X -AMA Let’s start with your and your team's introduction! What are your past experiences and roles? How many members currently work on Reverse ? 17:02 Hey Polygon peeps, I'm Stefan from the Reverse Token Project. I co founded the project and handle Product & sutainability (which is a huge aspect of the project) 17:02 Stefan My background is in trad. Finance, specifically FOREX. I was introduced to the world of crypto back in 2015, when a local bar in my home country started accepting bitcoin payments. A colleague of mine at the time invited me to join a bitcoin ‘study’ group and away I went into the rabbit hole. edited17:03 Stefan In relation to the token’s environmental element, my family was very involved growing up, so I was made aware from an early age. I have several family members that work in the enviro space (2x marine scientists & my dad handles environmental protection for the small country I grew up in). 17:03 The team is made up of 4 ‘official’ team members at this stage, with 3 advisors. But the token is designed to involve the community in its growth and development. With time we aim to evolve into a DAO, but we need to educate the most passionate members and lay the foundation for the token first. 17:04 One of our main advisors is head of global sales for Chainlink 17:05 Wow nice! Out of curiosity, why did you choose this name? Is there any backup story? So the idea came out of reverse…climate change, in the sense that we are acting as an intermediary during the complex transition to 100% renewable energy. The way we see it, we don’t want to come out in 2050 and then be trying to figure out how to reverse the damage done to the planet (which will likely escalate without intervention). We want it to be in a state where it’s already healing. It isn’t just about removing carbon, it’s doing it intelligently. 17:09 Stefan Things like, how does what we’re doing actually ‘help’. How are we affecting biodiversity, are we future proofing projects - educating & involving the local communities so that they will protect and steward what we cultivate. 17:10 Brilliant explanation. It’s nice to see why projects choose determinate names, sometimes you can already see a project that has been studied for months before the launch from these details. KEY QUESTION: Please introduce us Reverse! Tell us about how your project came into being. Why was it necessary? I started working in the crypto space with AGA Token, a decentralized bitcoin mining protocol, and joined the team to bring the project to calculate and improve sustainability… After working on those goals and speaking with various agencies, we saw a gap in the industry and asked, what would encourage more people to do the right thing? 17:13 Stefan We came to the conclusion that if we incentivized doing good, and developed a plan to improve total positive impact per dollar spend by investing in innovative projects that had roadmaps to increased impact and decreased cost at scale, we potentially has something that could really help in the fight against climate change. 17:14 And so RVRS (Reverse) was born out of that. edited17:14 The difference between you and many others is simple 17:16 We get in contact with multiple projects that they are “ environment/charity/etc” but they don’t have advisors and a roadmap as yours 17:17 Yes, we asked how can we get people to do more, and I think it starts with rewarding them. It's very simple, but it allows companies that want to think about their footprint to do it in a variety of ways, and we help with that. 17:17 Stefan The companies we are currently onboarding are using RVRS in a variety of creative ways to offset their unavoidable emissions. And that's been really fun. 17:18 Stefan Can you please give to our audience some name about them? Some of them will actually be achieving neutral status without any 'permanent cost' rather a deposit. We just confirmed a partnership with Crystl Finance this week, and we are working on onboarding a handful of companies from outside the crypto space. We are also working with 2 exchanges to build RVRS purchases into every txn, to continually offset accurately no matter their growth. 17:20 Stefan Transparency and accuracy are incredibly important in this industry, and that's where blockchain can change things. edited17:20 Stefan Nice to see crystal as your partner! We had them in the past here and we had nice talks Which DEX will you choose as your liquidity provider? Are there any plans to add new ones? Currently, we are using Quickswap & Dfyn. No plans currently to add any new ones. 17:23 Stefan We are discussing listing on a CEX, but it's early in the process. 17:24 Indeed, I can totally confirm it from my past experiences. What would you consider are some of the major milestones of the project so far? 17:27 Before we jump into milestones, I'd love to get into use case a little and how the token works, just so the milestones can be understood a little better 17:27 Stefan As I mentioned earlier, we are incentivizing doing good: Do good, feel great, get rewarded is our motto. We have a 5% reflection built into the smart contract that is distributed amongst existing holders from every transaction. Another 5% is burned, then finally, 10% is sold to purchase carbon removals and support community climate projects. 17:29 Stefan In terms of the projects we choose to create or support, as mentioned earlier, one of our key goals is to improve total positive impact per dollar spend by investing in innovative projects that have roadmaps to increased impact and decreased cost at scale. 17:29 Stefan For example, if the cost is $10 per tonne now, one of the projects we are looking at has a roadmap to 10x cost efficiency at an increased scale. In this example, that would mean $1 per tonne. 17:30 In this way, not only can people have the same impact as a full expense, but they can also generate interest, hold an appreciating asset and engage with our community. There will also be much more transparency with the projects we work with as we onboard their impact to blockchain. One of the keys is education. We want to educate the community on the shady underbelly of carbon credits, and show that we’re doing things differently. 