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OFP AMA: The $OPN Token
Recorded: July 22, 2025 Duration: 0:26:28Space Recording
Short Summary
OFP is gearing up for the launch of its OPN token, with a token sale planned for Q4, aiming to integrate environmental assets into the financial ecosystem. The project is also expanding its community engagement through initiatives like the Community Galaxy, which rewards active participants, and highlights the growing trend of carbon credit monetization.
Full Transcription
Thank you. Thank you. Hi guys, should we get started today on our first community hey hey hi luke
how's it going it's good kate thank you how are you i'm good. I'm excited to finally have the conversations that we've all had, like just us, for years.
And now we will do it in front of everybody.
Absolutely. It'll be fun to crack open the hood and talk a little bit more about what we've been building.
what we've been building. Exactly. Perfect. Monza, how are you doing today?
Exactly. Perfect. Manza, how are you doing today?
What's up, y'all? Doing good. I can't see any of the other speakers, so I don't know if you're
unmuted or not. So I'll try not to, you know, interrupt people, but we'll just roll with it.
Always some bugs here on the good old Twitter spaces. But yeah, excited to talk token, which is
what we've always wanted to talk about with OFP, at least me. So glad to be here.
Yeah, yeah. No, literally for months, actually, yeah, more than months, year plus,
we've been getting at the bait for it. So let's just jump into it. We will start off with some like
kind of basic questions. Monza has some community questions to share. And then after that, we will
open up for whoever wants to like ask directly and we'll try to answer your questions as best
we can. But just before we begin, maybe some intros. I'm Kate. I'm head of comms at OFP.
before we begin, maybe some intros. I'm Kate. I'm head of comms at OFP. And yeah, we've just
been building for a long time now, but I'll let my other friends introduce themselves.
Yeah, I mean, y'all know me. I'm Manza. I've just been running socials and some more of the
community engagement side of things for OFP for a while and some of their marketing.
You know me, though. What's up, Luke? Maybe you should introduce yourself.
Give us a little bit of background on you and on how you got involved with OFP and what you do over here.
Yeah, thanks, Monza. I just got to say big fan of everything you're doing for us. So I really appreciate it.
a vast network of smart contracts and different types of software interfaces that we have
that allow us to help get trees in the ground and create positive financial incentives for
doing so.
So we've been building the WebP for almost five years now.
It's been a pretty cool effort.
We've integrated some pretty amazing different types of technologies in and around
Web3. So we have like different prediction markets that are involved and integrated inside
OFP or the validation network. We have smart contracts that manage lots of different aspects
of the protocol. We've built everything to be decentralized. And so we have a really cool way
of structuring access to the protocol through
our different user interfaces and and different kind of near based access mechanisms and yeah
yeah so there's lots of other stuff in there so I was just gonna say I think that's the perfect
segue into the the next topic which would just be near and how maybe if you I don't know if you
want to say how you got involved with near I don't know if you want to say how you got
involved with near i don't know if it was just like you got involved with ofp and you know that
that was your intro to near but maybe that and then why ofp chose near for their uh or you know
why why we chose to build on near i think that would be a good story here. For sure. Yeah. Yeah. It's a, it's a, um,
when we first started building,
there were a lot of different chains that we could choose from and, uh,
there still are, uh, you gotta be kind of careful though,
because you don't know, um,
about how the longevity of certain chains will be. Uh,
but we chose near because of a variety of factors. One, we knew
some of the people involved. So we knew that it was a pretty legit L1 proof of stake chain. We
wanted a proof of stake chain or at least something that had a really low transaction cost, which NIR
does. Low energy consumption rate for the transactions.
So like I think near has a pretty low carbon footprint overall, which is good.
And it's also pretty user friendly.
So we knew that we were going to be onboarding people managing forest
projects around the world.
And these people would have different cultural and technological literacy
backgrounds. And so we needed a kind of mediating platform in Layer to apply to a broad array of folks.
And NIR did the job for us.
So some of the reasons why.
