Why, Who & What
Description & Scope
This project will benefit the entire society of the Municipality of Las Salinas, Barahona Province, Dominican Republic. The coconut plants will be planted 7.5 x 7.5 meters apart, equating to ninety-six (96) plants per acre of land, or 60,000 plants across the six hundred and twenty (620) Acres of land. This variety of coconut yields approximately three hundred (300) fruits per plant, resulting in an annual yield of 18,000,000 units. The Kokonut DAO treasury will receive 100% of the profits.
The organization seeks to create 10,663 direct and indirect jobs through investments in this project. These jobs will focus on essential agricultural tasks such as weeding, applying pesticides and fertilizers, irrigation, and harvesting.
Nutrition Facts
Kokonut V1 Shares
DAO Voting Share = $20
DAO Non-Voting Shares = Provide Value to the Network
Amount to Raise = $1,200,000 TBC by Green Paper
Total Voting Shares: 60,000 [DAO Voting Members].
Total Non-Voting Shares: 90,000 [landowners, DAO Treasury, Community, Contributors, Bounties, and Core Team].
Plantation Capacity
The coconut tree capacity stands at a remarkable 60,000 trees, with an expected total coconut production of a whopping 18 million. The land size for this incredible plantation is a generous 620 acres, and the peak performance of these trees is around 20 years. This project is designed to have a perpetual longevity, meaning it will continue to produce coconuts for generations to come. From seed to tree, the waiting time is approximately 3 years, ensuring a steady and constant supply of coconuts for years to come.
Public Goods 1% Revenue
Companies are increasingly recognizing the importance of investing in public goods, and are taking the lead in dedicating a portion of their profits to ensure that these goods are available for everyone. In recent years, many businesses have adopted a policy of allocating 1% of their total revenue to public goods, such as education, healthcare, and infrastructure.
This has a positive impact on the communities in which these businesses operate, helping to ensure that everyone has access to necessities and services. By taking this step, businesses are demonstrating their commitment to the welfare of their local and global communities.
Valuation (+NPV)
- The Valuation is for 60,000 Voting Shares and 90,000 Non-Voting Shares, totaling 150,000 shares.
- DAO Members have 100% of the Voting Power.
- This investment has a positive Net Present Value (NPV), indicating that the projected earnings are greater than the anticipated cost, making it profitable.
An interactive forecast calculator based on one source of revenue with prices lower than the actual market.
This forecast also includes a rewards’ calculator for DAO members, allowing them to view the benefits of their contributions over the next ten years. The calculator allows members to estimate Revenue, Expenses, and other costs associated with Kokonut V1 over the next 10 years, and accurately predict the rewards they could receive. This invaluable tool helps members plan their contributions and make informed decisions about their involvement in the DAO.
The municipality of Las Salinas is located in the province of Barahona. It is bordered to the east by Cabral, to the west by Mella, to the north by Neyba, and to the south by Polo.
The municipality was elevated to the category of a municipality on March 1, 2001. It has a population of 5,229, of which 4,427 live in the urban zone (94%) and 802 in the rural zone (6%). The municipality is located at an altitude of 269 meters, with a territorial extension of 126.55 km2 and an approximate population density of 41 inhabitants/km2.
It is important to note that the project will have a positive impact. This is due to a great plan that takes into account integral aspects of design, execution, monitoring, and follow-up activities. The benefits for the communities and their inhabitants have been considered, with specific objectives to accomplish.
Census data shortages and social inequities have resulted in a decrease in population due to emigration, lack of opportunities, and commercial isolation from the exportation of raw materials. As a result, 16.4% of housing is currently in precarious conditions.
In 2019, the community lacked Internet access, school enrollment decreased between one school year and another, and access to health and clean drinking water did not present a decent picture either.
The soils are classified as Class III, with a topography that is flat, hilly, or gently sloping, and with some limiting factors of considerable severity.
Local Economic Development
The municipality has a salt and gypsum mine located on a hill, which is the main economic activity. The Salt and Gypsum hill covers an area of approximately 21 km², composed of powerful layers with intercalations of soft clayey shales. It is estimated to contain 800 million metric tons of gypsum and 70 million tons of rock salt, making it the second-largest deposit in Latin America.
The municipality of Las Salinas has considerable mining resources. The salt and gypsum mines are one of the most important and are currently being exploited, representing the main economic activity and source of employment. In contrast, many deficiencies and collective needs of the inhabitants depend on agricultural products such as bananas and plantains, among others. This reality fits the pattern of development promoted by investors, where the usufruct of resources of the territories is not reflected in the quality of life nor the welfare of the people of the communities. The social commitment of businessmen and investors is null, with no return or compensation for the effects on the natural environment and a total absence of human sensitivity.
One of the main objectives of Kokonut Network is to distribute the benefits in the municipality, positively impacting hundreds of families.
Mina de Sal y Yeso, Las Salinas, Barahona, República Dominicana © Armidis Díaz All rights reserved.
The execution of the project will take place in a life zone of dry subtropical forest, we will intervene in the strip that extends from the municipality of Las Salinas, province of Barahona, to the municipality of Duvergé, province of Independencia.
Location map of the project. © Juan Rijo Peguero
This life zone is characterized by sunny and clear days most of the time. These conditions are ideal for coconut cultivation. This project will be executed with the highest quality standards and be committed to preserving the natural resources of the area. It will generate employment for hundreds of families, bringing hope and prosperity.
Here you can find 52% of the existing orchids and 32 endemic species. The coconut plants will be a refuge for many species that have lost their habitat.
Revenue Streams
Our V1 Plantation consists of 60,000 coconut plants, producing roughly 18 million coconuts annually. The average local wholesale price of $0.45 translates to $8.1 million per year. We are already working on connecting with transnational buyers to export our product and increase revenue.
Coconuts are one of the most versatile fruits. They can be used to make coconut milk, oil, body cream, water, and many other products. This makes them highly valuable in the agricultural sector.
We will produce and sell coconuts, as well as create products such as coconut milk, water, pulp, and cosmetics for both retail and wholesale markets.
Kokonut V1 Disclaimer
Market conditions may change at any time. We used weighted averages based on multiple coconut market sources and wholesalers.
Shareholders are eligible for rewards based on their share allocation size. An open-source accounting system for transparency is available.
Kokonut DAO members should adhere to the pre-defined guidelines and pledge not to vote on proposals to issue shares once we reach the 60,000 shares limit for Kokonut V1.