Carbon Credit
Trade carbon credits as tokens, making environmental impact measurable and liquid.
$KLIMA · 7 days on top this week
$OFFSET sank to a 16 gem score this week
A standout this week: $KLIMA reached a gem score of 64
4 tokens rose and 1 fell this week
$KLIMA +100.6% this month
$CANA sank to a 0 gem score this month
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
KlimaDAOKLIMA | $0.002313 | 3.7% | 2.6% | 34.9% | $0 | $0 | 61.62 | 34,231 | 0.1651 | 0 | |
Klima Protocol kVCMkVCM | $0.006667 | 1.0% | 2.3% | – | $165,969 | $68.65 | 30.58 | 1,576 | 0.3951 | – | |
VerraVerra | $0.00003164 | 0.0% | – | -1.3% | $31,718 | $0 | 25.59 | 679 | 0.1093 | – | |
OffsetOFFSET | $0.06311 | – | – | 26.3% | $31,933 | $35.01 | 25.57 | 240 | 0.0713 | – | |
CANA Holdings California Carbon CreditsCANA | $28.99 | 0.0% | 54.0% | 0.0% | $649,313 | $0 | 23.59 | 232 | 0.2927 | – |
Frequently asked questions
How has Carbon Credit performed recently?
The Carbon Credit category has shown mixed signals over the past month. Over the last seven days, the category experienced more tokens moving up (2) than down (1). KlimaDAO (KLIMA) has been a strong performer, leading with a 7-day streak and achieving the highest score of 35.4698 in this period. Over the thirty-day window, the trend reversed with more tokens moving down (2) than up (1). Verra saw a significant drop, falling in rank by 1 and decreasing its score by 28.1%. Despite this, Verra still held the highest score of 35.6879 over the 30-day period. KlimaDAO (KLIMA) maintained its strong performance, leading with a 9-day streak. CANA Holdings California Carbon Credits (CANA) registered the lowest score of 0.0 in both the seven-day and thirty-day windows.
What are tokenized carbon credits?
Tokenized carbon credits are digital representations of traditional carbon credits on a blockchain. Each token typically represents one tonne of carbon dioxide equivalent removed or reduced from the atmosphere. Tokenization enhances liquidity, transparency, and accessibility for a broader range of participants.
How do tokenized carbon credits work?
Traditional carbon credits are issued by registry bodies and then tokenized by a project developer or an intermediary. These tokens can then be bought, sold, and retired on various blockchain platforms, allowing for easier tracking and verification of their impact. When a token is retired, it signifies that the underlying carbon credit has been used to offset emissions and cannot be reused.
What are the benefits of investing in tokenized carbon credits?
Investing in tokenized carbon credits offers several benefits, including increased transparency through blockchain traceability, improved liquidity compared to traditional markets, lower transaction costs, and greater accessibility for individual investors and smaller organizations. It also provides a way to support environmental initiatives and potentially benefit from the growing demand for carbon offsets.
What risks are associated with tokenized carbon credits?
Potential risks include the volatility of cryptocurrency markets, regulatory uncertainty in the nascent tokenized carbon market, the challenge of verifying the quality and additionality of underlying carbon projects, and smart contract vulnerabilities. It's crucial for investors to conduct thorough due diligence on both the token platform and the underlying carbon projects.
Where can I find tokenized carbon credits?
Tokenized carbon credits are available on various decentralized finance (DeFi) platforms and specialized marketplaces that bridge traditional carbon markets with blockchain technology. These platforms often list different types of carbon credits, such as nature-based or technology-based, from various project developers.