Tokenisation of carbon credits on the blockchain (KLIMA DAO)
- Oct 18, 2021 10:12 am GMT
For those interested in the intersection between blockchain and energy, a new crypto token is launching today: KLIMA.
An overview from their manifesto is included below:
"Klima DAO incentivises new supply of Base Carbon Tonnes (BCT) on the blockchain through the KLIMA token.
KLIMA is the first building block for unlocking the carbon economy — an economy where more economic activity leads to an acceleration in planetary regeneration rather than more damage to our planet.
The KLIMA ecosystem and monetary policy are managed by the Klima DAO. This way we guarantee transparent decision making and long-term stability.
When we achieve scale, demand for BCTs via KLIMA will bridge with supply in the traditional carbon markets, enabling the market forces that we unlock to disrupt the status quo and drive change.
The point is to create a new monetary system backed by carbon, and to build an economy around it."
Essentially, they aim to create tokens with a value backed by base carbon tonnes meaning there is an intrinsic value to the tokens (unlike other cryptos) linked to the price of carbon.
In order to generate demand, KLIMA DAO have invented an interesting internal monetary policy that governs the economics of the tokens, incentivising users to bond carbon to their treasury in order to obtain the KLIMA tokens at a discount in future.
For more detail, check out the overview of the organisation here: Market Dynamics - Klima DAO
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