TeroCoin

Terocoin will utilize the measurement of square meters as a fraction representative of the value of each token created. That is to say that there will be as many Terocoins as square meters that have been acquired and preserved in the name of the Tero land trust. It will begin with a large piece of property of 1000 hectares located in a country internationally recognized as an ecological paradise: Costa Rica. The property will be allocated in square meters creating the first 10,000,000 TeroCoin tokens. As with Bitcoin, there are a limited number of coins that can exist, however, as with traditional economies, the currencies have actual physical backing.

One hundred percent of Terocoins will be backed at all times by land owned by the Tero land trust at a rate of one token being equivalent to one square meter of land held. At all times, the total number of Terocoins in circulation will be publicly accessible on Terocoin.org and the holdings of the Tero land trust are 100% auditable and publicly disclosed so that Terocoin’s users and other interested blockchain ledger parties can compare the total number of issued coins vs. the total square meters of land held, which will always be on a 1:1 basis