Token Overview
They are non-fungible tokens linked to real-world trees. The NFTrees generate carbon tokens that are equal to the amount of carbon their real-life counterparts remove from the atmosphere. The holders of NFTrees will start collecting $CCO2 tokens the moment the tree is planted.
This location represent the orchard that is linked to Coorest NFTrees:
The Fruit-bearing NFTrees are linked to fruit trees such as pomegranate and fig trees. These trees bear fruit that is sold to food markets. Holders of Fruit-bearing NFTrees will receive rewards derived from the fruit sale. The fruit trees start bearing fruit three years after they are planted.
Coorest’s NFTrees are non-fungible tokens linked to real-world trees. The NFTrees generate carbon tokens that are equal to the amount of carbon their real-life counterparts remove from the atmosphere. The holders of NFTrees will start collecting $CCO2 tokens the moment the tree is planted.
The Fruit-bearing NFTrees are linked to fruit trees such as pomegranate and fig trees. These trees bear fruit that is sold to food markets. Holders of Fruit-bearing NFTrees will receive rewards derived from the fruit sale. The fruit trees start bearing fruit three years after they are planted. The rewards will be shared with NFTree holders.
The holders of NFTrees wills start collecting $CCO2 tokens the moment the trees are planted and for 20 years. The amount of $CCO2 tokens received by NFTree holders will be proportional to the amount of CO2 absorbed by each real-life tree. $CCO2 tokens can be burnt for Proof of Carbon Compensation.
A proof of carbon compensation certificate or PoCC is an NFT (ERC721) that is obtained when burning a $CCO2 token on the Coorest platform.
It is sent directly to the holder’s wallet, it contains the details about the date, the amount of CO2 compensated, the name of the person or business compensating their carbon footprint and the reason for compensation.
The PoCC certificate guarantees the compensation of carbon emissions since the entry on the blockchain cannot be tampered.
