Psst! We’d like you to know something…
The next big crypto opportunity is in carbon credits.
As governments and companies wrestle with the challenge of reducing their emissions, the carbon credit market is predicted to grow 15x by 2030 and an incredible 100x by 2050.
We don’t plan on wasting this opportunity so, we’re launching a new Carbon DEX to give people the chance to participate in this meteoric growth, helping to fight climate change and achieve big returns in the process.
If you want a head start on how this will all work, read on.
The Problem With Carbon Markets…
The IPCC’s most recent Assessment Report has made it clear: even with radical emissions reductions, we still need to find ways to remove carbon from the atmosphere if we’re to have any hope of reaching net zero.
Since 2005 the Voluntary Carbon Market (VCM) has allowed businesses and individuals to compensate for unavoidable emissions by paying to remove or reduce carbon elsewhere. This emissions trading should already be a massive success story. But it’s not quite.
The VCM is far from perfect. Some prevalent issues are:
- Carbon offsetting is often out of reach for the average person due to cost and accessibility.
- A lack of standardized quality control has led to many low-quality carbon credits.
- The low cost of credits ($2-$3 per tonne) neither motivates nor incentivizes project developers and doesn’t account for the true cost of emissions.
- ‘Additionality’ — where credits are awarded to projects that likely would have been built anyway.
- ‘Permanence’ — what happens to, say, a forestry-sourced credit when that forest is destroyed by a forest fire?
- ‘Leakage’ — are emissions simply being displaced from one place to another?
- Credits are sometimes double-counted, being used both for a country’s national emissions calculation and also to be sold on the VCM.
- Rather than helping enrich underdeveloped areas where projects occur, profits are accumulating further up the chain.
One Carbon DEX To Rule Them All!
Our solution is a decentralized exchange for tokenized carbon credits. Blockchain allows us to store credits ‘on-chain’, increasing transparency, accessibility, and openness. Now
anyone will be able to buy, trade, and retire carbon credits.
Say goodbye to the current fragmented and inefficient VCM. We’re bringing a range of different credits under one roof for our Carbon DEX: your one-stop-shop for tokenized carbon credits.
Buying Carbon Credits Just Got A Whole Lot Simpler
All you need to get started is a debit/credit card or Apple Pay. We’ve partnered with Wyre to make it as easy as possible to purchase with fiat currencies, and Fireblocks integration means you can securely use your own wallet (such as Metamask, WalletConnect, or Coinbase), or a Likvidi wallet to hold your keys.
You’ll be able to buy Likvidi’s LCO2 carbon credit along with a range of other credits that will be fully tradable on the platform. When you buy carbon credits you are free to hold, trade, or retire your credit.
Retiring a credit means that the emissions stored in the credit are permanently spent, also known as ‘offsetting’. The credit is then removed from circulation for the benefit of the planet earning you a certificate of offset. This is perfect for those who wish to account for their own carbon emissions, which we’ve made easier to calculate by providing our own Carbon Footprint Calculator.
Unique, Sustainable, & High-Quality
We want to foster a strong sense of connection between the carbon projects and the investors that make them happen. So you can choose from different unique projects around the world, with access to details like location and project type. Unlike legacy carbon credits, our native LCO2 will only be sourced from projects under 6 years old, ensuring they’re of the highest quality.
The DEX runs on Avalanche, a proof of stake blockchain protocol that uses just 0.0005% of the energy consumed by Bitcoin, and only 0.0028% of that of Ethereum. That means that you can be confident that by using the Carbon DEX you’re not fueling excessive emissions.
The Amazon of Carbon Credits
Trading carbon credits is about to get a whole lot more interesting. Our Carbon DEX will let you pick and choose from a range of projects to identify the offset that speaks to your passion. Buy them, trade them, or retire them to offset your emissions. Whatever you do, you’ll be helping the planet.
The Carbon DEX is a whole new arena for ethical investing and supporting green projects around the world. We hope to see you there.
Writer: Rowan Mann