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.
These locations represent forests and orchards which are 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. The rewards will amount to approximately 10 USDC per year per fruit-bearing NFTree.
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 amount to approximately 12 USDC per year per fruit-bearing NFTree.
The 315 Guild NFTrees are a special collaboration between Coorest and the 315 Guild. These forest trees will be planted in the upcoming 315 Forest - a community forest in Mohawk, New York. Every 315 Guild NFTree is priced at 100 USDC and represents five trees. When these trees mature, each will absorb roughly around 25kg of CO2 per year. This means that a single NFT is expected to generate 125 $CCO2.
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 sold in the Coorest Platform or 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 identity 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.
Keep the NFTree for 20 years and collect $CCO2 as the tree absorbs CO2.
Sell the NFTree in the Coorest Platform.
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