KlimaDAO
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in KlimaDAO from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to KlimaDAO.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.