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FAQ

What is an NFT?

An NFT (non-fungible token) is a crypto asset representing something unique and collectible using blockchain technology.

It can be linked to digital and physical objects to provide an immutable proof of ownership.

The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.

What exactly is a blockchain?

Blockchain is essentially a distributed database for recording and storing information. This database is also referred to as a digital ledger, and its decentralized network ensures that data cannot be hacked or manipulated.

For the purposes of NFT, the Blockchain keeps a record of who is minting (creating), selling and buying a particular digital asset.

NFTs leverage blockchain technology to ensure authenticity and security.

Specific to NFTs, marketplaces exist to offer a secure platform for different collectors to buy, trade and sell their NFTs on the blockchain. These marketplaces have a huge variety of non-fungible tokens for sale.

Why are NFTs valuable?

NFT ownership can change. Once an NFT is minted, it can be bought, sold or traded.

«Regular» NFTs

NFTs are generally tied to digital files like images, or real-world objects like art. Uniqueness and scarcity increase their appeal and desirability. And as is true of all rare items, this scarcity allows owners to sell their NFTs for premium prices.

Besides scarcity of supply, valuation is driven by speculation. In fact, speculation is often the main driver behind price appreciation.

Utility NFTs

There are also utility NFTs that grant token holders access to exclusive, real-world use cases. These digital assets are a kind of “NFT with benefits”, offering perks ranging from redeemable rewards, memberships, access to events and passive income opportunities.

Green Trees NFTs are exactly of this type: they represent several real life trees planted within a certain reforestation project. By holding this asset in their wallets, users receive redeemable rewards.

What are the benefits of buying Green Trees NFT?

By purchasing Green Trees NFTs, you initiate planting of real life trees in the locations where they're needed most, thus making a real impact on the environment.

Holding Green Trees NFTs rewards you with GREEN tokens which can either be used in-game (in the Green Trees auctions and other community events) or cashed out for profit.

To be precise, there are four benefits:

1. 
We don't sell some meme tokens or NFT pictures with no underlying product. The most important feature of the project is that we're doing it all for a good cause.

By purchasing Green Trees NFT you contribute to this cause – planting millions of trees across the planet to slow the connected crises of climate change and biodiversity loss.

2.
Some NFT owners simply want an asset that will increase in value, and some collectors treat NFTs as an investment.

Green Trees NFTs will explicitly increase in value - in every next round of sales, the price will be rising by $10. Each NFT will be linked to 10 trees more, with tokens purchased in the previous rounds being revalued.
See the details in Revaluation.

3.
Some NFT investors are just looking for passive income opportunities. Well, this is the main incentive mechanism of our project.

Once you have bought a Green Trees NFT, you will be receiving daily rewards in GRN. This GREEN (or GRN) token serves as a native currency of the Green Trees auctions, games and other community initiatives.
It can also be sold and traded on exchanges.

4.
Some utility NFTs grant holders access to exclusive memberships and offer various community perks.

With Green Trees NFTs (and some $GRN) in your wallet, you will be able to use our lending and staking facilities, as well as to vote and create proposals on the future development of the project.

How do I know you are actually planting trees?

For every NFT sold in the First round, we will fund planting of 10 trees through our partner, Ecologi.com.

Payments are made within 24 hours after every purchase.

You can track our journey to planting millions of trees here: ecologi.com/greentrees.

How do I buy a Green Trees NFT?

To start, sign up on greentrees.io website using your social login or an email address and password.

At the moment, users also need to create a Polygon wallet. You can do that here using your social login, it’s fast and easy.

Once you have signed up, please log into your Account and select any available item in the Trees section.

Click "Buy" button and choose the amount you want to purchase.

Currently, you can pay with various cryptocurrencies and stablecoins, as well as using your Coinbase account.

Green Trees NFTs are also available to purchase in the OpenSea marketplace.

How and when will I get rewards in GRN?

Once you have purchased a Green Trees NFT, you will start receiving GREEN tokens (ticker on exchanges: GRN).

The rewards will be credited to your account on a daily basis.

In the initial stage of the project, each type of NFTs has been producing GRN at the same rate of 0.05 per day (or 0.005 GRN per one tree daily).

Starting from February 2023, the amount you receive will depend on several factors:
- the type and amount of purchased NFTs,
- the duration of continuous holding,
- the level of your activity in the Referral Program and other community initiatives.

To withdraw $GRN from your Green Trees account to your crypto wallet, please go to the Balance section of your account and click "Withdrawal" button.

Why is GRN valuable?

A combination of the following features, as well as the possibility to sell and trade GRN on exchanges will be driving the value of this token.

Supply

The GRN production formula is adjusted in the way which ensures that the market isn’t flooded with too many tokens simultaneously, and we are able to steadily develop this currency and the whole project for many years.

Utility

GRN serves as a native currency of the Green Trees auctions, games, and other community events. It will also be the only payment option to get access to the Green Trees lending and staking platforms.

Besides, we are negotiating partnerships with other blockchain projects to provide benefits to holders of GRN. This token has potential for global exposure and increased popularity among eco-minded projects and communities.

Supporting the price

10% of NFT sale proceeds goes towards supporting the price of $GRN. This includes buy-back and «burning» process which we use as a deflationary mechanism to increase GRN long-term value.

Another important purpose of this reserve is to support GRN liquidity. High liquidity is an ideal situation as it makes for improved prices for all concerned due to the large number of offers in the market.

The use of the GRN support fund will be shaped by the search for the right balance between adding liquidity and doing buy-backs and burning.

How can I convert GRN to fiat?

You can convert your GRN tokens to fiat currencies via an exchange.

Currently, GRN is issued on the Polygon and Stellar blockchain platforms.

How do you ensure the security of your project?

The use of the blockchain technology helps ensure the security of all transactions that happen through the platform as they are nearly impossible to tamper with.

With the blockchain, we also get complete transparency of each transaction, which allows us to avoid fraud or double counting.

Who is behind this project?

The project is run by GREEN TREES PLANET LTD.

We're eight socially-responsible and committed individuals who represent a variety of professional backgrounds. Please see the details on our Team page.

Our goals are:
- to help everyone contribute to the environment through an entertaining, secure, and transparent system of products;
- to help advance the narrative that NFTs can be used for positive environmental impact;
- hopefully, to introduce many people to the transformative potential of cryptocurrency and blockchain technology.

Our ultimate goal is to plant millions of trees across the planet to slow the connected crises of climate change and biodiversity loss.

I know nothing about NFT and crypto, can I still participate?

Yes, you can!

When developing this project, we understood that our target audience could include:
- eco-minded individuals with no experience in crypto,
- crypto enthusiasts who are not well aware about the climate change.

We are hoping that both these categories of people will benefit from joining Green Trees equally.

Our project allows you to easily get your first digital assets on blockchain and dive into the exciting world of Web 3.0.

The Green Trees community is extremely friendly and helpful, join us on social media to get an advice or answer to any of your questions.

Do you have a Referral Program?

Yes, we do. You will receive a commission on each purchase made by your referrals.

The Green Trees referral network is up to 100 levels deep, and pays generous rewards in GRN.

10% First Level Commission: paid each time when your «referral» (new participant registered through your referral link) buys NFT on the greentrees.io website;

5% Second Level Commission: paid each time when a user who was invited by your referral (a «second level referral») makes a purchase on the greentrees.io website;

1% Monthly Bonus: paid in the end of each month; calculated as 1% of balances of all level referrals – including those who registered through your link, and those who were invited by your referrals.

Please note that you are eligible to receive commissions only if your referrals hold Green Trees NFT during the last 30 days.

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