When forests are cut down the carbon in the trees is re-released into the atmosphere. The preservation of forests is an integral part of our company's philosophy, and it permeates everything we do. We are working diligently to include it into all our other programs and products, such as the Metaverse, Hydroponic Magnolia, Magnolia Wallet, Magnolia Finances, and other forthcoming initiatives.
A calculated percentage of all transactions, additional investment income, and 100% of contributions from third parties will be used to support charities and organizations that share our goals and plant trees in order to combat deforestation and to negate our token’s impact on the natural world.
Preservation of Forests for
Core Environmental Issues
To combat all those issues, we created a revolutionary environment that combines hydroponics and blockchain technology powered by renewable energy sources. Hydroponic farming has the advantage of producing more food from a smaller area, compared to traditional farming, and avoiding the need to transfer as many supplies compared to conventional agricultural approaches.
Smart Farming with
Hydroponic farms may be developed indoors with minimum space required, allowing them to thrive in urban areas or regions where agricultural conditions are less conducive to conventional farming techniques, among other advantages, which also will drastically reduce carbon emissions related to transportation.
To monitor, regulate, and make every step of the farming process more efficient and clean, Hydroponic Magnolia intends to utilize the blockchain and our developed Wallet application.
Our Carbon Neutral Approach: Transactions
All exchange costs on the Binance Smart Chain are expressed in gwei. In computer terms, it is a measurement of the amount of CPU power needed to complete a transaction on the Binance Smart Chain Blockchain. It reflects the amount of "work" that the network must do to process and verify a particular transaction.
1 gwei corresponds to 0,000000001 bnb.
An average transaction on the Binance Smart Chain costs arounds 10 gwei, with a limit set to 50.000 gwei. Each transaction has a cost of 0,0005bnb. Sending 1 USD worth of BTC, the transaction will spend approximately 18 mJ of energy. That is almost 4 times the amount of energy it takes to mine 1 USD worth of gold.
Tree age at death
# of trees
Because each tree species stores CO2 differently, on average 22.7kg of CO2 is caught per tree per year. “With the typical street tree mortality rates of 3.5-5.1%, the population half-life is 13-20 years. In other words, for every 100 street trees that get planted, only 50 will make it to 13-20 years.” Lara Roman (Research Ecologist, USDA Forest Service)
The average life expectancy for trees would be 23.6 years ((7*30)+(15*30)+(25*30)+(95*10))/100). Taking the other factors into consideration, we calculated an average life span of 15 years of one tree.
Every tree planted by Project Magnolia, or our partnered foundations, will be capable of absorbing 340kg of CO2 in its lifetime. At the current estimations, 600 $MAT transactions produce as much CO2 as one tree can absorb. Depending on the number of transactions made during 24 hours, we estimate that Project Magnolia must plant between 30 and 100 trees each month in the first year so that the project will be carbon neutral.