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.

The initial pricing for $CCO2 is 0.062 USDC, equivalent to one kg of carbon, and the initial pricing for $tCCO2 is 62 USDC, which is equivalent to one ton of carbon.

You can burn your $CCO2 tokens and obtain Proof of Carbon Compensation or sell them on the platform for stable coins.

To generate a compensation claim for CO2 emissions, the holder of $CCO2 can burn its tokens on the platform. In return for the burning of these tokens an amount of CO2 compensation is registered on the platform. The burning of CO2 tokens is called Proof of Carbon Compensation (PoCC). This compensation will show up as a NFT token in the wallet of the compensator. The PoCC NFT contains data about the amount, date, and the option to add the identity of the person or business compensating CO2. When $CCO2 is burnt for issuing a PoCC certificate, $CCO2 is taken out of supply, thereby solving the double counting and double claiming problem.

The Coorest Platform seeks to democratize platform governance. This is accomplished through the use of $CRST tokens. By holding $CRST people get voting rights according to their allocation within the $CRST staking pool.

We do not employ seed rounds or VCs because Coorest is a community project by nature. Our mission and vision are more focused on the benefits that Coorest will provide to the world, we will do everything within our power to protect the project’s integrity. 

To this end, we have allocated over 40% of Coorest’s governance tokens to the public.

The $CCO2 Tokens, $CRST Tokens, and $NFTrees can all be sold on the Coorest platform.

We can upload names or additional information. It is a nice feature for the future, but it takes technical development to add that information to the metadata; right now, it is not our priority. However, we can place a physical sign in front/beside a tree. And later, when the development is ready, we can upgrade the meta-data.

We are discussing partnership with several metaverse projects. Right now, our primary goal is the utility of the NFTrees in NovaTerra, But they will likely be featured in other metaverse projects.

We are talking to other metaverses/projects at the moment. Nothing official has been announced yet, but this is just a matter of time. We are not surprised if we expand to other projects soon.