I think also like with NIR and just the community as well, like it's a very supportive and accessible community to be building on in terms of like the usability of the folks that are using it is superp we have it you know it mostly serves you know
projects uh retail those different demographics around the world and so i think that's why it
also felt really like intuitive to build on from the start
that's a lot of the same reason that uh that we all love near right yeah the usability the use of
it and uh yeah i don't know if you want to talk like the app because i know you mentioned a little
bit like we've got it we've got people all over the world like using things so that might that
might be something to talk about yeah that's not even talking more about like carbon credits and
stuff like that but i just don't know where you want to go next or kate if you want to take over something to talk about yeah that's not even talking more about like carbon credits and stuff
like that but i just don't know where you want to go next or kate if you want to take over but
yeah yeah either one yeah yeah well actually that's that's a good idea for like maybe luke
do you want to kind of introduce the product stack um and what yeah kind of like the basic
product stack of ofp um well what we've been building and kind of like the basis of it.
I think that's a great place to start.
Yeah.
Where you, I think kind of the main, you know, the main thing to keep in mind about OFP is that it's pretty,
the main purpose of OFP is to help get trees in the ground and is to create different types
of financial incentives that allow people to plant trees.
And so whenever we first started getting into this business of tree planting, we were like,
OK, how do you how do you make sure that there are financial incentives for people to plant
that there are financial incentives for people to plant trees.
trees?
And one of the ways that you had to do that was to really be able to show the proof of the trees on the ground.
So we saw that and we were like, okay, showing proof of trees on the ground,
that means that we need a certain degree of transparency.
transparency. We need a certain degree of traceability. And we also need some type of
We need a certain degree of traceability.
like user interface that people could connect to, upload data from, and then show that on a super
cool transparent ledger of sorts. And so we knew the blockchain would serve as kind of the database
for hosting all that data. And so we have a mobile app that
allows people to upload data from like their forests to show proof of life of the trees
that they planted. They also collect measurements of those trees. And that's what helps kind of
quantify the carbon credits. So carbon credits are basically a way of quantifying the amount of
carbon that you pull out of the atmosphere
and store in the biomass of trees.
Because as we all know,
we've been pumping a ton of carbon
and other types of greenhouse gases
into the atmosphere for the past few hundred years.
And those are causing negative impacts on the climate.
And so as a result of that,
one of the mitigation techniques
to help prevent bad effects from climate change is to plant trees and take carbon out of the atmosphere to prevent that kind of greenhouse gas warming effect on the planet.
So basically what we're doing with the carbon credits is quantifying the amount of carbon tree store.
So all that data gets collected in the app.
It's collected in the app.
It gets stored in a product called the project operator dashboard.
It gets stored in a product called the Project Operator Dashboard.
It gets put on the blockchain, and then that data gets validated by our various validators.
So you can see more about all the different products that we have, but basically that in itself is like four different products.
The app, the dashboard, the Atlas, where we show all the data, and then the validation mechanism that we validate that data
for. So that's all part of it. And then there's a few other products that are kind of auxiliary,
like the wallet that helps people navigate the OPN token and the OCC token, the carbon credit
that gets generated. And yeah, there's other stuff involved. There's also like a bundle of smart contracts
that are all inside of that. But that's pretty much the product stacked at a high level overview.
I love it. Thank you, Luke. And you touched upon the golden word there as well, the OPN token,
the golden word there as well, the OPN token, the wallet.
What is this, I may ask?
We're going to get into it.
I have no idea.
I'm kidding.
Yes, I just, yeah, I'm so excited to finally ask, honestly.
It's been a long time coming.
Yeah, I can definitely talk
to the community. Have we not talked about this publicly? Have we not talked about the OPN?
We've begun sharing about it, and the token website is live. Link in the bio of OFP for
those who are listening if you're curious on the full text. But we have not talked about it live,
talked about it. So this is exciting. This is definitely an exciting
time. So yeah, maybe if you want to give us a really brief kickoff, Luke, and then I can kind
of like, follow up with all of that in relation to the crypto community. And we can just kind of
start chatting from there. And then Monza, if you have any questions as well,
feel free to like bop in and ask anything that we're missing.
bop in and ask anything that we're missing.
Yeah, well, I guess maybe, Kate, you should take the lead on kind of talking a little bit about the token,
because happy to do so as well and talk a little bit about the background of the development of it,
its role within the protocol, maybe, and sort of the different functionality that it has.
But yeah, let me know what you think is the best way to go about that.
