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San Salvador, El Salvador, May 01, 2022 (GLOBE NEWSWIRE) — The ECORISE Finance aims to collaborate with local communities worldwide to fund, safeguard, and operate natural ecosystems for long-term sustainability. To support these goals, the $RISE governance token will be available on the TrustSwap Launchpad on May 10th at 05:00 PM UTC.
What should we know about the DAO?
The ECORISE DAO is essentially a method for collecting large amounts of at-risk land and securing it on a blockchain under decentralized ownership for long-term protection and preservation.
As such, all landowners who contractually pledge to conserve, defend, and regenerate their property are eligible to stake in the DAO vault. Once approved via DAO governance, land title documents shall be legally ‘tokenized’ into an NFT and stored in the DAO’s Property Title Vault.
Staking tokenized land in the vault establishes a decentralized land stewardship collective, thereby allowing financing for regenerative initiatives. In order to maintain continuing conservation and preservation, the DAO can vote to acquire staked property from landowners.
Moreover, all lands in the DAO will be evaluated for “Payments for Ecosystem Services” (PES), a network in which those who benefit from environmental features like landscape restoration, carbon sequestration, watershed protection, and forest conservation, would pay market rates to those whose lands offer such services. The ECORISE DAO will earn PES from sustainably managed locked assets and the treasury will be managed via community governance using the RISE governance token.
What else is there to know?
ECORISE Finance contains a two-token smart…
Full story available on Benzinga.com
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