Forest Foundation (FRST)

Real Forests and Real Carbon Offset Tokens

Review Score
3.02/5
ICO Price
0.004643 USD
0.0000333333 ETH
Pre ICO Price
N/A
Soft Cap
5,000,000 USD
Hard Cap
20,000,000 USD
Start Date
20 December 2018
End Date
8 January 2019

What is Forest Foundation?

 

Carbon reduction is arguably the most pressing issue for survival on the planet, yet to date, carbon credits have been dramatically undervalued and poorly managed. The formation of a global alliance to issue carbon credits or carbon offset tokens is the prime example of failure in our efforts to restore Earth’s natural balance. Government-issued carbon credits are merely pieces of paper, with no forests or carbon-offsetting establishments backing them.

Forest Foundation is addressing the need for immediate action required to preserve Earth’s climate by purchasing forests around the world. The Foundation will issue carbon offset tokens backed by real forests and similar green plantations. For companies and individuals who want to hold carbon credits that are truly meaningful, Forest Foundation is providing a way to assure that the credits mean something and aren’t just a way of getting regulatory compliance

Forest Foundation will use blockchain technology to develop a transparent ecosystem, where data pertaining to the sale, purchase, and monitoring of forest land will be validated through the blockchain. The Foundation will use satellite imagery, property title, and annual tax documents to establish proof of ownership of the forest as well as its maintenance record. Additionally, Forest Foundation will partner with third-party agencies/corporations to spread its methodology globally.

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