypto is backed by real world assets.
The Coop Network runs on a legal DAO structure, giving members full and transparent control. The main decision-making body is the Governing Council, where each member of the Council is granted one vote. The “one member, one vote” system, although difficult to put into practice in the past when members had to gather in person, is now easily accessible through blockchain technology. The Coop Network can now function as a shared economy, made up of a collective of entities who come together to support common financial, social and environmental goals, under a democratic framework.
The Real World Assets
Geoma DAO Coop is our Cooperative, registered in the EU under the following EUID: C32/4/2020 and subject to LAW nr. 1/2005 regarding the organization and functioning of co-operations. When combined with the blockchain, it becomes The Coop Network.
We are putting a lot of work into real-world businesses that are environmentally sustainable and oriented towards economical and social development. As a cooperative, Geoma DAO is focusing on the three main, indispensable resources for people: energy, agriculture and water.
We already have a number of important activities in different stages of development, with more to come.
- Medical Cannabis:
CBD oil is a product derived from cannabis. It doesn’t contain the psychotropic substance known as THC which is responsible for the so-called “high” effect. The latest research shows that CBD can help in the treatment of cancer, anxiety, seizures, pain relief and more. We will extract and process CBD oil in our own lab and deliver it to people in need.
We’re growing Medical Cannabis in our own dedicated farms, using a DWC (Deep Water Culture) system: just pure water, rich nutrients, hydroton clay stones and optimal levels of light, temperature and oxygen.
The first crop yield was already a success, the plants turned out to be extremely healthy and thriving. As a result, we’ve produced the first batch of our premium, pure CBD Oil: Real Ease.
Next steps: expanding the growing facilities, setting up our own extraction lab and launching an online shop were you can purchase your own Real Ease.
2. Robotics & Industrial Automatization
Robotics are here for good, as smart machines that support humans towards increased sustainability, automation and safety. How? By taking care of iterative tasks with the highest level of quality, predictability and control. Especially when the activity is difficult, dangerous, or taking place in a hostile environment, getting human error out of the equation is safer for both people and the business.
Unsurpassed in speed, productivity and precision, robotics can take care of the automated work, leaving humans to activities that spark their intellect, creativity and aliveness.
3. Greenhouses. Organic food by organic growth.
Using solely the natural elements needed in the growth of vegetables and fruits, the members of the community now have the chance to develop their own organic harvest in a stress-free environment that uses only organic substrate, filtered rainwater and solar energy.
4. Agrivoltaics
Agrivoltaics combines the use of agricultural land use with the production of electric energy by photovoltaics. The main goal of using such systems is to provide a renewable and sustainable source of energy for the agriculture sector, while also protecting the soil and saving water. They can help to reduce or even eliminate the need for diesel fuel or other forms of energy in agricultural production. PV Agro systems can also help to improve the efficiency and productivity of agricultural operations, while reducing greenhouse gas emissions.
That’s why it will be one of the main focuses of our Coop.
5. Vertical Farming
One of the answers to the lack of space needed for growing food for a growing population, is to grow food indoors and vertically. That’s why our COOP will develop its own vertical farms in different cities.
Low total energy consumption, low water use, fully automated, scalable to fit any market size, water-cooled low voltage LED lighting, optional CO2 enrichment for maximum yields are some of the features of a vertical farm. This operation will also help reduce the carbon footprint, as food does not have to travel thousands of miles by truck to reach consumers.
This enables us to stay flexible and adapt efficiently to the agricultural demands of a certain area, especially in moments of economic crisis.
6. COOP Academy
Education is essential to keep up with technological progress. Schools are far behind, and children are less and less interested in the classic models of schooling. Our Academy will give students the tools they need to master cutting-edge technologies and succeed in an increasingly digital economy. The Academy will provide programming courses in AR/VR systems, and stimulate student’s intellectual curiosity with programmable drones and robots.
The building and land were acquired via auction and the process of turning it into a top boarding school is ongoing.
7. Drone Services
Our COOP is an authorized UAV operator, with the flight license: UAV Operator ID: OU02q1kbse3wd1s-nmr.
Drones equipped with state-of-the-art equipment and cameras can fly to accomplish missions and help people in various areas of operation. Firefighting missions, recovery, reconnaissance and rescue, inspections — are just a few examples. Our fleet of agricultural and utility drones will grow over time and perform highly qualified missions. Pilots will be educated in the Academy using our own training drones.
