Data is valuable, it is the modern-day version of oil. In centralized systems like Facebook and Google, these corporations grant themselves ownership of your data.
In contrast, Livetree is decentralised, which means you are the only person who has control over your data. Your data is stored in a blockchain, which means it is transparent, you can see how it is generating money, and it is safe, no government, company or individual can tamper with it. You can control the fundamental economics of the platform by choosing where the money generated by the platform and where your data goes. The platform generates revenue from fees charged on royalties, this is broken into 3 areas that have been decentralised and controlled by a DAO of Seed NFT Collective Token (SEDC) holders.
Initially the split has been setup as follows however the percentages and other details are controlled through via a SEDC holder decentralized dashboard:
1) Content creators (50%)
2) Reforestation causes (25% via charity partners)
3) Technology Tokens (25%), converted into CELO (Celo) GLMR (Moonbeam) ETH (Ethereum) which are all swappable with our SEDC token.
This was a design consideration as the Web 3.0 technologies and as ecosystems grow we want the platform to be able to swap out and continually take advantage of the latest innovations in the blockchain landscape.
