What is KyotoCoin (KYO) ?
KyotoCoin is the system token of Kyoto Network. KyotoCoin has a built-in staking, liquidity and carbon offset mechanism. Every KyotoCoin transfer attracts a transaction fee of 5%, which will be re-distributed as shown:
I) 2% to be shared by ALL KyotoCoin owners.
II) 1% to be added to DEX's Liquidity Pool where KyotoCoin will be listed.
III) 1% to be used to undertake carbon offset transaction.
IV) 1% to be donated to environmental charities.
What is Carbon Credit ?
“A carbon credit is a tradable permit or certificate that provides the holder of the credit the right to emit one ton of carbon dioxide or an equivalent of another greenhouse gas”. (https://corporatefinanceinstitute.com/resources/knowledge/accounting/ppe-property-plant-equipment/)
What makes Kyoto Network project unique
I) Anyone can now invest in carbon credits
The Kyoto Network aims to allow ANYBODY to purchase carbon credits for investment purpose and to offset their carbon emission. This is achieved by tokenizing the standard carbon credit size of 1 tCO2e into tokens equivalent to 1 kgCO2e each.
II) Exact carbon offset matching
Currently, existing carbon credit tokens like MCO2 & UPCO2 are also based on the standard size of 1 token = 1 tCO2e. That means an NFT issuer who consumes about 50 - 70 kgCO2e (calculations using: https://carbon.fyi) for minting an NFT will not be able to match their carbon offset.
III) Any user can create their own carbon neutral tokens.
The Kyoto Network’s Token Factory will also allow any token owners to transform any tokens into Carbon Neutral Tokens.
