Carbon Credit Market Democratization is Overdue
The carbon credit industry is expanding rapidly as countries work to address climate change. According to analysts at Refinitiv, the value of carbon credits traded increased by 164% in 2022, reaching a total trading volume of $851 billion.
Meanwhile, according to analysis from Coherent Market Insights, the market cap of the global carbon credit market was around $211.5 billion in 2019 and is expected to grow to over $2.4 trillion by 2027.
This is undoubtedly a positive thing. Carbon credits allow polluters to offset their CO2 emissions by essentially funding carbon-negative projects via investments in carbon credits. So, growth in the carbon credit market’s size suggests more is being done to address CO2 emissions.
But the carbon credit market has a big problem. Its centralization and concentration.
The carbon credit market remains dominated by big players and remains largely inaccessible to individuals. Big manufacturing/industrial sector players get to buy credits on mass. Big sellers, like electric vehicle (EV) maker Tesla, get to sell credits on mass.
Up until now, technology hasn’t been there to democratize access to this rapidly growing market. But a brand-new crypto start-up called C+Charge is looking to change that by harnessing the power of the blockchain.
2021 saw the value of the global carbon market at a record high of €760B.
Expect a new ATH in 2022, due to an increased demand for carbon credits and revenue generated from carbon trading.@C_Charge_Token is your gateway into the carbon credit market.
Join TG to know more. pic.twitter.com/mdx0zt2FfY
— C+Charge (@C_Charge_Token) October 19, 2022
C+Charge – The Future of EV Charging
C+Charge is looking to massively disrupt the electric vehicle (EV) industry by offering EV drivers a way to earn carbon credits when they charge their vehicles for the first time.
At C+Charge, we are developing a large-scale payment solution based on blockchain technology, providing the most transparent transactions for #EV charging experiences
You still have a fantastic chance to purchase some $CCHG!
Join our presale now
— C+Charge (@C_Charge_Token) December 31, 2022
EV drivers will use the C+Charge application to pay to charge their vehicles. They will pay using C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app. GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco.
The more EV owners charge and drive and the more CCHG they spend, the more GNT they will earn. CCHG also have an opportunity to earn carbon credits passively. There is a 1% tax on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them proportionately amongst CCHG token holders.
As well as acting as a payments platform for EV charging and a carbon credit tracker, C+Charge’s application will also help users easily geolocate nearby charging stations and will offer useful information such as real-time charger wait times and charging station technical diagnosis.
How to Get Involved
C+Charge recently opened a pre-sale of its CCHG token to fund its development, with 40% of the token’s maximum supply of 1 billion set to be made available to the public over the next few weeks. At present, tokens are currently on offer for $0.013 each, but will rise to $0.02350 over the course of four different presale stages. The project has already raised an impressive nearly $85k in just a few weeks since the pre-sale launch.
Given the high levels of interest in green projects, as epitomized by the recent success of the IMPT.io presale and ICO, investors should move quickly to scoop up these tokens at a discount if interested.
Investing in C+Charge’s presale is easy. Users will need either a Trust Wallet or MetaMask Binance Smart Chain crypto wallet. This wallet will need to be funded, and can be done so easily inside MetaMask or Trust Wallet, including via card.
Users need to connect their wallet on the C+Charge website and then they will have the option to buy CCHG using either BNB or USDT on the Binance Smart Chain. Tokens can be claimed and will enter the user’s wallet after the token presale has been concluded.
- Here’s How to Invest in the EV Charging Revolution With a New Blockchain Platform And Earn Carbon Credit Rewards
- How to Buy C+Charge ($CCHG) Tokens – A Beginner’s Guide
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