Kyoto Carbon Offset Token
Description
The Kyoto Carbon Credit Offset Token or KYOCO is basically a Right to Redeem KyotoDEX NFT Offset Certificate i.e. a Right to Retire carbon credits. KYOCO token holders can execute this 'Right to Retire' at any time by sending the KYOCO to the specific redemption wallet. The KyotoDEX NFT Offset Certificate is backed by retirement certificate of active carbon credits purchased & retired for this purpose.
The Token name: Kyoto Carbon Credit Offset Token
The Token symbol: KYOCO-[series number/letters].
Since the purpose of issuing KYOCO is to allow purchaser to immediately offset their carbon footprint. Purchaser of KYOCO are encouraged to immediately send their KYOCO to the redemption wallet.
Token Structure
Structuring of Kyoto Carbon Credit Offset Tokens follow the activities below:
Issuance of KYOCO tokens where each token give the owner/user the right to redeem or retire 1 kg CO2e.
Listing of KYOCO on KyotoDEX
Owner/user send KYOCO to redemption wallet & Digitorize will purchase 'active' carbon credits and immediately offset it.
KyotoDEX NFT certificate will be sent to the User.
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