Tokenomics for growth
Last updated
Last updated
1Earth will only be available for purchase through its token sale or on the secondary exchange market. 1 billion 1Earth tokens will be created at launch.
No other 1Earth tokens will be ever be created or minted.
Every EarthFund grant sent to a project will be subject to both a 5% fee and a cause-specific fee.
Both of these are added on top of the grants, so that every funded project always gets 100% of the money it needs.
Each cause has the autonomy to decide its own fee percentage, which will be distributed out to the members of their community that vote and participate in the community. The EarthFund fee is fixed at 5% and goes to the EarthFund treasury to improve and grow the EarthFund platform.
Projects submitted for funding are also charged a KYC and review fee that are distributed straight back to the community and our third-party KYC provider.
Platform and cause fees in practice:
If a cause wants to create a $100,000 of grants, they need to raise $105K to cover the platform fee. They'll also need to raise the cause fee on top.
This makes sure the projects always get 100% of the funding they need, unlike, say, traditional charities where a large chunk of money is lost to staff and administrative costs.