Hashkey Grant Application: GreenBTC.Club

[JostinJostar]

Grant Type

Session 1

Email

[email protected]

Telegram

https://t.me/JustiinSoong

X/Twitter Handle

https://x.com/Justin_eacc

Discord/Community

No response

Previous Application

N/A

Code Audit

Yes, GreenBTC.Club is incubated by Arkreen Network and can be viewed here: https://github.com/arkreen/ArkreenCore/blob/main/audit/Arkreen%20NetWork%20Audit%20Report.pdf

Project Information

1. Project Description and Objectives
   GreenBTC.Club is an On-chain Carbon offset Platform aimed at reducing the environmental impact of the Bitcoin network through community-driven, on-chain climate action.
   The project utilizes the Bitcoin Climate Protocol to transform Bitcoin's historical carbon footprint into a positive environmental narrative.
   By integrating with Hashkey Chain, GreenBTC.Club seeks to extend its reach and efficiency in greening Bitcoin blocks, making it the world's largest marketplace for individual voluntary carbon neutrality.

Objectives

• Carbon Neutral Bitcoin by 2050: Offset Bitcoin's carbon emissions.
• Community Engagement: Gamified "Play to Impact, Impact to Earn" model for user participation.
• Education & Empowerment: Inform and empower on climate issues.
• Decentralized Carbon Standard: Set a new norm for carbon neutrality in Web3.
• Boost Renewable Energy: Increase investment in green energy via RECs.
• Token Incentives: Reward system to encourage sustainable actions.
• Hashkey Integration: Deploy on Hashkey Chain for broader reach.
• Scalability: Extend influence to promote sustainability in Web3.

For more details, please refer to https://www.greenbtc.club/ and https://docs.greenbtc.club/.

2. Success Potential: - Explain why your project is likely to succeed (consider market demand, technical feasibility, and team capability)
   Market Demand:

• ESG Trends: The push for sustainability in financial sectors, including cryptocurrencies, creates a significant demand for solutions like GreenBTC.Club that can make Bitcoin environmentally friendly.
• Institutional Investors: With more institutions looking at Bitcoin, there's a growing need for it to align with ESG criteria, making GreenBTC.Club's mission critical for attracting such investments.
• Regulatory and Public Pressure: Increasing awareness and regulatory scrutiny on the environmental impact of cryptocurrencies set the stage for GreenBTC.Club's relevance and necessity.

Technical Feasibility:

• Proven Technology: The use of the Bitcoin Climate Protocol, which has already offset significant electricity consumption, shows the technical foundation is robust and functional.
• Blockchain Integration: Integrating with Hashkey Chain leverages blockchain's inherent benefits like transparency and security, ensuring the project's actions are verifiable and immutable.
• Scalable Engagement Model: The "Play to Impact, Impact to Earn" model is designed for scalability, encouraging widespread participation and thereby amplifying the environmental impact.

Team Capability:

• Experienced Team: The team, with backgrounds in blockchain and green initiatives, has demonstrated success with projects like Arkreen, showcasing their capability in executing complex projects.
• Community Engagement: The ability to mobilize over 710,000 climate actions reflects strong community management and engagement strategies, vital for the project's success.
• Innovation: By gamifying environmental impact, the team introduces an innovative approach that could attract a broad user base, enhancing both participation and awareness.
• Strategic Partnerships: Existing relationships with key partners in renewable energy and blockchain technology (e.g. Hashkey Group, OKX Ventures, ReFi DAO, etc.)provide additional support, expertise, and credibility to the project.

3. Mission Alignment: - Describe how your project aligns with Hashkey's goals

Market Positioning:

• Differentiation: Positions Hashkey as environmentally proactive in the blockchain space.
• Strategic Alignment: GreenBTC.Club was firstly initiated by Hashkey Group in 2023 Hong Kong Web3 Festival in April 2023 and migration to Hashkey Chain will be a great milestone for both GreenBTC.Club and Hashkey Group. (https://medium.com/@arkreen/arkreen-and-hashkey-launch-greenbtc-club-for-bitcoin-carbon-neutrality-ef6c58d317b1)
• ESG Capital Attraction: Draws investments from ESG-focused entities, boosting Hashkey’s appeal.

Enhancing Hashkey Ecosystem:

• Ecosystem Growth: Introduces new user segments interested in sustainability, enriching Hashkey's ecosystem.
• Innovation: Provides a model for green blockchain applications, fostering innovation.

Community and Developer Engagement:

• Community Building: Engages users in climate action, strengthening the Hashkey community.
• Developer Ecosystem: Offers new tools for developers to create green-focused applications.

