KlimaDAO

Purpose and Utility

KlimaDAO aims to accelerate the price appreciation of carbon assets by creating a liquid carbon-backed currency (KLIMA) and developing financial infrastructure to support a green economy. The protocol uses treasury reserves of carbon offsets to back each KLIMA token.

Business Model

The project operates by acquiring and storing carbon credits in its treasury, making them scarcer in the open market. Users can stake KLIMA tokens to earn rewards from protocol revenue. The fundamental business activities involve trading legitimate carbon credits, which aligns with Islamic principles of environmental stewardship.

Real-World Adoption

KlimaDAO has built significant partnerships with carbon market participants and currently holds millions of tonnes of carbon credits in its treasury. The protocol has demonstrated actual utility in affecting carbon credit markets and providing a way for participants to gain exposure to carbon assets.

Platform Development

The project maintains active development with regular updates to its protocol and infrastructure. The team continues to build new features and improve the platform's functionality for carbon market participants.

Token Distribution

The token distribution includes allocations for the DAO treasury, staking rewards, and initial bonding. While early adopters received significant allocations, the structure serves the protocol's purpose of creating a liquid market for carbon assets.