I have been thinking about how one could go about creating a cheap verification methodology for stewardship (Practice based) ecocredits. I think video could be a great foundation for a methodology. I have been in contact with a Polygon based startup with an impact based social video app (Think tik-tok with impact videos). In the app It is possible to create specific “Impact Missions”, like “Ride bicycle to work” or “compost food scraps”. I think a collaboration could serve at least three purposes:
A big part of their existing users are young people from Africa and Southeast Asia, that are already crypto-native. I think this is an interesting segment to onboard in Regen Network.
The videos themselves can act as means of verification/proof of impact. This could be the pre-cursor for an actual video based verification methodology.
They have a reserve to back their native token. Currently USDC, but REGEN could also also be part of that.
The long-term idea is to use Regen Ledger to issue EcoCredits using a video based credit class. The proceedings from the sales of these EcoCredits will go back to the users who produced the videos and funding of additional “Impact Missions”. This would create a growing pool of funds being funneled into real-world actions. The videos could also be of educational nature, building actual capacity for regeneration through copying the impact practices other people do.
I would propose a staged pilot, where the later stage is dependent on the success of the first one.
**Stage 1 - Sponsor REGEN for in-app impact missions **
1 REGEN onboarding mission: Follow/Setup keplr wallet, Intro to Regen Network (Maybe small REGEN airdrop to new keplr wallets. TBD)
2 Regenenerative impact missions: Plant a tree, compost food scraps, etc. and reward these with Native Poz tokens
Evaluate video material from impact missions and assess actual impact
Hey there, @solarmonk! I have been talking to some people internally and some good questions have been raised on this subject. With this being posted to Commonwealth, the first was, are you hoping to use community spend pool funds for this project? Since it seems like this is geared towards being a separate methodology for ecocredit issuance and verification, the use of our community spend pool would not likely be the appropriate funding mechanism.
Approaching this as a unique methodology would be a separate process, apart from our community governance. Have you gotten a chance to view our methodology creation process? If not, you may find it here:
This would also need to go through our registry team, like @corlock or @becca harman. Have you gotten a chance to talk to anyone from that team?
1- I like the partnership idea related to POZ to help build across communities, and I love the idea of a video based credit class.
For the stage 2 to happen we need to clarify a community, or frontier credit class that is aimed at these lighter p2p verification approaches instead of the heavier weight institutional grade verification the registry is currently supporting. This has long been the intention, but will require some work and set up before I think we could manage to onboard a video verification of say “proof of tree” linked to an ecocredit minting event. So I think there is a clear prerequisit for Stage 2 which is the existence of a community credit class registration process. This becomes much much easier once the group module is live on regen ledger (coming with regen ledger 5.0 before the end of the year). In the meantime engagement around how to govern that and initiative and agency from the community to help build out the logic such a registry would follow would be rad.
Related to building stage one, it seems like there are two steps here:
Decide where you want to solicit regen for a reward for the regen onboarding mission. If you want to do it via the community pool, design a gov proposal and process and bring it right on chain. If you want support from RND, engage with @totallysarious (who responded as well). RND does have a wallet of regen available for this type of engagement, however we never give out unlocked tokens and always KYC, so partnering with another leading community member (like loalabs, or another validator) to distribute tokens might also be a really good move to make it flow faster and easier!
The idea of a community sub-registry for credit classes that are more grassroots and can generate credits for specific local action is really exciting to grow engagement and community. My impression is that RND Inc and Regen Foundation are both pretty flat out in terms of the work they are doing to support institutional grade ecocredits getting into the marketplace, getting regen ledger 5.0, getting the community staking dao program engaged. I wonder if other people are interested in thinking about this as a community process outside of the founding institutions? (or perhaps linking to the community staking endaoment process to create a specific governance DAO for these types of credit classes?!)