What Is EarthFund (1EARTH)?

EarthFund (1EARTH) is a DAO-controlled blockchain platform that looks to assist in crowdfunding for projects with an aim to contribute to a brighter future of the planet. The EarthFund is a decentralized platform governed by its community. EarthFund's goal is to use the features of the Internet to create an autonomous platform for the masses. The developers of EarthFund seek to provide users with the option to collaborate with projects and communities that the users relate with. The EarthFund DAO looks to allow the community to participate in something they genuinely care about.

According to its whitepaper, 1EARTH is the native utility token.) of the EarthFund platform. 1EARTH is an ERC-20 token that the holders stake in exchange for governance tokens within the EarthFund platform. These governance tokens enable users to voice their opinions on the EarthFund platform by granting access to voting rights. The 1EARTH tokens are locked using a smart contract that prevents the token from being available in the open market. Such a contract helps to protect the nominal value of the 1EARTH token and also ensures sustainable liquidity for the token. The 1EARTH token allows holders to associate themselves with cause-specific communities and enables donations to any project. Participation through staking the token also generates incentives for the holders. 

Projects on the EarthFund platform decide on their fees through unanimous voting. A standard 5 percent fee on transactions is fixed by the EarthFund platform for all projects. This 5 percent fee is introduced into the EarthFund treasury to ensure the platform's growth. Using a multi-sig wallet, users of the EarthFund platform access multiple tokens and make donations with the same. 

History of EarthFund (1EARTH)

The EarthFund platform is headed by Adam Boalt, Michael Fellows, Alexander Vergara, Alexander Coleman, and Hakeem Abbas. The total supply of the 1EARTH tokens is at one billion.