What is Ethical About Greenlers?
Although we are a functioning business, we could possibly consider ourselves a ”for-profit’ charity, simply due to the huge amount of our profit we re-distribute back to our consumers/customers and coin holder. As a annual percentage it could be in excess of 25% – this may slightly vary year to year as the calculations and algorithms used to distribute the profits back to the consumers is greatly effected by following factors:
- the amount or percentage of holders that choose to stake our token
- the entire market-cap of GRNL token
- net profit from all sell-able items
- the amount of net profit remaining after all credit-backs and staking request are distributed. This retained profit is the funds we would immediately have available re-invested back into the business or for other business related activities.
Our monthly staking rewards are distributed at a total random time – eliminating the possibility of insider trading, front-running or other malpractice activities.
The pricing of our products is relative and appropriate to the quality and durability. We believe this should be the case throughout the entire apparel sector, however as it stands a normal basic hoody made from almost identical or similar fabric is being sold for either $50 or $500 – depending on the brand. In some cases the only difference is the actual stitching of the brand’s logo. It would be understandable if the particular brand selling the hoody for $500 was using exclusive materials such as gold, silver, carbon fibre or even if a much superior grade of sewing, stitching or fabrics were used – but in most circumstance this is not the case.
We have plans to work with charities and help provide a more rewarding compensation for those who carefully and generously denote old clothes to charitable organisations.