🕑Duration

Time is on your side.

Users can purchase a plot of land in Ecolands, offsetting its carbon footprint for a period between 1 and 100 years. When a user purchases a plot, the calculated carbon offset by the purchase accrues daily to the user's Eco Profile.

For example, if we assume (for convenience of calculation) that one plot represents 365 tons of carbon, a user who owns that plot will accrue 1 ton of carbon per day towards their Eco profile. This configuration ensures that users who buy and sell sustainable NFTs in the form of plots can accrue the offset carbon reflected by that purchase.

A user can pay to extend their offset indefinitely and own a given plot in perpetuity so long as they continue to offset its carbon footprint. If a plot's offset period lapses, the NFT representing the offset is defunct and will no longer represent the respective plot in Ecolands. In this event, the plot goes back on the open market for sale. This process ensures that as the popularity of Ecolands increases, users retain the right but not the obligation to extend their duration of ownership over their plots while maintaining the ability to sell their plots should they so choose.

Additionally, it ensures that every plot sold will reflect the appropriate amount of carbon offsets purchased. Plot owners will soon have the ability to advertise on their plot, allowing for exciting marketing opportunities. In these ways, Ecolands ensures that first the Netherlands, and soon the world, remains carbon neutral for good.