What is EarthFund (1EARTH) crypto and why is gaining attention?

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What is EarthFund (1EARTH) crypto and why is gaining attention?

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 What is EarthFund (1EARTH) crypto and why is gaining attention?
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  • EarthFund (1EARTH) is a decentralized crowdfunding platform.
  • In EarthFund, everything is governed and decided by the EarthFund DAO, a decentralized governing body.
  • Holding 1 Earth token means voting on everything the DAO does, starting from adding new causes and releasing funds, governance, and operations.

EarthFund (1EARTH) appeared to have caught investors' attention on Wednesday ahead of the Bitcoin 2022 conference held in Miami Beach from April 6th to 9th.

Amid the updates, the trading volume of the token surged 22.55% to US$7.15 million in the past 24 hours. 

Recently, Deepak Chopra, an author and alternative medicine advocate, and Gabriella Wright, an actress, have launched their cause of mental health & wellbeing and their token on the EarthFund platform.

Users can join this community by holding 1EARTH token that will work as tickets to be a part of it. Let us understand what is EarthFund and what does it do?

What is EarthFund (1EARTH)?    

EarthFund is a decentralized crowdfunding platform that aims to decentralize the power among the global communities to change the world where they can have a direct say in matters and shape the future of the world by joining its decentralized autonomous organization (DAO).

This is not centralized crowdfunding but is controlled by the community. The community raises money, and every token holder has a say in how the fund can be used to make the world a better place.

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The community is on a mission to make joining a DAO and changing the world as simple as joining a social networking site.

As of now, government, large corporates, charities etc., are the entities deciding the fate and funding of the potentially world-changing ideas which EarthFund wants to change. The idea is to take the power, influence, and treasury of billionaire foundations and give it to the global community of committed people to change the world. 

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EarthFund is where people can join the community by buying its tokens and contributing by voicing their opinions on solving Earth's issues. By purchasing the token, anybody can vote on how to use Earth Fund's treasury to fund the planet-saving projects.

In EarthFund, everything is governed and decided by the EarthFund DAO, which has several communities within it. The DAO is a governing body and has complete control over deciding what causes to support, how to operate etc.

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Based on blockchain technology for maximum transparency, members have complete oversight of the happenings. The process is democratic as everything is put to community votes, including which project to add, adding a new community etc., only after getting a consensus the idea takes off. 

Holding 1 Earth token means a vote on everything the DAO does, starting from adding new causes, releasing funds, governance and operations.

As per the official website of the EarthFund, the asset under management is US$26 million, currently. There are 20 members with a total vote of 8.54 million.

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Data Source: coinmarketcap.com

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1Earth token price and performance:

EarthFund (1EARTH) was down 4.17% to US$0.0352 at 4:31 am ET Wednesday. 

With 291 holders of the token, it has a market capitalization of US$2.56 million.

Out of the total supply of US$1 billion, its circulating supply is 72.75 million 1EARTHs. The token can be purchased, sold, and traded at the following crypto exchanges: KuCoin, Gate.io, and Uniswap (V2). 

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Bottom line:

To get away from the centralized decision making in several critical issues, the DAO is using blockchain technology to develop ways where the global community of the DAO can fund game-changing ideas, support causes and have a voice in the collective future.

However, the digital assets market is volatile, and investors need to be vigilant and exercise due diligence before investing in crypto assets.

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