Carbon Credit
Trade carbon credits as tokens, making environmental impact measurable and liquid.
Top gainers this week
Top losers this week
7 days at the top this week — $DOVU[base] is dominating the category
$CANA sank to a 0 gem score this week
$DOVU[base] · 46 gem score this week
$OFFSET -24.8% this week
3 tokens rose and 3 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
DovuDOVU[base] | $0.063 | 0.0% | 1,611.6% | 1,611.6% | $0 | $0 | 45.88 | 1,239 | 0.7068 | 0 | |
VerraVerra | $0.0004089 | -3.5% | – | – | $406,847 | $2,642 | 33.96 | 2,192 | 0.5192 | – | |
KlimaDAOKLIMA | $0.001622 | 0.4% | 1.3% | 35.7% | $0 | $15.28 | 32.71 | 8,166 | – | 0 | |
MossMoss | $0.06841 | 0.0% | 1,337.9% | 1,337.9% | $84,134 | $0 | 31.06 | 492 | 0 | – | |
carbon dioxideco2 | $0.0001089 | 0.0% | 443.1% | 443.1% | $108,922 | $0 | 19.71 | Meme+1 | 11 | 0 | – |
OffsetOFFSET | $0.06244 | 0.0% | – | – | $24,454 | $0 | 13.74 | 309 | 0 | – | |
KlimaDAOKLIMA | – | 0.0% | – | – | $0 | $0 | 0 | – | – | 0 | |
Frigg.ecoATT | – | – | – | – | – | – | 0 | Utility+1 | – | – | – |
CANA Holdings California Carbon CreditsCANA | $30.78 | -2.2% | 1.0% | 7.7% | $946,572 | – | 0 | – | – | – |
Frequently asked questions
How has Carbon Credit performed recently?
The Carbon Credit category shows mixed signals over both the 7-day and 30-day windows, with breadth equally split between 3 tokens up and 3 down. DOVU[base] stands out as a strong performer, leading in streaks for 7 days in the 7-day window and 8 days in the 30-day window, and achieving the maximum score of 45.8812 in both periods. Conversely, Offset experienced a significant drop, falling by 24.8% in score over both the 7-day and 30-day periods. CANA Holdings California Carbon Credits registered the minimum score in both 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.