RUBA · F1
- Hectares financed
- 31 ha
- Subscribed
- USD 210,000
- Amortization
- 2029 – 2033 · in julios
- Paid to date
- 412,000 J
- dMRV covenant
- met · +6% biomass

The heating demand of 4.0 full winters is stored today as standing biomass in the energy forest, verified by remote sensing and sample plots. Issuance may never exceed the net energy the territory can deliver — the physical floor — and tapers from coverage 3.5 rather than stopping abruptly at the constitutional floor.
A julio is a megajoule of electric-equivalentenergy. Heat is worth its exergy: converting fuel to electricity runs at ~28%, which is exactly 1/3.6 — so 1 kWh of electricity = 3.6 J while 1 kWh of delivered heat = 1 J. The factor observed in real relative prices (0.25–0.30) contains the physical conversion. Unit “1” of the currency is household heat — the most basic need the system covers.

Boiler-basis illustration (REA v1.0 Annex B), retired: 7.21 M gross · 6.73 M net · 3.70 M circulation.
The julio’s backing, layer by layer: what grows, what generates, what removes, and what cushions.
Each series anchors the Merkle root of its notes on-chain, in the same transaction that registers the inventory enabling it. Select a series to see its root, linked inventory, and transaction.
| Series | Issued (J) | Redeemed (J) | In circulation (J) | Status | |
|---|---|---|---|---|---|
| ▸ | 2026A | 1,640,000 | 51,200 | 1,588,800 | ACTIVE |
Merkle root9c4e1f28…b71a Issue dateAug 14, 2026 · founding Linked inventory612 t DM · 2.46 M J deliverable Forest lotsFounding lot · 31 ha + solar F1 Issuance cap1,640,000 J On-chain transaction0x84a1…c9e3 | |||||
| ▸ | 2027A | 1,278,200 | 18,400 | 1,259,800 | ACTIVE |
Merkle root4fa1d902…09de Issue dateJul 2, 2027 Linked inventory580 t DM · 2.30 M J deliverable Forest lotsNorte and Cañada lots · 34 ha Issuance cap1,278,200 J On-chain transaction0x2f77…10bd | |||||
| ▸ | 2028A | 500,000 | 2,350 | 497,650 | ACTIVE |
Merkle roote2b74c11…5c30 Issue dateMar 9, 2028 Linked inventory410 t DM · 1.64 M J deliverable Forest lotsLoma lot · 28 ha (1st-cycle regrowth) Issuance cap500,000 J On-chain transaction0x9d02…77a4 | |||||
| ▸ | 2028B | 240,000 | 0 | 240,000 | ISSUING |
Merkle root71c8ae54…f2d9 Issue dateSep 21, 2028 · in progress Linked inventory638 t DM · 2.55 M J deliverable Forest lotsCañada Sur lots · 30 ha + solar F2 Issuance cap280,000 J On-chain transaction0x5be0…33c1 | |||||
Backing composition over time: the currency is born leveraged on the solar fleet (imported, depreciating capital) and matures backed by its own forest (domestic, growing capital). The currency takes root with the territory.
The monetary system itself: issuance, redemption, tokenized reserves, and on-chain commitments. Seventh dashboard category — exclusive to Ruban.cash, absent from the banknote.
Each Ruba finances identified hectares and amortizes in julios produced by the lot it financed, with that lot’s dMRV as an on-chain verifiable covenant. CNV jurisdiction · ERC-3643.
The same six dimensions printed on the reverse of the banknote are the dashboard’s navigation. Energy is live; the rest come online as their measurement systems enter operation.