Closing 2024 let’s recall all the highlights of the year, broken down by stakeholder and objectives based on the Executive Summary (2024). Overall 2024 marked a significant year for Regen Network, characterized by substantial growth in ecocredit facilitation, methodology development, and community engagement. Despite market volatility, the network maintained strong fundamentals with high staking ratios and active development.
Eco Projects’ Progress on Attracting Resources
- Total volume of ecocredits facilitated by the network: $6M+ (both OTC and marketplace)
- Mostly Biodiversity credits (82% of the global biodiversity market)
- With projects like Biocultural Jaguar Credits, Ancestral Stewardship in the Sharamentsa Community getting $250k for scaling as an example
- Methodologies ready or in development
Regen Network Terrasos and Regen Network: Pioneering Transparent, Scalable Markets for Biodiversity Credits…
- Smallholder conservation agriculture by SmartAgro
- Regenerative cotton smallholder by Grameena Vikas Kendram Society
- Forestry REDD+ by MOSS.earth
- Upgrade to Biodiversity Stewardship Credit Methodology by ERA Brazil
- Pollinator Habitat Funding
- RegenCoopBank – Bioregional Development with Cooperative Banking & $REGEN Venture Studio were researched (with a pilot for Earthist Network getting some delays unfortunately)
Network Publicity
- $REGEN network was present at EthDenver, ReFi Barcelona, NYC Climate Week (incl. Shantigar retreat), Biodiversity COP
- Social media sentiment analysis done in Q1 2024
- A foresight on the future of our markets was conducted and described in
- Brand commons: The regen brand commons continues to work towards the exclosure of the trademark for Regen Network, including the use of regen related to ecosystem service payments and all blockchain and crypto currency projects. The idea is to create a trust whose board of trustees is elected by a DUNA. We have been supported by Jessie Kate Schlinger, Michael Zargham, Primavera de Fillipi, metagov and others in the design. The aim is to liberate and coordinate around the regen term and brand: unleashing innovation and creating more alignment. The next steps are: Creation of a trust, Moving regen brand to trust. This has not been the highest priority a go out but continues to move
$REGEN Investor overview
Price dynamics: 7c (end of 2023) → 7c (Q1) → 5c (Q2) → 1.7c (Q3) → 2.4c (Q4)
Total size of liquidity pools: $130k (Q1) → $158k (Q2) → $114k (Q3) → 210k (Q4)
- Liquidity DAO / Bank group was launched (read more)
- Staking ration continues to be one of the biggest in market 92% at the moment of writing
- The proposal to adjust the minimum inflation parameter to 3.5% (from 7) and the maximum parameter to 10% (from 20%) on the chain passed to decrease the inflation
- The proposal to decrease the number of active validators from 75 to 21 passed (more details)
There are 22k+ of accounts holding $REGEN with 1,650 account being active monthly
Foundation’s csDAO program was analysed finding most project preferred to hold a significant part of $REGEN Max Semenchuk Aims of the Community — Foundation Investment Assessment
DApp & Token Engineers Ecosystem Updates
metric: # of apps
- With Ecotoken now cross chain sales are enabled on Solana, Base, Celo, OP etc.
- Initiated work with Giulio on the
regen1tr5m0ty92sphxxm74azjakv3u2l4cs68kmkdvp Regen Fundraising Open Dashboard proposal... - Data Streams were added
- Cosmwasm upgrade coming that should alow among others a fee / burn feature
- Consensus protocol change was discussed with no change happening so far
Tokenomics Group Dynamics
Metric: feedback from stakeholder (council mvp)
- Group has grown from ~40 to 70 people this year
- regentokenomics.org had 1000+ visitors from all around the world
- ~$20k fundraised on Gitcoin
- Constitution work could also potentially address the thesis for the investors, including long-term impact measurement and priorities.
I would like to thank all people participating in our work in the last months: James Bettauer, Gregory Landua, Christian Shearer, Giulio Quarta, Will Szal, David Fortson, Samuel Lee, Min-Si Wang, Berk Sohto, Jeancarlo Barrios (JC) Juan Ramos (Juanca), Paul Weidner, Ryan Christoffersen, Mark DeRugeriis, @brawlaphant
Looking for another great year together, your steward Max Semenchuk