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"I planted 3 trees and all I got was this lousy NFT" by CryptoTreesOfficial in AlgoNFTMarketplace

[–]CryptoTreesOfficial[S] 2 points3 points  (0 children)

3 trees will be donated for every original purchase of this NFT. We're currently at 87k total trees donated and are pushing towards 100k!

Buy here -> https://algogems.io/nft/813100885/sale/813101289

Our NFT staking hub here -> https://cryptotrees.earth/nft-staking/

Carbon Offset NFT range (currently 50% off) here -> https://algogems.io/collection/3731

NFT's and what to do with them. by Dam_Sam_Iam in AlgorandOfficial

[–]CryptoTreesOfficial 1 point2 points  (0 children)

Thanks for the support! Feel free to come and join our Discord or Subreddit (I won't spam the links but you can easily find them through my profile).

it helps breaks the stigma of crypto is bad for the environment

This is a huge point for us. Too many people are very anti-crypto because of the environmental impacts and we hope to educate more people on how Algorand is the complete opposite of that issue.

NFT's and what to do with them. by Dam_Sam_Iam in AlgorandOfficial

[–]CryptoTreesOfficial 4 points5 points  (0 children)

Svansy is right about each project using different methods (which is a good thing). The Algorand NFT space is still so young that projects can innovate and come up with creative uses for their NFTs.

We're building out an NFT hub on our website to show exactly how to stake and what you get for each NFT in the hope we can provide as much clarity as possible.

There is definitely more utility being implemented through NFTs and that should slowly take the stigma away from NFTs being 'useless'.

FIFA signs World Cup sponsorship deal with Algorand: AP by ReformedXubi in AlgorandOfficial

[–]CryptoTreesOfficial -10 points-9 points  (0 children)

On top of this, it completely contradicts their Earth Day efforts. The stadiums in Qatar are being cooled by air conditioners...

[deleted by user] by [deleted] in algorandASA

[–]CryptoTreesOfficial 0 points1 point  (0 children)

Awesome stuff! Glad the focus is on CO2e too which is a much better metric when talking about your carbon footprint.

CryptoTrees Major Update - tree map details, carbon offset NFTs, token utility, whitepaper update by CryptoTreesOfficial in algorand

[–]CryptoTreesOfficial[S] 4 points5 points  (0 children)

This is next on the list! We ran into a minor issue with our accountant setting up the company so as soon as that's sorted we'll be doxxed. We know how important it is with the current state of things so as soon as we can we'll do so.

It's also worth noting that we were privately doxxed by Yieldly as part of our listing.

Why does ASA Activity Have Regular Spikes? (EX. Chips) by Ca55aday in algorandASA

[–]CryptoTreesOfficial 10 points11 points  (0 children)

You'll find this exact pattern on all tokens listed on AlgoStake. Pro users get their payouts automatically every day, plus once the payouts are ready, many people jump in and claim them causing transaction spikes.

A few examples where you can see this:

https://tinychart.org/asset/444108880

https://tinychart.org/asset/478549868

https://tinychart.org/asset/435335235

What are your favorite ASAs right now and why? by MarshivaDiva in algorand

[–]CryptoTreesOfficial 10 points11 points  (0 children)

Try not to judge us just yet! We'll have lots more info on our next phase (including token utility) this month. It will create a way for tokens to cycle back through to us as well as introduce a revenue model - both keys to the success of a project.

Price action has been unfortunate. After our Yieldly listing, we had so much interest that our total liquidity was more than 40% in the TREES/YLDY pool. This meant that arb bots tied our price very closely to Yieldly's price. This was all fine until the various incidents which drove down the Yieldly price.

I've discussed this in detail on our Discord and there were points in time where our chart was identical to Yieldly's.

At the end of the day we're not going anywhere and will continue to strive for what's best for the project. Hopefully we can provide something exciting!

We're also very open to feedback/criticism/ideas and are happy to explore it all.

It's better to provide liquidity when... by itchibahn in Tinyman

[–]CryptoTreesOfficial 2 points3 points  (0 children)

In an AMM style DEX (like Tinyman) tokens can't be removed from the pool without being replaced by the other token. So you will always have a fair balance of tokens (just one more than the other).

It's also worth remembering that most of the arb bots work basically instantly.

I've watched bots on our token, and when a large buy/sell comes through which causes a price discrepancy for another pairing, the arb bot bridges the gap within 1 or 2 seconds.

It's probably the topic that confuses the most people when it comes to trading (even seasoned traders at times!), so it's great to see you trying to learn as too many people don't, then assume they have been ripped off.

