The Rainforest Foundation has announced that it will utilize a new digital currency to help support its global forest protection efforts.
Called BitSeeds, the digital currency will be used to help fund the Rainforest Foundation as it supports the global cause. The organization was founded in 1989 by singer-songwriter Sting and his wife with the goal of preserving natural habitats in the Amazon River region.
BitSeeds will use a mixture of proof-of-work and proof-of-stake, with 100 million coins premined and set aside in a multisignature wallet that will generate quarterly interest. A non-profit organization called the BitSeeds Foundation, which is currently being registered in the state of Nevada, will hold custody of the funds, with the Rainforest Foundation acting as one of the keyholders for that wallet.
SOURCE: http://www.coindesk.com/rainforest-foundation-digital-currency-save-rainforests/
Topic: Rainforest Foundation to Support New Digital Currency in Environmental Protectio (Read 322 times)
April 18, 2015, 08:12:13 AM
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