Token: LEAF

LEAF is the primary and governance token of Project Forest's ecosystem, with a capped supply of 9 billion tokens. Find out more about this utility-focused token.

Project Forest is an ecosystem envisioned to protect the global environment in real-time. Thus, its governance token – LEAF – will be mapped one-to-one according to the global carbon-trading volume. Reports suggest EU Emissions Trading System (EU ETS) is currently the largest carbon market. In 2020, its trading volume reached 8.1 billion tons of carbon dioxide, more than four times the total quota, accounting for about 90% of the global carbon-trading volume. On a per-share basis, there will be 9 billion tons of carbon dioxide. As a result, the total supply of Project Forest’s ecological token, LEAF, is 9 billion. In Project Forest, LEAF will be compulsory to claim trees. It allows LEAF holders to conduct NFT transactions and investments and play games. In the future, goods and services will also be purchasable by using LEAF. The total amount of LEAF tokens is 9 billion.

Token Distribution

• Team and Advisors (15%) – These tokens are distributed to founding and non-founding members of Project Forest.

• Token Sale (20%) – These tokens will be reserved for public offering and private placement. All issued funds will be used to maintain the ecological development of Project Forest.

• Community and Marketing (15%) – These tokens will be used for various ecosystem building and promoting purposes such as marketing, bounties, incentive programs, etc., and rewarding community contributions to the project through airdrops, among others.

• Staking and Liquidity (5%) – These tokens will be used to reward ecological staking and liquidity mining. Any network participant can stake tokens to receive rewards.

• Plant-to-Earn (45%) – These tokens will be earned by the players through Project Forest’s ‘combined tree’ mode.

All funds raised from the issuance will be used to maintain Project Forest and follow up the annual income repurchase and token burning.

Token Usage

Usage	Description
Trade	Purchase of NFT assets (trees, grass, animals) from the Project Forest ecology
DeFi	Staking, pledge mining
Governance	LEAF token holders will obtain ecological governance rights, including but not limited to voting and proposal rights, among others
Burning and Repurchase	The officials will regularly carry out token repurchase and burning
Digging Soil Plots	After a certain number of soil plots have been dug, consequent digging requires the consumption of tokens. LEAF is consumed for the digging of the 11th - 30th concurrent soil plot.
Clearing or Excavating Plots	Clearing Tree plots that have Trees planted on them require the consumption of LEAF tokens.
Germinating Seeds	Seeds that are dropped by Tree NFTs within the app require undergoing germination in order to be minted as NFTs. This process of germination consumes LEAF along with O2.
Special LVL Upgrades (3rd)	During the growth or leveling up or Trees, certain key stages require the consumption of tokens to enable the Tree to transform successfully. The 3rd and final stage of the upgrade requires LEAF consumption.