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
  • Token Structure
  1. Our EcoSystem
  2. Kyoto Carbon (KYOC)

Kyoto Carbon Credit Spot Tokens

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Last updated 2 years ago

Description

Kyoto Carbon Credit Spot Tokens are backed by carbon credit units that are purchased from carbon credit exchanges, project developers or brokers. The status of these carbon credits are 'Active' (the carbon credit hasn't been retired or deleted from the carbon registries) and classified as 'Guaranteed reductions' which means that the project's carbon emission reduction has been verified and carbon credits have been issued by the carbon standard bodies.

The Token name: Kyoto Carbon Credit Spot Token

The Token symbol: KYOCS-[series letters & numbers].

Since the underlying carbon credits are still 'active', owners of KYOCS can freely trade their KYOCS on the KyotoDEX.

User who wants to offset their carbon footprint can purchase KYOCS and can retire it by sending the token to the designated retirement / redemption wallet.

Token Structure

Structuring of Kyoto Carbon Credit Spot Token will follow the activities below:

  1. Originate voluntary carbon credits by purchasing voluntary carbon credits from various marketplaces (carbon exchanges & carbon credit brokers). Minimum transaction size: 1 carbon credit = 100 tCO2e or 1,000 tCO2e depending on the seller.

  2. Tokenize the carbon credits into multiple carbon credits tokens (1 KYOCS token = 1 kgCO2e) once ownership of the carbon credit have been updated.

  3. Listing of KYOCS on KyotoDEX.