Kokonut V1 Farm at a Glance

Project Specifications

📅 Dates

Start date: TBD

💰 Forecasted Budget

Estimated budget: TBD

📐 Size & Location

~628,860 square meters

💸 Source of Funding

TBD

🤑 Revenue Streams

  1. Organic Produce
  2. Coconuts Wholesale
  3. Derivatives

⚖️ Governance

TBD

🔂 Token Allocation

  1. 40% Liquidity Providers
  2. 40% Land Owners
  3. 10% Kokonut Network
  4. 9% To be allocated

🍀 Public Goods

1% via Kokonut Foundation

Farm Overview

Kokonut V1 will yield millions of coconuts annually, enabling us to generate multiple revenue streams across numerous verticals.

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. This variety of coconut yields approximately three hundred (300) fruits per plant.

Through the development of this project, the organization seeks to create hundreds of direct and indirect jobs. These jobs will focus on essential agricultural tasks such as applying nutrients, fertilizers, irrigation, and harvesting.

Local Problem

Poor land management practices lead to deforestation, endangering local ecosystems and wildlife. Additionally, the municipality suffers from high poverty, limited job opportunities, and low levels of education. The coconut industry also faces significant challenges, with high demand both locally and internationally, but insufficient annual production to meet market needs.

Solution

Our solution focuses on integrating 1,000 plots of land under sustainable agricultural practices to boost coconut production and address the municipality’s social and environmental challenges. We aim to reduce deforestation and conserve the environment by promoting responsible land use. This initiative will also generate new employment opportunities, help alleviate poverty, and contribute to improving education in the community.

By incorporating these plots into the national production system, our project will not only strengthen the coconut industry but also bring about significant positive changes in the socio-economic landscape of the region.

Public Goods

Many communities lack access to essential public goods, such as education, healthcare, and infrastructure, which are vital for their well-being and development. This gap often results from insufficient investment and support, particularly in underserved areas.

Businesses are increasingly approaching this issue by dedicating a portion of their profits to public goods. In recent years, many companies have adopted policies that allocate 1% of their total revenue to these essential services, such as education, healthcare, and infrastructure.

This approach not only benefits the communities where these businesses operate, but also helps ensure access to necessities for all.

By investing in public goods, companies are showing their commitment to social responsibility and the well-being of both local and global communities.

6 Dimensions of Community Impact

  1. WHAT – The objective is to test our thesis by building and developing syntropic plantations via a community-centric model, which intersects real-life communities, web3 communities, and global culture. The outcome of this investment will create a perpetual asset that will improve people's lives in every aspect.

  2. WHO – The families who own the land where the project will be developed are underserved in every aspect, including education, finances, health, and opportunities. In Latin America, jobs and the economy mainly function in big cities, and the countryside is typically marginalized or taken advantage of by large corporations. A blockchain-based co-op can help remove many of these barriers.

  3. HOW MUCH – Approximately 50 families own the land for the Kokonut V1 Syntropic Farm with 300+ direct beneficiaries looking to expand beyond fruits & vegetables by Coconut By-Products, and the project will create dozens of direct and indirect jobs. This will be life-changing for everyone, as it will provide opportunities and value for at least 10 years.

  4. CONTRIBUTION – Underserved individuals depend on these types of projects and new concepts that open doors to new paradigms and possibilities. The current system's criteria and entry level are very high, making it difficult for those who cannot meet their standards.

  5. RISK – We have several fail safes in place, such as agricultural insurance, open-source cloud accounting systems, government and community oversight, and technical support from government agencies.

  6. PUBLIC GOODS – Kokonut V1 Farm will be allocating 1% of its net profits as donations toward the Kokonut Foundation to further help with its mission.

8 Forms of Capital

Implementation and Measurement Strategies

Capital
Implementation
Measurement

Natural

  • Partner with local environmental agencies to conduct soil and biodiversity assessments before planting.

  • Develop a phased planting schedule over 3 years to establish the 15,000 coconut tree farm.

  • Implement a drip irrigation system and mulching practices to conserve water.

  • Annual soil quality tests (measuring organic matter, nutrient levels, and microbial activity).

  • Quarterly biodiversity surveys to track changes in local flora and fauna.

  • Monthly water usage metrics compared to traditional farming methods.

Financial

  • Secure initial funding through a combination of grants, impact investments, and microloans.