Yeah, I'll give a brief overview of like kind of the ethos of it. And then if you want to dive
into that stuff, I think that'll be most helpful for sure. So I think the first thing to kind of,
yeah, the first thing to kind of like think about here is the value of carbon and where that lies in relation to the retail space. market, it's essentially an $8.6 trillion, you know, ecosystem value, according to Kinsey
research, that is currently still off chain, right? And so this includes any kind of environmental
asset. This is forest, this is like mangroves, this is peatlands, this is like a full stack of,
you know, basically ecosystem services that each day, you know, provide something for the earth and that
now we want to be able to quantify to a, you know, restore, you know, protect, save them,
but also to bring that direct environmental value into our financial system.
It's long lasting and it matters, right? So, you know, currently 99% of global forests are, you know, they produce
unmonetized carbon. There's, you know, I mean, in general, the $95 trillion global economy depends
on nature. So there's a lot of, you know, foundations for why we would choose to bring
natural assets on chain. And OFP is kind of like, you know, it's kind of the full stack system for
doing so, starting with forests. So this is kind of where like you know, it's kind of the full stack system for doing so, starting with forests.
So this is kind of where like the value proposition of OPN emerges. I think for me,
the coolest part about OPN is that it actually grows in value over time, right? So the token is directly correlated to the carbon, the open carbon credits that are being minted on the protocol.
the carbon, the open carbon credits that are being minted on the protocol. And over time,
as more natural assets are created on OFP, as more carbon credits are created, basically as
more trees grow in the ground, therefore the value of a token grows. So it's really something that
it grows in value in relation to something that's actually growing in real life.
And that's kind of the foundation.
So I'm just yeah, I'm going to I'm going to go out with that.
And then, Luke, maybe do you want to kind of dive into like the mechanisms of, you know,
distribution to validators, maybe a bit about planting and then kind of maybe how it works
within relation to the wallet and stuff just to kind of give folks like a really basic overview
of of token and OFP.
Absolutely. I thought that was such a good, such a good description, Kate. Yeah, it's definitely
a very cool. Basically, I mean, like, you know, if you care about, if you care about trees,
and if you care about the planet, and if you care about life continuing on this
planet, then you got to be a little bit realistic about what we're doing right now to the environment.
And you have to be logical and rational about what the impact of human behavior is on the global
ecosphere that we live in. And so what OFP is doing is just trying to mitigate those activities in some way.
And there's a lot of different approaches with like quantifying greenhouse gases and quantifying the impact of different land-based areas like what Kate was saying.
And there's a lot of different thoughts on that, you know, whether or not quantification of natural assets and kind of hyper capitalizing it is going to be a way to get us out of this problem.
But, you know, we're going to try to figure it out.
We're going to try to experiment with it because you never know.
And also, there's not too much else that we can do at this point.
Yeah.
Yeah.
Yeah.
In conjunction with a, I would say, like kind of cultural recognition of our dependency on nature
and the importance of doing stuff that's good for the environment but uh but you know
that stuff's a little bit less easy to quantify and to do something fun with so
that's why we we built OFP so but uh but yeah basically the opium token was
developed so the opium token was developed initially as kind of a utility and
governance token, primarily a utility token, though. So it's used for a variety of functions.
It's used by validators on the OFP network to verify project data being uploaded by projects.
And so these validators are not kind of like blockchain validators. They're more like
data auditors, where they take a look at the project data that's being uploaded, the measurements
of the trees, the photos of the trees, and they make an evaluative judgment using the OPN tokens,
similar to how prediction markets use other types of cryptocurrency assets to make evaluative
judgments on whether or not a political
person will win office or whether or not a sports team will win a game.
So that's how we've designed the validation network is to operate as sort of like a prediction
market with various types of game theory mechanics and incentives to allow the different participants
to make informed decisions on the legitimacy
of project data that's being uploaded.
So that's one way the OPM token is being used.
We also have functionality that allows people to kind of delegate their tokens to these
validators.
So you can kind of hitch your tokens to a specific validator that you think is really
cool or is operating in a good way. And you can basically
lend your tokens to them in return for a percentage of the rewards that they earn.
And then there's some other ways that you can use the OPN token. So I think,
are we talking about staking, Kate? Is that part of the conversation? You want me to get into that?
Yeah. Yeah. We can just briefly mention kind of like planting.
It's, you know, it's, yeah, it's a secondary usage, you know, other than delegating to validators.
But it is something that you can do on the protocol.
