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 Offset Token

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Last updated 2 years ago

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:

  1. Issuance of KYOCO tokens where each token give the owner/user the right to redeem or retire 1 kg CO2e.

  2. Listing of KYOCO on KyotoDEX

  3. Owner/user send KYOCO to redemption wallet & Digitorize will purchase 'active' carbon credits and immediately offset it.

  4. KyotoDEX NFT certificate will be sent to the User.