IRL Environmental Entity Onboarding

The first step that an entity completes is inputting information about themselves and where they would like to carry out the regenerative activity.

Entity Onboarding

Education and Profile Portal

The first step that an entity sees when becoming an implementing organization partner is a profile creation portal and education section as to what rights are associated with the funding they receive. We ensure that entities know that only the right to benefits, that have a monetary value and can be resold, from the regenerative actions are associated with the funding. Land rights and other rights that they have claim to will not be touched. From there it is a super simple onboarding process. At no point throughout the entirety of the interaction is coding by the regenerative organizations needed. This allows for the organizations to easily become part of the ecosystem.

Entity Information

Following is information that the entity can update to create their unique profile. We recommend writing an individual article on each of the different sections below (within reason), publishing it and then linking that to your profile.

Required

Entity Name: Name of entity or individual implementing the regenerative action

Entity Online Presence: Any external links showing evidence of the entity

Entity Members: Names of members and social links of those responsible for carrying out the regenerative action

Signer Responsible for Carrying Out the Regenerative Action: The name and signature of the person holding themself/ the entity responsible for carrying out the regenerative action

Where is the Entity Established: which location the entity operates.

Bank Account Information: Bank number and routing information; used to transfer fiat funds to you from crowdfunding and related activities.

Proposed Action Location: Demarcation of the action location

Regenerative Action Type: Forest, Agriculture, Ocean, Other

Metric of Action: The measurable quantity of action (ie. 100 trees planted)

Scale of Action: How much of the action in total can the entity do, after initial project is funded.

Amount of Action For Initial Project: How much of the action will be incorporated into the first proposed project.

Cost of Action Per Metric: The cost to the entity to implement the regenerative action.

Cost of Maintenance of Action Per Metric: The yearly cost to maintain the regenerative action. This will be paid for as long as the benefits from the regenerative action are taking place.

Updates from the Field: How often the project communicates with the funders about how the action is going.

Regenerative Action Title: The title for the crowdfunding campaign.

Regenerative action description: a text description of what the project is

Complementary photos/ videos: photos that add to the regenerative action description

Timeline for implementing action: when the entity thinks the action can be done by after receiving funding (planting season and it's affect on the action)

Proposed Measurement and Verification: How you will measure and verify that the action has taken

Art to Be Used for Profile Creation: Entities can either pick their own artists that they want to support and create the NFTs with or they can select from art that Akorn has commissioned from the marketplace's top artists.

Optional

Historic action description: the proof of the work the entity has done to date and why the entity would be successful in implementing the regenerative action if funded.

Historic photos/ videos: photos showing evidence of previous work

General context (country, regional, local): how the regenerative project affects and is affected by the the country, regional and local context (political, social, economic etc.)

Heritage: how the action the entity is implementing promotes, documents and preserves cultural, environmental, and social practices for future generations knowledge

Social Economy: How the project the entity is implementing places social welfare above profit; the aim is to enhance the community's quality of life, economically, socially, culturally and environmentally.

Local Communities Involvement: how this project will involve the local community and engage them to become stakeholders in the project

Indigenous Tribes Involvement: how this project will involve indigenous tribes and engage them to become stakeholders in the project.

Public Involvement: how anyone, anywhere can become engaged and further support the action the entity is implementing. Links on how to visit the site where the action takes place and tourism infrastructure in place. If they accept student internships or volunteers.

Social Belonging: How the project promotes social belonging for marginalized groups to become stakeholders in the project.

Education and Awareness Impacts: How this project will cultivate education and awareness for anyone to become a stakeholder.

Certifications and Awards: Any certifications that the entity/ project might hold (such as organic; managed without the use of agrochemicals or herbicides). Project management excellence and its various contributions are recognized by received awards.

Certified environmental offset offset: The project generates carbon offsets certified by a highly recognized voluntary offset standard.

Expert collaboration: How the entity is collaborating with other entities that are implementing organizations in Akorn and evidence of it.

Prevention of Losing Ecosystems: How this entity is preventing the loss of ecosystems.

Water Resources Management: How the entity uses water supplies sustainably.

Equality Improvements: How the project aims to improve equity between gender, racial, sexual, economically (ie. improving the lives of poor people) etc.

Food Security: How this project enables food security for the population impacted by the regenerative action.

Land Ownership Type: Private, Public, Tribal, combination of above or other

Description of Land Ownership: How the land is controlled and how the regenerative action will be integrated with it.

Fauna and Flora Conservation: Any particular species protection as a part of action, such as creation of safe habitats.

Scientific Research: Any research that will be benefited from this action and what the research is.

