Blockchain technology holds the promise of having the potential to transform many areas of everyday life for the better. One particular area of promise is the carbon credit market, which was valued at $211.5 billion in 2019 according to Coherent Market Insights.
Carbon credits allow polluters to offset the damage they do to the environment by essentially paying a tax on their emissions which goes to funding projects that take that carbon back out of the atmosphere. Carbon credits can essentially help a business, government or individual reduce their carbon footprint.
While it is consensus in the scientific community that big efforts need to be made in order to bring down global CO2 emissions in order to avert the impact of climate change, the carbon credit market, for now, 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, the technology hasn’t been there to democratize access to this rapidly growing market – Coherent Market Insights thinks it will be worth of $2.4 trillion by 2027.
But things are fast changing. And one crypto start-up called C+Charge is looking to transform EV charging forever by offering EV users carbon credit rewards for using their cars for the first time.
Here is how it works.
C Charge – The EV Charging Revolution
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.
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 Invest – Presale Open Now
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. The project has already raised an impressive near $65,000 since the presale launch.
The time has come to make an impact!
— C+Charge (@C_Charge_Token) December 23, 2022
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.
Hey, all #crypto lovers
@C_Charge_Token presale is now LIVE
Go ahead and join the green revolution with C+Charge!
— Jeff Matos (@jeffersnmatos) January 2, 2023
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.
BREAKING NEWS: @C_Charge_Token presale is LIVE
It's time to introduce crypto payments for the #EV charging
Don't sleep on this – Buy $CCHG now and become an early adopter!
— Crypto Nina (@Ninacrypto_) January 2, 2023
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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