History
The story of Regen Network began with a deep interest in regenerative economics and sustainable practices. This interest led to a significant milestone when the team secured a Cosmos SDK contract, establishing the technical foundation for their vision.
During this early period, the team played a pioneering role in the ecosystem by coining the term "ReFi" and establishing early leadership in the regenerative finance movement. The project gained significant traction, culminating in a private token sale that attracted approximately 400 participants.
A major breakthrough came with the sale of credits to Microsoft, which demonstrated the real-world utility of the platform. This success contributed to higher token prices, though like many projects, Regen Network was subject to the broader crypto market cycles.
The project then underwent a liquidity bootstrapping event, but challenges emerged as a disconnect developed between the token and ecocredits - both in reality and perception. The token, which had started at a high point, experienced a prolonged descent. This decline was exacerbated by a lack of community stewardship over the token and high inflation rates.
During this period, the team engaged in collaborative work with BlockScience to analyze and improve the system. A turning point came when Jeff made a recommendation regarding Max's stewardship of this working group - marking a new chapter in Regen Network's journey toward achieving its regenerative goals.
WG Group Kick-off Talk (20.06.23)Resources
Team and Community
- Nice group (~5-10 people on calls, 50+ signed up)
- A team with deep regen.network experience
- Individuals with a certain amount of cosmos community credibility
- Healthy, low-drama governance culture
Token and Governance
- Highly functioning token
- Active governance posture for upgrading tokenomics
- Expanding token tools with evolution of Cosmos ecosystem features
- 1M $regen in econ DAO
- Emerging polycentric governance (econdao, RF, RND, RR, BuilderDAO, GrowthDAO)
Technology and Infrastructure
- Regen Ledger
- Independent validator set with around 65 active validators
- Empty blockspace with low fees
- Low network activity
- Abstraction for ecocredits and data storage
- Cosmwasm on the way and DAODAO support promised
- Data / gov / group module
- Eco credit / market module
Credits and Funding
- Pipeline of biodiversity credits
- Few sources of funding (incl. donations on Gitcoin)
- Background and pipeline of soil carbon credits
Partnerships and Engagement
- Scientific peer review system
- Interest to use the ledger from different parties
- CSenDAOment Program
- Engagement with multiple actors on use-cases within the network
- Partnerships with indigenous orgs
- Requests from UNDP