Moss Carbon Credit

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.