Joel Frank
The global carbon credit market, with an estimated value of $211.5 billion in 2019 as per Coherent Market Insights, is set to experience rapid growth in the coming years as nations race to meet carbon emission reduction targets. Coherent Market Insights forecasts the market valuing $2.4 trillion by 2027.
But despite its enormous size, the carbon credit market remains highly centralized. Most of the trade in credits is conducted by big industry players, like major polluters. Meanwhile, major electric vehicle (EV) makers like Tesla rake in millions of dollars per year in sales of carbon credits.
But climate change cannot be addressed through the actions of big corporations alone. Individuals also need to play a role by changing their everyday habits to reduce their carbon footprint. Until now, there hasn’t been a viable way to reward individuals for lowering their carbon footprint.
But the latest developments in crypto technology are changing this. And one company in particular called C+Charge is looking to transform EV charging forever.
Fact check
⚠️ In the US, the average passenger vehicle releases 650g CO2/km
The US government is planning to replace fuel cars with #EVs
At C+Charge we working on a seamless payment solution for #EV drivers ☘️
Join our presale now ⬇️https://t.co/ixe18bPqzI pic.twitter.com/hKOzGsfW4L
— C+Charge (@C_Charge_Token) December 20, 2022
What is C+Charge?
C+Charge is developing a peer-to-peer blockchain-based payment system designed to open up the carbon credit reward market to the drivers of EVs, like Tesla. C+Charge’s aims go way beyond purely democratizing access to carbon credit rewards. The company hopes its revolutionary platform can attract a wave of new EV buyers, attracted by the prospect of being financially rewarded for lowering their carbon footprint with an EV.
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.
How to use your $CCHG?
♻️ Use it to charge your #EV with our partner charging stations
♻️ Receive carbon credits and earn from the marketGrab your $CCHG before it's gone ⬇️https://t.co/ixe18bPqzI pic.twitter.com/HLqr9icw6Q
— C+Charge (@C_Charge_Token) December 21, 2022
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 Profit – The C+Charge Presale
To fund its development, C+Charge just opened the pre-sale of its CCHG token, 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.
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.
The Presale Is Officially Live
Starting price: 1 $CCHG = $0.01300
Follow the link below and buy $CCHG now! ⬇️https://t.co/ixe18bPqzI pic.twitter.com/XuI6EEAlWz
— C+Charge (@C_Charge_Token) December 15, 2022
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.
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This article was written for Business 2 Community by Joel Frank.
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