8. Sheep farming
One of the oldest endeavours of humans, gone wrong in modern times. Animals are treated poorly, the quality of products is dropping, while demand is rising. The farming we’re proposing is ethical, caring and transparent, you get to know exactly how the sheep are raised. Suffolk sheep are the chosen ones, as it’s the most valued breed worldwide. From food to wool, the sheep bring a lot to the community’s table. Especially when they’re living their best possible life!
9. Natural Water
Discovered at the bottom of the mountains, in a secluded area, the spring water we tested in the laboratory came out to be perfectly clean, clear, packed with all the electrolytes and as perfectly balanced as water should be. The water was so pure that it inspired us to find the perfect packaging to carry it. After a long research on biodegradable packaging that can contain liquids, we found the most sustainable alternative available at the moment. It’s only a matter of time until the pure water from the Apuseni Mountains enters the water market in a biodegradable container.
The Digital Products
- Real World NFTs
One of the highlights of The Coop Network is that we are developing real-world NFTs, applying the non-fungible token concept to real assets. Users can get Membership NFTs that represent the entry tickets to the whole COOP ecosystem, the digital representation of the COOP Membership. Each NFT has a certain amount of COOP equity. The owner of an NFT becomes a stakeholder and can build their passive income from real world assets.
So we are actively contributing to an important paradigm shift in the crypto world, by bringing a cryptocurrency and a series of NFTs that are backed by real value.
Soon on the website.
2. Coop Wallet, our DeFi App
Soon to launch the MVP of the Coop Wallet, the first fully legal Investment and DeFi protocol in early of 2023. This will be a huge step in the financial paradigm shift we envision. We’re further planning on introducing Cross Chain & Multichain Coin, Investment NFTs for PV Agro, Medical Cannabis and more, as well as making Lending, Borrowing and Factoring available, since our Coop has the legal right to have its own Lending Union.
3. CoopFarm Game: Be a virtual farmer, earn real money!
Introducing CoopFarm, a Play to Earn game that calls for your strategic thinking in a virtual world where blockchain technology meets the reality of business. Just play and find the best way to multiply your resources in order to earn the highest income. And this is only the beginning of the journey towards a Coop Meta-verse.
Soon to be launched.
The Blockchain
The Coop Network is 100% proof-of-stake Blockchain. The unique proof-of-stake algorithm does not depend on any implementation of the token age concept used by other proof-of-stake cryptocurrencies, and is resistant to so-called nothing at stake attacks. Curve25519 cryptography is used to provide a balance of security and required processing power, along with more commonly-used SHA256 hashing algorithms.
Tokenomics
GMD
The native coin of The Coop Network, GMD is the heart of blockchain technology. It’s a Utility Coin based on a Proof of Stake (PoS) model and it serves both user-oriented functions, such as DeFi transactions, e-commerce Utility (purchasing COOP products and services), investing or staking, and tech-oriented functions, such as forging, leasing, node control, and the settling of gas fees. It is currently available for purchase on high-profile exchanges like BitMart and BiBox. GMD’s real-time price changes are on track on several crypto watchers like CoinMarketCap and CoinGecko.
GMD’s supply is capped at one billion, with 74M already burned and a circulating supply of ~221M at the time of writing.
It is a deflationary coin, meaning it has a decrease in its total supply over time. 25% of the profits are used to buy back GMD and burn it, while 100k GMD is burned with each new node created and hallmarked by the community.
Another major advantage that the coin has over others is enhanced decentralization: there were no private sales, seed sales, or pre-sales held prior to the public sale, which has prevented crypto whales from gaining control of The Coop Network’s economy.
To further strengthen network security, the Governance Council has permanently locked 50% of the total supply of GMD coins in five safety wallets–100M in each, with Multisign providing additional fortification, meaning that all members of the Council must be in agreement if funds are to be transferred. This strategy protects the PoS blockchain from 51% attacks. Malicious entities typically use these types of attacks to hijack blockchains and siphon funds.
GMD Distribution
Roadmap
As for the future, we’re thinking big, with several plans on track:
They are already regulated entities in many jurisdictions, which makes compliance easier once the co-op is properly registered.
- Coop Lending Union. Lend & Borrow between members, in a safe and decentralized way. A total win-win.
- Stakeholders Exchange. Trade Coop shares and investment positions between members, safely backed by the co-op law.
- Coop Vault. Decentralized savings, on your own terms.
- Coop Launchpad. Funding and support for Small and Mid-size enterprises to reach their full potential.
Become a member
The Coop Network is firstly a growing community, then a business conglomerate that aims to build a more sustainable future and an alternative investment and passive income platform. Anyone can join and contribute, whether it’s through hard skills and expertise or financial investment.
We are constantly welcoming partners and members who are willing to be an active part in a change for the better!
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