The Cardano Foundation has planted one million trees
The project was implemented with the users’ donations in the ADA token
11.01.2022 - 07:50
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What’s new? The CEO of the Cardano Foundation, Frederik Gregaard, has published a Twitter post in which he reported on achieving the goal of one million planted trees. It is a joint project with Veritree called Cardano Forest.
What an achievement! The #CardanoForest is 100% funded, we’ve reached the 1 million trees milestone. The success of this first Cardano Global Impact Challenge for the Cardano Ecosystem truly shows the power of our community.— Frederik Gregaard (@F_Gregaard) January 9, 2022
“What an achievement! The Cardano Forest project is 100% funded, we have reached the 1 million trees milestone. The success of our project for the Cardano Ecosystem shows the real power of the community,” Gregaard stressed.
What else is known about the project? Cardano Forest is an environmental initiative of the Cardano Foundation, implemented with the support of Veritree. To participate in the project, the users need to exchange the ADA tokens for TREE tokens. In this, one TREE token equals one planted tree. All of Cardano Forest's activity data is recorded on the blockchain.
The minimum donation amount is 15 ADA tokens and the maximum amount to date has reached 100 000 ADA. However, both companies do not disclose the name of the participant who made this donation. Cardano Forest is not the foundation's only project. Previously was mentioned, the partnership between Cardano and Samsung to plant two million mangrove trees in Madagascar.
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