CarbonABLE (CARBZ), DeFi and NFTs in Service to the Environment

This article was written in partnership with carbonnable (read more)

Blockchain at the service of the environment

In recent years, alarming reports on environmental issues have emerged one after another. All of these converge towards the same conclusion: we must at all costs Reducing Greenhouse gas emissions are capturing those already emitted into the atmosphere.

Among the various solutions offered, CarbonABLE stands out by demonstrating the use of blockchain for Green Initiatives Financing all in Offer rewards to users Having invested in the future of our planet. The project is therefore arming itself with Web 3.0 tools in order to provide solutions using decentralized finance (DeFi) and non-fungible tokens (NFTs).

Reducing carbon dioxide emissions alone is no longer sufficient to avoid climate change. That is why the platform has taken the decision to develop decarbonization projects based on the regeneration of nature, with the aim To extend green roofs. The latter form carbon sinks that allow greenhouse gases to be captured efficiently, thus To mitigate climate change.

To do this, CarbonABLE identifies the best reforestation, agroforestry or mangrove projects to have NFTs sold on its platform. Once funded, these projects will offer holders of non-fungible tokens Passive income in stable currenciesplus tokens CARBZThe platform governance symbol.

CarbonABLE addresses many of the flaws in the system

The first problem impeding the necessary environmental transition is the slowness and low level of investment by countries or large corporations. Even worse, some countries such as Brazil are deforestation on a large scale, which in turn destroys massive carbon sinks and Climate change exacerbated dramatically.

The second problem is Lack of transparency and efficiency in the voluntary carbon credit market. This financial mechanism, which makes it possible to buy or sell carbon credits, constitutes an incentive for financing environmental projects.

This market holds a lot of interest for companies that want to contribute to carbon neutrality, but today it is not doing well, especially because Carbon credits are not traceable.

Thus, this lack of transparency in the exchange of carbon credits plays a role Resentment of companies sometimes accused of ‘greenwashing’which can buy credits that do not correspond to reality (for example, the forest burned for a long time!)

The last problem is The lack of blockchain projects connected to the real world. The current rise in blockchain and cryptocurrency Attract more investors In the world, but many projects remain little connected with reality, even they are just guesswork. However, users are increasingly looking forward to Increasing the financing of projects that provide attractive returnsbut also Projects that will have a positive impact on the world.

This is why CarbonABLE proposes to provide a Investing within everyone’s reach through the blockchain. This technology is the answer to 3 problems raised above. Thanks to the transparency and traceability it provides, it allows crypto investors to do so Financing high-impact nature regeneration projects rapidly and massively.

NFTs here offer a Proof of participation in various decarbonization projectsand let the holders To get an annual stipend on carbon credits From the project over several decades as well as statistics and reports on the positive impact it has had on the environment and local communities.

Which blockchain to choose CarbonABLE?

The offer of the blockchain is increasing day by day, which makes it possible to find the best fit for every project. For CarbonABLE, the choice clearly falls Consensus consumes as little energy as possible.

So naturally, CarbonABLE decided to switch to a Proof of Stake blockchain. The first two projects were implemented on Cosmos due to interoperability and low allowable resource consumption instant sale Despite the terribly degraded coding context after depeg UST.

In the future, it is also possible that the project will switch to Ethereum when this juggernaut completes Go to Proof of Stake. The community is now being consulted to see which Blockchain CarbonABLE they can turn to.

How does CarbonABLE generate revenue?

CarbonABLE will earn revenue on 3 different stitches To build a sustainable project:

  • commission on sales of NFTs when issued;
  • royalty from reselling NFTs in the secondary market;
  • And finally a percentage on the sale of carbon credits to cover management costs.

The longevity and development of CarbonABLE depends on these different revenues and thus makes it possible to sustain the investments. The percentage collected during the sale of carbon credits can be discussed by the community through Governance Voices to provide a Carbon Decentralization.

Investors’ pension

Obtaining a carbon NFT allows you to demonstrate your participation in projects that have a positive impact on the fight against climate change. These non-replaceable tokens can later To be resold in the secondary marketor kept in the wallet of the owners.

In addition to allowing investors to obtain evidence of their participation in environmental initiatives with tangible impact in the fight against global warming, CarbonABLE offers bonuses to investors who decide to hold their assets Across mask.

First, Ordinary passive income It is displayed through the sale of carbon credits generated from various investments. This income will be allocated to investors in Stable Coins and CARBZCarbonABLE Governance Code.

Then staking Benefits for regular users of the platform. Among them, reduced service fees and access to airdrops, but also priority access to future projects.

The CARBZ symbol and its roles

In addition to stablecoin bonuses, investors will get bonuses CARBZthe governance code for CarbonABLE who has multiple roles within the platform.

Figure 1: Visual of the CARBZ token

utility code

Having a CARBZ can be beneficial in a number of ways. L ‘increase income One, because the fees paid by platform users as well as the surpluses generated by the sale of carbon credits It will be shared with users who own CARBZ.

Keeping CARBZ also increases your chances of getting Priority access during the following versions of NFTs CarbonABLE.

Judgment symbol

CARBZ also offers its owners the right to vote on carbonnable protocol management. People who hold CARBZ will be able to vote to improve the protocol and participate in decisions regarding income distribution.

Successful first attempt

On Friday, May 6, 2022, the first sale of CarbonABLE NFTs took place. After starting at 5 p.m., only two seconds were needed for the 160 NFTs on display to be sold to the community.

This first project, which aims to replant trees on a Banejas farm in Costa Rica, will make it possible to capture 1,851 tons of carbon dioxide over the next thirty years. It will also allow the replanting of these 8000 trees in the area Return of the local flora and faunawhich represents the first victory for carbon and biodiversity.

Despite the unfavorable context due to recent news about the Terra ecosystem and its UST, the second sale of 360 NFTs will remain a huge success, as the stock sale will only take a few minutes. This sale will finance a new mangrove reforestation project in Las Delicias, Panama, which must be captured. Nearly 5,000 tons of carbon dioxide over the next few years.

Conclusion on the CarbonABLE project

CarbonABLE is an ambitious project who wishes Create a bridge between DeFi and the real world To develop many environmental projects.

Easy to access, now everyone can access it Participate in initiatives for the planet while generating passive income.

Its transparency and reliability It can make CarbonABLE a sustainable and preferred solution in the fight against climate change.

πŸ‘‰ To find out more, join the French community on the CarbonABLE Discord server

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This is a sponsored and paid article. Cryptoast has previously researched the products or services displayed on this page, but cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of a good or service highlighted in this article. Investments related to crypto assets are of a risky nature and readers should do their own research before taking any action and invest only within their financial capabilities. This article does not constitute investment advice.

About the author: Kamel Witoslavsky

Twitter- soothsayerdata

As an economics student, cryptocurrencies and blockchain caught my eye a few years ago, and I am now fascinated by their effects on the economy and society.
All articles by Kamil Witoslawski.

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