The Kyoto Network Whitepaper
  • The KYO Coin and The Kyoto Network
    • Overview
  • Our EcoSystem
    • Kyoto Coin (KYO)
      • Distribution & Use of Proceeds
      • KYO Valuation
    • Kyoto Carbon (KYOC)
      • Kyoto Carbon Credit Spot Tokens
      • Kyoto Carbon Credit Forward Tokens
      • Kyoto Carbon Offset Token
    • KyotoDEX
      • Kyoto DEX
        • Liquidity Pools & LP Token
        • Token Listing on Kyoto DEX
      • Yield Farming
      • Staking Pools
      • Kyoto Carbon Credit Perpetuals
      • Kyoto Token Factory
  • Market Fundamentals
    • Executive Summary
    • The Current State of Our Environment
    • Urgent Actions Required
    • Regulated Carbon Credit Markets
    • Voluntary Carbon Credit Markets
    • Latest Carbon Credit Market Prices
  • Extras
    • Tokenizing Carbon Credits-"caveat emptor"
  • KYOTO NETWORK
  • Use Cases
  • Migration To Polygon
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  • Description
  • Carbon Credit Token Types
  • Carbon Credit Token Series
  • Kyoto Carbon NFT Offset Certificate
  1. Our EcoSystem

Kyoto Carbon (KYOC)

The Carbon Credit Tokens (KYOC) are ERC20 tokens backed by 'active' carbon credits and carbon credits contracts.

Description

Carbon Credit Tokens or Kyoto Carbon (KYOC) are ERC20 tokens backed by 'active' carbon credits. Active carbon credits means the carbon credits are still valid and have not been retired or struck-off (deleted) from the official carbon registries. Retired carbon credit means the carbon credit doesn't exists any longer and hence has zero value since it has been deleted from the official carbon registries.

Features

  1. A digital token created on a public blockchain : KYOC Tokens are created on a public blockchain, that means it doesn’t exists in a centralized server prone to hacking, human error or downtime. All data on the blockchain is also immutable, that means no wallet, token, past transactions data can be deleted.

  2. Transparent: All information on KYOC token issuance, transactions, token holders (wallet) and retirement (burnt) are publicly available and available 24/7.

  3. Backed by real & active carbon credits: KYOC Tokens are backed by real & active carbon credits that exist under the International Carbon Registry, Verified Carbon Standard (Verra), Gold Standard Registries , and also under the UNFCCC Clean Development Mechanism Registry.

  4. Affordable & Offset Matching: Each KYOC Token is equivalent to 1kg CO2e, this is smaller than standard minimum carbon credit size of 1 tonne CO2e. This makes it affordable for everybody to invest in, users can also offset their exact carbon footprint.

  5. No maturity: Carbon Credits do not have a maturity date until it is retired (use for carbon offset) from the registry by its owners.

  6. Investment vs. offset choices: User has a choice to purchase different types of KYOC Tokens for carbon offset purpose or investment purpose. This is because unlike other seller/brokers we don’t immediately retire the underlying carbon credit on a sale. The users can hold Kyotocarbon purely for investment purposes.

Carbon Credit Token Types

There will be 3 types of KYOC tokens:

  1. Kyoto Carbon Credit Spot Tokens ("KYOCS"): Tokens backed by 'active' carbon credits. 'Active' means the carbon credit have not been retired and can therefore be traded. KYOCS can be retired for carbon offset purpose at any time.

  2. Kyoto Carbon Credit Forward Tokens ("KYOCF"): Tokens backed by forward agreement for future delivery of 'Active' carbon credits before or on specific time in the future. KYOCF can be traded and can only be retired for carbon offset purpose at or after the future delivery date.

  3. Carbon Credit Offset Tokens ("KYOCO"): Tokens that represent 'Right to Redeem' CarbonDEX NFT Offset Certificate. KYOCO tokens are meant for Users who wants to immediately offset their carbon footprint and NOT for trading. The Kyoto DEX NFT Offset Certificate is backed by retirement certificate of active carbon credits purchased & retired for this purpose.

Carbon Credit Token Series

Since each carbon credit project is unique the KYOC will be issued in different series to reflect the different type of projects in different countries. Different projects within a country can also be grouped under a country series and some series can also be issued under its continent, where projects from different countries of the continent can be grouped together. The combinations are endless but the main purpose here is to give choices to the investors.

For example:

  • The Token symbol for Kyoto Carbon Credit Spot Token based on Verra Forestry projects globally series 1 will be: KYOCS-VR-G-S1

  • The token symbol for Kyoto Carbon Credit Offset Token based on UN CDM projects in Asia series 2 will be: KYOCO-CDM-A-S2

The underlying carbon credits backing KYOC Tokens are those issued under the standards below:

Kyoto Carbon NFT Offset Certificate

Users who redeem their KYOC Tokens will be issued a carbon offset certificate in the form of an NFT on the Polygon network. Consistent with industry practices, the KyotoDEX NFT Offset Certificate will be issued back-to-back with retirement certificate issued by the Standard bodies to KyotoDEX or Digitorize on our customers behalf. KYOC Tokens sent to the redemption wallet will be burnt, hence reducing the supply of the particular KYOC series, once ALL the tokens have been redeemed, that particular series will be delisted from KyotoDEX.

Since the minimum size of carbon credit is 1 ton CO2e and the minimum size of KYOC Token is equivalent to 1 kg CO2e, There will be instances where we may be issuing KyotoDEX NFT offset certificate of smaller amount before we officially retired the larger amount with the carbon registries. To ensure that these numbers tallied, we will appoint an independent trustee or audit firm to conduct periodic audit which report will be published in our website.

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Last updated 2 years ago