Long-term Vision:

• Global Impact: Aligns with Hashkey’s vision for blockchain's global influence in sustainability, aiming for Bitcoin's carbon neutrality by 2050.(https://group.hashkey.com/en/newsroom/hashkey-group-partners-with-greenbtc)

4. Innovation: - Highlight what makes your project unique or innovative
   Unique and Innovative Aspects:

• Gamified Climate Action: Introduces "Play to Impact, Impact to Earn" for engaging users in carbon on-chain offsetting.
• Transparent Carbon Offsetting: Uses blockchain for verifiable, on-chain environmental actions.
• Historical Footprint Addressing: Focuses on offsetting Bitcoin's past emissions, setting a new standard.
• Community-Driven: Decentralized model where users directly contribute to and benefit from greening efforts.
• REC Integration: Links solar energy generation to Bitcoin's offset, promoting real-world benefits.
• Token Incentives: Rewards system that cycles value back into green initiatives.
• Web3 Carbon Standard: Aims to become a framework for Web3 carbon neutrality standard across blockchain applications.
• Ambitious Scalability: Targets 100% carbon neutrality for Bitcoin by 2050, influencing broader sustainability practices.

5. Is it open source?
   Yes, GreenBTC.Club's smart contracts are open-sourced. They have been deployed on other blockchain networks like Polygon and have been running successfully for over a year. All smart contracts are verified within the blockchain explorers, ensuring transparency and community trust.

6. Free or fee-based for end users?
   It's hybrid, depends on the phases of operations:
   Free Side: We occasionally offer programs such as Daily Giveaway to encourage community members to participate in greening journey for free
   Fee-based model: Community members need to purchase tokenzied renewable energy certificates for on-chain offset historical carbon footprint of bitcoin network. And There is on-chain offset service fee, which account for approximately 10% of the value of the tokenzied renewable energy certificates assets involved. These fees are crucial for ensuring the protocol's stable operation and its continuous technical evolution.

7. Interoperability with the Hashkey ecosystem

• EVM Compatibility: Ensures seamless integration with Hashkey Chain.
• Token Integration: Can utilize HSK for fees, rewards, or governance.
• Shared Infrastructure: Benefits from Hashkey's blockchain tech and compliance.
• Cross-Chain: Enhances functionality with Hashkey's interoperability.
• DApp Ecosystem: Adds sustainability-focused DApps to Hashkey.
• Liquidity Pools: Increases KWH(tokenzied renewable energy certificates asset) liquidity on Hashkey Chain.
• Incentives: Leverages Hashkey's community and developer programs.
• Regulatory Compliance: Aligns with Hashkey's compliance focus for credibility.

Market Analysis

1. Competitors and Differentiation
   Competitors:

• ECP: ECP is Ethereum Climate Platform, initiated by Consensys and other 20 companies in end of 2022, and its mission is to incentivize global community and fund the development to mitigate Ethereum historical carbon footprint and deliver the positive environmental impact into the future web3 society.
• Other Green Crypto Projects: There are various other initiatives in Web3 attempting to address sustainability, but they might not have the same focus or scale as GreenBTC.Club.

Differentiation:

• Core Mission and mechanism
  ECP focuses on offsetting Ethereum’s historical carbon emissions by funding and facilitating high-quality decarbonization projects globally. GreenBTC.Club aims to on-chain offset historical brown energy consumption of Bitcoin mining by motivating global community to use tokenzied renewable energy certificates, creating tokenized energy markets, and promoting decentralized carbon offset mechanisms for whole web3 ecosystem.
• Incentives and Participation
  ECP relies on voluntary participation by Ethereum-related projects and companies. GreenBTC.Club incentivizes individual users with Play-to-Impact campaigns, offering rewards like airdrops and ecosystem tokens for green actions.

2. Current User Base and Estimation Method
   Current User Base:

• 855k+ climate actions
• 160k+ blocks greened
• Offset 110+ million kWh of Bitcoin energy consumption
  View more dates here: https://app.greenbtc.club/dashboard/
  Estimation Method
• On-Chain Transactions of on-chain offset
• Unique Addresses: Count distinct wallet addresses interacting with the platform.
• Green Certificates: Track kWh issued/consumed to gauge impact and participation.
• Climate Actions: Monitor the number of community-initiated climate actions.

