EarthFund platform update. January 2023.
Building on a hugely successful soft launch for an even better 2023
197 impact DAOs get started on the platform, 3000+ on the waitlist, and why we’re bullish for EarthFund in 2023.
👋 We’re EarthFund, the decentralized platform using blockchain, DAOs, and crypto to revolutionize the giving economy and give you more of a voice in the shape of tomorrow.
This is our January 2023 progress update reporting on everything from product progress to plans for the future.
Happy New Year, Earthlings 🌍
We hope you all had a great holiday break and a happy New Year!
Our team took a little time to unwind after an incredibly busy and successful year, and now we’re back to keep pushing in 2023.
New to EarthFund? Want to see everything we achieved last year? 👇
In December alone, despite the fact we’re still working on a few tweaks and updates to the platform, we had 197 organizations and individuals begin setting up their impact DAOs on the EarthFund platform.
We’ll let them launch and make their own noise, but as a little sneak preview, there are DAOs getting set up to fund projects around:
🌍 Child poverty around the world
🌍 Research into the potential medicinal uses of snake venom
🌍 Saving and protecting endangered species
🌍 Getting medical equipment to impoverished communities
🌍 Tackling global gender inequality
🌍 Fighting the global homelessness crisis
🌍 Promoting and researching green and clean energy
🌍 Tackling the loss of biodiversity around the world
🌍 Reforestation around the world
🌍 Emergency relief for natural disasters
🌍 Promoting the education of women in the Middle East
🌍 Providing relief to warzones
Now, some of these DAOs might never launch and stay as drafts. That’s fine. When you’ve got a platform that makes it free and easy to launch a DAO, you’re going to get drop-offs and perma-drafts.
But we’re over the moon that in the first month of launching our full product, we’ve got a whole host of people all thinking about using EarthFund to launch impact DAOs that align with our mission of making the world a better place.
Just imagine where we’ll be by the end of 2023 if people keep creating DAOs on our platform for similar ideas.
Just imagine how much better the world will be if we have hundreds — even thousands — of communities dedicated to finding and funding projects that make the world a better place.
This has always been the vision for EarthFund: a home of DAOs making the world a better, healthier, greener, and more equitable place for everyone.
And because we made sure it’s all incredibly easy to do, there’s no barrier to entry.
You don’t need to understand the ins and outs of minting a token or creating a DAO, you just need the will to make the world a better place and the drive to gather a community of dedicated people. EarthFund handles everything else.
That’s why we’re so bullish about the EarthFund platform as we head into 2023.
Well, that and a few more reasons…
(A quick note on fundraising: we’re still looking for investors, but due to the bear market, we’re not rushing. We think we’ll have a better chance to raise the funds we want to grow the platform when the market bounces back. In the meantime, we’re polishing our pitch deck, taking introductory calls, and making in-roads to make sure we find the right partner at the right time to send this project to the moon.)
Why we’re bullish for EarthFund in 2023 🚀
1. Anyone can now launch an impact DAO in 60 seconds
We all know that DAOs have the potential to revolutionize the way that we address global problems.
Decentralized decision-making, global communities, crypto-crowdfunding… these are all things that can make a huge difference not just to the way we work together to change the world, but to projects on the ground that need funds to make a difference.
On top of that, impact DAOs solve a ton of day-to-day problems that non-profits, impact groups, and individuals face when they want to make a difference with old technology and out-of-date ideas around doing good.
But setting up a DAO has always been complex and intimidating for new users. That’s why we brought everything together under one roof.
Now, in just 60 seconds, world-changers of all kinds — from big non-profits to individuals who want to make an impact — can get set up with:
- A DAO with automatically created Snapshot
- Your own ERC-20 token with its own smart contract
- Your own smart contract that automatically processes grants, votes and rewards
- Your own ENS domain and EarthFund domain
- A multi-sig wallet from Safe (previously Gnosis Safe)
- Coinshift treasury management
- A crypto donation widget that converts donations to USDT and adds it directly to your grant wallet to protect against market fluctuations
- Customizable tokenomics to reward your members
- Smooth onboarding and offboarding for DAO members and co-founders
- KYC processes to grow a community safe from scammers
- Token limits to prevent whales from influencing votes and claiming all the rewards
- An automatic rewards process that rewards users in USDT
- A listing on the EarthFund ecosystem and discovery page alongside DAOs from Deepak Chopra and Megan Pormer
- Promotion from EarthFund on Twitter (with lots of blue-tick followers, like Mark Cuban and Ashton Kutcher) and in our press coverage
- Your own private Discord channel on the EarthFund server that’s reserved for your token holders and DAO members
- Your own no-code landing page with Unsplash integration for images
- A quick and easy way to list your token on CoinMarketCap and Etherscan
- A quick and easy way to add team members as multi-sig signatories
Earn from participation, not speculation 🙌
After the FTX scandal and a year of negative press surrounding the crypto space, there’s lots of chatter and talk about regulations to protect investors and stabilize the markets.
For EarthFund, a crypto-native platform that mints cryptocurrencies and launches DAOs, the last thing we want is a platform that scares new users away because of the bad press, legislation, or fear of losing money.
So we’ve created a system where you get rewarded for participation, not speculation.
In other words, anybody can join a DAO and earn for making the world a better place, without having to worry about the token price, pump and dumps, or when to cash out or HODL.
