Developers Forum for XinFin XDC Network

Codex3-Labs
Codex3-Labs

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PROPOSAL: Collaboration to create a new Global Reserve Asset On The XinFin / XDC Network governed by a DAO

INTRODUCTION

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:

URL:
https://docdro.id/IAqjtsS

CONCLUSION
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

Thank you,
CODEX3 LLC, Elit Web3 Solutions, XLIST, XDCrystals, BIBLIOMP NFT

Discussion (289)

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akhekade profile image
Atul Khekade • Edited on

Proposals on this forum are only specifically for core XDC Network improvement and governance purposes.

This is a Layer2/token sale proposal. XDC ecosystem pool is only for improvements, governance or integration of layer1 protocol.

Any L2 projects with token sale need to have independent sites and build their own community.

Some integration costs related to smart contract deployment on XDC can obviously be presented in the proposal. But the entire balance sheet of the project can not be funded by XDC

The guidelines on presenting proposals will be released (provided by an independent legal team) by the end of this month.

xdc.dev/akhekade/proposal-governan...

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yoge_lauredo_8fd2ad2bdef6 profile image
Yoge Lauredo

Yes💐

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figure_head_423966098979a profile image
Figure Head

👍👍👍👍 Yes

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brendan_cosso_ profile image
Brendan Cosso

Yes yes yes

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paul_b872d3cd95682838ec7f profile image
Paul

Absolutely Yes

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elase111 profile image
elase111

Yes

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kenexisaiah51 profile image
Kenex Isaiah

Yes

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0xd3g3n profile image
0xd3g3n

YES

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jadie profile image
Judith Iniovosa

Yes

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sami_bousri_50820bce2662f profile image
Sami Bousri

Yes 👊🏼

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ajaxkennes profile image
Kehinde Ajayi

YES

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oajayi599 profile image
Joshua Amos

Yes

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steph777 profile image
Stephen Taylor

Yes exactly what's needed

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emekasegu profile image
emekasegun

Yes

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abiodunmercy06 profile image
Mercy Abiodun

YES

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budi_joni_e71b296429d8298 profile image
Budi Joni

Yes

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martins_ajayi_4289849d9f4 profile image
Martins Ajayi

YES

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bolanle_daud_9eacbfbadc55 profile image
Bolanle Daud

Yes 👍👍👍👍

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sehabudien profile image
sehabudien s

YES

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anointedpc profile image
Abugu Patrick

Yes

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ajaxtiwo profile image
Taiwo Ajayi

Yes

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ezekielmoses92 profile image
Ezekiel Moses

Yes

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takin06 profile image
Takin MT • Edited on

YES

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noannaonan profile image
naonnaonan

yes

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akhekade profile image
Atul Khekade

My only request is to simplify the post and include all highlights for the proposal within the post itself.

As I've posted before, we are awaiting guidelines from legal and they will be posted to vet every proposal to evaluate if it can be upgraded into an on chain vote

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sarthak_bakshi profile image
sarthak bakshi

ABSOLUTELY YES

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akinloye_anu_0a6e7e9592b1 profile image
Akinloye Anu

Yes

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codex3labs_86 profile image
codex3

A solid YES

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xxxxx_xdc profile image
xxxxx.xdc

yes

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bibliomp_official profile image
Bibliomp Official

Yes

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jethro_sasetu_1db75137b16 profile image
Jethro Sasetu

Yes

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harleyhermanson profile image
harley hermanson

This proposal gets my full support it will benefit the entire XDC network I vote YES!!!

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ronald_mitchell_0de6c6219 profile image
Ronald Mitchell • Edited on

Vote: NO So a company can "buy a carbon credit" but still produce the same amount of carbon which hurts the ecosystem, BUT since they paid the fine to buy the carbon credit, somehow we are helping the environment?? It's a hard NO for me to support, not only here but the general idea is just another Tax! Taxation is theft and I believe I've heard that many times from someone close...

Groot is mentioned several times. Not sure why, but I do support what's being said Groot offers!

Is the proposal asking for funds? I don't see a funding request. Or is this just testing the waters on interest prior to asking for funds?

Not sure why I'm voting as Ritesh has already said this is a layer 2 and this site is for layer one XDC only.

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tobexrail profile image
Toba Apanisile

Yes

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bilbobaggins profile image
BilboBaggins

No

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xcantera profile image
Arturo Cantera Carrasco

NO. This is for building L2. Only L1 proposals

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carnifex profile image
Carnifex

VOTE = NO
This is not for community. This for you to make money

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aabest_019104143eb81f6ec0 profile image
AABest

Yes

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shangleslanger profile image
ShangleSlanger

For sure! Yes

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ederson_acclaudiano_981 profile image
Ederson A C Claudiano

Yes ok

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fredy profile image
ByDeckerex

Vote = YES!

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john_goins_ profile image
John Goins

Yes

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effulgence profile image
Olaoluwa Adesoji

absolutely yes

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xrpikachu_r3iko profile image
XRPikachu.r3iKo

Absolutely YAAAASSSSS 💁‍♀️

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royaltyadeshola001 profile image
Royalty Adeshola

ABSOLUTELY YES

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jelite profile image
John Ogunlowo

A YES It is

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_toshiboo profile image
Toshiboo

YES

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0xujang profile image
Hayato FF

YES

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sasetu_joshua profile image
sasetu Joshua

A solid yes

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notelodigo98 profile image
Notelodigo98

Vote = YES!

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gorilla_moonbaby_8b32d6e profile image
Gorilla Moon Baby

YES YES YES 😊

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mubarakade profile image
Mubarak Ade

YES

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akande_yakub_8a0cc82bb8f8 profile image
Akande Yakub

I love this proposal and I couldn't have rejected or turn it down...
So, A big Yes from me

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sodiq_olasode_6969396cc88 profile image
Sodiq Olasode

Yes

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antonio_nezescamilla_a profile image
Antonio Núñez Escamilla

YES

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jerry_thomas_6ee19d3fff87 profile image
Jerry Thomas

Yes