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carbon credit The market is booming as countries around the world take action to mitigate the climate impact of CO2 emissions. According to Refinitiv analysts, the value of carbon credits traded will grow by 164% in 2022, with total trading volume reaching $851 billion.
Meanwhile, according to Coherent Market Insights analysis, the market capitalization of the global carbon credit market was approximately $211.5 billion in 2019 and is expected to exceed $2.4 trillion by 2027. – Negative project due to investment in carbon credits.
However, the carbon credit market remains notoriously centralized. Large manufacturing/industrial sector players can buy credits in bulk. Big sellers like electric vehicle (EV) maker Tesla can sell credit in bulk. But what about individuals?
Shouldn’t there be a way for individuals to be rewarded for climate-friendly behavior, such as owning and driving an electric vehicle instead of a fossil-fueled vehicle? No technology existed to democratize access to
But a new cryptocurrency startup called C+Charge is trying to change that. By allowing EV drivers to earn carbon credits every time they charge their vehicles, the startup is poised to enable a significant use case for blockchain for the first time.
C+Charge – rewarding EV drivers with carbon credits
C+Charge is developing a peer-to-peer, blockchain-based electric vehicle charging payment system designed to open up the carbon credit reward market to drivers of EVs like Tesla.
EV drivers will use C+Charge’s in-development app to pay for charging their vehicles. They pay using C+Charge’s native cryptocurrency, CCHG, and receive carbon credits in the form of Goodness Native Tokens (GNT), which are stored in their accounts on the C+Charge app.
The GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next, and fund manager Invesco. The more EV owners charge and drive and consume more CCHG, the more GNT they earn.
CCHG owners also have the opportunity to passively earn carbon credits. He will be taxed 1% on all transactions that C+Charge uses to purchase his GNT carbon credits and distribute them proportionally to CCHG token holders.
C+Charge’s application not only serves as an EV charging payment platform and carbon credit tracker, but also allows users to easily locate nearby charging stations, providing real-time charger latency and charging station technology. It provides useful information such as clinical diagnosis.
Click here for C+Charge
C+Charge hopes its platform will help accelerate the transition to EVs around the world by solving key problems in current charging infrastructure. We do this by providing drivers with carbon credits, making pricing more transparent, and allowing drivers to track their operations and wait times. of a nearby station.
C+Charge recently launched a pre-sale of CCHG tokens to fund its development, and investors are scrambling to secure their bags. In fact, a crypto whale recently banked $99,000 worth of his CCHG tokens all at once, as you can see on BscScan.
Just weeks after the project launched its pre-sale funding round, it has already raised over $250,000. C+Charge is currently selling his CCHG token to power EV charging applications for 0.013 USDT. That’s a significant discount, according to some analysts. Some argue that if a cryptocurrency hits exchanges in just over two months, it will see a tenfold increase.
Investors should also note that C+Charge is running a $50,000 giveaway. Investor must have at least $100 in his CCHG on draw date to be eligible to win the prize.
Click here to purchase CHG