Hardwood Ecosystem Purpose

The Solution

Hardwood is a cryptocurrency tied to the market value of wood. The wood that backs this cryptocurrency is kept safe by private landowners on their property. After a sustainable lockup period (for example 20 years) this cryptocurrency can be redeemed for the wood that the private landowners have kept safe. By only allowing sustainable redemption there is decreased supply that enters the marketplace. With this decreased supply and an increased (due to growing population) or stable demand, there is an increase in the value of Hardwood cryptocurrency. When a person buys or sells Hardwood, there is a tax that is collected. This tax goes to incentivize the private landowners to increase and maintain the native ecosystems present on their land. These incentives are distributed each year to the landowners through cryptocurrency debit cards (mastercard/ visa), skipping any intermediaries and allowing landowners to directly receive their reward.