Carbon Credit Spot Token

Description

Carbon Credit Spot Tokens are backed by carbon credits units that are purchased from carbon credit exchanges or brokers. The status of these carbon credits is 'Active' (the carbon credit hasn't been retired or deleted from the carbon registries) and classified as 'Guaranteed reductions' which means that the project's carbon emission reduction has been verified and carbon credits have been issued by the carbon standard bodies.

The Token Name: Carbon Credit Spot Token

The Token symbol: CCRS-[series letters & numbers].

Since the underlying carbon credits are still 'active', owners of CCRS can freely trade their CCRS on the CarbonDEX.

A user who wants to offset their carbon footprint can purchase CCRS and can retire it by sending the token to the designated retirement/redemption wallet.

Token Structure

Structuring of Carbon Credit Spot Token will follow the activities below:

1. Originate voluntary carbon credits by purchasing voluntary carbon credits from various marketplaces (carbon exchanges & carbon credit brokers). Minimum transaction size: 1 carbon credit = 100 tCO2e or 1,000 tCO2e depending on the seller.

2. Tokenize the carbon credits into multiple carbon credits tokens (1 CCRS token = 1 kgCO2e) once ownership of the carbon credit has been updated.

3. Listing of CCRS on CarbonDEX.

Fig. 27: Carbon Credit Spot Token Structure