17:30 I know it can be a lot to digest, but we are uploading some previous talks where we dive into the various aspects of the project as well. 17:31 Perfect, would you like to remind us your channels? Yes! our main social channels are: https://twitter.com/rvrstoken https://t.me/rvrstoken And of course, check out our website: https://reverseclimatechange.com edited17:38 Sorry I took you off topic from the milestones. Not avoiding and super happy to talk about it Stefan Getting to the project milestones, the support for the project so far has been amazing. It’s amazing to see the impact we can have with the small community we have developed so far. For example, in just 2 months we've funded planting 150,000 trees. Some of them by hand... I actually just visited a community NGO in Costa Rica, and learned about what they’re doing and seeing how else we can help them grow their impact. We hosted a planting activity with the local community, including schools, residents and business owners. We planted 388 trees that morning. 17:43 Stefan They educate and involve the local communites to ensure the long term survival of the project. You protect what you understand, and by doing this, the local community learns why the work they're doing is so vital, and can see their impact take shape right there in the heart of the community. 17:43 I spoke with several members that have seen the reforestation over a number of years, watching their trees grow, and seeing the impact it's had on things like biodiversity. 17:44 In fact, The temparature changes that the canopy provides ensures a balance between sexes of nesting turtles as turtle sex is determined by the temperature of the sand. The high level of Oceanside deforestation led to a heavy imbalance and these projects are reversing that. That’s just a single example of the impact this project is having at a single site. 17:45 And that's an extremely important aspect of the reverse project. It's not just a numbers game. When we think about helping the environment, we’re thinking about what the overall impact looks like. How does it help? Is something we ask. 17:46 Amazing result and achievement reached here. Do you have a plan also to plant different trees as type part of the world? Yes, so one of the facts about this particular project is they plant indegnous trees based on studying the natural environment where they remain. They are the only indigenous tree nursery in the country. As we talked about scaling, one of the things we are exploring with them, is helping them to develop an online resource, where different projects can build up an information resource for planting and growing in the native area. As an example, we have connected this project with a startup NGO in Chile, to supply them with expertise and expand their reach beyond the borders of Costa Rica 17:51 Stefan Think of it as open sourcing 17:51 Stefan We are doing something similar with a marine scientist and blue carbon (kelp reforestation etc.) Creating new, more in-depth methodologies that can be used by other groups. 17:52 Really impressed by the quantity of the activities that you are doing! About planting trees, I see that the NFTs are a crucial element of your project, can you please explain us how do they work? 7:54 Yes, so there's a lot of aspects to what we're exploring with NFTs. To start with, we want the community to be engaged with the project, so we are trying to make this project some engaging and fun. There’s no reason climate protection needs to be serious/doom&gloom. We all realize we are having a negative impact. Our latest development in this area is our seedling NFTs coming at the end of this month for RVRS holders. https://reverseclimatechange.io/seedlings/ 17:56 Stefan They will be redeemable based on the environmental impact you’ve had. This is calculated and available to you through our wallet tracker. 17:56 Stefan We will be adding utility functions to them over time, that include interesting ways to support broader subjects, such as endangered species. More on that soon… 17:56 We also have seasonal leaderboard rewards coming, where we will partner with Climate conscioues NFT artists, and produce rewards for our biggest impactors & our most productive community members. 17:57 Following that, we also have plans to integrate NFTs outside the art space and inside the functionality space. Think NFTs attached to measurable reforestation projects with live data. We are in the early stages of integrating with Chainlink to make this possible. 17:57 Can’t wait also to see the further integration with chainlink, you are choosing very quality partners and this is the base for a bright future 18:03 I think a good point to bring up here is we are open to the community. It was actually a community member that brought the costa rica project to our attention. The more engagement we create, the bigger we can grow, meaning a bigger positive impact on the planet! 18:04 Stefan We're between the interest in climate with on chain companies, and the interest in blockchain from off chain companies, so we definetely found a sweetspot to help the project move in the right direction! 18:05 Stefan Totally agree with this, a sweet spot to make it growth. Now and in the next years. 18:05 Let’s talk about the tokenomics! Which is yours and why did you choose it? 18:06 So every transaction activates a smart contract, which delivers 80% of the tokens to your wallet as RVRS, 10% goes to carbon prevention and support of new climate projects, 5% is burned to create a deflationary token and offset some of the selling pressure from the 10% that is sold for climate support, And finally 5% is distributed to existing holders (this is the foundation of our incentive). We started with 1,000,000,000 tokens (all in circulation from launch. If the team wanted tokens, they had to buy them and make an impact like everyone else), and we are down to around 930,000,000 now (7% decrease). That also means our users have earned 70,000,000 RVRS tokens as well. 18:09 Simple and clear. Reflection finally not used for a meme but for a serious project. Imho the concept is cool, because basically hodling you earn a passive income + in some cases is also possible use it for farm Exactly, you basically growth with the project. Nice to see 40% APR, volumes are growing since when I check Reverse. Good to see it. Besides this, how is revenue being generated for the project itself that could be used on future development? The project was designed as a self sustaining ecosystem. Getting back to names, I originally wanted to call it ‘Torus’ if you’re familiar with that. If not, google it it’s pretty cool. Because everything is happening within the transactions, as long as we can implement automated funding of climate projects we bring on chain (in process) this could become a project that is administrated by the community. ^ This will also give us more hands than we could ever have as a company to support a multitude of climate projects. And the bigger the project gets, the bigger the impact and the bigger the rewards. 