Recipient Address

0x92582f410C71e3F3c50BA6D8F5703A1ad11bdD80

Budget and Plan

1. Grant Size and Justification
   GreenBTC.Club is requesting a grant of 100,000 HSK to support the integration and deployment of its platform on the Hashkey Chain ecosystem. The grant will cover essential areas such as development, testing, community incentives, and marketing. Specifically, the funds will be allocated to adapt and optimize GreenBTC.Club’s smart contracts for Hashkey Chain, conduct audits to ensure security and performance. A portion of the grant will also be used to incentivize early adopters and promote awareness, enabling a successful launch and adoption within the Hashkey Chain community. This funding is critical to achieving a seamless integration and creating a scalable, sustainable inclusive climate action platform that aligns with Hashkey Chain’s ecosystem goals.

2. Project Execution Plan (Roadmap)

• The project will be executed in six phases.
  • In the first phase, GreenBTC.Club will conduct a detailed technical analysis of the Hashkey Chain infrastructure to finalize the integration plan.
  • During the second phase, the development team will adapt GreenBTC.Club’s smart contracts and token economy to ensure compatibility with Hashkey Chain.
  • The third phase involves deploying GreenBTC.Club on Hashkey Chain’s testnet, where rigorous functionality and performance tests will be conducted.
  • Upon successful completion of the testnet phase, the mainnet deployment will follow, enabling the full functionality of GreenBTC.Club on Hashkey Chain.
  • After the launch, GreenBTC.Club will initiate community incentive programs to attract users and encourage adoption.
  • Finally, in the scaling and optimization phase, the team will monitor performance, address user feedback, and explore new use cases to further integrate GreenBTC.Club into the Hashkey Chain ecosystem.

3. Token Distribution (Percentages and Initiatives)
   GreenBTC.Club’s token distribution is designed to balance development, growth, and sustainability.
   30% of the grant will be allocated to development and deployment costs, covering technical integration, audits, and operations.
   35% will be used for community incentives to reward early adopters, encourage staking, and drive user engagement.
   15% will fund marketing efforts, including promotional campaigns and educational initiatives to raise awareness of GreenBTC.Club’s deployment.
   10% will be reserved for ecosystem growth, supporting partnerships and long-term sustainability.
   10% will serve as a contingency reserve, ensuring the project’s stability and adaptability to unforeseen challenges.

4. Token Distribution Timeline
   The grant distribution will occur in four stages, tied to key project milestones.

• Upon approval of the grant, 20% of the funds will be released to initiate research, planning, and early development.
• 30% will be disbursed upon successful completion of the testnet phase, including performance testing.
• Another 30% will be allocated following the mainnet launch, enabling GreenBTC.Club to fully operate on Hashkey Chain.
• The final 20% will be released post-launch to support scaling, optimization, and long-term ecosystem growth.

5. Post-Incentives Sustainability
   To ensure long-term sustainability beyond the grant, GreenBTC.Club will leverage its robust token economy and revenue model.
   The ecosystem token will be used as a medium of exchange for purchasing tokenzied renewable energy certificates asset KWH, creating a consistent source of revenue.
   Transaction fees from the platform will be reinvested into the ecosystem to fund ongoing development and maintenance.
   A staking mechanism will incentivize long-term participation, rewarding users who hold and stake ecosystem tokens.
   GreenBTC.Club will also explore cross-chain collaborations and partnerships with on-chain offset service providers to diversify use cases and increase utility. These strategies will ensure GreenBTC.Club’s ability to sustain its operations and contribute to the growth of the HashKey Chain ecosystem.

6. Additional Accountability Info (Smart Contract Addresses, Wallet Addresses, etc.)
   GreenBTC.Club is committed to transparency and accountability throughout the integration process. The project team will share smart contract addresses upon deployment and provide a detailed report of the funds used for each phase. A dedicated treasury wallet address will be established for grant funds, ensuring clear tracking of all expenditures. Additionally, Regular milestone updates will be provided, detailing progress and key performance indicators, such as user adoption and transaction volumes. These measures will ensure the grant is used effectively and the project delivers its intended impact.

Hashkey Relationship

GreenBTC.Club is a universally inclusive platform empowering individuals to take impactful climate action. As a pioneer in Web3 carbon-neutral applications, GreenBTC.Club is building standards and protocols to drive the adoption of on-chain carbon offset. Deploying GreenBTC.Club on HashKey Chain aligns with this mission, leveraging its robust infrastructure to scale personal climate actions globally while establishing the future foundation for carbon-neutral Web3 ecosystems.

Problem Solved for Hashkey:
GreenBTC.Club addresses key challenges for HashKey Chain and delivers significant value:
Building a Climate-Action-Focused Ecosystem: GreenBTC.Club introduces personal climate accountability to HashKey Chain, enabling users to participate in on-chain carbon offsetting and green energy initiatives. This enhances the chain’s appeal to environmentally conscious individuals and businesses.
Establishing HashKey Chain as a Standard for Web3 Sustainability: By integrating GreenBTC.Club’s protocols for carbon neutrality and decentralized green asset trading, HashKey Chain positions itself as the go-to blockchain for future climate-conscious applications.
Expanding Network Utility: GreenBTC.Club’s user-friendly applications, such as “Play to Impact,” provide HashKey with increased transaction volume and cross-chain activity, connecting Bitcoin sustainability efforts with HashKey’s infrastructure.