  • Establish a transparent financial management system with regular audits.

  • Create a dedicated fund for the 1% public goods allocation.

  • Monthly revenue tracking from coconut sales and by-products.

  • Quarterly financial reports including profit margins and return on investment.

  • Annual impact report detailing the use and outcomes of the public goods fund.

Social

  • Establish a local hiring program with clear job descriptions and skill requirements.

  • Form a community advisory board to guide project decisions and community engagement.

  • Develop a schedule of monthly community events and workshops.

  • Quarterly employment reports (number of jobs created, wages, employee satisfaction).

  • Annual community surveys to assess project perception and community cohesion.

  • Track attendance and feedback from community events and workshops.

Human

  • Develop a comprehensive training curriculum covering all aspects of sustainable syntropic farming.

  • Partner with local schools to integrate agricultural education into their programs.

  • Launch a mentorship program pairing experienced farmers with new entrants.

  • Pre and post-training assessments to measure skill acquisition.

  • Track the number of students participating in agricultural education programs.

  • Annual assessment of mentorship program (number of pairs, satisfaction rates, skill transfer).

Material

  • Conduct a community infrastructure needs assessment.

  • Develop a 5-year infrastructure development plan.

  • Establish partnerships with local construction firms and material suppliers.

  • Quarterly progress reports on infrastructure projects (completion rates, budget adherence).

  • Annual community surveys on satisfaction with new infrastructure.

  • Track usage rates of new facilities (e.g., processing units, storage facilities).

Intellectual

  • Establish a research partnership with a local university.

  • Create an online knowledge-sharing platform for farmers.

  • Implement an innovation challenge program for coconut waste management solutions.

  • Number of research papers published annually.

  • Monthly metrics on platform usage (active users, content uploads, knowledge exchanges).

  • Track the number and quality of innovations produced through the challenge program.

Cultural

  • Conduct interviews with elder farmers to document traditional practices.

  • Organize an annual coconut festival celebrating local agricultural heritage.

  • Develop a school program teaching the cultural significance of coconut farming.

  • Create a database of traditional farming practices and track their integration into current methods.

  • Measure attendance and economic impact of the annual festival.

  • Survey students' knowledge and appreciation of local agricultural heritage before and after the school program.

Health

  • Conduct a community health needs assessment.

  • Partner with local health providers to expand services using public goods funds.

  • Implement a comprehensive occupational health and safety program for farm workers.

  • Annual community health metrics (access to healthcare, common health indicators).

  • Track usage of new or expanded health services.

  • Monitor workplace accident rates and health outcomes for farm workers.

Categories for Annual Reports

  1. Environmental Impact: Annual carbon sequestration rates, changes in local biodiversity indices.

  2. Economic Impact: GDP contribution, changes in average household income in Las Salinas.

  3. Social Impact: Changes in community well-being indices, education rates, and health outcomes.

  4. Sustainability: Annual sustainability audit measuring progress across all 8 forms of capital.

By implementing these strategies and consistently measuring outcomes, Kokonut V1 can ensure it's making tangible progress across all forms of capital.

Learn more at Kokonut Data Hub

Impact Tracking and Measurement

We will track and report on the environmental and social impacts of our project using the EBF Framework for Environmental & Social Impact Reports.

We employ several eco-friendly practices to reduce greenhouse gas emissions and enhance carbon sequestration:

Area of Impact
Methodology

Methane (CH4)

  • Using seaweed-based organic fertilizers

  • Collaborating with local farmers to incorporate seaweed in cow feed

Nitrous oxide (N2O)

  • Using 100% organic, in-house produced fertilizers

  • Implementing manure management strategies

  • Employing cover crops and crop rotation

  • Adopting no-till or reduced tillage practices (syntropic planting)

  • Integrating trees and agroforestry

Carbon Sequestration

  • Implementing regenerative agriculture practices (estimated 0.4-1.2 metric tons of carbon per acre per year)

  • Creating food forests

  • Tracking land productivity and organic produce yield

Ocean Impact

  • Collecting seaweed for fertilizer production

  • Organizing beach cleanups

  • Restoring marine habitats by reducing oceanic trash

This holistic approach minimizes agricultural carbon footprint, promoting soil health, biodiversity, and restoration of marine ecosystems.

