The ECORISE Finance initiative aims to partner with local communities around the globe to finance, protect, and manage natural ecosystems, ensuring their sustainability over the long term. As part of its efforts, the $RISE governance token will be launched on the TrustSwap Launchpad on May 10th at 05:00 PM UTC.
Understanding the DAO
The ECORISE DAO serves as a framework for acquiring and safeguarding at-risk lands, utilizing blockchain technology for decentralized ownership aimed at long-term conservation and preservation. Landowners who agree to protect and rejuvenate their properties can participate in the DAO vault by staking their land. Following approval through DAO governance, the titles of these lands will be legally converted into non-fungible tokens (NFTs) and securely stored in the DAO’s Property Title Vault. By staking tokenized land within the vault, a decentralized collective for land stewardship is created, enabling funding for regenerative projects. The DAO can also vote to acquire staked properties from landowners, ensuring ongoing conservation efforts. Furthermore, all lands within the DAO will be assessed for “Payments for Ecosystem Services” (PES), a system where those benefiting from environmental services, such as landscape restoration and carbon sequestration, compensate landowners accordingly. The ECORISE DAO will generate PES from sustainably managed locked assets, with the community collectively governing the treasury using the RISE governance token.
Additional Insights
ECORISE Finance operates on a dual-token smart contract ecosystem built on the Solana blockchain. The $ECO token functions as an algorithmic stablecoin, its value tied to actual natural land stored in the DAO Vault. Meanwhile, $RISE serves as the governance token to manage the DAO’s treasury. A decentralized oracle and an arbitrage contract oversee the minting and burning of both $RISE and $ECO tokens to stabilize the price of ECO. This stablecoin offers predictable stability and growth potential that is less influenced by the fluctuations of fiat currencies like the U.S. dollar, effectively addressing inflationary concerns linked to traditional monetary systems. The ECORISE Finance model has the potential to connect small landowners, indigenous groups, and family farms worldwide, allowing them to maximize the value of their natural resources through the ECO token.
Details on $RISE
The $RISE token is a deflationary governance asset that supports the ECO token in maintaining its value through a process known as seigniorage. This mechanism allows for the exchange of $RISE tokens for an equivalent dollar value of ECO tokens, and vice versa. $RISE is also used for staking within the DAO, voting on governance matters, and gaining access to various non-fungible token collections. Collaborating artists will create NFTs that will be auctioned to fund the acquisition and assessment of land that requires protection. NFT holders can enjoy benefits like airdrops, special roles in Discord, and other incentives. Staking RISE tokens is crucial for participating in these auctions and leveraging the advantages associated with the NFTs. Additionally, RISE tokens can be employed to support approved initiatives focused on ecosystem preservation, endangered species protection, and sustainable development projects such as waste management, renewable energy, and regenerative agriculture. Token holders of $RISE can also gain membership benefits that include exclusive NFTs, discounts on NFT purchases, and revenue from NFTs. As demand for the ECO stablecoin rises, $RISE tokens will be burned, making them scarcer and helping stabilize the price of ECO while absorbing market fluctuations.
About TrustSwap
TrustSwap is a firm that provides a range of blockchain-related, multi-chain decentralized finance (DeFi) products and services for both corporate and retail clients. The company specializes in creating user-friendly and cost-effective blockchain tools, decentralized applications (dApps), and services designed to ensure the security and reliability of cryptocurrencies for all users, from beginners to experienced investors. TrustSwap’s offerings address various needs, including token and liquidity lockup, minting tokens, escrow services, and vesting arrangements. Additionally, the team provides solutions for crypto asset distribution, staking, monitoring, NFT services, and fundraising.
About ECORISE
ECORISE Finance is a blockchain platform dedicated to unlocking the true value of natural capital assets while promoting ecological regeneration, sustainability, and the creation of a land-based stablecoin ecosystem. It has recently been selected for the TrustSwap Incubator, receiving ongoing support from the TrustSwap team during its developmental phases. Key achievements for the project include the introduction of the $RISE token on the mainnet, the successful launch and incubation facilitated by TrustSwap, and progress made on the stablecoin. Looking ahead, the primary objectives include launching the $RISE token, acquiring the first property, onboarding external landowners, initiating the first regenerative project, constructing the DAO infrastructure and land staking mechanisms, launching the ECO token, enhancing value for $RISE holders, and rewarding landowners.
Disclaimer: This content is sponsored. Coinspeaker does not endorse or take responsibility for the accuracy, quality, or any other aspect of the material presented. Readers are urged to conduct their own research before engaging with any mentioned company. The information provided is not intended as legal, financial, or investment advice and should not be construed as a solicitation or recommendation to buy or sell any crypto assets. Investing in crypto assets carries high risks, and individuals should carefully consider their risk tolerance. Coinspeaker will not be liable for any losses or damages arising from reliance on the content presented here.
