Forestcoin vs Gen E: Earth Philanthropy Usage & Stats
Forestcoin is a cryptocurrency where the coins are created by planting trees.
Forestcoin users are issued coins for planting a tree and documenting it via the Forestcoin mobile app.
The tree planting is verified through a crowdsourced approval process where it is examined by other Forestcoin users via photos (the hole, the planted tree and an optional selfie), the time between the photos, GPS location of each photo, the distance between the photos, the camera compass orientation and user history. After three crowdsourced approvals, and final approval from Forestcoin administration, the Forestcoin s are minted and issued to the user.
Forestcoin is intended as a transactional coin for use as payment and transfer of funds. It’s high transaction speed, low energy architecture, and coin reward formula incentivizes the running of the blockchain nodes in the peer to peer network without the need to charge users transaction fees for sending and receiving Forestcoin.
Forestcoin has all of the attributes of major successful cryptocurrencies. It has a limited supply and the coin reward is lowered as more trees are planted. Forestcoin has the goal of planting one tree for every person on the planet, and with this target in mind the maximum number of Forestcoin s that will ever be created is one Forestcoin for every person on Earth.
Forestcoin aims to be the cryptocurrency that wins the hearts and minds of millions of people. It aims to monetize the planting of trees. It is an environmentally friendly way of paying for goods and services because all coins have been created through the planting of a tree.
“One tree for every person. One Forestcoin for every tree.”
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Seamlessly round up the change on your purchases and donate to vetted environmental nonprofits. Gen E is the simple, tax deductible way to ease your eco-anxiety and support your best life on Earth.
ENVIRONMENTAL ACTION WITH EVERY TRANSACTION:
Automatically round up the change or donate a percent of everyday purchases to support environmental nonprofits fighting climate change, biodiversity loss, and plastic waste. Since it's nearly impossible to avoid the negative environmental impacts of daily consumer habits, Gen E allows you to easily step up and give back to the planet with every swipe.
SET IT & (DON’T) FORGET IT:
Choose how much to give and which nonprofits to support. That’s it - Gen E takes care of the rest while you go on living your best climate-friendly life.
MAXIMIZE YOUR IMPACT:
Feeling proactive? Step it up with Spot Impacts like planting trees, or make one-off donations to individual nonprofits with Spot Donations.
PHILANTHROPY DASHBOARD:
Just as with your other finances, you deserve to seamlessly track and manage your philanthropic activity over time . View your portfolio impact by the numbers and bask in the glory of your awesome contributions to the planet.
ANNUAL TAX STATEMENT:
To make tax-time easier, we store all your donation receipts and provide an annual statement for tax deductions. No more frantic inbox searches at year end.
VETTED NONPROFITS:
We’ve done the heavy lifting by narrowing down a list of nonprofits doing the most impactful work across the spectrum of environmental and climate change issues. Search by cause and add your faves to your portfolio so you can automatically support them.
GET SOCIAL:
The Community Actions social feed shows you all the positive climate action happening now. We’re in this together as a community of like-minded climate heroes rising up to protect our planet. #WeAreAllGenE
PRIVACY & SECURITY:
Donating via Gen E gives you privacy from solicitation. And we partner with industry-leading partners to ensure your data and payments are always safe and secure.
SET UP IN MINUTES:
Download the app, create your Gen E account, and complete two quick steps to activate your purchase-driven micro-philanthropy:
Add a Funding Source - Add a credit or debit card to pay for your philanthropy. We’ll charge this card once a month with your total micro-philanthropy. We partner with Stripe to securely process these donation payments.
Link a Purchase Tracker - Choose the account you use for everyday purchases. Linking this account pulls in your purchases so we can do the math and calculate your micro-philanthropy per purchase. For this, we partner with Plaid, the leader in linking financial institutions to apps.
MICRO-PHILANTHROPY 101:
Every purchase you make on your linked Purchase Tracker will automatically trigger a micro-philanthropy pledge. You’ll see the purchase and associated pledge in your Transactions feed. Once a month, we charge your Funding Source with the total sum of your monthly micro-philanthropy pledges. Your donations are fully tax-deductible, and we keep track of your donation receipts. All this happens automatically so you can go on being you.
With Gen E, you’re part of a community stepping up to fund amazing environmental nonprofits making change at scale. Our cumulative impact will be epic.
Join Gen E and start saving the planet now.
Copyright © 2024 Generation Environment, PBC
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Forestcoin VS. 
Gen E: Earth PhilanthropyDecember 31, 2024