18:15 Talking about the security side, the clichè question that we ask in all AMAs: are there any audits or KYC done? 18:24 So we have an audit in progress with paladin, but the team is also public. As I mentioned before, we are also on the AGA team, which is a public project that has been running for over a year, so there is some safety there, considering that length of time is like a lifetime in crypto. Talking about the future, do you have a road map or long-term plans that you can share with us? I think not just our industry, but global industry is becoming more aware of the impact they are having and looking for ways to improve it. The project in its current state is designed as a way to create immediate impact and give us more time to make the complex transition to 100% renewable energy worldwide, while also restoring and protecting global ecosystems to help biodiversity and community development. 18:28 Stefan We are seeing the support and desire to support local, measurable community projects. When you look at large scale, cheap existing credits options, although they are verified, it’s very hard to see and track the impact independently. You have to trust the data provided. Working with these small local projects we can see the huge impact it has on communities (human and otherwise). These projects are also not just working for quantity, they are thinking consciously about what is needed to improve the local climate. It is an attentive process and one that’s very necessary when you are potentially altering the delicate natural balance that exists there. 18:30 Stefan An upcoming project we are exploring is a partnership with scientists in kelp reforestation and Asparagopsis (red seaweed) as feed. The latter has the potential to reduce methane emissions from cattle by over 70% with a minimal amount. CH4 (Methane) is actually much worse than CO2 when it comes down to atmospheric heating. So this is a great way to minimize that. 18:31 The kelp reforestation has fantastic potential due to its efficiency in CO2 sequestration and its growth. It is one of the fastest growing plants on the planet and there are huge areas where planting is possible, covering spaces that are much more available than landmass. Also, I love that I can bold in tg. Use case and also benefit for hodlers are crystal clear. But I think that you touch especially an important point Blockchain. In this case it’s a public blockchain where everyone can see benefit and how partnership create a positive impact. Unfortunately in the traditional companies we hear every week about scams or not use of the funds for what they have been invested. With Reverse this is not possible. Stefan That way we can have a more impactful and involved community An upcoming project we are exploring is a partnership with scientists in kelp reforestation and Asparagopsis (red seaweed) as feed. The latter has the potential to reduce methane emissions from cattle by over 70% with a minimal amount. CH4 (Methane) is actually much worse than CO2 when it comes down to atmospheric heating. So this is a great way to minimize that. 18:31 Stefan The kelp reforestation has fantastic potential due to its efficiency in CO2 sequestration and its growth. It is one of the fastest growing plants on the planet and there are huge areas where planting is possible, covering spaces that are much more available than landmass. Also, I love that I can bold in tg. 18:32 the things you learn from past AMAs, ey? Plus your Words Per Minute start to increase.. edited18:32 I’m surprised that no one before really started a serious project in this niche That’s my biggest question 18:33 Politics try to make war against crypto (now started sec fud about etf lol) while they can allow a precise track of the funds 18:34 So there are projects working on things, like having a marketplace for carbon in the crypto space. But we aren't thinking about it from a business or profitability standpoint. We want to have a measurable impact. So the project is about action 18:34 Stefan I think that's one of the areas where we realized that education is extremely important, not just in the carbon space, but in crypto. People say, well bitcoin's footprint is horrible, right? Okay, but there are many variables to consider. There is also the much less energy intensive PoS (proof of stake) Take polygon as a great example of an energy efficient company 18:36 Stefan Bitcoin miners are innovators and they look for interesting ways to source their electricity. Even taking RVRS as an example, it was born out of mining company exploring sustainability options. We could go deep here, but I have a previous voice AMA that I just uploaded to our youtube that goes deeper. 18:38 Can you share us a link about your YouTube channel? https://www.youtube.com/watch?v=rf0Nx6lrlus&t=1s Here's one of our AMAs from this week. There's also a replay of a video AMA coming by the end of the week as well (if you're an audiophile, it will have a higher quality). YouTube RVRS X CRYSTL FINANCE AMA 11/10 Rick & Stefan dive deep on RVRS with a climate conscious partner, Crystl.finance 18:39 Stefan Thanks for share it! And the last question will regarding your opinion: What do you think about Polygon network and why did you choose it as launch network! Stefan Polygon has given us huge flexibility in what we can offer. For example, with the NFTs, we want them to be a reward, not an expense. By minimizing fees, we prevent essentially ‘paying’ what may be considered a high additional fee due to gas costs. We also produce a lot of transactions from the 10% conversion to our carbon removals and project support. By utilizing polygon we ensure that the highest % of original funds gets used for its true purpose, instead of losing potential impact dollars to high gas fees. 18:42 And also polygon has a better footprint respect his other major competitors 18:43 https://blog.polygon.technology/polygon-the-eco-friendly-blockchain-scaling-ethereum- bbdd52201ad/ for anyone interested, check this out. 18:43 Another reason why we felt polygon was the right choice Before opening the chat, would you like to add something more? I think we already covered a great amount! Please, open to the community and i'll answer some questions.