Moss Carbon Credit
Crypto Overview
Overview
Moss Carbon Credit (MCO2) is a cryptocurrency token that represents certified carbon credits. Each MCO2 token represents one carbon credit, equivalent to one ton of carbon dioxide that was prevented from entering the atmosphere. The project was created by Moss Earth, a Brazilian climate tech company.
Purpose and Utility
The primary purpose of MCO2 is to tokenize real-world carbon credits, making them more accessible and tradeable on the blockchain. These credits are sourced from verified environmental projects, primarily in the Amazon rainforest. The tokens can be used by individuals and companies to offset their carbon footprint.
Business Model
Moss acquires carbon credits from verified environmental projects, tokenizes them, and makes them available for purchase on various cryptocurrency exchanges. The company works with environmental projects that have been certified by recognized verification standards such as Verra (VCS). When someone purchases and 'burns' an MCO2 token, they are effectively retiring a carbon credit, meaning that ton of carbon offset can never be used again.
Real-World Adoption
The project has established partnerships with various environmental projects and companies looking to offset their carbon footprint. According to their reports, Moss has facilitated the conservation of millions of trees in the Amazon through their carbon credit system.
Development Activity
The platform maintains regular updates and improvements to their infrastructure. Their smart contracts have been audited by respected firms in the space.
Token Distribution
The token distribution appears to be relatively transparent, with clear allocations for environmental projects, operational costs, and development. The project maintains public records of carbon credit tokenization and retirement.
Crypto Impact
To assign a comfort level investing in Moss Carbon Credit 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 Moss Carbon Credit.
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.