The SEDC token is decentralised digital token that is stored on the blockchain. This digital token or currency is controlled by the logic written into a smart contract, not an individual or a company. Once the smart contract, which defines the set of rules and standards of the token, is stored in the blockchain, no members of the agreement — company, individual nor government — can tamper with it according to self-interest. By holding SEDC this gives you the voting power and the opportunity to present proposals to the future of the Livetree platform.
SEDC, supported by the Moonbeam, Polkadot, and Celo technology, is more environmentally friendly than both Bitcoin and Ethereum. You can contribute to making it more sustainable by becoming a token-holder and exercising your voting power to change the ratio of Livetree’s tokenomics. Currently, the tokenomic make-up is 50% to creators, 25% to reforestation and forest maintenance efforts and 25% to mining Ethereum, Moonbeam and Polkadot tokens. If you want to make it more sustainable, you can vote to up the percentage of tokens given to reforestation efforts to 30%, for example, or introduce a different technology.
