Bitcoin Forum

Project name: Gigatree


Context: We agree that today bitcoin generates as much CO2 as Switzerland or Sweden. Transaction fees are 6€ for small payments for bitcoin, even 50€ on ETH on peak days and these same transaction fees go back to the miners who consume even more energy to buy new and more powerful graphics cards. These transaction fees mainly go back to the miners. Money that goes away and is not recovered by the users. The same goes for merchants, merchants pay about 1 to 3% when paying by credit card, these fees are very high for micropayments, which leads some merchants to refuse the card. So I had an idea.  ::)

The concept : To answer this problem, I propose to create a new blockchain, decentralized, where there is no proof of mining, where the transaction fees are 0.25% (or 0.0025€ for 1€ spent) and where 80% of the company's profits are donated to reforestation or ecological associations.
Thus this project allows to create a virtuous circle where the money spent is then injected directly into the economy by your spending but also through associations that employ employees.

Number of phases : 140
Starting price phase 1: 0.05€.
Maximum price in phase 140 : 7€.
Increase level : Every 140 000 tokens sold, the previous phase ends and the price increases.

All the unsold tokens will be distributed among the buyers, this will dilute the selling price but will increase in quantity the number of tokens obtained for each investor.


The twitter : https://twitter.com/paybytrees
The website : https://en.gigatree.eu/


UPDATE 09/12/2020 : Opening of the site on December 25th 2020.
Presentation of the team
Presentation of the services
WhitePaper
Roadmap
Opening of the pre-registrations

UPDATE 02/09/2022 : Blockchain under development
The blockchain is currently under development, it uses the NODE JS technology, LEVEL (database used by bitcoin), the blockchain will be in Proof of stake what allows to improve considerably the performances, notably the speed of validation of the blocks.
After all the remarks that have been given, the laws that have changed since 2020, Gigatree has taken an incredible turn. And I thank you for that

I love the naive optimism from today's youth.  :)

Humanity is already planting trees as fast as we can.  Volunteers, Volunteer Organizations, millions in donations...   It makes little difference as the trees are more valuable today as charcoal.   

You would do more good for ecology by not starting this project.  :/

We are optimistic that the transaction fees are high.

Visa / Mastercard : 0.50% + 0.50% for banks and much more for some banks
or even Bitcoins and others altcoins taking fees, big fees for very small transactions

0% of thoses are injected in ecology or social projects, only miners. We can solve this problem by a solution that creates jobs, the greening of our big cities and unused land.

Today paypal plants 1,000,000 trees per year. It's greenwashing when we know that to absorb the quantity of CO2 we need nearly 1000 billion trees. by the way, they take almost 2% per transaction ( only 0.05% for our solution )

Gigatree could grow 1 billion trees per year and more using this token, only with fees.

I understand your doubts, I take into consideration your remarks which are very interesting and which will help to enlighten some reluctant people on our platform.

You're right, it's a personal opinion of how I feel every day.

I lived near a big city, in the evening, I smelled like a smell of burning in the air, yet nothing to worry about.

But I didn't feel it every night but a few years later, it came back more and more often.

It's a bit like when you put syrup in the bottom of your glass. you don't feel it. but if you stir a little more. you taste like syrup with every sip.

Today I live in the big city and I smell this burning smell every night.

I have traveled to beijing, shanghai, paris, toulouse, los angeles and I know from personal experience that 7 billion people who use cars, consume electricity and buy phones every year consume a lot of CO2 and pollutes our planet.

it may seem denied. I am not an environmentalist in my country. (France). Just a developer.

I believe that together we can do something big and profitable for everyone and not just the TOP 100 billionaires.

The first investors will be the most rewarded.

I am looking to work with agroforestry associations to set up this project.

The website will appear shortly with all the answers to your questions. Stay up to date on twitter

Well, your project twitter account isn't using english, all of them are creating by using your local language. Then how can people that support your project would understand what's the point of your tweet? what's an update that you just provide? You have to take this very seriously, because the people who come to this forum is from different countries.

Hello sukoyomi, this is a very interesting remark.

Today we want to communicate in our local language which is much simpler since we will be working with local associations at first.

When the gigatree will have passed this barrier we will be able to wonder about the creation of an English twitter account.

Currently if you want more information in your language, you need to translate the tweets.

or

Stay up to date on this bitcointalk info page

So twitter not in english, it is not usual. Hope website, whitepaper and other will be in english, I think it will be the best decision

Great idea for sure, but I doubt transaction fees would be given to this initiative. Maybe start your mining pool for the benefit of the environment? Source of energy is renewable resources? Better show how you are going to change all this.

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I disagree with this, lol. Charcoal cannot convert CO2 to O2. It cannot remove the carbon from the CO2, but a tree can. If you compare planting a tree and burning charcoal, you should know what’s better for the environment. Planting a tree, of course. A little bit more planting wouldn’t hurt. Besides, it takes a long time to grow one. It’s better and has more impact in the future.

