A small group of REGEN Network stakeholders (Jeancarlo Barrios, Juan Carlos Ramos, Juan Fernando Ramos and Brian Weinberg) began a good faith volunteer effort in January 2024 to study the Collective Value Generation of Regen Network nicknamed “The Road to $1.” This was a response to understanding the depressed valuation of the REGEN token price and to develop a valuation framework based on the fundamentals of the network itself.
Unfortunately, we were not able to gather enough information to complete the study which is an important coordination failure to take note of and so we are offering these REGEN Network Summary of Insights and Key Recommendations (May 2024) instead.
After presenting to the Tokenomics working group, we were encouraged to post here for further discussion.
Our hope is that the discussion generates proposals iterating on our recommendations for a course correction that advances the network’s collective value and utility.
Here is a way shorter version of the google doc(without all the jargon)
Regen Network Summary: Key Points
What’s Going On?
A group of people (Jeancarlo, Juan Carlos, Juan Fernando, and Brian) started a study to help Regen Network grow. They called it “The Road to $1.”
Why Did They Do This?
They wanted to understand how the network is doing and how it can improve. They needed to look at the basics first, like how people use the network and what makes it valuable.
Main Ideas They Looked At:
Sales: How products and services are sold in the network.
Growth: How the network can get bigger and better.
Communications & Community Leadership: How they talk to people and build a community.
Developer Contributions: How developers (people who create software) help the network grow.
Project & Science Development: How they support projects and use science to improve things.
Problems They Found:
Decentralization Challenges: It’s hard to coordinate because everyone is working independently.
Leadership Vacuum: There needs to be more leaders to guide the network.
Lack of Public Metrics: Not enough information is shared publicly, making it hard for everyone to understand the network.
Fragmented Direction: Different groups are working separately without a clear plan.
Engaging Non-Web3 Actors: They need to involve people and organizations outside the blockchain world.
What They Recommend:
Form a Regen Network Council: A group of five people to track the network’s progress and create a strategic plan.
Improve Information Sharing: Make a public dashboard to share important data and have regular meetings to align efforts.
Create a Constitution: Draft a set of rules and guidelines for how the network should operate.
Develop a Monetary Policy Paper: Create a plan for the network’s economic and monetary policies to attract more participants.
You have made it clear you don’t want speculation. That underserves your underlying industry. no doubt regen network is on some galactic federation level here with its focus on ecological construction/regeneration. Speculatively here for that..
After reading the google doc and simplifying it as well.. I’m still going trade regen token, share regen network, and retire credits. Participating in governance is so scattered. Seems this post is aimed at curing that. But not sure what call to action there is given the depth of work here, on the ground.
The road to 1$ is strategic LPs galore perhaps with retirement embedded fairly with as many assets and protocols as possible within cosmos. Then bridge far and wide, liquidity expansion. But this doesn’t seem possible or desired. so alternatively, get louder on socials about how to engage. Which i am seeing with the ambassador program, which i think will be huge.
I do think there should be a weekly post thats viewer friendly each week that hits every social media. I am going to attempt this myself. I want to include a regen credit retirement for each week post. my drive is financial and environmental.
this post is pretty bearish, but quite the daunting task.
Thank you for reading my words and doing what you all are already doing. its hard, very hard to execute an origination of regenerative ecological economies. Cheers
Thank you Brian and team for getting this up here!
There is a lot in this document! In the spirit of moving this process forward, I’d call out your “most fundamental” proposal of establishing a council focused on stewarding the Constitution Process.
I think it is worth more discussion on the process for establishing this council. Five members sounds like a good number. As outlined in the whitepaper and in Regen Foundation’s By-Laws, the Consortium plays an important role in governance, and before a slate is proposed on-chain, the slate should be run by the Consortium.
What should be the nomination process for candidates arriving on the slate? It would be great to have representatives from both technical and economic aspects, but also from governance, ecology, and some of our other stakeholder groups more broadly.
I am sorry I missed the presentation about this to the token working group last week, as I was in D.C. for a set of meetings with the IDB related to the Biocultural Jaguar Credit and our recent Terrasos Biodiversity Unit launch.
First off: Thank you, I think this is a valuable reflection.
I think that the big take away here continues to be the need to form a specific group and create a process to vest that group with a mandate from the community governance to create, socialize and bring to vote a constitution and further order and organize network operations and governance processes. I would recommend we be agile with this process and aim to have a group that can be socialized with governance by a specific date. If so desired I would be happy to contribute to such a group. I’d recommend we try to have a group formed, and a governance proposal up for said group before the end of June.