October 2024 – ecoToken is decentralizing the governance of its Cross-Chain Ecological Communication Protocol (CCEP) and ecoLedger core protocol by adopting the $REGEN token as its governance token and posting all ecoLedger data to the Regen Ledger. The two ReFi companies have decided to join forces with a shared vision of global planetary regeneration. This partnership establishes a cohesive, vertically integrated system from credit generation and issuance to transparent cross-chain distribution and verification, setting the foundation for a unified ReFi ecosystem. With this partnership, further decentralization is coming via a cross-chain validation protocol.
ecoToken and Regen Network aim to expedite sustainability initiatives by facilitating integration of ecological assets and ecocredits across web3 and weaving regenerative finance into the fabric of the blockchain industry. The integration of $REGEN will provide a unified governance framework, making ecoToken’s ecoLedger a transparent and community-driven platform that can power the future of ReFi.
“We are thrilled to be joining forces with Regen Network. Regen has been our longest-standing partner and a group I have admired since entering the ReFi space in 2021. I believe that the best solution to our planet’s environmental challenges is to make it economical for localized impact to scale globally. With Regen lowering the barrier to entry for credit creation and ecoToken enabling those credits to reach any possible use case, I am confident that together we can make it more economically viable to act in the best interests of our environment over extraction. And now, with a unified governance structure, I believe more than ever that we can achieve this.” said James Bettauer, CEO of ecoToken.
Creating a Vertically Integrated ReFi Ecosystem
This partnership brings together two powerful platforms in the ReFi space, each contributing unique strengths:
ecoToken offers cross-chain infrastructure and aggregation capabilities, enabling ecocredits to be distributed across any blockchain. ecoToken’s unique ability to make credits available simultaneously across any marketplace and on any blockchain eliminates the problem of fragmented liquidity. This approach ensures maximum visibility and demand for every credit issued, while providing a verifiable layer of credit transactions across blockchains that can be seen at scan.ecotoken.earth.
Regen Network has established itself as a trusted leader in ecological asset issuance and verification, setting high standards for transparency and sustainability. Regen enables a bottom-up approach to global regeneration by empowering individual project developers and lowering the barriers to entry while maintaining high levels of verification through a dedicated community and on-chain data protocols.
By integrating $REGEN token for governance and posting ecoLedger data to the Regen Ledger, ecoToken is ensuring that the ecoLedger and CCEP protocol will be governed by a committed community aligned with Regen’s mission to regenerate ecosystems globally. Together, this will enable web3 credits to be embedded into the very fabric of blockchains and decentralized applications, ultimately fostering a more regenerative and sustainable future.
Regen Network aims to be the source of verified, high integrity ecocredits for all of web3. With this ecoToken partnership, we vastly expand exposure to innovative ecological repair projects that provides the blockchain industry with web3 native ecological assets and provides our project developers and land stewards a critical new avenue for supporting their proven ecological repair.”– David Fortson, Chief Growth Officer, Regen Network Development
Regen Network and ecoToken’s partnership has already supported substantial sales to Solana Foundation in service to offsetting the carbon footprint of Solana. Further, Regen Network’s ecocredits are experiencing demand from the likes of F1 Mercedes, Alto Planos Tequila, philanthropists and others.
With this announcement also comes the introduction of Blinks. As part of our commitment to ease of access, users can now purchase biodiversity credits/units directly on X (formerly Twitter) with just one click. This seamless integration provides full on-chain verification, ensuring transparency in every transaction. Soon, other types of credits will be available via Blinks, with payment accepted in almost any SPL token. Looking ahead, Blinks will expand to other social media platforms, including Discord and Reddit, further simplifying the credit purchase process across the web.
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