Now, I think we just started to form it. There are two questions from my side. Did you have something? Mike,
no,
is Sam? Sam was out of office. Do you know if he's back? There's some independent conversations I have with him.
I'm not sure. Okay, cool. It's James, I sent in the in this chat here, so no good
time. Perfect. Thank you.
Thanks. Cau,
Hey, Max, Hey, James, hi, Jumo, I'm doing some coffee for me.
So my suggestions to for the discussion is first, REGEN as an ecological currency. What does it mean? And the second is, our group is almost two years I was curious, what's the best way we could celebrate that? Do you have any other topics?
We me, anybody?
Yeah, I would like to to align kind of, how could we bring together a strategy for REGEN heal projects and also maybe Greenpeace Brazil as a whole, but REGEN you would be the pilot I mentioned before, but we have the some professional agologists and different professionals from different areas, university groups and and I think this could Be an opportunity to start working on like on Cyto network, they can create commitments. And this could be one of the commitments we were discussing, is the there is different activities we could do as a group and prototype, for example, a feedback loop of certification and data input, and this could be part of the commitments they they can create there. Yeah, this is the type of alignment I was hoping to have
nice added to the agenda. Anything else? Guys? I
uh, so then, why don't we start with you Cau and then my questions? Okay, sure.
Basically, we have a system there of two pools where in one pool, we will have all the commitments, and we will have different things there. So every project will have their token, and they will exchange the token. It's like a party. When you go to a party there is like a card when you put some credit to spend on the the stores and the places. So the sarafu works like that in the system we are designing. So in one pool we have the coming and go of capital, financial capital, and in another pool, the value is flowing between all the participants. Basically, that's, that's the main idea. In one pool, we are gathering fees. The liquidity pool, you are collecting fees. So we, right now, we cannot create like different fees for entry, in and out. But this is already like something we can do collect the fees of everyone who is removing their capital in this liquidity pool. We can also have different assets. So we pretend our intention is to have like a value token there could collateralize with stables and other assets. And I think REGEN could be part of these assets. And we could, yeah, we could, I don't know if on the liquidity pool, but I think we could have a program where they can access credit more credit because they have REGEN for doing activities, and they have like reputation because of that, they can access a lending program, for example, for different purpose. But this is kind of the overview.
So how do we support you? Yeah, you have a request for us.
Yeah, so I would like to ask if understand, if the proposal you made, if we can support this anyway, we would like to be one of the projects you are looking to pilot the Co Op, bioregional Co Op bank. And I think this would be the way we are planning to to execute and another side, we also have the activities on the data and REGEN registry, where I think this could be complementary and could also be extended to recruitment zero.
Yeah, I'm really looking forward to work with you on that. I guess last time we spoke, it was about maybe structuring as a one pager or something, maybe as a forum post. I can review it before or after with you, though I like some links, like when you speak about those pools, can you link to the existing pools or, like, some other useful links? So it shouldn't be fancy, but maybe you could do the first minimum draft of of the proposal.
I'm going to work on that today, and I send to you.
Thinks about Max. Yeah, you too. Hey, Soto, I see you on the road. If you would have any questions or suggestions, please let us know. So yeah,
just a quick one, actually, something I've been trying to answer for myself. What is the relationship between this group and the REGEN Commons initiative? I understand that. I guess the differences one is about sort of making the REGEN IP common movement, and creating some type of aligned coalition, and then you guys have specifically as a working group In working towards, you know, driving certain liquidities and tokenization and and cross chain tooling. But is there any explicit relationship between the two, the two different groups?
Well, the REGEN common is like in the building. You're right in the sense that it's mostly it started with the idea of IP protection, or like, some REGEN mark, like trademark, or some mark, and there is now foundational stage of it. So there's like meetings every week to understand how it should work, and then come to the world with like, clear structure. There is already a website, but yeah, mostly it's like in the foundation. Well, our working group exists for two years as it was created on par with like builder Dao marketing Dao in the REGEN ecosystem because of specific role foundation and R D place they wanted to have, like another pillar that would be just focused on the REGEN token as a subject of care. Does it help? Or maybe I should go deeper on something? No,
that's helpful. I was just looking for official overlaps, but I suppose there aren't any explicit ones, at least as of right now.
