Proposal Details

Proposal #25

Passed

Proposal title

Allocate the missing REGEN for City Forest credits offset

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

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).

To ensure the purchase of City Forest credits is executed without delay, we propose allocating the missing 160,000 REGEN to the multi-sig address. So far, we have offset 7% of Regen Network's carbon emissions using the original 86,000 REGEN. You can track our progress using this link: (https://www.mintscan.io/regen/txs/D0754F5A5FD15AD44374828A16EF2CDF090E70031455FE6BD36EEBACE8875A34).

  • 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.

Proposal #25 overview

Total votes
894
Voters
834
Total deposit
200 REGEN