What's the point of "pinecoin"?
One of our goals is to increase the price of natural resources that markets aren't yet accounting for or undervalue.
Last night, our first trick-or-treater showed up with a plastic pumpkin already loaded with candy. He asked why there were pine cones with tags on them in with the candy that we were giving away. We said that it was a trick, and that he was welcome to take a pine cone, or one of the rolls of pennies we also had mixed into our candy cauldron. He took the pine cone.
I am sure I am missing something simple here: You have replaced mining with pine cone collection. Ok, that sounds kind of neat in a few differing ways. What happens to the pinecones that are mailed in? How is this helping a forest?
The hope is that this will enable property owners (residential, schools, camp grounds, corporate campuses, municipalities, land trusts, commercial forests, etc.) to monetize their trees without needing to cut them down or remove much biomass.
Since Maine is over 90% forested, the equation is different here than many other places. We collected our Initial Cone Offering from a tree next to our house, in a mixed-use zone of a city. It's less about helping forests per se, more about creating an incentive to plant and maintain trees beyond just aesthetics and lumber.
We're not quite at the point of selling our tokenized cones, and have yet to provide any free tokens to others who have collected verifiable cones. We hope to have updates on those fronts soon. Thanks for checking it out!
Either way a lot of effort went into this and good work to the developer!
