This article was written in collaboration with CARBON †More information user manual†
The blockchain at the service of ecology
One after another, disturbing reports about ecological issues have appeared in recent years. These all come together to the same conclusion: we must at all costs Reduce greenhouse gas emissions and capture emissions already emitted into the atmosphere.
Among the various solutions offered, CarbonABLE distinguishes itself by offering to use the blockchain to finance green initiatives Everything in offer rewards to users have invested in the future of our planet. The project thus arms itself with Web 3.0 tools to offer solutions using decentralized finance (DeFi) and non-fungible tokens (NFTs).
Reducing carbon dioxide emissions alone is no longer enough to prevent climate change. Therefore, the platform has made the decision to develop decarbonization projects based on the regeneration of nature, with the aim of to extend the green surfaces† The latter form carbon sinks that enable efficient capture of greenhouse gases and therefore fighting climate change†
To do this, CarbonABLE identifies the best reforestation, agroforestry or mangrove replanting projects to sell NFTs on their platform. Once funded, these projects will provide holders of non-replaceable tokens passive income in stablecoinsas well as tokens CARBZthe platform’s governance token.
— CarbonABLE.io 🌱 (@Carbonable_io) Apr 26, 2022
CarbonABLE tackles various errors in the system
The first problem standing in the way of the necessary ecological transition is the slowness and low level of investment by states or large companies. Worse, some states, such as Brazil, are carrying out massive deforestation, destroying huge carbon sinks and dramatically worsen climate change.
The second problem is the lack of transparency and efficiency of the voluntary carbon credit market† This financial mechanism, which makes it possible to buy or sell carbon credits, provides an incentive to finance ecological projects.
This market is of great importance for companies that want to contribute to carbon neutrality, but are not functioning well today, in particular due to a lack of traceability of carbon credits†
This lack of transparency in the exchange of carbon credits therefore plays a role in: the dismay of companies sometimes accused of “greenwashing”with which to buy credits that do not correspond to reality (for example, the forest has long been burned!)
The last problem is: lack of blockchain projects connected to the real world† The Current Rise of Blockchains and Cryptocurrency attract more investors in the world, but many projects remain little linked to reality, even purely speculative. However, users are increasingly looking for increase the financing of projects with an attractive returnbut also projects that would have a positive impact on the world†
This is why CarbonABLE proposes to create a investment accessible to everyone through the blockchain. This technology is the answer to the 3 problems mentioned above. The transparency and traceability it provides allows crypto investors Financing major nature restoration projects massively and quickly†
NFTs offer a proof of participation in the various decarbonisation projectsand let their holders to get an annuity on carbon credits of the project over several decades, as well as statistics and reports on the positive impact it has had on the ecology and local communities.
Which blockchain to choose for CarbonABLE?
The supply of blockchains is growing day by day, making it possible to find the blockchain that best suits each project. For CarbonABLE, the choice is of course striking a consensus that consumes as little energy as possible†
It is therefore logical that CarbonABLE has decided to move to a Proof of Stake blockchain. The first two projects run on Cosmos due to interoperability and low resource consumption are allowed an instant sale despite a horribly deteriorated crypto context after the UST depeg.
In the future, it’s also possible that the project will turn to Ethereum when this juggernaut has completed his transition to Proof of Stake† The community is now being consulted to see which blockchain CarbonABLE could turn to.
How does CarbonABLE generate revenue?
CarbonABLE will monetize on 3 different stitches build a sustainable project:
- A commission on the sale of NFTs when they are issued;
- A royalty from the resale of NFTs on the secondary market;
- And finally a percentage on the sale of carbon credits to cover management costs.
CarbonABLE’s lifetime and development are based on these different revenues and therefore allow it to support investments. The percentage collected during the sale of carbon credits can be discussed by the community through board votes to determine a decentralization of CarbonABLE†
A financial annuity for investors
With a CarbonABLE NFT you can prove your commitment to projects that have a positive impact on the fight against climate change. These non-fungible tokens can then are resold on the secondary marketor remain in their owners’ wallets.
In addition to allowing investors to obtain evidence of their participation in environmental initiatives with a tangible impact in the fight against global warming, CarbonABLE offers rewards for investors who decide to commit their assets through turn of†
First of all, regular passive income is offered through the sale of carbon credits generated by the various investments. This income will be allocated to investors in stablecoins and CARBZthe CarbonABLE governance token.
Strike then bid benefits for more regular users of the platform† Among them, a reduction in service charges and access to airdrops, as well as priority access to future projects.
The CARBZ token and its roles
In addition to stablecoin rewards, investors will receive CARBZCarbonABLE’s governance token that has different roles within the platform.
Figure 1: Visual of the CARBZ Token
A utility token
Having CARBZ can be beneficial in several ways. l’increase in income is one, as the fees paid by the users of the platform as well as the surpluses generated from the sale of carbon credits is shared with users who own the CARBZ†
Holding CARBZ also increases your chances of having priority access during the next releases of NFT’s CarbonABLE†
A board token
The CARBZ also offers its holders the right to vote on management of the CarbonABLE protocol† People with CARBZ can vote to improve the protocol and help decide on the distribution of income.
A successful first attempt
On Friday, May 6, 2022, the first sale of CarbonABLE NFTs took place. Starting at 5pm, it took just two seconds to sell the 160 NFTs on offer to the community.
🔥 CarbonABLE NFTs are 1st Mint #OUT OF STOCK in less than 1 minute
— CarbonABLE.io 🌱 (@Carbonable_io) May 6, 2022
This first project, which aims to replant trees in the Banegas farm in Costa Rica, will allow 1,851 tons of CO2 the next 30 years. The replanting of these 8,000 native trees in the region will also make it possible a return of the local flora and faunawhich means a first victory for CarbonABLE and biodiversity.
Despite an unfavorable context due to the recent news about the Terra ecosystem and its UST, a second sale of 360 NFTs will continue to be a huge success as the shares have only taken minutes to sell. This sale will finance a new mangrove tree replanting project in Panama’s Las Delicias, which is almost 5,000 tons of CO2 the coming years.
Conclusion on the CarbonABLE project
CarbonABLE is an ambitious project who wants? building a bridge between DeFi and the real world to develop numerous ecological projects.
Easily accessible, it is now possible for everyone to participate in initiatives for the planet while generating passive income†
Its transparency and reliability could make CarbonABLE a sustainable and preferred solution in the fight against climate change.
👉 Join the French Community on the CarbonABLE Discord server to learn more
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