There’s a new blockchain project in town, and it’s called Forest Guardian (Bosque Guardian). It not only aims to provide luxury accommodations but it also wants to conserve the rainforest of Peru.
Led by entrepreneur Rafael Benavides, Forest Guardian is taking 20,000 hectares of unprotected rainforest near Tarapoto, a city in the San Martín region of northern Peru. The area is known for its Amazonian rainforest and numerous waterfalls.
While parts of the rainforest are protected, there are still parts that are in danger of being exploited, and this project aims to encourage preservation and reforestation while offering accommodations – a hotel and cabins. The project will also have a research center.
To facilitate the project, there will be an initial coin offering. Forest Guardian is going to issue Guardian Coin to raise funds.
“We are in the process of completing our partnership with Chainzilla and Komodo Platform, which is based on Bitcoin. This means that Bosque Guardian is going to issue a token called Guardian Coin,” said Benavides.
The money that they raise will be used to purchase the rest of the land they need and make it part of the private conservation area.
“The idea is to issue 20,000,000 cryptocurrencies with a value of US $ 1 to be sold in stages and acquire more land,” Gestion reports.
The first cabins are set to be completed by the end of 2019.