Carbon Chain ICO Review
Quick Information on Carbon credits:
The theory and reality of carbon credits is not in sync. Below is a YouTube video to understand the market of carbon credits. The video explains how the current system has led to the increase in total carbon emission rather than decreasing them.
YouTube Video:
What are the Challenges in Managing Carbon Credits?
There are a lot of challenges on managing carbon credits without a blockchain platform. There is a lack of transparency and thus lack of credibility on the information related to its validation. Without blockchain, there always remains a possibility of a fraud. Carbon Tracking and Carbon Trading are both mis-managed today and are critical issues that needs to be solved.
Introduction to Carbon Chain project
Carbon Chain project aims to bring corporations, investors, and eco-friendly projects together in a single decentralized high-performance infrastructure built to revolutionize the carbon industry by using blockchain and autonomous smart contracts technology to ensure transparency and simplify the process of buying, selling and trading of registered carbon credits while eliminating the double accounting problem. This way the carbon credits process becomes more interactive and businesses and individuals rely on buying validated carbon credits to offset their carbon footprint. Carbon Chain will utilize blockchain and digital currency technology to assist registered projects in realizing their carbon emission reduction strategies by offering acquire carbon credits at a discounted rates when they use Carbon Chain token.
Carbon Chain platform has an end goal to help support the vision of cleaner and sustainable world with reduced carbon dioxide (C02) emission as well as facilitate transparent and secure trading of carbon credits using block chain technology.
Carbon Chain brings innovation and transparency to the carbon industry. Details can be read at the website here: https://carbonchain.org or the whitepaper here : https://carbonchain.org/wp-content/uploads/carbon-chain-white-paper.pdf
Carbon Chain Token
The Carbon Chain token will be issued through the Ethereum smart contract. Remaining token details are below
• Token: Carbon Chain Token
• Token Symbol: CCT
• Token total supply: 550,000,000 CCT
• Token Utility: Purchasing Carbon Credits
• Private Sale Hard-Cap: $7.26 Million
• Private Sales Start Date: 1st September 2018
• Crowd Sales Hard-Cap: $22 Million
• Crowd Sales Start Date: 21st November 2018
• Initial Price: 1 CCT = USD 0.10
• Token Allocation in private sales: 22%
• Token Allocation for Executive Panel: 13%
• Token Allocation for Carbon Chain Founders: 7%
• Token Allocation for Bounty Influencers / Referrals: 6%
• Token Allocation for participants in Crowdsale: 40%
• Token Allocation for Team Members: 3%
• Token Allocation for Partners: 3%
• Token Allocation for Pot ‘A’ Company: 5%
Team:
Carbon Chain Social Media Links for reference:
All readers are encouraged to do their own research while investing in the ICO. Below are some of the links that will help you in your research.
• Telegram link: https://t.me/carbonchainofficial
• Facebook link: https://www.facebook.com/CarbonchainInternational/
• Twitter link: https://twitter.com/carbon_chain
• LinkedIn link: https://www.linkedin.com/company/carbonchain/
• Website: https://carbonchain.org/
• Whitepaper: https://carbonchain.org/wp-content/uploads/carbon-chain-white-paper.pdf
If you have any questions, feel free to leave a comment below for me to answer your questions about this project. For more details on the project, please visit https://carbonchain.org/, and read the whitepaper at https://carbonchain.org/wp-content/uploads/carbon-chain-white-paper.pdf
BNTY username: durgeshgurnani