The overwhelmingly positive result from Propopsal 21 provides a strong signal that the Regen Community is in favor of offsetting Regen Network's historic carbon footprint by purchasing 80% NCT offsets and 20% City Forest Credit offsets.
But there has been a delay in the process of launching NCT on Osmosis, which is holding back the progress of ecological regeneration. However, the Regen Community may still proceed with the purchase of the City Forest Credits now.
Voting YES on this proposal will transfer 20% of the signaling proposal's approved amount: 86,085 REGEN to multisig wallet regen1su3tu4zs3e0hyxudk7swz59ne2qtzd60k7lhd0 for the execution of purchasing and retiring the City Forest Credits portion without further delay.
Voting NO to this proposal indicates that the funds should not be transfered.
Method
86,085 $REGEN will be transferred to the specified multi-sig wallet on the Regen Network and used to purchase City Forest Credits then retired manually by the multi-sig owners.
The multi-sig wallet would be managed by:
Danny Qwoyn (Regen Network)
ECO Stake (Validator)
LOA Labs (Validator)
Any $REGEN remaining due to price fluctuations below the intentional 20% buffer to mitigate any price volatility, and a potentially lower CFC cost, would be returned to the Regen Community Pool.
