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Klima DAO gives Web3 builders and users the opportunity to participate in the carbon market through the KLIMA token. KLIMA tokens are:
Fungible: per the ERC20 token standard Backed: by at least 1 tonne of tokenized verified carbon offsets locked in the Klima DAO treasury Useful: holders of KLIMA will have the ability to vote on Klima DAO policyTherefore, the DAO serves the role of a "de-central" bank, governing the monetary policy of this new carbon-backed currency, just as a central bank governs the monetary policy of a fiat currency. As the protocol grows, Klima DAO will solve the critical problems of the carbon markets:
Illiquidity: Carbon Credits come in many different varieties; carbon brokers and middlemen are used by buyers and sellers, fragmenting the total liquidity of the market. Opacity: Trades occur often behind closed doors, allowing buyers to underbuy the market. Inefficiency: buying and retiring carbon credits comes with friction and barriers, by utilizing the polygon ecosystem, removes this friction for all users.Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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