why do we use blockchain?
To ensure transparency and digital security for the TREECYCLE project
Benefits of the Blockchain
At their core, blockchain systems are interconnected networks of computers that work to execute transactions, update transaction records (ledgers), and maintain system security in a decentralized way.
Blockchain technology enables us to create secure, transparent and innovative digital assets (tokens) that can be safely stored or traded throughout the world at a fraction of the cost of traditional banking systems.
Sustainability at every step
In contrast to energy and resource-intensive Proof-of-Work (PoW) blockchains, such as Bitcoin, TREECYCLE uses a Proof-of-Stake (PoS) blockchain protocol which ensures transparency, security, and speed while operating in an efficient and ecologically friendly manner.
In fact, our PoS Blockchain protocol uses 99.5% less energy/transaction than the Bitcoin blockchain
Both our TREE and TXC tokens are built on the IGNIS (child-chain) of the Proof-of-Stake (PoS) ARDOR blockchain.
Ardor Ignis - Our Sustainable Blockchain
The ARDOR blockchain is based on the successful NXT blockchain, which was launched as the first proof-of-stake (low-energy) blockchain protocol in 2013.
ARDOR has introduced a suite of features which further improve network transaction processing speed, scalability, and network security.
The ARDOR system consists of a single “parent” chain (ARDOR) which is responsible for network security and processing, and a series of “child” chains which can be customized to fit project/business needs while ensuring conformity with the logic and security of the ARDOR parent chain.
The TREE Token
The first digital hardwood asset in the world
TREE Cycle of Life® – Increasing profitability
Maximum Security, thanks to Blockchain Technology
A hereditary asset
Lifelong maintenance guarantee
TXC is our digital currency within our TreeConomy. The TXC is our payment token and is to be used for payments within our TREECYCLE ecosystem. For every single eucalyptus tree – i.e. every TREE, in which you invest, you will receive 5 TXC/TREE as a starter bonus.
TXC - Your EXTRA chance free of charge
The more people buy our TREE and use the TXC as a means of payment in the future, the more the value increases.
1 TREE = 100 TXC
For 1 TREE, only 100 TXC are issued in total. This means that the number of TXC is directly related to the number of trees planted and cannot be artificially increased and therefore non-inflated.