Ok, so I've read your opening post for like... more than 10 times (I honestly lost count on the 6th time I read them) and I still can't be sure I grasped what you tried to offer. The tree part, I got it. The using blockchain fees etc etc. to buy trees, I got it. But how do you propose we re converting those transaction on (say, like) etherchain to your project?

Good question, there is no blockchain. It's a brand new API protocol. ( if you want you can call it Gigachain )

The Gigatree use a new protocol system with a new exchange platform, the GigaExchange
Like you can exchange Euro to Gigatree and Euro to Bitcoin. You could Exchange Bitcoin to Gigatree and Gigatree to Euro with withdrawal system.

All of this services will possible using the web platform, application and using the API, so you can make many applications using this technology.
API is simple to use to offer the possibility of all developpers to use it.

I'm thinking to share the possibility of every developers to create their own coin using our API system with the possibility to modify the fees amount but with a 0.02% minimum fees on each transactions going to gigatree to pay the network maintenance.

Possibilities are infinite and easy to set up

This made me even more puzzled. So what exactly do you offer? A new blockchain (although you said there is no blockchain) called gigachain? An exchange called gigaexchange? An API? A simple token?

It's a digital currency that you can use with a simple API. We do not use the Bitcoin protocol or ETH protocol.

the only thing you have to do is buy the token in presale at a starting price of 0.10 €  (presale start in february by a crowdfunding way)

You can exchange it using our API (coding, you have to be developper).

If you are not developper :

You can also exchange it using our website or mobile application or an another exchange platform who uses the gigatree.

You will just need the address of a user who uses gigatree. or an address of another gigatree wallet that you hold to make an exchange. simple like "Bonjour"

If you don't know how to communicate with an API. I don't know how to explain it otherwise since the whole Gigatree will communicate through our API.

if you still don't understand how it works, i will put the website online next month with a presentation of the main services offered by gigatree.

Your introductory is too long compared on the project description. People will not even notice that your project is an exchange that used the profit in transaction fee for planting plants to fight global warming. Your official website is not accessible for people outside EU and your twitter account language is not English. Doing research about your project is very complicated, No identity of the team behind it, no whitepaper and no concrete details for the distribution of money for planting expenses.

You right, all of these will be availables on the website in december. Patience

So to put it in a simple word: you're a coin, with a "swap" platform, that can also be bought on exchanges that (in the future) list your trading pair?

Absolutely,
with the possibility to create your own coin hosted on our server for 0.01% fees on each transaction. your earning is 0.04% on each transaction.

So all information will be available in december on the website, waiting for it. Also hope to see technical documents and social networks soon ;)

We work on it  8)

Ok, but uhh... What advantages of using your platform or holding your token that'll persuade people to go with you instead of other swap platform or (if they're concerned with deforestation) directly donate to a reputable green NGO (or other restorative organization)?

Buying a tree and planting it is relatively expensive, around 12€ per tree.

There are already companies that sell trees and NGO but they only plant a few million.

Gigatree aims to plant 200-800 million trees per year with the help of its payment system only with the fees.

The Gigatree project is to give. By donating 50% of its profits to NGOs and 50% to create our own NGO

Gigatree cannot plant trees alone, it needs partner associations that are already in the afforestation sector.

12€ is for a tree, correct? A full grown tree? I have to admit I never directly involved in a tree planting social activity, but from what I gathered and the farthest I know, the usual "tree" being planted for reforestation are tree seedlings, which google quick search showed it's merely around 1€?

Further, I'd like to know the data you use for the claim that NGO only plant a few million. Because if I take a quick look at Project Eden, they reported they've planted over 423 million trees. And that's Eden alone, there are still other reforestation NGO that contributes to million other trees.

I did research on the feasibility of the project and it turns out that planting a tree for 1€ is impossible

https://www.reforestaction.com/ 9 millions trees planted since 2009 > As a reminder we need 1000 billion trees
https://www.coeurdeforet.com/ NGO plant in multiple countries > 720 000 trees in 2020
https://ishpingo.org/ NGO plant in amazonia > 400 000 trees since 2005

You can find many NGOs, they don't plant many trees quickly enough to effectively counter global warming

COST OF A TREE

12€ is an average cost, it may vary depending on several factors.

land in the countryside costs around € 25,000 in France for 10,000m2 2,5€ per m2

A minimum of 4m2 is needed for a tree to grow properly and to leave space for plants around

Which makes 10 € per tree

So a gardener can plant an average of 10 trees per hour. with a gross salary of 2300 €, that gives us a labor cost of 1.57 €

The price also depends on the type of tree you choose
1€ it's the price for a little tree ( 1.06 exactly for an order of 12.000 trees) 20-30 cm


You can check price here :
https://www.planfor.fr/achat,chene-liege,1033,FR

this tree is one of the cheapest and it is "resistant" to forest fires, he can reborn without help
but of course we can not only plant one species of trees, biodiversity is important


Total: 12.63 € without including water cost, tools, truck and maintenance

Wouldn't those link with summary of trees they planted just further disprove your claim that NGO only planted few millions of trees and actually do a favor to support my arguments that NGO planted hundreds of million of trees? And that, are NGOs alone. Shall we talk about GO?


