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History

1. Interest in Regen Economy
2. Cosmos SDK Contract
3. Invention of "ReFi" hashtag, early leadership in "Regen"
4. Private token sale to around 400 participants
5. Sale of credits to Microsoft
6. Higher token prices
7. Crypto market cycles
8. Liquidity bootstrapping event
9. A real and perceived disconnect between token and ecocredits
10. Token started high and long descent.
11. No stewardship of the token by the community
12. Only high inflation
13. Some work with BlockScience
14. Jeff's recommendation related to Max's stewardship of econDAO
15. Creation of this working group

Resources

Team and Community

• Nice group (~10-15 people on calls, ~45 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