Earth Dollar has the potential to change everything. It presents the possibility to transform the fabric of society, lift entire nations out of poverty, and help create a more sustainable world.
New York, New York (PRWEB)
September 21, 2017
At the Blockchain for Impact event in the United Nations Plaza, founder of the Earth Dollar, David Kam, launches a mission to gather all the people of Planet Earth to come together to work to end global poverty and to create a more sustainable world.
The Earth Jubilee is a 50-day global event in support of the United Nations’ 17 Sustainable Development Goals, the first of which is the eradication of poverty. The Earth Jubilee starts on 9/21/2017 and culminates on 11/11/2017 11:11 am GMT with the start of the token sale of the Earth Dollar.
Expected to be one of the largest token sales for 2017, the launch of the Earth Dollar signifies a radical new application of cryptocurrency and blockchain technology. The Earth Dollar aims to create an alternative global economy, a new relationship between currency and resources that will actively protect the natural world.
Unlike other cryptocurrencies like Bitcoin, Earth Dollar is backed by real natural capital assets such as land, water, or forests that have been offered as guarantee by indigenous peoples and other landowners.
Indigenous nations have already pledged approximately 18,000,000 hectares of land, which will be protected as World Heritage Sanctuaries, to back the value of the Earth Dollar. Early partners include the Anishanbe (Algonquin) Nation of the Ottawa River Watershed, Aiken Lake Nation, Tsek’ehne Nation, and the Kingdom of Polynesia.
Kam’s innovation means that every Earth Dollar that is created essentially shifts part of the natural world out of the old extraction economy and into the new sustainable economy, where the value of the currency increases in real terms when the Earth’s treasures and resources are safeguarded.
A mechanism called “World Basic Income” will provide additional revenue in Earth Dollars to communities In return for protecting and sustaining the living world, helping to tackle the effects of poverty in many of the world’s most sensitive regions of natural beauty.
In addition to massive areas of the…