CarbonEco — the modern market for carbon offsets to prevent and mitigate the worst effects of climate change. The Voluntary carbon offset market uses a distributed ledger to create and manage a budget for carbon dioxide (CO2) emissions. This is done by using the immutable Ethereum blockchain and the ERC-1155 non-fungible token (NFT) standard.
About the CarbonEco project
CarbonEco expresses science, politics and morality: unlimited greenhouse gases are changing global temperatures, affecting the climate and the sustainability of life. CarbonEco expects markets to be able to shape half of the desired behaviors and outcomes. The potential budget for the carbon dioxide market is 208 gigaton.
The Carbon Eco smart contract includes several methods to incentivize success. Firstly, the US carbon tax offset schedule is used as the basis for NFT pricing for months one through seventy-two. Carbon Eco will collect and distribute transaction fees to affiliates, verifiers and exchange ETH for c0 token in CarbonEco's liquidity pool. CarbonEco is ready to act as an authorized body and issuer of tokens. There are consumers and producers of these NFTs through CarbonEco smart contracts.
There are five main actors to consider in a network:
| Producer compensation | Individuals, companies or institutions, using technologies to offset, absorb, prevent or sequester carbon dioxide and other greenhouse gases. |
| Producers of renewable energy certificates | Either organizations that produce renewable energy, or government and non-government institutions that issue RECs to them. |
| Compensating consumers | Individuals, companies or institutions that have emissions of carbon dioxide and other greenhouse gases to offset. |
| Emission auditors | Institutions with methods for providing verifiable reports of actual emissions. |
| Technology partners | Individuals, companies or institutions that have a technical integration that can provide the elements of this plan and its coverage. |
To realize the concept of Carbon Eco, an ERC-20 token is also issued as a basis for creating resources to fund activities. The Carbon Eco Token is a decentralized finance (DeFi) protocol. It helps to give its holders the control they need to control their financial interdependence on the blockchain.
More about defi app
CarbonEco (c0) — a DeFi token, where participants can deposit funds in exchange for a permanent reward. Recurring rewards are earned, based on the number of tokens you own. Each transfer of c0 is subject to a 2% transaction fee, charged by the ERC-20 contract. This fee is shared between all 9 c0 holders.