FAQ – all questions and answers about Green Encoded projects.

Green Encoded uses an innovative new software solution and its own selected projects to create future models that use the digital world to protect the real world. Sustainable, verifiable values from real measures from various subject areas such as biodiversity, deep tech, sports and social issues are broken down into digital components. Companies can use modern blockchain technology to acquire digital shares and, inextricably linked to this, a guaranteed sustainable realization of the promise made. The complete transparency of the process creates the necessary trust. Making participation visible, e.g. in apps, strengthens credibility and promotes positive competition for sustainable behavior (gamification), especially among younger generations.

With the innovative new software solution and selected projects from Green Encoded, companies can for the first time involve all parts of our society – from young people to pensioners, from families to companies – in the necessary change process via a direct model. With the digital model based on blockchain, everyone who wants to change something is directly connected with those who can implement it for the first time.

Green Encoded is backed by a network of experts from all areas required for implementation, who have designed the innovative software solution and models for implementation. Relevant and suitable projects are developed and marketed together with selected project partners. Behind the technical concept is the digital agency Conversory and the law firm ScherbaumSeebacher as well as other partners from the fields of blockchain technology, sales, PR, marketing and project calculation.

A claim right on an Austrian legal basis to the respective shares of the selected project. With its projects, Green Encoded delivers not just a promise, but absolute digital ownership on an Austrian legal basis. Smart contracts create legal certainty in the identification of sustainable values and the commitment made within the respective projects and also ensure verifiability. The use of tokens and blockchain technology guarantees a fixed, unchangeable, transparent contract model with a reasonably limited term for each project in order to be able to react to future changes and new opportunities.

A smart contract is a digital contract that documents the claim rights associated with the shares. The General Terms and Conditions on an Austrian legal basis are also inextricably linked to this. Among other things, it defines rights, obligations, specific measures and the duration of the respective project.

A token is a digital value that is created with clearly defined content. By creating a token on a blockchain, this defined content is guaranteed and unchangeable.

No

Yes, this option is also available for selected projects.

The software solution is currently being programmed and planning is underway for the first projects in various subject areas as a first mover. The concrete start of the first project is planned for Q2 2024.

Companies can find out more at www.greenencoded.com and get in touch with the responsible contact persons for a further exchange. On the basis of a signed NDA, important information and documents can be requested and specific details on the projects offered and the possibilities of the innovative software solution can be passed on in an initial meeting.

At the start of the project, projects are to be implemented primarily in the EU region. An extension to other countries outside the EU is possible.

The Taxonomy Regulation is a legal framework that must be implemented by all companies at national level on the basis of the EU Green Deal and concerns sustainability, among other things. Transparent and measurable projects in accordance with the requirements of the Taxonomy Regulation are the obligatory basis for being able to report your sustainable commitment in future. The new software solution and the Green Encoded projects are designed to take this into account and comply with the points of the taxonomy regulation.

The acquired digital shares in projects launched in accordance with the Taxonomy Regulation can be recognized in the balance sheet in the value of the commitment and reported as part of a company’s sustainability commitment.

A digital share is a claim right to defined projects on an Austrian legal basis, which represents a new form of ownership with a meaningfully limited term and full transparency.

Prices per share may vary depending on the project. In principle, the purchase of a digital share covers all costs in accordance with the project specifications, including of the administration and the stated obligations to implement the promise made. These costs are always shown transparently for each project and share.

The number of shares offered depends on the type of project and the financial outlay for the sustainable implementation or fulfillment of the promise made, which is broken down on a pro rata basis to ensure that costs are covered over the entire term. This means that each project has different costs and therefore a different number of shares.

In principle, there is no restriction here. Anyone can acquire shares in any project in the desired or available number. Companies also have the option of creating their own projects based on a purchase of the innovative software solution and having them processed as a white label solution.

Every project has a different size and different costs for the sustainable implementation of the promise made. To ensure the widest possible range of projects, the costs of the shares per project or customer request must also differ for own projects.

The purchase is made on a computer or cell phone via a website, payment is made by credit card or cryptocurrency at the start or selected projects can also be processed as a donation. Subsequently, vouchers can also be used via the offers of selected sales partners.

Shares can either be purchased for yourself or passed on and given as a gift. The (new) owner must be registered for their respective shares. Resale via trading platforms is conceivable, but not in the spirit of the project.

Own digital shares can be managed online on a web platform or via one of the common wallet solutions.

The digital share is issued in the form of a token and registered on a sustainable blockchain. For each project, a different reasonable duration limit is planned to ensure that new legal requirements, changed framework conditions etc. or new opportunities can be taken into account. The digital share is issued in the form of a token and registered on a sustainable blockchain. The token is then archived.

Every buyer decides for themselves whether their sustainable commitment is publicly visible or remains anonymous. However, making it visible enables comparability and this creates positive and motivating competition (gamification), which should further inspire everyone’s commitment.

Making the shares publicly visible creates positive competition, which can be represented by a “hero ranking”. The wallet solution will also offer playful elements. Through animations and other features, the owners of the shares are accompanied in their commitment with fun and joy.

Green Encoded’s own projects do not themselves permit trading and the digital shares do not pay dividends. This means that no financial profit can be made from the purchase. With the purchase, you contribute to the implementation of guaranteed sustainability in selected projects for the agreed term – and thus receive an actually priceless “return” for the benefit of your own living space. The situation is different for companies’ own projects that use the acquired innovative software solution for their implementation. They can decide for themselves whether and to what extent their digital shares can be traded.

A sustainable blockchain relies on energy-efficient processes. This means that a “green catalog of measures” makes the operation of the blockchain climate-neutral. Green Encoded’s projects will use the Polygon zkEVM blockchain.

Green Encoded’s projects are based on selected topics and demonstrable values, making them tangible and directly tangible. It is legally secure, 100% (cost) transparent and not profit-oriented. For the first time, you don’t just receive a promise for your contribution, but a concrete ownership of real values that are guaranteed to be sustainable and implemented in accordance with the Taxonomy Regulation. It is a simple model that uses future technologies, involves the whole of society as direct participants and also brings the younger generation onto its platforms in the necessary change process.