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Description

Description


TreeCoin will employ a dual token system. The first of these is the TREE security token, linked to the planting of trees, which rewards token-holders with 40% of the net profit generated by lumber sales - paid out in TXC. For each TREE token sold during the HTO, one tree will be planted by TreeCoin. The second token is TreeCoin (TXC), which will serve as a payment currency within the TreeCoin ecosystem.

The TREE security token will provide token-holders with 40% of the net profit generated by TreeCoin’s reforestation project in Paraguay in the form of TXC. The profit distribution will be completed according to the profit and distribution schedule which is based on the tree harvest cycle. Care will be taken to stagger TXC distribution over an 8-week period in order to mitigate market price fluctuations.

Full Name TreeCoin (TREEC)
Start Date 2019-01-06
Algorithm N/A
Proof Type N/A
Website https://tree-coin.io/
Twitter @TreeCoinTXC
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


Team:

  • Jörg Schäfer: Founder & CEO. 
  • Philipp Rusch: CFO. 
  • Alf Schröter: Founder & COO. 
  • Andreas Jelinek: Founder & Reforestation Specialist. 

TreeCoin ICO began on October 30, 2019. The ICO token supply represents 70% of the total token supply, so there is a total of 7,000,000 TREEC tokens available, for 23 USD each. The ICO funding target is 15,000,000 USD and is expected to end on January 31, 2020 or when the funding cap is reached.

Token Reserve Split (20%):

  • 17% Company;
  • 9% Bounty and bonus for marketing purposes to specific Investors;
  • 4% Founders.

TreeCoin ICO campaign features a bounty campaign as well as bonuses depending on the participant's investment volume.

ICO Status Ongoing
Token Supply 10000000
Start Date 2019-10-30
End Date 2020-01-31
Fund Raised (BTC) N/A
Fund Raised (USD) 7500000
Start Price (USD) 23
Security Audit Company N/A
ICO Legal Form Corporation
ICO Jurisdiction N/A
Legal Advisers N/A
Blog https://medium.com/treecoin
White Paper https://tree-coin.io/wp-content/uploads/2019/02/TreeCoin_Whitepaper.pdf
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