Trader-san

🌸 Aloha all - Thank you for your patience, here’s an update: As of this posting, the creator payout has topped $100,000. In a bit, I will be migrating the SOL to a dedicated hardware wallet for corporate funds only, and then to a fiat bank account. I will record all of this in a public document and also the crypto parts will obviously be on the blockchain. Here’s Where We’re At: As I mentioned, I talked to the team about this today. And oh boy, did people not understand. Most normal people still don’t really know crypto. And to them crypto is bitcoin. Maybe they’ve heard of ethereum. So you first have to know those, and then you have to know about Solana. And then about https://t.co/AIULrYUvJi, and then this coin. So basically nobody understood. To normal people, “crypto = scam.” Terraformation is a technology company, but we’re actually a technology company that straddles high-tech and low-tech, so we have people across the entire spectrum. And finally, for many of the people who do know about crypto, any new memecoin with a lot of promotional energy is a pump-and-dump scheme. So there was a lot of total confusion and then quite a bit of suspicion. However, you guys just handed us $100k+, and when someone does that and tells you they support your tree-planting efforts, you damn well go and plant the trees. So that’s what we’re going to do. About the Trees The all-in lifetime cost of a tree is $25/tree. So for a total of $100k, that’s 4,000 trees. A common question is, “What?? I thought it was like a dollar or something!” Well, that’s one of the major issues plaguing the entire global reforestation movement. Around 5-10 years ago, there were a bunch of organizations that advertised heavily “$1 per tree!” and it was very popular. A lot of companies felt they could just pay some easy money and greenwash their emissions and never worry about climate again. The reality though, is that $1 is roughly the cost it takes for a person to walk out into a field and drop a tree into a hole. These programs (including heavily promoted events) would rely on other corporate donations or philanthropies or government subsidies to cover all of the other costs, asking only $1/tree from the public or their last-mile donors. Those projects failed very often, and it’s where you get all those follow-up reports where someone went back a year later and found that like 98% of the trees were dead - because they weren’t really well-prepared, or even planted well, and they weren’t looked after. The “$1/tree” price tag doesn’t cover the cost of land preparation, fencing (animals will often eat young saplings), seed collection and banking, nursery infrastructure and operations, forest maintenance, monitoring, and of course the planting. This is the all-in lifetime cost of what it takes to start from seed, grow, nurture, and plant the tree, and care for it until it reaches maturity and becomes part of a thriving native forest ecosystem - which is the real carbon sink that (once it reaches maturity) becomes a resilient and perpetual system that can sustain itself forever. Because a well-grown, well-protected forest can last forever, trees really are a great investment, but the upfront investment cost is just higher than most people have been [mis]led to believe. This was, of course, one of the unpleasant realities that Terraformation discovered when we first undertook our mission to reforest the world. We did not ask for subsidies or help from anyone. We used our own money and started from the beginning. And it turns out that the all-in lifetime cost of planting a tree is $25/tree. We don’t make a profit on it, and any profit we’d make we would just cycle back into… more trees. We are aiming to reforest the world. What you are paying for is the lifetime endowment of a tree. It's like a trust fund for the tree, and the guarantee that the tree will have everything it needs until it reaches maturity. Once it does, the tree and its forest will be there for you, your children, and your grandchildren. Do We Get Pictures? Can We Visit The Tree? We will provide photos! We will actually provide newsletter updates detailing our activities and then photos starting with the seedlings and then more photos as the trees grow. Terraformation is also a technology company, so we’ll actually provide more and better evidence of the trees we plant than anyone else (that we know of). We currently also have a photogrammetry solution that should be ready to go by the time the trees are planted, so you’ll also get a 3D reconstruction of the young forest that you can fly around in. Just to set expectations correctly: tree-planting isn’t like ordering from Amazon. The product isn’t “delivered” in a day. We’ll be able to start the seedlings in the nursery almost right away, but it will be months before they are ready to go into the field, and most planting is clustered around the rainy season. It will be up to 2 years before we have photos of the