Base Carbon Tonne
Crypto Overview
Overview
Base Carbon Tonne (BCT) is a cryptocurrency token that represents one tonne of carbon dioxide equivalent that has been verified by Toucan Protocol's Carbon Bridge. The token is built on the Polygon blockchain and aims to tokenize real-world carbon credits.
Purpose and Utility
The primary purpose of BCT is to serve as a bridge between traditional carbon markets and blockchain technology. It allows holders to own tokenized carbon credits that have been verified through established carbon credit verification processes. Each BCT token represents ownership of one tonne of verified carbon credits.
Business Model
The business model involves bridging real-world carbon credits onto the blockchain, making them more accessible and tradeable. The process includes verification of carbon credits, tokenization, and enabling trading on decentralized exchanges. The underlying assets (carbon credits) are real and verifiable.
Real-World Adoption
BCT has achieved significant adoption within the carbon credit market space, with numerous environmental projects using the protocol to tokenize their carbon credits. The token is actively traded on various decentralized exchanges and has integration with multiple DeFi protocols.
Platform Development
Toucan Protocol, which manages BCT, maintains active development of the platform with regular updates and improvements to the carbon bridging process. The project has a transparent development roadmap and active community engagement.
Token Distribution
The token distribution is directly tied to the bridging of real carbon credits, meaning new tokens are only created when actual carbon credits are brought on-chain through the verification process. This creates a direct relationship between the token supply and real-world carbon credits.
Crypto Impact
To assign a comfort level investing in Base Carbon Tonne 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 Base Carbon Tonne.
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.