Save Planet Earth (OLD): One Token to Save Humanity

What is Save Planet Earth (OLD)

Friends, imagine the planet we live on as a vast, intricate ecosystem, but right now this system has a bit of a “fever”—that is, what we commonly call global warming and climate change. Save Planet Earth (OLD), or SPE for short, is like a “planet doctor” project powered by blockchain technology, with its core goal being to help the Earth “cool down” and fight climate change.

Simply put, SPE is a blockchain-based cryptocurrency project dedicated to reducing atmospheric carbon through various environmental actions, such as afforestation, promoting renewable energy, recycling, and more. It also aims to build a “carbon credit market,” like a specialized store where individuals and businesses can buy “carbon credits” to offset their carbon emissions, achieving a balanced carbon footprint. The entire process is recorded on the blockchain, ensuring openness and transparency, so everyone can see these environmental actions are real and effective.

Project Vision and Value Proposition

The vision of the SPE project is very ambitious: it hopes to provide a simple, economical, and efficient way to enhance carbon capture (like the Earth breathing in CO₂ more effectively) and establish effective emission control systems. The ultimate goal is to keep global warming and climate change at a manageable level.

Its value proposition includes:

• Addressing Core Issues: Tackling global warming and climate change by reducing carbon emissions through practical environmental projects (such as tree planting and renewable energy).
• Blockchain Empowerment: Leveraging blockchain’s transparency and traceability to solve issues like “double counting” in traditional carbon markets, ensuring the authenticity of carbon offsets.
• Self-Sustaining Model: The project aims to achieve financial self-circulation through income from its environmental initiatives, carbon credit sales, merchandise sales, etc., using these profits to fund more environmental projects and reward participants.
• Focus on Blockchain Itself: It even hopes to fully offset the carbon emissions generated by blockchain technology itself, making the crypto world “greener.”

Technical Features

Technically, the SPE project mainly utilizes several core advantages of blockchain:

• Transparency and Traceability: All carbon offset activities and carbon credit transactions are recorded on the blockchain, like an immutable public ledger, ensuring data transparency and traceability.
• Multi-Chain Support: SPE tokens were initially issued based on Ethereum’s ERC-20 standard and Binance Smart Chain (BSC)’s BEP-20 standard. This means it can circulate and be used on both major blockchain networks, like a bank card usable in different countries.
• Data-Driven Environmental Protection: The project utilizes various geospatial data sources, such as KML files, LiDAR, and satellite imagery (Landsat, Airbus, Sentinel), to precisely visualize and monitor environmental data, for example, assessing forest health and canopy coverage—much more efficient than traditional methods.
• Smart Contracts: The project uses smart contracts (computer programs that automatically execute contract terms) to track wallet transactions and distribute staking rewards based on the amount of SPE tokens held.
• Security Audit: According to available information, the SPE project has passed a security audit by Certik, a well-known blockchain security audit firm, which helps enhance the project’s security.

Tokenomics

The core of the SPE project is its token SPE, which plays a key role in the entire ecosystem:

• Token Symbol: SPE
• Token Type: Utility Token, mainly used for carbon credit transactions and supporting environmental projects.
• Issuing Chains: Ethereum (ERC-20) and Binance Smart Chain (BEP-20).
• Total Supply and Issuance Mechanism:
  • Maximum supply is 1 billion SPE.
  • The project has conducted token burning, which is like permanently removing a portion of currency from circulation to reduce total supply. Initially, 407 million were burned, and as of December 29, 2023, the total burned reached about 412 million.
  • After burning, the total supply is about 587 million SPE.
• Token Utility:
  • Purchasing Carbon Credits: Individuals and organizations can use SPE tokens to buy certified carbon credits to offset their carbon emissions.
  • Staking: Users holding SPE tokens can earn additional SPE tokens as rewards by staking (locking tokens in smart contracts), similar to earning interest by depositing money in a bank.
  • NFT Applications: The project also supports NFT (non-fungible token) applications and plans to launch a “green launchpad” (SPEPad) for other environmental crypto assets.
  • LECCNFT: Holding specific LECCNFTs (a special type of NFT) can grant dividends, airdrops, higher staking yields, and eligibility to participate in SPEPad private sales.
• Transaction Taxes: The SPE token’s smart contract sets adjustable buy/sell taxes, for example, a 2.5% tax on purchases and a 10% tax on sales. The proceeds from these taxes are automatically used to enhance liquidity (making trading smoother) and replenish the staking pool.

