About TeroCoin

Now more than ever, the world needs humanity to connect in order to create, to heal, to grow, and to live in harmony. The English word “earth” translates in the Esperanto language to Tero.

Terocoin (TERO) is a digital currency which ties token-value to a real asset with the recognized intrinsic value thus resolving the principal barrier to entry that many people face when first hearing about cryptocurrencies and crypto-digital commerce

Features

Terocoin will utilize the measurement of square meters as a fraction representative of the value of each token created. That is to say that there will be as many Terocoins as square meters that have been acquired and preserved in the name of the Tero land trust. It will begin with a large piece of property of 1000 hectares located in a country internationally recognized as an ecological paradise: Costa Rica. The property will be allocated in square meters creating the first 10,000,000 TeroCoin tokens. As with Bitcoin, there are a limited number of coins that can exist, however, as with traditional economies, the currencies have actual physical backing.

One hundred percent of Terocoins will be backed at all times by land owned by the Tero land trust at a rate of one token being equivalent to one square meter of land held. At all times, the total number of Terocoins in circulation will be publicly accessible on Terocoin.org and the holdings of the Tero land trust are 100% auditable and publicly disclosed so that Terocoin’s users and other interested blockchain ledger parties can compare the total number of issued coins vs. the total square meters of land held, which will always be on a 1:1 basis

Technical Info

Terocoin will be launched as an ERC20 token on the Ethereum network, at its core all transactions will not depend on Proof-of-Work to process themselves, as part of our oxygen generating token, Proof-of-Stake is used.

Regarding the future of the project, important issues exceeding general day-to-day operations (example: In what country should the next batch of reserve lands be purchased?) will be voted upon directly by the users of the token. One token will be equal to one vote and decisions will be made according to the majority of the votes being cast. All voting will be blockchain based so there will be no possible manipulation regarding voted results.

TeroCoin Roadmap

 

  • Stage 1

  • We will issue a limited number of tokens based on a percentage of the land already held in trust by the Tero land trust. These initial tokens will be offered at an extremely competitive price (estimated to be $1.49 each) to qualified investors only. The initial funds acquired will be used to pay company debts incurred for acquisition of existing lands, for developing the technological infrastructure necessary for long-term operation of the coin storage and transfer ledger system, to cover legal fees for ensuring that the lands are only used as an ecological reserve forever,as well as to pay management fees of the land.

  • Stage 2

  • Tero coin will go to an initial open-to-the-public stage where tokens will be offered for sale directly to individuals and interested parties by Tero at a fixed price. At the present time it is believed that at this stage tokens will be offered at a rate of $2.99 each.

  • Stage 3

  • Tokens will not be able to be acquired directly from Tero.
    Instead, any tokens generated as a result of additional land acquisitions will be sold on
    the open market directly on exchanges that support Terocoin at the going market rate
    at the time of sale