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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Kyoto Token Factory

Coming 4th Quarter 2022

PreviousKyoto Carbon Credit PerpetualsNextExecutive Summary

Last updated 2 years ago

Description

This is a DApp within the KyotoDEX that allows project owner with of existing/approved carbon credit to tokenize and fractionalize their carbon credits into their own carbon credit spot tokens. This project specific KYOCS tokens ("P-KYOCS") can then be listed on KyotoDEX.

The Kyoto Token Factory ("Factory DApp") will create the P-KYOCS tokens where each token is equivalent to 1kg CO2e. The Factory DApp will also issue an NFT certificate as a proof of tokenization.

The Factory DApp process shown below allows for total transparency and traceability of carbon credits since in effect it creates a parallel carbon credit registry on the blockchain once the P-KYOCS tokens are issued.

Kyoto Tokenization Process

  1. A project owner (e.g. organizations, corporations, etc...) register themselves in the Kyoto Token Factory ("Factory DApp"), and upload relevant documents on their project's carbon credits.

  2. Dev Team will manually conduct due diligence and will confirm with the standard body that issued the project's carbon credit.

  3. The Standard Body ("Auditor") register as validator on the Factory DApp, registration can also be done by the Dev Team on receiving approval from the Auditor.

  4. The Auditor will confirm the validity of the project on the blockchain.

  5. The project owner apply by indicating the amount of carbon credit to be tokenized.

  6. The Auditor approved the amount, and make notes on their carbon registry.

  7. Once approved i) the P-KYOCS tokens are transferred to project owner's wallet, ii) An NFT certificate is issued to the project owner that represents proof of tokenization.

  8. The project owner can then list the P-KYOCS tokens on KyotoDEX for trading.

  9. Investors purchased P-KYOCS tokens

  10. Project owner received sales proceeds.