And that is done in the OFP wallet, I believe.
Yep.
Yeah, 100%. So basically used to, we have various smart contracts that allow people
to kind of stake or what we call plant the OPN tokens. And yeah, it's a way of just kind of
generally kind of getting more involved and engaged in the protocol and allowing more community
engagement, allowing more resource sharing amongst the benefits of the protocol.
And yeah,
just generally helping out and increasing awareness of the work that the
project developers and forest project restoration practitioners are doing on
the ground.
Yep. Yep, exactly.
So essentially the OPN is,
it's a mechanism for directly getting involved in and aiding the environment from the comfort of your computer or phone, which can be done from the comfort of your bed, sofa, dining table, make a difference, and also contribute in something that I think long-term,
as we know, we're looking at a very large shift into integrating more environmental
assets and elements into our economic systems and finance. And so if we're thinking about,
just for a second, from the investment ethos, it's definitely something that's long-term and
long-lasting. And we want it to be as long- as we hope our planet is so hopefully a very long time um fingers crossed there i personally would like our planet but
that's just me that's just me um nice that was a great intro i want to kind of open it up to folks
um if anyone has any direct questions uh Monza, do you have any other questions? That was, by the way, from like the community kind of POV.
Anything else we're missing?
I don't really think you guys missed any of the questions.
Let me just see if there's anything.
I don't think there's anything asked today either.
So I think we're good.
Yeah.
You hit everything I wanted to hit.
Wonderful. So if there's anyone down there that wants to ask anything, I guess we're good. Yeah. You hit everything I wanted to hit. Wonderful.
So if there's anyone down there that wants to ask anything, I guess shoot it now.
But if not, shout out to everyone for coming.
Awesome.
I see one request from Zane.
I will invite you to speak.
And while they're coming up, I guess just the best way to get involved in the community right now would just be join the TG and the Discord and, you know, stay up to date with all the things happening.
And yeah, check out the projects building and let us know if you have any questions.
What's up? Exactly. any questions what's up exactly
exactly what's up zane
uh you're kind of You're kind of muted.
I can't hear you super well.
No worries.
Feel free to also... Oh yeah, that's great.
That's great.
You can hear me now, right?
Yeah, perfect.
All right.
Now,
like, I want to ask,
how do you intend to make your community more wider?
I think that most people don't know about OPM.
Can you tell me the structure of your coaching
and what value do you add for
others?
I don't know if you caught it, but the question was
basically what's going on in the community right now and how are we making
it bigger and how can they get involved?
Yeah, that's a great question because I was going to end on that question so that's actually super helpful um so yeah our community is growing um we launched our token website you know ofp opn
from the crypto side is going to be on that website um also now, we just launched today our Community Galaxy. This is basically like an
upgraded version of the Zeely. It has more, you know, specific quests. We're really looking for
community members that want to participate, want to grow. Every four weeks, we will have prizes of
200 USDT for the winners of those. And actually, those folks will also go on to become forced guardians,
which means you're kind of pulled into a chat with Emi and myself and Monza.
And we're kind of taking you on the OFP guardian ride
as a really intricate community member.
So yeah, so there's a lot of stuff
to get involved in right now.
There's rewards as well.
And we're looking at a Q4 token sale. So essentially now is, I think I
would kind of advise the moment to get involved in all that stuff because it is coming and it's
going to be, it's going to be exciting. So you're definitely going to see us grow over the next few
weeks. We're going to have different campaigns going on, different, you know, incentives for
Galaxy. And we just love to have everyone participate and get involved as much as you can. Also on our community channels, on Telegram and Discord, on our Twitter, ask any
questions you have. Our DMs are open, so don't hesitate. And we're just a community growing.
So, yep, we would love everyone to join. That was a great question. Thanks, Zane.
All right. Thank you very much.
Thanks.
Okay. Any other questions before we kind of wind it down here?
I do not see anybody.
Nice.
Well, you can always drop your questions in the comments.
Anything that we missed today, and this is a recorded space,
and also on the OPN token site, there's all the information that you need as well.
So thanks for joining.
Luke, thank you for your time.
Monza, thank you for your time as well.
Yeah. Have a great day,
guys.
You're the best, Kate. Thank you.
Thanks, Manza. Good to see you.
Thanks. Bye, guys.
Ta-ta.