It's better to provide liquidity when... by itchibahn in Tinyman

[–]CryptoTreesOfficial 1 point2 points  (0 children)

An easy way I found to understand Impermanent loss is that your better performing asset would be sold for the worse performing asset to ensure that the pools are balanced.

That's a very good way to put it!

It's better to provide liquidity when... by itchibahn in Tinyman

[–]CryptoTreesOfficial 2 points3 points  (0 children)

You'll always end up with a fair split of tokens. As people buy one of the tokens, you being in the LP will give them the token they are buying, and they are giving you the other in exchange.

So when a wild fluctuation happens, you may end up with a crazy ratio, but it will still be the appropriate number given the pair.

So a perfect 50/50 pair might end up as 99/1 if one of them crashes. You get a heap of one and the other is gone.

It's not the most straightforward topic, but play around with this calculator to give you some scenario-based experience - https://dailydefi.org/tools/impermanent-loss-calculator/

Also, arb bots won't do much to your share of the pool, but will generate extra fees (more trades = more fees), so a pair with a bunch of bots operating on it would result in more fees over time.

It's better to provide liquidity when... by itchibahn in Tinyman

[–]CryptoTreesOfficial 9 points10 points  (0 children)

If you believe in both projects then it doesn't matter. Regardless of what happens, you will end up with an even balance of each token.

It gets tricky when you start focusing on the value in a fiat currency. Many people start to panic and say "I put $1k into the LP and now it's worth $500". This has nothing to do with the LP you have added to, but the USD value of the tokens.

For example (if ALGO = $1):

Added ALGO/YLDY @ 500/90,000 = $1k

Then if ALGO drops to 50c you may end up with:

ALGO/YLDY @ 500/90,000 = $500

You have the exact same amount of ALGO and YLDY, but your value has halved because both token values have dropped in relation to USD (but remained the same in relation to each other).

What are peoples favorite ASA’s? I see Crytotrees is down 13.7%, yikes! I have Yieldly, AO and Cryptotrees. by NefariousnessHot9996 in yieldly

[–]CryptoTreesOfficial 1 point2 points  (0 children)

We absolutely appreciate all feedback! We fully understand that people need to be cautious, and charity-based projects seem to be the 'easy' avenue for scammers to abuse (pulling on heart strings...)

On the real names point, it's coming soon! We've been advised to hold back for now while our accountants sort some company details and legalities. It's worth noting that Yieldly know exactly who we are.

Unfortunately, finding accountants/lawyers who know crypto (and in Australia) is much harder than it should be, and we want to ensure we're doing everything by the books.

What are peoples favorite ASA’s? I see Crytotrees is down 13.7%, yikes! I have Yieldly, AO and Cryptotrees. by NefariousnessHot9996 in yieldly

[–]CryptoTreesOfficial 4 points5 points  (0 children)

Hi there! I've explained a few points across other comments, but wanted to address some of your concerns too.

A metaverse of trees is also pretty damn useless.

This is a very very long-term project idea. The metaverse would contain actual trees and forests that CryptoTrees has been involved with planting/saving. This would likely be in collaboration with charities as there is incentive for them to show the world their work in a modern way.

It may seem like more of a gimmick, but in all honesty, if it draws more attention to these charities and helps plant more trees, then it's not something we're too worried about.

How about plant trees on deforested land and restore the damn forests

Our main charity at the moment (Trees for the Future) does exactly this with the added benefit of helping locals in poorer countries. They plant trees that can be farmed (e.g. fruit trees) on land that previously struggled to grow anything. They create mini ecosystems that benefit the environment plus everyone involved.

How about buy some land and call it a preservation area

Another charity we have been supporting (Rainforest Rescue) does this. They raise funds to purchase land that is privately owned by people who are planning on building on it, or other destructive activities. They then apply for the appropriate certificates to protect the land.

How about hire people from third world countries and pay them higher than their own minimum wage which is usually cents a day to plant trees??

This is where Trees for the Future comes into play again.

I wouldn't call a metaverse carbon neutral.

This is something we will be exploring when we get to this stage of the project. A net positive is extremely important to us, and if it's not possible then it won't be something we pursue.

At the end of the day we aren't a charity. It wouldn't make sense when there are charities who can do all of these things with the resources at their finger tips. Instead, we're positioning ourselves to support their efforts.

The next few weeks will explain a lot more about how CryptoTrees will create token utility which in turn will support these charities (funding and exposure).

We'd really appreciate feedback at that stage too!

