Gigatree - The blockchain that donates 80% of its profits to associations

[gigatree]

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

[Vod]

We can, however, create giant forests that will offset the CO2 emissions of every human.

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.  :/

[gigatree]

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.

We can, however, create giant forests that will offset the CO2 emissions of every human.

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.  :/

[gigatree]

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

Obviously not much information in this thread and almost no links to the project resources. Hope we'll see much more information and news about this project asap

yes, and i think the OP just write a personal suggestions
maybe this is just a kind of opinion about the global warming and etc
because he didn't put any important link that supporting his project, only a twitter link and thats not a good idea

[sukoyomi]

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.

[gigatree]

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

[timtinous]

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

[crwth]

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.

It makes little difference as the trees are more valuable today as charcoal.   

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.

[Miiike]

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?

[gigatree]

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

[Miiike]

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?

[gigatree]

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.

[Coin_trader]

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.

[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

[Miiike]

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.

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?

[gigatree]

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.

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.

[polokvinnz]

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

[gigatree]

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 

[Miiike]

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.

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)?

[gigatree]

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.