Bosque Cardano reaches goal and plants 1 million trees – BeInCrypto

The Cardano Foundation (ADA) is using its blockchain in activities of restoration and preservation of the environment.

The Cardano Foundation, the nonprofit organization that oversees the blockchain of ADA tokens, achieved its first environmental goal, by planting more than 1 million trees, as described su CEO, Frederik Gregaard, on Twitter:

“What an achievement! The Cardano Forest is 100% funded, we have reached the 1 million tree mark. All trees planted will be registered in the blockchain of Cardano for greater transparency and will serve as public proof of the land restoration activities ”.

When planting trees, the organization has restored forested areas in Mombasa, Kenya. The African continent has been one of Cardano’s main focuses, with its founder, Charles Hoskinson, saying that new projects should be launched in the region this year.

Cardano and its focus on sustainability

To plant the forest, the Cardano Foundation partnered with Veritree, a company that uses technology blockchain to record the supply chain in tree plantations. In this way, it is possible to keep track of all the processes involved in this activity. The project has Samsung as an ally.

Every time an ADA unit is exchanged for a TREE token, Veritree plants a new tree. The company even offers users the opportunity to redeem digital trees and NFTs, with the rarity of non-fungible tokens being issued based on the initial amount of ADA exchanged.

As it was possible to analyze, some users took great steps to support the initiative. A wallet exchanged 100,000 units of ADA for new TREE tokens, spending more than $ 100,000 to do so. In addition, various addresses exchanged amounts in excess of 5,000 ADA to support the cause.

In this way, Cardano seeks to further improve its image as a sustainable crypto project. It should be noted that several crypto assets, in particular Bitcoin (BTC) and NFTs, suffer criticism and rejection by the public due to the high energy consumption they use in their mining processes or mining.

In May of last year, Graph Blockchain had already stated that Cardano would gain more and more value by being more sustainable than other crypto projects. But nevertheless, its native token, ADA, is in a strong downtrend, accumulating a fall of 60% from its historical maximum. Currently, the asset is close to a major support level.


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Bosque Cardano reaches goal and plants 1 million trees – BeInCrypto

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