Leaderboards

Transforming Blockchain for the Better: ecoToken's Impact Score and Leaderboard

Introduction: Degen to Regen - A Movement for Change

"Degen to Regen" is more than a campaign; it's a movement inviting your community or application to be part of a powerful environmental initiative. This groundbreaking shift aims to transform blockchain technology to make a positive impact on our planet. By integrating sustainability with blockchain, we are paving the way for a greener future, starting with the Solana community.

Why be seen as green? The business case

Implementing carbon offset purchase options can significantly enhance various e-commerce metrics. Many businesses have reported increased cart conversion rates, higher average order values, and improved customer loyalty and retention after integrating carbon offsetting features. Additionally, companies have found that offering these options can strengthen brand reputation and customer satisfaction. Utilizing climate APIs, some businesses have reported up to a 40X return on investment, demonstrating the substantial financial and environmental benefits of such initiatives.

The Leaderboard System: How It Works

The ecoToken Leaderboard system is designed to turn environmental impact into a dynamic and engaging competition. Here’s how it works:

1. Community and Application Participation: Each participating community or application receives a dedicated referral link (e.g., ecotoken.earth/community/XXXXX) that facilitates direct offset actions. These actions contribute to both the individual’s and the community’s cumulative Impact Scores.

2. Carbon Offsetting: Every time a member of your community or user of your application offsets carbon by supporting projects that protect, preserve, and restore our planet. These actions are all recorded on the blockchain. This transparent process ensures that contributions are real and impactful.

3. Impact Scores: Individual and community contributions are tracked through Impact Scores. These scores are updated in real-time, reflecting the latest environmental actions taken by members.

4. Rewards and Reinvestment: A percentage of all offsets (2%) is reinvested into the community by purchasing their tokens or NFTs. This reinvestment incentivizes participation and helps grow the community’s assets.

5. Integration for Applications: Applications can integrate a carbon offset function at no charge. Offsets through these integrations count towards both the application's and the user's Impact Scores. This feature allows seamless participation and contribution to the leaderboard.

6. SPL Tokens on Jupiter Allowlist: Communities that integrate the functionality or offset via our smart contract can use any SPL token on the Jupiter strict allowlist, providing flexibility and ease of use.

7. Leaderboard: The Leaderboard showcases the top-performing individuals and communities, fostering a sense of competition and recognition. This visibility encourages more participation and highlights those making significant environmental contributions.