Carbon Credit

Overview

Carbon Credit Token (CCT) is a cryptocurrency that aims to tokenize carbon credits and make them more accessible to traders and businesses. The project claims to bridge the traditional carbon credit market with blockchain technology.

Purpose & Utility

The intended purpose is to provide a digital representation of carbon credits, allowing for easier trading and verification of carbon offset activities. The project aims to make carbon credit trading more efficient and transparent through blockchain technology.

Business Model & Platform

The platform allows users to trade tokenized carbon credits. The business model appears to involve facilitating the exchange of actual carbon credits through blockchain technology, which is permissible from an Islamic finance perspective as it involves the trading of real assets.

Real-World Adoption

Currently, the project shows limited real-world adoption. However, this is not inherently problematic from a Shariah compliance perspective, as the underlying business model involves trading legitimate assets.

Token Distribution & Development

The token distribution includes allocations for development, marketing, and ecosystem growth. While detailed vesting information is limited, the project shows ongoing development activity.

Shariah Considerations

The core business of trading carbon credits is permissible as it involves real assets and provides actual utility. The platform does not engage in interest-bearing activities or facilitate prohibited industries.