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Hello there! Still on carbon chain project, let’s look this time at its tokens and their use cases. As we know as blockchain users, tokens are the lifeline of blockchain projects. It is the means by which blockchain projects acquire funds to implement their proposals, and these funds are generated in an event called token generating event (TGE).
Carbon chain will conduct its TGE in two phases: the pre-sales and the public sales. During these events, participants would be able to acquire tokens (Carbon Chain Tokens(CCT) and Carbon Chain Project Token(CCPT)) at discount rates.
Carbon Chain Token (CCT)
This is the major currency on the carbon chain ecosystem. The ecosystem would compose of different carbon-related projects and CCT would be a knot of some sort that would bind them all. That is, CCT is the currency that would be used in transactions across the different projects in the carbon chain ecosystem. Carbon chain will conduct a presale and crowd sale once for CCT. A total of 550,000 000CCT would be generated during these events. Soft cap for the event stands at $480,000 while the hard cap is $7.260mil.
Participants would be issued CCT during these events which they can later trade for carbon credits or sell to individuals/governments/corporations in need of them for purchase of carbon credits from the carbon credit exchange to reduce their gas footprints. Thus, the use case of CCT is for the purchase of carbon credits.
Carbon Chain Project Token (CCPT)
Carbon chain project token (CCPT) will be a sort of secondary token on carbon chain ecosystem. And though this token will be issued alongside CCT to the TGE participants, its functions/use cases are quite distinct from those of CCT and rather minimal. Unlike CCT which usage spread across the carbon chain ecosystem, CCPT would be used in the carbon chain e-wallet and also in a secondary exchange reserved for only registered members for the purchase of CCT. In other words, participants who are issued the CCPT tokens during the TGE would have to swap them later (on the members-only exchange) one a 1:1 ratio for CCT. Also unlike CCT which TGE is conducted once and for all, CCPT would have its TGE annually to raise funds for purchase of more carbon credits from registered companies. CCPT would have no set supply; rather its supply would be determined by the amount of carbon credits trades in the ecosystem. Its use cases are purchase of CCT tokens.
These disparities notwithstanding, a common feature of these two tokens is that they are both erc-20 compatible and can be safely stored in any ethereum wallet.
Basically, the funds raised from both presale and public sales of the two currencies (CCT and CCPT) would be used for bulk purchase of carbon credits from registered companies and from the United Nations body on carbon reduction and also for the development of the carbon chain ecosystem and its related projects.
The dates for these token generating events have been delayed and would be announced in the near future. However you can find more information on the carbon chain project at their official website https://carbonchain.org/#home
And their whitepaper: https://carbonchain.org/wp-content/uploads/Carbon-Chain-White-Paper-21-Aug.pdf
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