Agriculture Tech & MRV Features

Monitoring in the Implementation of Regenerative Agriculture 🔍

We will monitor the plantation using remote sensing technologies (drones and satellite photos), and through satellite monitoring combined with climatic data, we will analyze the health of vegetation and crops. For satellite monitoring, we will implement images from Landsat 8 and Sentinel satellites combined with advanced analysis tools.

Using satellite images, we will analyze vegetation indices, combining different bands where one of the sensors of Landsat 8, Operational Land Imager (OLI), uses 9 bands in the visible light and near-infrared spectrum. Another sensor of Landsat 8, the Thermal InfraRed Sensor (TIRS), operates in the longwave infrared range. The satellite provides images with moderate resolution, ranging from 15 m per pixel in the most accurate bands to 100 m in the longwave infrared, where precision is not critical.

Also, through the use of drones, we will fulfill multiple functions, such as mapping different areas, analyzing vegetation indices, and monitoring crops, and diseases. This will result in a reduction in production costs, increased efficiency and productivity, time savings, and better management decisions.

Through the use of soil moisture probes, the following three key parameters will be measured:

1. Volumetric Water Content: Determines the amount of water present in the soil in relation to its total volume, providing an accurate measurement of moisture levels in the various soil layers.

2. Electrical Conductivity: Measures the soil’s ability to conduct electricity, which is an important indicator for assessing soil salinity and nutrient availability.

3. Soil Temperature: Records the soil temperature, a crucial factor that influences the biological and chemical processes affecting plant growth and development.

Ground Analytics

  • Crop Cycle
  • GPS Location
  • Plant Analysis
  • Soil Analysis
  • Water Analysis
  • Soil Texture
  • Weather
  • Diseases
  • Irrigation Program

Technologies & Tools

  • Silvi for Individual Plants Tracking
  • Atlantis App for 3rd Party Attestations
  • QGIS for analyzing vegetation indices
  • Pix4Dcapture for drone flight planning

This information enables more efficient and sustainable management of irrigation and nutrients, improving both crop yields and the conservation of natural resources.

NDVI (Normalized Difference Vegetation Index)

It is the most common vegetation index in remote sensing. We will use it throughout the crop production season, except when vegetation and its canopy are too sparse, as its spectral reflectance is too low.

Fórmula: NDVI = (NIR – RED) / (NIR + RED)

ReCl

The ReCl vegetation index responds to the chlorophyll content in leaves, which is nourished by nitrogen. ReCl reflects the photosynthetic activity of vegetation. We will use it during the active development phase of the vegetation.

Fórmula: ReCI = (NIR / RED) – 1

NDRE

It combines the spectral bands of near-infrared (NIR) and a specific band for the narrow range between visible red and the transition zone (the so-called red-edge region). We will use this index to monitor crops that have reached the maturity phase.

Fórmula: NDRE = (NIR – RED EDGE) / (NIR + RED EDGE)

MSAVI

It is designed to mitigate the effects of soil on crop monitoring results. Therefore, we will apply it when NDVI cannot provide accurate values, especially with a high percentage of bare soil, sparse vegetation, or low chlorophyll content in plants. We will implement it at the beginning of the crop production season when seedlings begin to establish.

Fórmula: MSAVI = (2 * Band 4 + 1 – sqrt ((2 * Band 4 + 1)2 – 8 * (Band 4 – Band 3))) / 2

We will share all geospatial and non-geospatial data vector data, raster data, and reports with the entire community. The data will be published under a Creative Commons license (Attribution 4.0 International - CC BY 4.0).

Sustainable Development Goals

Community-Owned Syntropic Farm and SDG Alignment

No Poverty

By diversifying local food production and creating value-added products, it reduces dependency on external economic factors.

Zero Hunger

The integration of trees and crops (agroforestry) provides diverse nutritional options year-round. By preserving traditional crop varieties and farming techniques, the farm also contributes to long-term food security and sovereignty.

Decent Work and Economic Growth

The focus on sustainability ensures long-term economic viability, while the community ownership model promotes equitable distribution of benefits.

Life on Land

The syntropic farm actively enhances terrestrial ecosystems, creating a habitat for diverse flora and fauna. It demonstrates how agriculture can coexist with and support natural ecosystems.

Kokonut V1 Disclaimer

Forecasts on this site are published in good faith 💚

Market conditions may change at any time. We used weighted averages as metrics based on multiple market sources and wholesalers.

The value derived from the plantation will go to the DAO. An open-source accounting system for transparency is available.