May 5
RichQUACK AMA with Dr Oak, Earthling Co Founder
Guest : Dr.Oak, co-founder of Earthling.
Host: PapaQUACK, co-founder of RichQUACK
Introduction:
Papa QUACK: Hello Everyone, hope you are all doing well!
Today, we’re honored to have Dr. Oak in our community to give us a more intuitive introduction to their unique project.
We will now start our AMA session and the group is now muted.
Dr Oak, would you like to say hello and introduce yourself?
Dr Oak: Hello Everyone, I’m Dr.Oak, co-founder of Earthling
PapaQUACK: Ok, we will now ask the questions. Please send “done” or a sticker when you finish answering each question as a clue for the moderator to continue with the next one
Questions
Q1:
PapaQUACK: What is Earthling? Can you share with us more in detail?
Dr.Oak: Earthling is a platform to help individuals and enterprises to offset their carbon footprint and by doing so our users will be able to contribute to restoring our nature as well. Our platform will offer a wide range of type projects and also the location of carbon credits. For example, there will be carbon credits from renewable energy or reforestation projects and there will be carbon credits from developed and emerging countries.
These different types of projects will determine the carbon credit prices so you will see the prices of our carbon credit varied. Reforestation projects tend to be more expensive than renewable energy since the cost is higher. The same goes for carbon credits in developed countries will be higher than the one from emerging countries due to the higher labor cost.
In addition, our platform will also provide a simple calculator to estimate your annual carbon footprint. We emit carbon every day because it’s inevitable. Going to work, using your computers, using air con, water heater and any other home appliances will emit carbons. Our calculator will ask how long you travel daily, how many flights you take every year, how many hours you use computers — air con, etc then it will provide the estimate of your annual carbon footprint. The average carbon footprint in developed countries is higher than the emerging one, in the U.S it could reach as high as 20 tonnes per annum while emerging countries is around 4–6 tonnes per annum.
Q2:
PapaQUACK: Can you tell us what triggers you to Earthling ? What are some of the real-world problems/ pain points that Earthling aims to solve?
DO:
Our team saw that global warming is the main threat for this earth or humanity and we think it will be even worse than the Covid-19 pandemic. We can see the evidence all over the internet such as higher sea levels due to the meltdown of ice in the north pole and sometimes we can feel it by ourselves. Extreme weather happens more often; Floods and hurricanes happen all over the world, the summer season feels longer. These events motivate us to make a change by becoming a platform in helping the global scale to achieve net-zero carbon. We saw that most people are aware of global warming but they are lacking in the understanding and what to do about it. We would like to become the platform to bridge that gap by providing the solutions and educational content as well.
Q3:
PapaQUACK: What is the role of $ETLG in Earthling? Would you tell us more about its tokenomics?
DO: The token will be the backbone to support funding for the Earthling ecosystem and it will be a governance token. Our first phase of the Earthling token is in the development phase. This includes marketing, getting listed on coin marketcap and coingecko, building partnership with NGO, and getting audited.
Our second phase will build a carbon credit market on our website where users can select projects that they want to support and in return they will receive carbon credits to offset their carbon footprints.
Then our third phase will issue a carbon token which will be backed entirely by carbon credits. Users can choose to retire this token or trade it to ETLG token. In addition, there will also be a staking platform where users can stake their ETLG token to earn Carbon Token.
For the tokenomics, there will be 0% fee on buying and 15% fee on selling with detail as follow:
- 4% to reforestation fund
- 4% to auto liquidity
- 3% to BUSD reward for holders
- 2 % marketing fund
- 2% development fund
BUSD reward will only be given to users who hold a minimum of 200k ETLG token or USD 100 at initial Quack launchpad price.
Q4:
PapaQUACK: Are there any exciting news or updates with regards to Earthling that you would like to share with our users?
DO: Yes! Our airdrop contest is extended until 9th of May and our IDO will open at the same date as well.
Our contract has also been audited by Solidity Finance. Here is the link for the report: https://solidity.finance/audits/Earthling/
We have been covered by CryptoTown, Street Register, Hackernoon, World News Monitor, Coinquora, Investing.com, cointelegraph.com and others. We will continue to build our presence in the crypto community.
Don’t forget to join our telegram channel as well: https://t.me/EarthlingEco
It will help us grow!
Q5:
PapaQUACK: How long will it take to build the platform? Can you share with us the new roadmap?
DO: It will take around 3–6 months to build our initial platform. Our most challenging task will be on the third phase, we do not have the date yet for the completion of our third phase but the staking platform and technical issues on the carbon token itself will be much more complex.
PapaQUACK: Very good. Thank you for your answers
We will now open chat, please ask your questions. Questions answered by dr oak will win $20 each.
Dr. Oak you can pick 5 questions from them and answer.
Please use the reply function so that we know which question you are answering.
Community Questions
Q1:What are your promotional plans for getting the most out of earthing?
Dr. Oak: Our main focus for the first phase will be on building our app and community. That include:
🌎Producing educational content and spread them out through our social media and blogs.
🌎Publishing more press releases to well known media
🌎Banners on Dextools, poocoin, bscscan will continue after IDO to promote our pancakeswap listing, which will happen 1 week after IDO.
Q2: As crypto we want is to make a profit so that we can become billionaires, what is offered or the benefits of carbon credit as reported in the article we will get by staking as investors, how are the two things correlated? and what is carbon credit itself?
warm greetings goldbringer
Dr. Oak: Carbon credits is a certificate to offset your carbon emission. 1 carbon credit is equal to 1 ton of carbon. This carbon credit is generated by having a renewable power plant or reforestation project. We see the potential from carbon credit as the global leaders are trying to achieve their net-zero carbon program by 2050 inline with the Paris Agreement. As a result, we think the carbon credit price will go up to discourage companies or people to use carbon intensive products.
Q3: Most of the investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Dr. Oak: Carbon credits, the permissions to emit carbon and other greenhouse gases, have been one of the best-performing commodities over the past five years. One of the most interesting examples is European carbon prices which nearly tripled in 2021. With the Earthling Project, we are expecting to form a view where investors can see that carbon credits will be scarce in the future. In addition, this project will also provide additional value more than the monetary side since we will also contribute to save this planet!
Fun Fact: Tesla, being a manufacturer of electric vehicles and a contributor to the green energy ecosystem, earns regulatory carbon credits and sells these to other companies which rely on fossil fuels for their energy needs. For many years, Tesla made good money from selling carbon credits. 😉
Q4: Hi guys @doc_oak Please tell me,How can I buy your tokens right now?Andwhich wallet support your token?thanks
Dr. Oak: You need to register for the IDO which starts on 7th of May. Then the IDO will start on 9th of May. We will recommend MetaMask for the wallet and our token will be listed on Pancakeswap one week after IDO.
Q5: While you build your project, do you take into account community feedback and demands?While you build your project, do you take into account community feedback and demands?
Dr. Oak: Yes, our community is the first priority in our mind when we build this project. We are very open to community feedbacks and critics. We would be really honored to have you Quack holders in our community. We will try to do our best to meet our community interests and expectations
PapaQUACK: Thank you all for participating in RichQUACK AMA with Dr Oak, Earthling Co-founder. Thank you Dr Oak for being here with us, the richquack community. Winners please DM me to claim your prize.
Don’t forget to register for Earthling IDO on Richquack launchpad May 7, 12PM UTC
https://app.richquack.com/launchpad/earthling
Join Earthling Community:
