In Uzbekistan, income from tree sales has been tokenized
Date: 2024-11-25 Author: Oliver Abernathy Categories: IN WORLD
Uzbekistan has developed a platform based on the Polygon network, which uses the ERC-1155 standard for ERA tokens. Each token corresponds to the number of trees from one to 600, depending on the denomination. Investors are promised income based on the number of tokens purchased.
The minimum investment amount is $75. For each tree, according to the terms, the investor can expect $300 in income over a six-year period of its growth. Payments are made as the wood is processed and the products are sold. Web3Eco guarantees an annual return of 50%.
The plantations are located on an area of more than 230 hectares in the Fergana region. Paulownias are planted there - fast-growing trees that can reach six meters in height per year. In just five years, the trees will be ready for harvesting, Web3Eco representatives specify.
The company plans to plant 100,000 trees by the end of 2024, and another 380,000 in 2025. In the future, it plans to expand by 1,000 hectares in Spain and 10,000 hectares in Thailand. By 2031, Web3Eco expects to cover 100,000 hectares in various countries.
The project is being implemented within the framework of a crypto sandbox created in Uzbekistan. The National Agency for Prospective Projects (NAPP) recently issued a license to the Tashkent company Heemera to operate in a special legal regime. This company became the fifth participant in the crypto sandbox.