So there is some, of course, shared interest in that. But again, like the this, it's in other stages, like the REGEN Commons, and we try to collaborate, to find how we could participate better in that. Okay, now to the topic of the region as the echo currency. So that was brought, I think, by Brandon on some call that the region is like an ecological currency. But I wanted to discuss with you in which way we like, why we can call REGEN eco currency. Or what do we mean by that? Anybody thought about it?
I think it should place some contracts to the unecological currency. So like, maybe, like, there is a good, like, glow dollar, which is like a more ecological stable coin. But I am not sure if, like, there is an anticipation that ecological credits would be bought with REGEN. But if regions gonna grow very high, then it doesn't make sense. If it's gonna fluctuate in price. It it's also like affecting everybody significantly. So, yeah, just what do you think about what is ecological currency?
Yeah, that's a great question I'm thinking about in my perspective, I perceive that today we we want to the token to go up because we accumulate, but if we like, if we value like, if distribution efficient, distribution is what, what will provide you, status quo, for example, or access, this could be disrupted, you know, the accumulation behavior. So we wouldn't need the price to go up. We would need the price, the value, to become with the who holds the token, who is part of the the dynamic. So this, yeah, this, this paradox between accumulation and distribution. I think this is the way we are doing.
So what is the role then of the currency when there is no need for accumulation? Is it like, more of the like, it's easier to for exchange? Or,
yeah, I think it is make easier to exchange. So we don't need you don't need to, like, you make a deal, and you don't need to have everything you need, like, right away for to prove or or make the deal happen, or something like that. So, yeah, I think this is what would be one of the functions.
Mm, and I guess it's not in the purely technical sense, because every crypto you know, more or less is easy to exchange. In some sense, our is even a bit harder to exchange because it's more on cosmos. But then it potentially should be easier in the sense of, Oh, I already have region so I can use the loan collateralized under REGEN or something like that, right?
Sorry, my internet rugged me, I didn't hurt you Max, sorry. Yeah,
so I meant, like, it's if it should be a nice vehicle for exchange, you know, like, then it's not so much technical. It's like, has blockchain advantages. But like, as any other, you know, token related to work quality in a way or not. But it can be better for exchange if I already have it, right? So I don't even need to buy it because I received it. I don't know, maybe, like in my village, like there was some program that kind of staked some, I don't know, REGEN or whatever. So it's, I'm just looking for the ways in which way it should be a superb exchange vehicle, because, like, it's like, how it should compare to usdt, for example, or UCC, how it could win.
Yeah, maybe if we compare to USD usdt, for example, we would be making the same assumption the market does like, which is kind of the traditional market this, which is value, is the price. So I think that's the maybe the token could represent something bigger and be very efficient in showing this, this bigger. You know, this creates the potential for for people to believe in a different system.
Okay, I
don't know if I was precise exactly what you were talking but this is what came like, whether what came to me, sure,
any other thoughts on ecological currency?
Okay, this
just not to repeat the obvious here, you know, unlike certain commodities, like carbon. Ecology is not fungible. It's more complex. So I think ecology is less about a currency in my perspective, and more about a store of value. And I think it can be underwritten by stables, and stables, I think just as a currency play a better role, but as a store of value, ecology does make sense. The question is, how is that value invested, and what is the value creation or realization in the long run? To me, the model that best resembles this is sort of your typical index fund or ATF type of structures. And so if there is a relationship between a REGEN token and corresponding a sort of ecological or environmental or climatic asset classes that I think that is absolutely the place to pursue and and the role that REGEN could play as a whole, I think even Gregory alludes to this concept of a basket often. So, yeah, I'll stop here, because this can can be expanded significantly, but yeah, it is a very interesting discussion. That's why I'm here. And I hope one day we are kind of talking about the inner web so of that?
