A decentralized exchange

CarbonDEX is an AMM (automated market making) decentralized exchange for tokenized carbon credits.

Our Mission

To democratise the carbon credit market by making it accessible to everyone. Everyone can now offset their carbon footprint and/or participate as an investor to gain from the expected future growth of the global carbon credit markets.

Our Objectives

1. To make carbon credit affordable by fractionalizing carbon credits from their current standard size of 1 tonne CO2e into carbon credit tokens with a minimum size of 1 kg CO2e.

2. To make price discovery easier by developing a decentralized exchange where all carbon credit transactions will be fully transparent and anyone can freely participate in the trading of carbon credits.

3. To bring confidence into the market by having a transparent and accessible carbon credit registry on the public blockchain.

4. To introduce an open & decentralized market by allowing an issuer to directly list and sell their verified carbon credits to investors without going through any middle man.

5. To allow users choice of selecting the carbon credit projects they want to support, by creating multiple tokens to represent different projects, types of projects & carbon standards.

Description

CarbonDEX is a decentralized exchange built on the Polygon network. At launch the CarbonDEX will have the components below:

1. A CCOIN Swap where users can purchase CCOIN by using MATIC at a fixed US$ price (for a limited time only).

2. An AMM DEX for all CCR token types & series with an automated order book based on liquidity pools, where users can purchase CCR Tokens by using CCOIN. CCOIN / MATIC will be listed once the CCOIN Swap component has been discontinued.

3. A Polygon Bridge, this is where users who has ETH can seamlessly convert their ETH into MATIC.

4. A Buy Matic link to TRANSAK or MoonPay, where users can purchase MATIC using fiat currency.

5. A carbon footprint calculator, that users can calculate their carbon emission from flights, vehicles, shipping (logistics), electricity, fuel consumption and crypto transactions.

Our carbon footprint calculator for flights, vehicles, shipping, electricity and fuel are based on APIs from Carbon Interface (carboninterface.com). As for Crypto carbon footprint we based our estimates based on data from Digiconomist (digiconomist.net) and independent research done by Frankfurt School Blockchain Center and TUM School of Management at Technical University of Munich.

Advantages

• Transparent: All transactions executed in the exchange are transparent and will be available on a public blockchain explorer.

• Immutable: Since CarbonDEX is a decentralized application that exists on the blockchain, no data can be deleted. Therefore there are no risks of fraudulent practices by the admin.

• Very Secured: A blockchain is simply unhackable since each data block and the chain that links the blocks are secured with the highest level of encryption.

• Real Time Settlement: Any transactions will be executed in real-time.

• No Single Point of Failure: Unlike traditional centralized server-based exchanges that require manual input & prone to human failure, frequent maintenance, and downtime, CarbonDEX exists in the blockchain and most if not all transactional activities are executed by self-executing smart contracts. CarbonDEX will operate on a 24/7 basis.

• Non-Custodial: As a decentralized exchange, CarbonDEX does not hold users’ monies. Users’ digital assets remain in their own wallets. Thus even in the rare event of hacking in the app itself, the hacker won’t be able to access the user’s funds.