The Carbon Chain project aims to build a decentralized platform backed by block-chain technology where 'Carbon Credits' can be exchanged by both public (even, governments) and private firms and institutions. Through an exchange hosted on the Carbon Chain platform, Carbon Credits can be sold at a discounted rate by using its block chain-powered Carbon Credit Exchange (CCX) and the Carbon Chain Token (CCT).
WHAT IS A 'CARBON CREDIT'
A carbon credit is a tradeable certificate or permit which allows the holder the right to emit 1 tonne of CO2 or another greenhouse gases with an equivalent of 1 tonne of CO2. The issuance of carbon credits aims to reduce the emission of greenhouse gases into the atmosphere.
Post the declaration of Paris Agreement (i.e. COP 21), every country (signed by 195 out of 196 UNFCC members, leaving only the US) would be mandated to reduce their carbon footprint, thereby creating a perfect ecosystem to deal with 'carbon tracking' and 'carbon trading'.
The Carbon Chain project precisely aims to tap this huge market by building a platform hosted on the block chain technology. Deployment of block chain would help in cutting the lengthy time duration associated with clearance and trade confirmation process by avoiding the requirement for any intermediary like clearing houses.
HOW BIG IS THE 'CARBON CREDITS' MARKET
With stringent controls expected to be applied in future to deal with the subject of 'climate change', the Carbon Credits market is going to explode.
Considering the ambition levels of targeting CO2 levels of the "NDC (i.e. each nations current 'Nationally Determined Contributions' (NDC) pledges)", “intermediate,” and “2°C” scenarios at 77, 185, and 249 billion tons of CO2 and CO2 equivalent, respectively, the carbon trading market is expected to be worth more than trillion dollars by 2035.
Source: - https://www.edf.org/sites/default/files/documents/CORSIA Carbon Markets Scenarios_0.pdf
ICO DETAILS
The CCT Tokens will be the utility token used on the Carbon Chain ecosystem. The Carbon Chain platform will be hosted on the Ethereum Blockchain Network and the CCT tokens will be ERC-20 compliant tokens.
- Symbol - CCT
- Maximum Token Supply - 550 million CCT (The total token supply is fixed)
- No. of Tokens Available for Sale - 341 million CCT (i.e. 62% of token supply)
- Payment Method - ETH, USD, Fiat Currencies
- Token Standard - ERC-20
Minimum Token Sale Contribution - 0.01 ETH
Maximum Token Sale Contribution - 50 ETH
Private Sale Phase
Start Date - 1st Sep '18 ||| End Date - 20th Nov '18
Soft cap - $ 480,000
Hard cap - $ 7.26 million**
No. of Tokens Available for Sale - 121 million CCT
Token Pricing - 1 CCT = USD 0.06 (i.e. 40% discount) plus 10% bonus tokens
[Note: - If the Soft cap is not reached, amount raised during private sale will be refunded back]
Crowd Sale Phase
Start Date - 21st Nov '18
Hard cap - $ 22 million
No. of Tokens Available for Sale - 220 million CCT
Token Pricing - 1 CCT = USD 0.10
Carbon Chain Project' ICO Funds Allocation
The ICO funds will be primarily used to meet the following objectives: -
- Private Sale - To fund marketing and promotional activities for the "Crowd Sale"
- Crowd Sale - To fund the "Carbon Chain" block-chain project
PROJECT' ROADMAP
CARBON CHAIN TEAM
The Carbon Chainproject is conceptualized by a team possessing wide range of professional experience in the fields of climate change management (even, associated with UNFCC), insurance, investment banking, marketing, block-chain technology, IT etc.
The 'Carbon Chain' project is led by Steve Ireton (Co-Founder), who has experience in creating one of only a handful Llyods' of London (insurance) firms in South Africa.
Dr. John Kilani, Former Chairman of United Nations Framework Convention on Climate Change (UNFCC), CDM Executive Board is the Deputy Chairman of the project.
For more information on the Carbon Chain team, please refer the following link: -
https://carbonchain.org/the-team/
CONCLUSION
Thus, the Carbon Chain projects is one of the most conceptualized projects aiming to tackle the challenging subject of 'Climate Change' and providing a decentralized platform build on the block chain technology for trading Carbon Credits, which cna be exchanged both by government and firms.
For more information on the Carbon Chain project, please refer the following links: -
*Website: https://carbonchain.org/
*Whitepaper: https://carbonchain.org/wp-content/uploads/Carbon-Chain-White-Paper-21-Aug.pdf
*Litepaper: https://carbonchain.org/wp-content/uploads/Carbon-Chain-Lite-Paper-21-Aug-2018.pdf
*Twitter: https://twitter.com/carbon_chain
*Facebook: https://www.facebook.com/CarbonchainInternational/
Published by 'Sameer S'
BTalk Profile URL: - https://bitcointalk.org/index.php?action=profile;u=1978491
bounty0x Username: - samdude
Disclaimer: - This article was created in exchange for a potential token reward through Bounty0x.
Kindly conduct your due diligence before making your decision on this project from the investment and legal perspective.