The ultimate goal of this initiative is to empower communities worldwide by creating an open-source low-code application ecosystem for future education & economic systems to be recreated on the XDC Network in order to keep up with today's technological advances which simultaneously leads to the creation of a decentralized world reserve asset created from donations made on the XinFin network, which would obtain it's stability by being backed by digital gold in the form of CGO tokens which are Sharia-compliant finance assets.
To fully understand our Initiative, we ask you to take a second to read further into the importance & value of tokenized Carbon Credit digital asset.
Similarly to the CGO token, Base Carbon Tonnes (BCT) will play a significant role in the growth of the XDC / XinFin Network as they will bring many new users to the network once they are easily available. This is why GROOT will be one of the most powerful DEXs in all of blockchain.
Our Initiative will utilize funds to improve the efficiency in access to both of these assets / technologies so that projects building on the network can continue to launch applications & startups focused on the neutralization of carbon emissions.
The on-chain carbon credit industry will make a significant impact in the global economy by bringing the ability for institutions and retail investors to off-set their carbon footprints. The world’s largest companies are increasingly turning to these financial digital assets to off-set their carbon impact on the globe.
A carbon credit is a permit that represent 1 tonne of CO2 removed from the atmosphere, they can be purchased to make up the carbon dioxide emissions that may come from operational emissions. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities, as ESG (ESG stands for Environmental, Social, and Governance) policies become more prevalent & powerful in influencing the global economic landscape, this financial digital asset will have a huge demand in the coming years by various nations.
Not only will these carbon credits will be sought out by companies who are creating carbon into the atmosphere, but they will be highly needed by retail investors along with financial institutions as carbon-offsets to allow them to continue to do business.
These credits can be bought on the traditional markets, but also on the blockchain.
VERA, the leading voluntary GHG program that is know as the “Verified Carbon Standard” - is also the gatekeeper of carbon credits.
Oil Companies and such, seek these credits verified by VERA as they need to balance their emissions along with their off-set emission credits. To guarantee the validity of carbon credits on the blockchain, VERA has been verifying these Carbon Credits along with Toucan Protocol in order to build a “planet positive economy” built on the blockchain. Starting with a new money form in the vehicle of a digital carbon credit that shows that companies have met with the required needs of the UN/COP27 in order to “meet requirement standards”.
This is where GROOT can provide support for the entire network with its interoperability capabilities to obtain BCT from various on-chain platforms to bring High Density Carbon Credits to the XDC network.
High Fidelity(Density) Carbon Credits are recognized by most governments by having the compliance agencies, which may lead to a new financial trend which will allow for new investors to run into major issues. The issuance of carbon credits will become more prevalent over the new years, this is why being able to recognize which companies are verifiable & legit companies is a key priority to our Initiative.
Being able to identify the early leaders in this market allows us to implement technologies into our ecosystem to provide various opportunities for institutions and retail investors to access the latest forms of tax offset & carbon credit emissions offsets in the form of Base Carbon Tonnes Tokens as BCT.
To read this proposal in full detail, please visit the link below:
In summary, the Initiative being proposed is one that will impact the lives of many across the network in various way beyond financially. Most who have been involved with the network, have dreamt of a low-code ecosystem where they can manifest their ideas onto the blockchain for censorship resistant reasons as well as a true DEX where trades can occur without fear of insolvency.
Funding this initiative will not only give 1% of various Unicorn Companies back to the network, but it will allow educators, investors & developers along with many other types of investors to finally take part in a global revolution by donating or furthering their education on the blockchain.
These new models of community building allow us to prioritize health, donations & carbon emission awareness on the forefront of our mission in order to allow others worldwide to obtain access to capital & digital assets that can ultimately change their business' impact and reach.
From health to global climate stability, this Initiative has the power to bring many together, United By Health, to change the way for future generations. _Whether you vote YES or NO for this Initiative, the knowledge of what is going on in the World is now in your hands. _
We require your support to keep this Initiative moving forward, please take the time to read, comment and vote for funding approval:
After you’ve made your decision, please cast your vote in the comments section: Vote = YES -or- NO
Voting will start Sunday November 13th at 12PM EST and end Sunday November 20th at 11.59AM EST
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