Wait... I didn't know reforestation needs an organizational body to buy land? We're talking about reforestation here, right? The act of re-foresting what once a forest with trees? Perhaps you're referring to aforestation?

I understand that labor cost may occur, although many NGOs (and GOs) actually have volunteers working for their case, which, brings us to my original question: why should people use your swap platform instead of other existing ones, and for the green-goers (which predictably will be your main market), why should they use your service, that includes land cost and labor cost in their budget, while out there exists green organizations (bigger and more established ones  also more diverse, be it NGOs or GOs) that's supported by volunteers, that can cut down unnecessary costs?


I am sorry that I have to ask this, but do you have any experience on forestation activity before? You do aware that planfor were a platform that sell trees for gardening purpose, right? For commercial and aesthetic purpose and not for social forestation ones? I didn't speak French, so I can't be sure what the french website said, but the UK ones clearly imply their purpose.

Environment part

Ecology is not just a question of volunteering. People have jobs to solve environmental problems
In NGOs, we can have employees and we need them. Voluntarism at its limits when you have big goals people cannot give 100% of their time to volunteering and creating jobs is good for our economy.

I have probably less skills than a forester but I know the world of work and how teams could work together for a great project.

Our involvement will allow us to solve each problem one by one.

You are talking about a larger organization that also has a project to plant 500 million to 1B trees (savages, not for IKEA) per year, tell me which one, because it is the engine of this project.

Also,
you forgot the most important. We will donate 50% of our profits to afforestation and reforestation NGOs, because they don't have enough money and Gigatree must learn from NGOs to create his own. win win project

We bring finance technology to the service of NGOs  :D

Technology part

"why should people use your swap platform instead of other existing ones"

It's not just a swap platform. Gigatree is a digital currency where you can trade and speculate at transfer rates that are faster than cryptos and easier to use.

Like cryptos you can easily get interested since the token will be sold more expensive the next day. So you can sell it for more or less every day.

Let's talk about this part first before we move to tech part.

First of all, I'd still like to hear a confirmation or a denial that you use commercial-scale website (and seems like a well known and high profile too) as your reference for the project budgeting.

And then, I'd like to know how you'll guarantee users that you can plant 1B trees per year. Theoretically speaking, the biggest organization that do reforestation is perhaps UN with their UNEP, that are yet to plant 1B, let alone achieving the number in a year span. And that is the United Nation, an organization backed by the world, wouldn't it rather delusional (or at the very least to say, impossible) to claim such number. Unless you have a strong backing theory.

Obviously, growing a billion trees will only be possible if there is enthusiasm for the project.

1 billion is the long-term goal.

If we can already gather people to buy and use the Gigatree in trade and commerce.

This figure is completely feasible.

This is what the crowdfunding, application, website will be used for, to bring together.

Namely the entire "more than 100 billion euro" in blockchain (stated on your opening post)? Which, in other words, (almost) the entire blockchain transaction? Sounds a little bit far fetched isn't it?


So now it is a longterm? The opening post said otherwise, that you'll plant 1b trees and 10b plant each year. Bolded, to ensure it got readers attention.


Feasible as in gathering the entire cryptocommunity to use your platform?

Also, where's the clarification of using planfor's price as reference?

This is not my first time in this thread, last time I was hoping to see a little more information here as it seems interesting to me. Problems with CO2 is very important in our days

Hello meetAm,
I am happy to hear that you are interested in the project, we will keep you informed as soon as possible.

Any follow ups for this? Your last post were rather mundane, is it not? Warm and friendly, but compared to the inquiries that supposed to get a better attention and response... well, if I may comment on the topic, I am agree with meetAm, you barely add substantial info, although you said on the first post that you'll give updates? Maybe we can start with team details and background?

Post updated, stay tuned

The goal is high but not impossible, if we can achieve 10-20% of the goal. It would be amazing

So you're caught up and tripping with your own statements and can't address to my questions without tangling yourself further and decided to play fool by not replying me? May I start questioning the credibility of this project?

Hello Miiike,

please, be patient

We will be updating frequently. You will have to wait for the information like everyone else.

You will be kept informed on this post as I told you previously.

I can't reply to all your messages, that would mean I have to do the X2 job. (website and bitcointalk)

thanks for understanding

Well then what are you doing here? You clearly have time to compose this reply. And if you're as busy as you tried to hint us, wouldn't it be more efficient to reply me with direct answers instead of giving a raincheck? Plus, you're a team of... two? No? The other partner is a silent partner, then?

The other partner is working on website, and mainly on the texts, he does not have time to take care of the forum. I take care of IT development.

I answer you out of courtesy

we have already talked a lot,
please stay tuned, on the post

After all the remarks that have been given, the laws that have changed since 2020, Gigatree has taken an incredible turn. And I thank you for that

Update of the post and the project as a whole.
See the changes on the main post.

i.e. the context and the solution found as well as the useful links.
02/09/2022