SEEDS FAQ

Introductory Questions

What is SEEDS?

SEEDS is a decentralized financial system based on regenerative values, governed directly by the citizens. It is the collective name for the protocols, accounts and smart contracts that make up this new ecosystem. It is designed to finance a regenerative economy by subsidizing and rewarding regenerative practices (social, environmental, financial and other domains), campaigns, and solutions; aligning business incentives towards regeneration; providing grants for regenerative projects and campaigns; and empowering local and circular economies through subsidizing the transition to regenerative industries.

What is the purpose for SEEDS?

To realize a regenerative planet.

Why and how is SEEDS connected to the environment?

SEEDS citizens are allocating funds to projects who have a solution to regenerate our planet. Each lunar cycle, new projects are voted by SEEDS citizens. A list of elected projects can be view from the SEEDS Passport, a Dapp available for mobiles in Google store or Apple store.

What am I expected to do in the SEEDs ecosystem?

You are expected to join a group already working on a project or you can propose your own project. You can also work to onboard new members and new organizations. You can develop new tools like this wiki.

What should I expect from the SEEDS ecosystem?

You can expect to have a meaningful job that will take care of others and our environment. A better currency that will be used to improve everybody lives. A better redistribution of wealth.

Societal Questions

How does SEEDS address inequality in itself?

How does SEEDS avoid replicating global inequality where the top 1% owns 43% of all personal wealth, while the bottom 50% own only 1%? What prevents any individual from hoarding Seeds beyond their needs, something that does not occur in nature? How can SEEDS support a low Gini coefficient of inequality among its own members?

There are multiple components to address this, including:

• Governance - Decision-making influence is based on a scale of 0-99 among the least to the most active participants.

Financial Questions

How do we know Seeds is going to become a legitimate currency (e.g. be equivalent in worth to the US Dollar)?

SEEDS has a large exponentially growing global community of over 1000 active participants among 7000, who are dedicated to ensuring Seeds becomes a legitimate currency.

Developing Countries

What are the benefits of accepting payment in Seeds?

Just like seeds itself, there is little to no immediate benefit in terms of Fiat money (our default currency). The Seeds currency is a long-term investment in growing a regenerative economy, and are meant to be planted and supported over time. However, especially for the underprivileged like refugee communities, Seeds enables a global bank account on your mobile device, and the ability for people to directly contribute Seeds to that account. This becomes significant as Seeds is expected to increase from $.09 in value to the US dollar in the summer of 2021 to $.80 of the US dollar when it officially enters the world of currencies in a few years.

Appendix

Hosted in Prototypes, Pilots and Experiments of the SEEDS New User Guide.