The European Union announced they want to reduce carbon emission by 55% by 2050. Reduction alone will not be enough to meet these ambitious goals. CO2 trading was introduced to help reduce this problem.
Initiatives to tokenize CO2 have started but are facing three primary issues:
The carbon tokens or $CCO2 tokens are minted when CO2 is absorbed from the atmosphere. NFTrees generate these tokens at a pre-determined rate each year. The amount of carbon tokens generated corresponds to the amount of carbon dioxide captured by real trees.
Buy an NFT that corresponds to a real-life tree and produces $CCO2 tokens​
You can trade your $CCO2 tokens or burn them to compensate your emission by getting a PoCC Certificate
Receive a proof of carbon compensation certificate when burning $CCO2 tokens.
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 carbon tokens or $CCO2 tokens are minted when CO2 is absorbed from the atmosphere. NFTrees generate these tokens at a pre-determined rate each year. The amount of carbon tokens generated corresponds to the amount of carbon dioxide captured by real trees.
Purchase $CCO2 tokens and burn them to compensate for your carbon footprint
Receive a proof of carbon compensation certificate when burning $CCO2 tokens.
Our team has created a special C02 calculator. With this calculator you can calculate the carbon compensation, based on our NFTrees.
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