Expected Benefits from the Action: Such as improving water quality and quantity and contributing to the reduction of water-related risks such as floods. Reduces exposure and vulnerability to extreme weather events. The project combats desertification in this way.

Example

Entity Name: TreesureTheWorld

Entity Online Presence: https://twitter.com/AkornMarket

Entity Members: Terexitarius

Signer Responsible for Carrying Out the Regenerative Action: Terexitarius- esignature

Where is the Entity Established: Globally Bank Account Information: 0, 0 Proposed Action Location:

Regenerative Action Type: Forest

Metric of Action: Acres

Scale of Action: Can Conserve 200 Acres in Total Amount of Action For Initial Project: 3.22 Acres Cost of Action Per Metric: USD $50 Per Acre

Cost of Maintenance of Action Per Metric: USD $5 per Acre Per Year

Updates from the Field: Once per Year

Regenerative Action Title: Scatahotchie- 3.22 Acres Forest Preservation

Regenerative action description: We are conserving forest in the Scatahotchie Neighborhood to be used as a forested park space and species protection zone.

Complementary photos/ videos:

Timeline for implementing action: Trees already exist, funding will be used to make the forest more inviting and connecting the local population to it.

Crowdfunding

One the entity has created their profile and added information about the first project they would like funded, a crowdfunding page is created. This page has the information that the entity provided (details in the entity information section). The key details are the total crowdfunding amount needed (cost to implement action) and the total amount of action.

Setting Timeline

With the crowdfunding page created the entity can choose the timeline from which they expect to achieve the funding needed (months, days, year). This timeline sets a deadline by which the crowdfunding amount needs to be reached, if it is not reached by that date the funding is sent back to each funder (fiat is not sent back to the funder accounts that have not connected a crypto wallet, funders are made aware of this).

Marketing of Crowdfunding Campaign

We will work to market the crowdfunding page to attract funders. It is encouraged that the community, especially the onboarding organization, also does their part in marketing the new crowdfunding page (emails, texts, group messages, social media etc.) This brings further customers to our ecosystem, supporting not only the onboarding entity but also our community.

Continued Financial Support

After the crowdfunding campaign has reached its target funding level and the entity has received their funding, they are responsible for carrying out the regenerative action. After the regenerative action has been measured and verified utilizing approved data and methodologies, the entity can receive continued financial support. This financial support is created through token staking from treasury resources and distributed to the entity on a yearly basis. We fund for these actions to occur until the amount that the entity has specified, they are able to support in the entity information. For this example, 200 acres total. Each time that the project location or action changes drastically we ask the entity to carry out another crowdfunding campaign.

Tapping into the Supply

Whenever we fund for a regenerative activity to take place, we fund for at least two times the activity cost. We then only embed one of those activities within the NFT layer. This allows us to have a supply available when customers want to continue financing for the regenerative activity to take place. This is for both the onboarding crowdfunding and the verified entity stage. After the entity has been onboarded (their action has been measured and verified to have been carried out) they have a section in the website. This section allows anyone at any point to come to the marketplace and choose where they would like to pay for an action to occur, how many times and what NFTs they would like to be layered.

Maintenance Support

When the entity proposed the regenerative action to take place, they specified a maintenance fee to them per year for as long as the action is creating benefits. From our community revenue sources, we will try our best to pay the maintenance fee. If the maintenance fee is deemed excessive by the community, then the entity and our community will negotiate until a reasonable fee is set.

Monetary Disbursement

Most organizations that carry out regenerative actions do not accept cryptocurrency. Without the ability to accept cryptocurrency for actions like tree planting, cryptocurrencies resource stream remains untapped. It also blocks people in countries that transact in different fiat currencies than the one accepted by the regenerative organization to readily pay the organizations for their actions. By enabling cryptocurrency purchases for different organizations, we can be the, bridge for them to the world of cryptocurrency. When actions with partner regenerative organizations are paid for in fiat currencies, there is the possibility of the people that pay for regenerative actions to use this moment as a bridge to the world of cryptocurrency. We will facilitate this experience for them. However, any donation via fiat directly that does not have a cryptocurrency wallet linked will not have the NFT layer created (as they do not have a wallet or NFT identified) instead the NFT layer goes to the DAO, the fiat goes straight to the entity and is not able to be returned. We will use Nuvei for the fiat-crypto payment rails and ensure that the organizations we work with are paid in fiat unless they choose otherwise. Along with that we will work with Nuvei to ensure that mobile banking accounts are able to receive payments as we realize this is an alternative to traditional banking that is readily chosen in developing countries.