Allocate the missing REGEN for City Forest credits offset
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95.52%
Proposal #25 description
Our original calculation for the City Forest credit offset used 20% of 430,425 REGEN to determine the required amount of REGEN. However, this was a mistake, as we should have used 20% of 6,147 credits, which equals 1,230 credits. As a result, we were only able to purchase 7% (430 credits) of the required 20%. This leaves us with a shortfall of 800 credits for the portion of offsets using City Forest credits.
To rectify this mistake, we need to request an additional 160,000 REGEN to be released to the multi-sig owner's account (regen1su3tu4zs3e0hyxudk7swz59ne2qtzd60k7lhd0) to complete the purchase of 20% of the Regen Network carbon offset, as approved by proposal 21 (https://www.mintscan.io/regen/proposals/21).
Voting YES on this proposal will transfer 13% of the approved amount for the signaling proposal, which is 160,000 REGEN, to the multisig wallet regen1su3tu4zs3e0hyxudk7swz59ne2qtzd60k7lhd0.
Voting NO will indicate that the funds should not be transferred.
