CarbonABLE (CARBZ), DeFi and NFTs at the service of ecology

This article is written in partnership with CARBONABLE (find out more)

The blockchain at the service of ecology

In recent years, disturbing reports on ecological issues have come out one after another. These all converge towards the same conclusion: we must at all costs reduce greenhouse gas emissions and capture those already emitted into the atmosphere.

Among the various solutions offered, CarbonABLE stands out by offering to use the blockchain to fund green initiatives all in offering rewards to users having invested in the future of our planet. The project is thus arming itself with Web 3.0 tools in order to offer solutions using decentralized finance (DeFi) and non-fungible tokens (NFTs).

Reducing carbon dioxide emissions alone is no longer sufficient to avoid climate change. This is why the platform has taken the decision to develop decarbonization projects based on the regeneration of nature, with the aim to extend the green surfaces. The latter constitute carbon sinks allowing efficient capture of greenhouse gases and therefore to mitigate climate change.

To do this, CarbonABLE identifies the best reforestation, agroforestry, or mangrove replanting projects to make NFTs sold on their platform. Once funded, these projects will offer holders of non-fungible tokens passive income in stablecoinsas well as tokens CARBZthe platform’s governance token.

CarbonABLE tackles several flaws in the system

The first problem hindering the necessary ecological transition is the slowness and low level of investment by States or large companies. Worse still, some States like Brazil carry out massive deforestation, which therefore destroys immense carbon sinks and dramatically worsen climate change.

The second problem is the lack of transparency and efficiency of the voluntary carbon credit market. This financial mechanism, which makes it possible to buy or sell carbon credits, constitutes an incentive to finance ecological projects.

This market is of great interest to companies that want to contribute to carbon neutrality, but today it is not functioning well, in particular because of a lack of traceability of carbon credits.

Thus, this lack of transparency in the exchange of carbon credits plays into the disfavor of companies sometimes accused of โ€œgreenwashingโ€which can buy credits that do not correspond to reality (for example, the forest has burned for a long time!)

The last problem is lack of blockchain projects connected to the real world. The current rise of blockchains and cryptocurrency attract more investors in the world, but many projects remain little linked to reality, even purely speculative. However, users are increasingly looking to increase the financing of projects that offer an attractive returnbut also projects that would have a positive impact on the world.

This is why CarbonABLE proposes to offer a investment accessible to all through the blockchain. This technology is the answer to the 3 problems raised above. Thanks to the transparency and traceability it provides, it allows crypto-investors to massively and quickly finance high-impact nature regeneration projects.

NFTs here offer a proof of participation in the various decarbonization projectsand allow their holders to obtain an annuity on carbon credits from the project over several decades as well as statistics and reports on the positive impact it has had on the ecology and local communities.

Which blockchain to choose for CarbonABLE?

The offer of blockchains is growing day by day, which makes it possible to find the one that is best suited to each project. For CarbonABLE, the choice obviously falls on a consensus that consumes the least energy possible.

It is therefore natural that CarbonABLE decided to turn to a Proof of Stake type blockchain. The first two projects carried out on Cosmos for its interoperability and low resource consumption allowed an instant sale despite a terribly degraded crypto context following the UST depeg.

In the future, it is also possible that the project will turn to Ethereum when this juggernaut has completed its transition to Proof of Stake. The community is now being consulted to see which blockchain CarbonABLE could turn to.

How does CarbonABLE generate revenue?

CarbonABLE will earn revenue on 3 different stitches to build a sustainable project:

  • A commission on the sales of NFTs when they are issued;
  • A royalty from resales of NFTs on the secondary market;
  • And finally a percentage on the sale of carbon credits to cover management costs.

The longevity and development of CarbonABLE are based on these different revenues and therefore make it possible to sustain investments. The percentage collected during the sale of carbon credits can be discussed by the community via governance votes to offer a decentralization of CarbonABLE.

A financial annuity for investors

Having a CarbonABLE NFT allows you to prove your involvement in projects that have a positive impact on the fight against climate change. These non-fungible tokens can subsequently be resold on the secondary marketor remain in the wallet of their owners.

In addition to allowing investors to obtain proof of their participation in ecological initiatives with a tangible impact in the fight against global warming, CarbonABLE offers rewards for investors who decide to lock in their assets via staking.

First of all, regular passive income is offered through the sale of carbon credits generated by the various investments. This income will be allocated to investors in stablecoins and CARBZthe governance token of CarbonABLE.

Staking then offers advantages for more regular users of the platform. Among them, a reduction in service fees and access to airdrops, but also priority access to future projects.

The CARBZ token and its roles

In addition to stablecoin rewards, investors will receive CARBZthe governance token of CarbonABLE which has several roles within the platform.

Figure 1: Visual of the CARBZ token

A utility token

Having CARBZ can be beneficial in several ways. L’increase in income is one, since the fees paid by the users of the platform as well as the surpluses generated by the sale of carbon credits will be shared with users who own the CARBZ.

Holding CARBZ also increases your chances of having priority access during the next releases of NFTs CarbonABLE.

A governance token

The CARBZ also offers its holders the right to vote concerning governance of the CarbonABLE protocol. People holding CARBZ will be able to vote to improve the protocol and take part in decisions on the distribution of income.

A successful first attempt

On Friday, May 6, 2022, the first sale of CarbonABLE NFTs took place. After a start at 5 p.m., only two seconds were needed for the 160 NFTs on offer to be sold to the community.

This first project, the objective of which is to replant trees in the Banegas farm in Costa Rica, will make it possible to capture 1,851 tons of CO2 over the next 30 years. The replanting of these 8,000 trees native to the region will also allow a return of local flora and faunawhich represents a first victory for CarbonABLE and biodiversity.

Despite an unfavorable context due to the recent news of the Terra ecosystem and its UST, a second sale of 360 NFTs will remain a great success, since it will have taken only a few minutes for the stocks to be sold. This sale will finance a new mangrove replanting project in Las Delicias in Panama which should capture nearly 5,000 tonnes of CO2 over the next few years.

Conclusion on the CarbonABLE project

CarbonABLE is an ambitious project who wishes create a bridge between DeFi and the real world to develop many ecological projects.

Easy to access, it is now possible for everyone to participate in initiatives for the planet while generating passive income.

Its transparency and reliability could make CarbonABLE a sustainable and preferred solution in the fight against climate change.

๐Ÿ‘‰ To learn more, join the French community on the CarbonABLE Discord server

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This is a sponsored and paid article. Cryptoast has done prior research on the products or services presented on this page but cannot be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

About the Author : Kamil Witoslawski

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As an economics student, cryptocurrency and blockchain caught my attention a few years ago, and I am now intrigued by their implications for the economy and society.
All articles by Kamil Witoslawski.

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