Regen Network (REGEN)

Regen Network community’s goal is to build foundational fintech infrastructure for ecological claims and data. This means serving as the ‘Layer 0’ upon which other projects and protocols may build and harness to execute their own climate-focused business models. Using a distributed ledger and modern remote sensing technology, the Regen team is creating new tools for how humanity relates to its environment.

Basics

• Based in:
• Started in: 2019
• Mainnet release:15-4-2021

• Proof-of-stake coin that Chorus One will (1-3-2020) provide staking for.
• From this article (28-5-2020):

"The Regen Network is a Proof-of-Stake blockchain focused on ecological data, assets, and agreements using the Tendermint Consensus Engine and Cosmos SDK. The Network founders were troubled with the current ecological crisis that is facing humanity. They also stated that the crisis is a result of us failing to account for the aggregate impact of our decisions that mainly focussed on efficiency, profit, and comfort but deliver severe long-term damage to the earth.

Therefore, the Regen Network is focussing its efforts on scientific research and infrastructure development that creates a transparent, open Ecological State Protocol. They are aiming to create a culture of collaboration towards building an infrastructure needed to bring earth’s needs into our collective awareness and take action."

• From an Interchain (who has funded Regen) blog (21-2-2020):

"The Regen Network has been leading the charge in using public blockchain technology like Cosmos to address the global challenge of ecological regeneration. Ecosystems all over the world have been devastated by corrupt financial incentive mechanisms, severely compromising global sustainability. Regen is focused on the use of smart contract technology to align incentives around protecting and regenerating ecological resources; for instance, creating credits and other financial instruments to value the provision of public goods like carbon sequestration into forests or healthy soils. This is a quickly growing market that requires both transparency and multi stakeholder agreement, making public smart contract networks a perfect solution. By combining advances in ecological monitoring with the low-overhead, economic engagements made possible by smart contracts, Regen intends to build an economy around ecological regeneration and the sustainable stewardship of Planet Earth, starting with the world’s first carbon and ecosystem service credit registry on a public blockchain.

Jae, Ethan, and other early members of the Cosmos community met Gregory Landua, the Chief Regeneration Officer at Regen, back at Ethereum’s 2017 DevCon in Cancun. Gregory has extensive experience in regenerative agriculture, and discovered the immense potential of blockchain technology to incentivize regeneration. The visions of both the Regen and Cosmos teams were found to align significantly, and Regen has been a staunch Cosmos supporter and community member ever since. More recently, Gregory started the Planetary Regeneration Podcast, where he has interviewed a number of prominent Cosmos community members.

The Regen team aims to build a sustainable organization around the economic opportunities unlocked by the launch of their public platform. Much more detail about the economics can be found in their whitepaper.

Beyond the investment, the ICF has also been engaged with Regen in service agreements since late 2018 to develop modules for, and improvements to, the Cosmos-SDK. While the initial focus was geared specifically towards the ecological regeneration use case, the scope has significantly expanded over time, to the point that the Regen team is now a core contributor to the Cosmos-SDK. To wit, they have been developing substantial improvements like the on-chain upgrade module, the account sub-key system, and the replacement of Amino with Protobuf, and they’ve played a leading role in the CosmWasm project, which is bringing WASM-based smart-contracts to the Cosmos-SDK. These improvements significantly benefit both their specific application and Cosmos at large. Much of this work has been led by Regen’s CTO, Aaron Craelius, who has become deeply familiar with the Cosmos-SDK, and by their lead developer, Ethan Frey, who built the first prototypes of the Cosmos-SDK at All in Bits in 2017.

They have been running a highly active and robust testnet program with many Cosmos validators, and we’re looking forward to the launch of their network (estimated to occur later this year) and to the opportunities it will create for ecological regeneration across the globe."

History

• From Citadel (28-3-2022):

"Starting in 2019, Regen Ledger launched a series of testnets, which had the participation of over 80 independent validators in total. Regen Ledger mainnet was launched in 2021."

Audits & Exploits

• Bug bounty program can be found [insert here].

Governance

• From their FAQ (9-3-2020):

"Regen Network’s blockchain will be governed by a consortium of organizations. These organizations will be able to delegate votes to professional compute nodes that maintain the blockchain consensus for the system."

Token

Token allocation

• From Citadel (28-3-2022):

"During the Token Generation Event, which happened on Apr 15, 2021, 100,000,000 REGEN were created and distributed to the various wallets and contracts as dictated by the genesis file. Since then, the only Regen Tokens that have been added to the supply are through a mechanism referred to as inflation, which is a Proof of Stake mechanism to encourage token holders to stake their tokens and participate in governance."

Utility

• From Citadel (28-3-2022):

"REGEN is the native governance token of Regen Network. Assuming the token holders stake their tokens, the token allows one to participate in the governance of the chain, receive block rewards and receive their share of the inflation mechanism. As the native token for Regen Ledger, REGEN must be used to pay for transaction costs on-chain, commonly referred to as gas, which is required to transfer REGEN. The future utility of the token is connected to the issuance, governance, curation, auditing and exchange for eco-credits."

• From their FAQ (9-3-2020):

"The XRN token serves two key functions; to program the rules that make an ecological data commons and marketplace possible and to bring together a community of shared interest in service to strengthening and regenerating the living systems that we need to support life on earth."

Token Details

• Started out as XRN but changed into REGEN.

Tech

• Whitepaper from can be found here (13-5-2018).
• Code can be viewed here.
• Built on: Tendermint
• Programming language used: From their FAQ (9-3-2020):

"Ceres is a domain specific programming language that we are building. It is designed for writing contracts to take advantage of the full suite of remote ecological sensing protocols being developed on Regen Network."

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found here (28-3-2022).

Team, investors, partners

Team

• Full team can be found here (9-3-2020).
• Regen’s team consists of developers, ecologists, scientists, and designers.
• Gregory Landua, the Chief Regeneration Officer
• Aaron Craelius; CTO
• Ethan Frey; lead dev, as of 2022 is the CEO of Confio

Advisors

• Jae Kwon, Brian Fox, Alex Kehaya, Gustav Simonsson, Ben Best.

Investors

• From an Interchain (who has funded Regen) blog (21-2-2020):

"Much of Regen’s funding has come in the form of grants and pilot projects in ecological regeneration. Since late 2019, the Regen team has been fundraising using a SAFT for their staking token, which will underlie the economics of their ecological regeneration platform, much like Atoms currently underlie the Cosmos Hub. The ICF participated in the SAFT offering along with a number of other prominent Cosmos community members."

• Got a grant from the Interchain Foundation (Cosmos) (29-6-2020).

Partners

All partners can be found here (9-3-2020). Some are: Cornell University and Multi Capital.