Yeah, I have been studying like an index called Network, shared value. It's thinking about, how could this be translated in real life? Because I think this would be like a combination of sense making and people participating on the decisions. So this would require a kind of a setup that we don't have right now, and I think this is the foundation. We are in the phase to build this foundation, and daodao, for example, is already something that can be very, very efficient on that and help projects to build this foundation. But this is too there is another barrier, which is the fragmentation. So if this coordination effort doesn't align in a higher level like climate or biodiversity, for example, I think that's the challenge here. But the biodiversity for me, like trying to bring the multi functionality of biodiversity and be like tools, like tricky PJ, where you can really understand species and bring them to the contest and create an apt to like, I remember that part of the project was to create an aptitude score for the region, so this could be the path, you know, trying to bring biodiversity to this, the multi personality, you know, because could be food, could be material for buildings, could be medicine, different things, but we don't have most times the trust we need to build these until We can gather for example. So that's the gap.
Okay?
Just to mention what Djimo said on this, the star value, star of value, I think, yeah, this is what I think there's word I was looking for, is having this kind of work as a start of value, this would be more, yeah, an ecological currency. But I think stables can play a better role right now, because, yeah, we, we live in the the world where, like, the capital already dominates, right? So you and we are in a transitional phase.
Yeah. I was also thinking about the either backed by stables or echo credits. While stables is more clear, like the echo credits is maybe something for the future. If we would have a market with some liquidity on the echo credits, should we move on? Then I forgot another topic, but it's more like an analysis. Announcement. So I've made my first voting in daodao. It was mostly easy. I ran into like small thing, but it was easy to solve, and I'm happy that it it's still time on the clock, but it seems to pass because the I was mostly suspicious about the turnout, but it's already like 44% almost of 40 minimum. And I guess the foundation is abstain always, but everybody else is supportive. It's about the fixed cap dynamic supply here in the chat, so we will see like till the end of the week. But yeah, it seems like it's going well, and we will look more into that. And final question then is, yeah, I think around September, October, I could check more specific, like precise, but there would be, like, two years of this working group. I'm not sure if it's a custom, but do you feel that it might require some celebration, and what it might be
I haven't been thinking much about it. I guess it might start from like range, from just having one of the calls for informal conversations or maybe a game, or maybe send small gifts like T shirts or to members who like participate the most, or something like that. Have you seen any like
it is an open open question. Or if it's directed to someone,
it's open question for discussion, yeah,
yeah, the devq made a celebration when we did one year and two years too. So yeah, I think yeah, definitely worth to celebrate.
What do you think we should do?
I think could be a celebration that involves the whole community, you know, like an aggregation like hey the I think this could be a way to bring people from the ecosystem ecosystem to the group, and at least they will be informed about the group and what the group is doing, the working group is doing, and could be like a call, Hey, we are celebrating two years, and you're free to join. We will have some some some gifts and a trivia or something like that, where we talk about REGEN history, where everyone is invited to talk about like things that happened in the past. And this is a way for newcomers to learn, and also a way for people that are already on the ecosystem for some time to remember. And yeah, be nostalgic.
What's the thing makes sense? Just
yeah, I like it. I like it, especially you spoke about history, which is important. I also thought about legacy. I was speaking with some was one of our investors who spoke about like I asked him about his legacy he's living, and he was really eager to speak about that, for example. And yeah, it's a long journey. You know, it's like two years for the REGEN Tokenomics, but for the REGEN network, it's seven or eight years now, even before blockchain. So, yeah, it's really interesting.
Maybe we can focus, like the the questions for the working group, but this could be already, yeah, maybe a signal for a bigger event for the region as a whole. Not, right,
right, right. Any other thoughts
today? It seems like a smaller meeting. Should we? Should we speak about anything else, or should I just close here?
It seems the latter, right? Well, thank you, friends for ideas and support. I found some good ideas in what we discussed, and wish you a pleasant
week. Bye guys. Yeah,
thank you, thank you all. I'm gonna send you the proposal today, Max, working this with the community already. And, yeah, thanks for the talk.