actual trees available, although we’ll have photos of nursery operations and small saplings in the meantime. When it comes to visiting, the location of the young forest will be known, but we ask that you not visit the forest (yet). This is just because hundreds of people walking around really small trees would be a major risk. However, in a few years they’ll be mature enough that you’ll be able to visit, and in the decades to come you will be able to show the great forest that you helped plant to your children and grandchildren. You probably weren’t thinking about this when you aped into this whole thing, but this is your legacy. Okay, Now We Need To Talk About Coins To most people not in the crypto space (and also many in the crypto space), crypto is just scams. Every so often on X someone will tag me in order to try and shill some coin. Since I don’t really engage in crypto, there’s no reason for it to ever come up in an organic discussion so it’s always scammy. With the confirmed and very real creator payouts sent to us, we are going to direct the entirety of the payout funds to planting trees, so there are going to be real-world results from all of this. Your legacy, as I’ve said - and for a bunch of strangers on the internet to come together to donate over $100k to plant trees for the planet is an amazing achievement. Thank you all :) Having said that, I’ve also looked into the supply and distribution of $TERRA. It turns out that one cluster of 43 addresses happens to hold about 8.34% (as of the time I’m writing this - earlier today it was ~10%) of the total supply of $Terra. Normally, 8.34% wouldn’t be a worrisome percentage, but the Meteora Pool (the place where people can trade it) only holds 1.46%. This means the “whale cluster” at 8.34% is over 5x bigger than the liquidity pool. For any newcomers, if this cluster decided to sell, it could drain 100% of the liquidity instantly, crashing the price of $TERRA to near zero and still have tokens left over. This means that $TERRA has the potential characteristics of a slow rugpull, if insiders simply decide to sell off, and anyone who gets involved should be aware of this risk. If you want to examine the cluster and supply characteristics I’m referring to, go to BubbleMaps and look up the address for $Terra: BBSAW49Sru7jiSajWVKTSWs39psrjjHbMMtWGWTJBAGS In crypto, coins and scams come and go. In this case, there’s something that will last: since the creator payout is finalized, the trees will be planted. So trees are going to happen, but probably not Lambos. There is the possibility that people will lose their money if it’s a rugpull (or a dump, to be precise), and if that happens, then I’ll tell you right now: those trees will forever be cursed. No, Terraformation won’t do anything to them. We’re like doctors: we don’t decide not to heal someone just because they are a bad person - we will plant and care for the trees as we would any other to the best of our ability. But there are certain things always out of everyone’s control, a sort of weird randomness that results from nature or spiritual forces - and if those trees we together have all planted today are cursed, many will wither and die and never see full maturity, and the great forests they could become will not be there for your grandchildren. The origin of things matters. These trees have a unique origin, in how they came to be funded. This community decides exactly how its destiny will unfold. Impersonators Because we’re an offline real-world company too, my team pointed out that we do need to think about things like trademark. This project happens to be using Terraformation’s trademark without any explicit licensing. Now with DeFi, there’s not always someone who’s in control of that stuff once it’s created so when it comes to the stuff on IPFS, maybe that can’t be changed. Along with that, there are various places saying “We are Terraformation…” that aren’t actually written by Terraformation, and that could be a problem down the road. I’m not super worried about this, because it feels like we got a good energy going on right now. What I am concerned about though is that there are already several impersonator coins also using our trademark that are explicitly not trying to benefit either Terraformation or the cause of global reforestation. They are minor and so the scale is small for now, but it’s also something I don’t know how to solve. Maybe someone can help. Thus, because I need to be responsible (for trees and people), a few disclaimers: We can only endorse the contract address (listed above) as being authentic, but I cannot say anything about token economics for $TERRA. Terraformation (the company) did not create the token and we do not manage it, and we’re not encouraging any trading. Having discharged my corporate responsibilities, I will say again to everyone: thank you, and welcome to the movement to reforest the planet. We will see you again in the future! 🌳🌳🌏

157

460

140K