Carbon Credit Tokenization

 The Devnagri project incorporates a carbon credit system as a central component. Carbon credits play a pivotal role in various aspects, such as blending ingredients, advancing tree growth to higher levels, and crafting upgraded items.

 Currently, carbon credits are represented merely as numerical values within our Telegram group. 

To enhance the significance and utility of carbon credits, we are implementing a process called tokenization. Tokenization involves converting carbon credits into non-fungible tokens (NFTs).

 These NFTs serve various functions within our blockchain, including facilitating blend recipes and enabling tree owners and other participants to buy and sell carbon credits amongst themselves.


To sustain this decentralized system, the project imposes a 10% tax on deposits and withdrawals.

 This tax serves the dual purpose of covering the expenses associated with minting NFTs and safeguarding our economy against the hoarding of carbon credits.

 Tokenization is the mechanism that will empower a fully decentralized marketplace for buying and selling carbon credits.

how many storage space free from game ? write answer  on twitter post and tag devnagri project and send ss in puzzel room. first player get 400 dev token reward . (claimed by bp 27 oct 2023)

There are 3 type of nft available at this time for  10 ,50 and 100 carbon credit points .

how many cc points needed for silver token blend ? write answer on twitter post and tag devnagri and send ss in puzzel room . first player get 400 dev token .(claimed by bp 29 nov 2023) 

 Once a carbon credit is tokenized, the owner of the corresponding NFT gains the authority to transact it at their discretion, setting their own price.

 In such a scenario, tree owners must exercise caution when selling or utilizing their carbon credits.

 This summarizes the concept of carbon credit tokenization succinctly.

Comments

  1. BP29 November 2023 at 14:15

    Need to have 1 10 CARBON CREDIT POINTS to blend Silver token. Silver token could be staked then in the waxdao farm to earn $DEV.

    ReplyDelete

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