Regen Overview
Regen Network community’s goal is to build foundational fintech infrastructure for ecological claims and data. This means serving as the ‘Layer 0’ upon which other projects and protocols may build and harness to execute their own climate-focused business models. Using a distributed ledger and modern remote sensing technology, the Regen team is creating new tools for how humanity relates to its environment.
Regen Network’s values can best be expressed in pairing words that normally seemed opposed. The team finds strength in holding complexity with care and imbuing technology with intention in service to regeneration.
- Agency and Cooperation
- Equity and Responsibility
- Care and Initiative
Project Development
Starting in 2019, Regen Ledger launched a series of testnets, which had the participation of over 80 independent validators in total. Regen Ledger mainnet was launched in 2021.
Check out Regen’s current roadmap here.
Regen Team
Regen’s team consists of developers, ecologists, scientists, and designers from all over the world, bound by the common purpose of planetary regeneration.
$REGEN
REGEN is the native governance token of Regen Network. Assuming the token holders stake their tokens, the token allows one to participate in the governance of the chain, receive block rewards and receive their share of the inflation mechanism. As the native token for Regen Ledger, REGEN must be used to pay for transaction costs on-chain, commonly referred to as gas, which is required to transfer REGEN. The future utility of the token is connected to the issuance, governance, curation, auditing and exchange for eco-credits.
The REGEN token is a staking and utility token launched on Regen’s own Tendermint BFT powered blockchain. Transaction fees on Regen Network will be paid in REGEN, and additional fees in REGEN will be required for special actions such as creating a new ecocredit class on chain.
REGEN tokens are listed on Osmosis, Emeris and Sifchain.
During the Token Generation Event, which happened on Apr 15, 2021, 100,000,000 REGEN were created and distributed to the various wallets and contracts as dictated by the genesis file. Since then, the only Regen Tokens that have been added to the supply are through a mechanism referred to as inflation, which is a Proof of Stake mechanism to encourage token holders to stake their tokens and participate in governance.
About Regen
The aim of Regen Network is to imbue the economy with ecological sentience. The model of production of ecological knowledge — what and how we know about what is happening in a given ecosystem — is the foundation for achieving this aim. Therefore, a community dedicated to maintaining a decentralized open ledger of ecological health information to serve as the basis for conditional agreements between parties is an essential building block for a new phase of the global economy that accounts for ecological health and invests in ecological regeneration as the cornerstone of healthy business and governance.
To learn more about the Regen project visit their official website.
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