Value Proposition to Hashkey:
Empowering Personal Climate Action: Together, GreenBTC.Club and HashKey will empower millions of individuals to take measurable climate actions by tokenizing their carbon offsets and energy consumption into blockchain assets.
Creating a Web3 Carbon Protocol: GreenBTC.Club’s Bitcoin Climate Protocol will establish a standard for carbon-neutral transactions on HashKey Chain, positioning both parties as leaders in Web3 sustainability innovation.
Global Outreach Through Collaboration: By combining GreenBTC.Club’s global climate action initiatives with HashKey’s market expertise, we will drive adoption of decentralized carbon accountability across Asia and beyond.

Growth Potential for Hashkey:
Deploying GreenBTC.Club on HashKey Chain will unlock the following growth opportunities and advantages:
Becoming the Hub for Web3 Climate Solutions: Hosting GreenBTC.Club on HashKey Chain ensures it becomes the backbone for future Web3 carbon offset protocols and decentralized green applications.
User Growth Through Personal Climate Engagement: GreenBTC.Club’s focus on individual users brings a new wave of participants to HashKey Chain, expanding its audience from institutions and developers to millions of personal climate activists.
Strengthened Ecosystem Appeal: By aligning with GreenBTC.Club’s carbon standards and protocols, HashKey Chain can attract a broader range of projects focused on green finance, energy tokenization, and environmental applications.

Commitment to Building on Hashkey:
GreenBTC.Club is committed to:
Deploying Personal Climate Action Tools: Launching tools and protocols on HashKey Chain that enable individuals to participate in carbon-neutral actions, including carbon credit trading, tokenized renewable energy, and gamified climate campaigns.
Establishing Web3 Carbon Standards: Implementing the Bitcoin Climate Protocol and expanding it into a universally applicable standard for decentralized carbon offsetting, all anchored on HashKey Chain.
Driving Ecosystem Growth: Actively promoting HashKey Chain as the foundation for Web3 sustainability solutions by onboarding green projects and fostering collaboration across the ecosystem.
Long-Term Collaboration: Ensuring ongoing support and co-development of HashKey’s climate-oriented initiatives to ensure the long-term success of both ecosystems.

Deployment Status:

• Preparatory Phase: Currently in the planning and preparation stage for deployment on Hashkey Chain. Given the EVM compatibility, a rapid deployment is anticipated once initiated, leveraging the team's prior experience with blockchain integrations.

Milestones

Milestone 1: Deployment of Core Protocols (Months 1–2)
• Deploy GreenBTC.Club’s Bitcoin Climate Protocol on HashKey Chain, enabling carbon credit tokenization and integration of personal climate action tools.
• Launch green energy tokenzied asset(kWh) on HashKey Chain and integrate their use for purchasing renewable energy certificates and offsetting carbon emissions.

Milestone 2: Launching “Play to Impact” Campaign (Months 3–4)
• Introduce a gamified climate action program, incentivizing users to earn rewards for taking measurable climate-positive actions such as offsetting emissions or supporting green projects.
• Build partnerships with HashKey ecosystem projects to integrate green energy applications and expand the campaign’s reach.
> Target Metrics:
- Daily Active Users (DAU): 100
- Monthly Active Users (MAU): 1,500
- On-chain offset transaction: 3,000

Milestone 3: Establishing a Global Carbon-Neutral Standard (Months 5–6)
• Expand the Bitcoin Climate Protocol into a broader Web3 carbon-neutral standard for use by developers and projects across the HashKey ecosystem.
• Conduct joint marketing campaigns with HashKey to position it as the leading blockchain for sustainability and decentralized green solutions.
> Target Metrics:
- Daily Active Users (DAU): 1,000
- Monthly Active Users (MAU): 5,000
- On-chain offset transaction: 10,000

Terms Confirmation

• I confirm that all information provided is true and accurate
• I understand and agree to comply with the grant policies
• I understand the KYC requirements
• I confirm token distribution complies with legal requirements

[SpectreMercury]

Thank you for submitting your project application. After careful evaluation, we have identified that the project requires further refinement in key areas including business model sustainability, technical implementation details, data verification mechanisms, fund planning rationality, and risk control measures. We suggest resubmitting the application after addressing these core issues. We will continue to monitor the project's development.