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Klima DAO enables Web3 builders and users to join the carbon market using the KLIMA token. KLIMA tokens are:
Fungible: compliant with the ERC20 token standard Backed: supported by no less than 1 tonne of tokenized verified carbon offsets held in the Klima DAO treasury Governance-ready: KLIMA holders can vote on Klima DAO policyIn this way, the DAO functions like a "de-central" bank, setting the monetary policy for a new carbon-backed currency in a manner similar to how a central bank manages fiat monetary policy. As the protocol expands, Klima DAO aims to address major carbon-market challenges:
Illiquidity: Carbon Credits vary widely, and the use of brokers and middlemen splits overall market liquidity between different channels. Opacity: Many trades happen privately, which can let buyers price themselves below the market. Inefficiency: The process of purchasing and retiring carbon credits introduces friction and barriers, and using the polygon ecosystem helps remove that friction for all users.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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