NFTrees

The Brokoli Impact Credit system

Each NFTree is a carbon credit. Carbon credits today are traded in opaque markets, that few have access to. But Brokoli NFTree system changes that. NFTree holders can monetise the value of carbon credits by selling them to buyers who want them for their own proof of impact and to offset their CO2. We do this with our NFTree system - which represent carbon credit. We will introduce elements of Play-to-Earn by issuing digital trees as NFTs, enabling users to own and view their impact. NFTrees in the digital forest will function as a tradable asset, whereby users will be able to buy and sell their impact peer-to-peer or to a third party (companies, charities, NGOs, influencers).

Ways to receive NFTrees and build your forest:

1. Use our DEX, lending, investment platform, yield farming layer -> receive digital trees (based on climate fees collected from the use of those platforms);

2. Complete daily quests (e.g. reply to a tweet about Brokoli) -> receive digital trees (based on verified completion of tasks);

3. Refer a friend (Revolut referral model) -> Receive a share of trees your referred friend gets during the first month of the platform use;

4. If you're a verified influencer, share news about Brokoli on Instagram, TikTok, and other social media platforms -> receive digital trees on influencer-exclusive daily tasks

Brokoli aims to cover all of your DeFi needs via the Green DEX, dApps, Investments and other products. Thus, every time you use our products, your impact will automatically grow the digital NFT forest. The more you use our platform, the more your forest grows, the more climate-positive assets you hold.

The received digital trees will be loosely pegged to the value of real-world forests planted as part of our DAO vote on climate projects. After you receive digital trees and start growing your forest, you will be able to:

• Navigate forests of other users

• Grow your forest and compete on the real-time leaderboard

• Buy and sell digital forests from other users with $BRKL token

Digital forests are designed to become Brokoli Impact Credit - an alternative to widely used carbon credits, pegged with the real-world forests. Impact Credits will be available to purchase by corporates as a Corporate Social Responsibility standard. Navigating the digital forest world, users will be able to see the companies owning forests, generating a marketing effect for those that opt in for Brokoli's Impact Credits.

In the long run, we aim to create a digital world of forest owners: as more users and corporations join, our digital forest portfolio will grow alongside the real-world forest portfolio. This will allow us to loosely peg digital forest price with that of a real forest.

A similar initiative was started by American Youtubers MrBeast and Mark Rober, and was mostly supported by other youtubers, entrepreneurs and philanthropists. Team Trees, also known as #teamtrees, is a collaborative fundraiser that raised $20 million before 2020 to plant 20 million trees.

However, minting NFTs to commemorate planted trees would be counterproductive as NFTs also produce a major carbon footprint. Memo Akten made headlines exposing the energy inefficiency and environmental footprint of NFTs or Crypto Art. This single NFT’s footprint is equivalent to a EU resident’s total electric power consumption for more than a month, with emissions equivalent to driving for 1000 km, or flying for 2 hours. Therefore, instead of minting on-chain NFTs, Brokoli will use Immutable X to mint NFTs with a Layer 2 solution - this will minimize the environmental footprint of such NFTs to basically non-existent pollution levels.