When you buy the tokens, your USDT goes into the DAO’s organizational treasury to be used for running the DAO. (This can be used for things like social media campaigns, hiring staff, promoting the DAO, growing the DAO, appearing on podcasts, etc…)
NOTE: this treasury is separate from the grant escrow treasury, which holds all donations for projects and is controlled by the community vote. The DAO organizational treasury is controlled by DAO multi-sig signers to use for anything they see fit. This is why it’s important to trust the team behind the DAOs you join.
Once you’ve bought in, you’ll then have these tokens in perpetuity and lifetime access to the community rewards (more on that later). Of course, if you want to sell them and leave a DAO, you could use a DEX or exchange. But — for legislative reasons — we won’t be part of that process.
But we also knew that people don’t just get into crypto for the love of the planet or the cool tech, but to make some money too.
That’s why whenever a DAO you’re part of funds a project, you get a pro-rata share of the community reward that’s fundraised on top of the grant amount.
So, for example, if the grant is for 30,000 and the community rewards are set at 7% by the DAO founders, then there would be $2,100 split between the members of the DAO.
And every time the DAO funds another project, you earn more and more.
It’s not speculation. It’s rewards for participation.
And we think that’s going to have huge market fit with new users and old hands alike who are a little cautious about crypto during this winter period (and beyond).
After all, who wouldn’t want to make the world a better place and get rewarded?
Safer Web3 for newbies and crypto heads alike
Regulation wasn’t the only knock-on effect of crypto’s turbulent 2022: the FTX scandal also made the world at large take note of the idea of safety in the Web3 space.
Luckily, we’re ahead of the curve on this one.
From Day One, we’ve always been about making sure that every DAO on our platform is a safe space for people to come and make the world a better place, free from worries about scammers, do-badders, and other nefarious individuals.
(Trust us, we’ve seen more than our fair share of clever scammers and bad actors in the last 12 months.)
That’s why every community has built-in safety measures to keep everybody safe:
🌍 Private KYC to ensure that one real person is behind each wallet → our partnership with Sumsub lets you verify your identity without showing any identifiable information on the front-end. This ensures that every community is full of real people, deters scammers and stops bots from gaming the system, manipulating votes, and taking all of the rewards.
🌍 Multi-sig controlled operations treasuries → partnering with Coinshift, we’ve made sure all DAO treasuries can only transfer funds out based on the consensus of multiple members of the DAO leadership team.
🌍 Smart contract-controlled grant escrow treasuries → nobody can ever access the money stored in the thin wallet of the smart contract that sends grants to projects. In effect, this is like an escrow, holding the funds and rewards for all the approved projects in the queue and then automatically paying out the grants and rewards when the funds are available.
🌍 Token caps to whale-proof communities → To change the world, we need lots of voices all chiming in on issues. That can’t happen if two people come in, buy all the tokens and whale every vote. So we implemented token caps that — when paired up with the one wallet/one user approach implemented by the KYC — makes sure that every vote is democratic and fair.
🌍 Private, members-only Discord channels → talk about projects, changing the world and running your DAO in a private Discord channel full of verified DAO members. No scammers, no bad actors, just real people making change happen.
🌍 Everything vetted by EarthFund DAO → See a DAO that doesn’t meet our community standards? A user being a bad actor? Something that isn’t right? Report it to the EarthFund DAO and they can remove DAOs, blacklist users across the platform (thanks to the KYC) and make sure EarthFund is a safe space for everyone.
Big plans to make EarthFund even more usable and accessible
On top of that, we’ve got some big plans for the next 12 months to make EarthFund even more accessible and easy-to-use.
These are still in the scoping phase at the moment and some of them are going to take a lot of innovation to get right, but we wanted to share a little bit more of our vision for a Web3 platform that really has the potential to cross over into the mainstream.
Check it out 👇
How can you help? Help us spread the word
- Leave a positive comment on KuCoin’s new comment functionality
- Follow us on Twitter and give our posts a like/retweet → this would be huge for us. Our Twitter profile is key to spreading the word beyond crypto and into the kind of spaces where future DAO members (and maybe even founders) hang out.
- Join our Telegram community (if you’re not a member already)
- Talk about EarthFund in EarthFund-adjacent spaces (maybe mental health communities or carbon/climate change communities on Twitter)
- Tweet about EarthFund or interact with us on social media (got to feed those social media algorithms!)
- Ask us questions — we’re always available to answer questions in Telegram. (And if our community team doesn’t have the answers, we’ll get them for you.)
- Leave a positive comment and bullish rating on CoinMarketCap
- Like 1Earth on CoinGecko
Until next week, a massive thanks for being part of this journey with us!
Let’s build a better tomorrow, together.
New to EarthFund? Here’s everything you need to know 👇
Start a world-changing DAO with its own token.
Join a community of like-minded people.
Donate crypto to change the world.
All from one place.
EarthFund takes the power of centralized organizations like governments and global charities and gives it to communities dedicated to causes.
It allows everyday people like you to affect change. And using crypto and the blockchain, it lets you have a voice in decisions and fund the causes you believe in.
Powering it all is the 1Earth token, an ERC-20 token that can be staked in exchange for governance tokens that give you a voice on the platform.
By buying the token and joining the EarthFund DAO, anybody in the world will have a vote on how the EarthFund treasury is used to fund planet-saving projects around the world.
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