A part of our design plan is to include the location of the environment that was improved in each of our stable digital dollars/commodity (similar to a stable coin). The plan would be that you could go to your digital wallet, pick out an individual GC-Dollar and extract the longitude, latitude, day, month, and year in which it was created, then take this information to our webpage and access the photos from that location’s timeline, providing a tangible connection to our living environments, to our one planet.
We hope that seeing the changing environment on its timeline will help to demonstrate how our currency is connected directly to living environments and the people doing the work.
By paying GC-Dollars directly to the GC-Landowners and the GC-Workers, we hope to inspire a new kind of environmental gold rush at the scale needed to reverse climate change. By paying the same price in all countries for the same amount of estimated organic carbon grown into these environments, we are working to provide an opportunity that can help address global inequality doing something we all need done.
We have the depth of passion for Blockchain to ensure that our GC-Dollars will be using the latest proven technology available.
In searching for a price, many things were considered, it needed to be simple, and it needed to be large enough to stimulate the change we need, and it needed to be measurable against a ruler with plenty of data.
In the end we settled on the CO2 and the Gross Domestic Product (GDP) of the world. We divided the gross national product of the world by the amount of CO2 produced in 2019 and then it was rounded up to the nearest thousand. Approximately $142 trillion US dollars were generated while releasing approximately 36 billion tonnes of CO2 into our atmosphere.
The number was large and justifiable. World GDP $142 trillion divided by 36.81 billion tonnes of CO2 =$ 3857.00 Global Climate Dollars per tonne and we rounded up to $4000.00 GC-Dollar’s
After we create our currency/commodity, GC-Dollars will be minted into existence, in response to the accumulation and circulation of organic carbon in a bio-diverse living environment.
An explanation of our GC-Dollars distribution plan
For each one tonne of organic carbon sequestered, put, grown into a bio-diverse living environment at or into GC-Lands and Waters, GC-Dollars will generate $4000.00 GC-Dollars.
The GC-Landowner receives $1000 GC-Dollars’ per tonne of organic carbon put, grown into the bio-diverse living environment plus, they receive 8 hours per week of worker’s hours shares. (The eight hours per week and the $1000 GC-Dollars’ per tonne is limited to one GC-Landowner, where there is more than one landowner, they must share this dividend between them.)
Any GC-Landowner can earn extra GC-Dollars by working on-site on the GC-Land and water and logging the work hours as a GC-Worker
The GC-Workers log their hours on the website for each of the GC-Lands and Waters that they work at.
A total of hours worked at each of a GC-Landowner’s GC-Lands and Waters are added up for each individual location. When repeat environmental testing is carried out at any of the GC-Lands and Waters they have worked at, the GC-Worker/s receives their share based on the hours they worked, and the amount of carbon accumulated into the living environment, at that specific GC-Lands and Waters location within that evaluation period.
Global Climate Dollar Pty Ltd receives $1000 GC-Dollars for each one tonne of carbon sequestered, put, grown into a bio-diverse living environment at or into GC-Lands and Waters, minus 10% that goes to the country where the organic carbon was accumulated.
1% more of the newly minted GC-Dollars will be taken from Global Climate Dollar Pty Ltd.’s share of the newly minted GC-Dollars for 50 years, these GC-Dollars go to the person/business/charity or to the GC-Dollar affiliate, who signs up the GC-Land and Water.
Each time a new project is registered, our webpage takes note of the country where the project is based, checks our system for an existing account and if there is one, adds the new project to that list. If there is not, we will open one in the name of the country once our wallets have been created.
The remaining $1000GC-Dollars per tonne is to be divided equally between the GC-Landowner, the GC-Workers and GC-Dollar at a rate of $10 per tonne per year for the next 100 years.
The Landowner will receive their residual payment for the property but only until such time as they sell their property, the new property owner will receive the remaining payments starting from the next environmental evaluation.
The GC-Landowners selling the property will continue to receive their residual payments for the allotted hours and worked hours, for the environmental restoration work they have achieved. This can end if the new owner intentionally destroys the restoration work, so it is in the best interest of the GC-Landowner to ensure they pass the property on to somebody who is going to look after it.
The GC-Workers receive their residual payment based on the original equation for the hours worked in the year/s that the carbon was accumulated. Global Climate Dollar receives its one third share into its account to enable us to continue to care for our planet, people, and our staff.
We will be using the tonne (or 2204.6 pounds) as our standard measurement for a tonne. This is known as the metric tonne.
Our Exchange Rates,
The Global Climate Dollar is going to be a stable digital commodity, similar to a stable coin. It will be generated at a rate of 1 to 1 with the historical exchange rate of the US 2019 dollar. On the 16/4/2021 we completed our original download of exchange rates, on 19/01/2022 the decision was made to find the exchange rate for the not-available (NA) exchange rates from our original downloaded document, we returned to Google, to find an exchange rate for the US-Dollar in 2019 and for as many countries’ currencies exchange rates as we could find, and added this information, we now have a known exchange rate for over 170 countries currencies based on their value in 2019.
Our stable dollar commodity Global Climate Dollar (GC-Dollar) is set for review every 20th year starting from December 2019, and examination and variation of the price of our currency may also occur as a result of a global financial crisis (GFC). The currency’s next date for price evaluation is due in December 2039.
There is a one-time opportunity for a country to change its exchange rate, if a country chooses to peg its dollar to our currency, they have the option to use our known exchange rate for their countries currency or have their exchange rate updated to the current global price for the US dollar, whichever is best for their country.