Team, Governance, and Funding

• Core Team:
  • Founder: Imran Ali, an experienced project management professional (Prince2 certified) with over a decade in senior management roles.
  • Team Member: Dr. Priyantha Wijesooriya, an energy engineer with a PhD in resource economics and years of experience in renewable energy projects and sustainable development.
• Legal Entity: Save Planet Earth is a UK-registered company and a global project.
• Partnerships: The whitepaper mentions the project is establishing meaningful partnerships with organizations such as the United Nations Development Programme (UN/UNDP) and UNICEF.
• Funding Sources: The project’s funding mainly comes from income from its environmental initiatives, certified carbon credit sales, merchandise sales, and enterprise use of its tree tracking app.
• Transparency: The project also provides a transparency dashboard for real-time monitoring of key wallet movements to boost investor confidence.

Roadmap

Here are some key historical milestones and future plans for the Save Planet Earth project:

• April 9, 2021: Project officially launched, with its first fair launch on Binance Smart Chain (BSC) mainnet.
• November 1, 2021: After successfully completing a security audit, the project released an upgraded SPE contract.
• Ongoing: The project has been working to establish partnerships with international organizations such as the United Nations Development Programme (UN/UNDP) and UNICEF.
• Ongoing: Committed to developing and improving its carbon credit market, making it easier for individuals and businesses to participate in carbon offsetting.
• Future Plans: Plans to launch its own “green launchpad” (SPEPad) to incubate other environmentally related crypto assets.
• Future Plans: Exploring the development of a “carbon-negative” blockchain, aiming for blockchain transactions themselves to achieve carbon neutrality.

Common Risk Reminders

Any blockchain project comes with risks, and the SPE project is no exception. When learning about this project, pay attention to the following points:

• Market Volatility Risk: Cryptocurrency market prices are highly volatile, and the price of SPE tokens may fluctuate significantly due to market sentiment, supply and demand, and other factors.
• Project Activity and Information Inconsistency Risk: Some sources (such as CoinMarketCap) mark this project as “Save Planet Earth (OLD)” and show its total and circulating supply as 0, which may indicate version iteration, token migration, or decreased activity, leading to inconsistencies with the official website or other sources. Investors should carefully verify the current status and token information of the project.
• Liquidity Risk: If the token’s trading volume is low, it may be difficult to buy or sell, affecting asset liquidity.
• Technical and Security Risk: Although the project claims to be audited, smart contracts may still have undiscovered vulnerabilities or face hacking risks.
• Execution and Operational Risk: The project’s success largely depends on the actual execution of its environmental initiatives, progress in partnerships with international organizations, and promotion of the carbon credit market. If these aspects are not effectively advanced, it may affect the project’s value.
• Compliance and Regulatory Risk: Global regulatory policies for cryptocurrencies and carbon credit markets are still evolving and changing, and future policy adjustments may impact project operations.
• Not Investment Advice: Once again, the above information is for project introduction only and does not constitute investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Verification Checklist

To further understand and verify the project, you can check the following information:

• Block Explorer Contract Addresses:
  • BNB Smart Chain (BSC):
    0xdBaAa36B347d56b77Ce0e36f050fCeEBbF9fbc38
  • Ethereum (ETH):
    0x4b91dfa774acde7ed70e93a6438363feaaa40f54

  Through these addresses, you can view token transaction records, holder distribution, and other information on the respective blockchain explorers.

• GitHub Activity: Visit the project’s GitHub repository
  SavePlanetEarthToken/SavePlanetEarthContract
  to check code update frequency, number of contributors, etc., to assess development activity.
• Audit Report: Search for and read the project’s claimed Certik audit report to understand its security assessment results and recommendations.
• Official Website: Visit the project’s official website (such as
  SavePlanetEarth.world
  or
  SavePlanetEarth.io
  ) for the latest information, whitepaper, and community updates.

Project Summary

In summary, Save Planet Earth (OLD) is an ambitious blockchain project that combines cryptocurrency technology with environmental protection, aiming to combat global warming by establishing a carbon credit market and funding real-world environmental actions. It leverages blockchain’s transparency and traceability to address some pain points of traditional carbon markets and build a self-sustaining ecosystem.

The project’s vision is grand, the team has a solid background, and it adopts multi-chain support and data-driven environmental monitoring on the technical side. However, as the “OLD” version, its information may be inconsistent across platforms, such as supply data shown on CoinMarketCap differing from other project sources, requiring careful scrutiny by potential participants. Additionally, inherent cryptocurrency market volatility, project execution complexity, and the ever-changing regulatory environment are all risk factors to consider.

This project demonstrates the potential of blockchain technology in addressing real-world challenges, especially climate change. But remember, this is not investment advice. Always do your own research (DYOR) and fully understand all potential risks before participating in any project. For more details, please research independently.