1. Climate tokens

Primary market

The Climate tokens collections will initially be available on Keenest’s primary market with a KYC, and later on Keenest’s secondary market.

Each new Climate tokens collection will undergo a fundraising period lasting for z weeks. If the soft cap of x$ is not reached by the end of the period, the Climate token collection is burned, and investors are reimbursed. Investments can be made in stablecoin.

If this cap is reached, Climate Tokens are issued and distributed. The Climate Token thus represents each user's position in the pool. These NFTs are liquid positions that can be traded on a marketplace.

Additionally, a percentage (10%) of the proceeds from each Climate Token fundraising flows back into the DAO in stablecoin, as described in the “Infrastructure and stakeholders” part.

Utilities of the tokens

	Common	Rare	Legend
Access to Discord and Telegram for investors	⭐️	⭐️⭐️	⭐️⭐️⭐️
Priority access to the future sale of NFTs	⭐️	⭐️⭐️	⭐️⭐️⭐️
Goods, services or discounts offered by Climate Tech	⭐️	⭐️⭐️	⭐️⭐️⭐️
Governance power prior to the issue of the $KEEN	⭐️	⭐️	⭐️
Impact dashboard access	⭐️	⭐️	⭐️
Climate dividends	⭐️	⭐️⭐️	⭐️⭐️⭐️
Potential rewards in $KEEN and/or stablecoins	⭐️	⭐️⭐️	⭐️⭐️⭐️
Airdrop eligibility by accumulating points	⭐️	⭐️⭐️	⭐️⭐️⭐️

Exit and Rewards

Associated with these Climate Token, investors have the possibility to get rewards in $KEEN and stablecoin, when the DAO Keenest sells shares in the Climates Techs. The distribution between stablecoins and $KEEN will be voted by the DAO but will be initially calculated as described below.

Investors can choose to be paid in $KEEN or stablecoins. Above a certain price in $KEEN, part of the rewards is distributed in $KEEN, even for those who have chosen payment in stablecoins, to allow the treasury to accumulate stablecoins at an interesting price. The issue price in the formula could be replaced by another reference price, if decided by the DAO.

Reward formula		Choice 1	Choice 2
Token Price	min $KEEN	$KEEN	Stablecoins
(Issue Price - 50%)	0%	100%	100%
(Issue Price - 25%)	0%	100%	100%
Issue Price	10%	90%	90%
(Issue Price + 25%)	20%	80%	80%
(Issue Price + 50%)	30%	70%	70%

The Climate Token investment product will end once Keenest sells the shares of the Climate Tech. Climate Token holders receive rewards associated with the performances of the company. The amount of rewards is not guaranteed, it depends on the valuation of the Climate Tech at the time of exit.

In the event that the investor wishes to withdraw their initial capital sooner, they can sell their position on the secondary market.

A fee will be taken from the redemption, which will be distributed to the DAO, which will hold part of it in its treasury, reinvest and buy back and burn the other part.