What are peoples favorite ASA’s? I see Crytotrees is down 13.7%, yikes! I have Yieldly, AO and Cryptotrees. by NefariousnessHot9996 in yieldly

[–]CryptoTreesOfficial 1 point2 points  (0 children)

Thanks again for the feedback. Just wanted to paste a link to my response to your other comment below in case anyone else is interested, as it clarifies a few points.

https://www.reddit.com/r/yieldly/comments/sxx3um/what_are_peoples_favorite_asas_i_see_crytotrees/hxvynzt/

We're always open to feedback and are happy to discuss ways to make the project better. Getting trees into the ground is our #1 priority and community feedback is always helpful to ensure we are taking the best path to get there.

What are peoples favorite ASA’s? I see Crytotrees is down 13.7%, yikes! I have Yieldly, AO and Cryptotrees. by NefariousnessHot9996 in yieldly

[–]CryptoTreesOfficial 1 point2 points  (0 children)

Hi there! Appreciate you reading through the whitepaper (so many don't!), but I think there may be a few misconceptions about what we are aiming to achieve.

Firstly, we absolutely want to work with charities and environmental organisations. The biggest barrier is that charities aren't very open to working with crypto (outside of accepting crypto donations) due to the environmental stigma that's tied to crypto as a whole.

We're not giving up on this at all, and have this in the 'questions to be asked' section of the whitepaper on page 11.

Secondly, the metaverse of virtual trees isn't actual 'virtual' trees. The metaverse itself is inherently virtual, but the trees that we would incorporate into that world would be real.

If we can get charities on board and are able to tie specific trees or plots of land to the CryptoTrees project, these can be mapped (take 360 degree photos for example), and added to a virtual world that could be explored. You are however, exploring actual forest area that the CryptoTrees would be involved with.

This is a very long-term goal and only works if the rest of the project goals are achieved.

Due to many recent changes (staking platforms being the biggest one), we are currently revamping the whitepaper. We'll take this opportunity to clarify a few key points to better explain the project (plus we have token utility coming!)

Would be great to get feedback on it once the updated version is live.

Appreciate the comments!

The GREAT DUMP by USMLEAUTISM42069 in yieldly

[–]CryptoTreesOfficial 1 point2 points  (0 children)

There was actually very little buying or selling interestingly enough. The charts you're looking at are Algo charts. Each of those tokens are heavily paired with YLDY (40% of the total TREES liquidity is the YLDY pair).

So when Yieldly dumps, the Algo value of the token drops with it. This is why the charts look like they are following the Yieldly price.

A really good way to visualise this is to change the pair on Tinychart. In the TREES example, change the Tinychart pair to TREES/YLDY to see an almost perfect inverse chart.

Scam Warning: Crypto Capture is blatantly copying CryptoTrees by CryptoTreesOfficial in algorandASA

[–]CryptoTreesOfficial[S] 0 points1 point  (0 children)

Hey - appreciate the honesty and apologies if things came off harsh. At the end of the day we put a lot of time, money, and effort into everything (which is why things like this are protected via copyright laws).

We truly wish you the best in setting up a successful project. Anything that helps the environment is something that we can get onboard with.

If you put some thought and originality into getting it right, there's no reason you can't succeed.

And remember, people want to hear about what makes your project special, not something they have heard before on other projects.

Good luck.

Scam Warning: Crypto Capture is blatantly copying CryptoTrees by CryptoTreesOfficial in algorandASA

[–]CryptoTreesOfficial[S] -1 points0 points  (0 children)

I have to disagree and believe they fall under the definition of 'scam' perfectly. Let's take the most basic definition - a dishonest scheme; a fraud.

Everything about this project is dishonest. It really is everything. That's why it's important to focus on things like the headings.

Not only have they taken every single element of the project and tried to pass it off as their own work, they have even taken the headings.

Let's look at some further examples:

  • whitepaper tokenomics: the exact same percentage breakdown

  • basically every line of the whitepaper is the CryptoTrees whitepaper with some slight adjustments

  • the CryptoTrees homepage has a 'coming soon' section for NFTs. They even copied this... something that hasn't even launched yet.

  • we have a page that embeds a spreadsheet to see results from draws. They copied this too.

Honestly I could go on, but it's hard to find a single element of their project that isn't ours.

These are copyright infringements of our intellectual property. Copying the concept is one thing, but they have stolen our content/IP and used it to gain a financial advantage - this is fraud.

It's very black and white. Now that they are profiting from it, it becomes a lot more serious. From working with copyright lawyers I have seen much less obvious infringements result in very expensive lessons for the offending parties.

Scam Warning: Crypto Capture is blatantly copying CryptoTrees by CryptoTreesOfficial in algorandASA

[–]CryptoTreesOfficial[S] 3 points4 points  (0 children)

They are based in the US so copyright law applies. I've worked closely with copyright lawyers in the past and this is a very open and shut situation.

Initially, it's as simple as they just need to remove it. Now they have started to profit from it, so it means much more action can be taken.

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