Florida Blue Reef Initiative

Reality Bonds

A covenant-backed way to fund 100 reef deployments. Seed2Sea issues the tax-deductible receipt, the Current Seas Trust mints the art-backed bond, and OP_CAT logic locks/unlocks $đź’§ tokens when Current Seas proof is delivered.

Issuer

Seed 2 Sea Non Profit

Receives cash/fiat, issues IRS receipts, pays contractors, files 45Q data.

Asset Holder

The Current Seas Purpose Trust

Holds the art IP, minting keys, and brand for the Sea Sirens collection.

Protocol

OP_CAT Reality Bond

Programmed lockup of $đź’§ tokens until proof-of-deployment is verified on-chain.

Why It Belongs Here

Reality Bonds turn the 100 Reefs Challenge into an auditable flow of capital, proof, and carbon reporting—all inside our existing nonprofit stack.

  • 100% Deductible: Donations route to Seed2Sea. Donors get IRS receipts while their bond art shows progress.
  • Clear Guardianship: The Trust safeguards art and minting keys so campaign IP stays mission-aligned.
  • Impact Triggered: OP_CAT logic requires GPS + photo/video + partner sign-off before $đź’§ unlock.
  • Carbon Integrity: 45Q credits file through Seed2Sea; cash is recycled into the next reef drop.

Transaction Flow

  1. Donor gives fiat/USDC to Seed2Sea.
  2. Seed2Sea issues receipt + signals the Trust.
  3. Trust mints a Reality Bond NFT with locked $đź’§.
  4. Funds are spent on fabrication + deployment.
  5. Proof uploaded → OP_CAT verifies → $💧 unlocks.

Who Gets What

Philanthropists: keep full deduction; carbon credits are sold by Seed2Sea and recycled into the next reef.

Corporate Sponsors: sign sponsorship (no donation deduction); receive the transferred 45Q credit.

Series 1 • Sea Sirens • Reef-100

Lifecycle & Proof

Each reef coordinate is an immutable promise. Bonds mature only when Current Seas proof is cryptographically submitted.

Intent

Proposal

Target: $20k per reef for 50 HempCrete modules + turtle corridor. Covenant opened with coords.

Escrow

Build

$đź’§ stays locked in the NFT while funds flow to contractors for fabrication and drop logistics.

Proof

Oracle

GPS timestamp from vessel, geotagged video hash of the drop, and partner sign-off (e.g., STOP) submitted on-chain.

Release

Maturity

OP_CAT verifies → $💧 unlock. Seed2Sea files 45Q and updates bond metadata with Carbon E-Credit certification.

Next Up

We can accept tax-deductible donations today; these tasks make the protocol visible and verifiable for partners.

1

Finalize OP_CAT script template for proof inputs and publish to the DAO page.

2

Add donor disclaimer: “Tokens ($💧) are commemorative/governance assets with no monetary value.”

3

Ship a simple “Proof Uploader” for divers/captains to submit GPS + media hash from the field.