CLIMATECOIN: Action against Climate Change
Climate change is a global problem which is worsening day by day. Many factors like global warming, pollution, deforestation, and overpopulation are responsible for this sudden spurt in climate. Research reveals that Carbon dioxide levels in the air are at their highest in 650.000 years (406,17 part per million), 16 of the 17 hottest years on record have occurred since 2001, in 2012 arctic summer sea ice shrank to the lowest extent on record, satellite data show that earth’s polar ice sheets are losing mass (287gigatonnes per year). Being the habitats of this planet, humans have a large role to play in the creation of this problem. Also, the solution must be provided by them only. Hence, comes into play, CLIMATECOIN.
CLIMATECOIN
CO2 token is a Novel cryptocurrency created for Climate change action. It has curated a coin for almost every person in the world. It will provide solutions to help contribute to this global problem. The platform is built using blockchain technology as it gives an easy way to eliminate intermediaries. One of the major advantages of using blockchain system is that it phenomenally reduces, costs in a diverse range of applications and most importantly in financial services. It discards the role of the central authority in conducting and validating transactions. The role of middlemen is also eliminated as the transactions will go straight from sender to receiver.
In favor of climate action, while assuring that financing is allocated to projects in an unbiased way, Blockchain technology has very efficiently developed crowdfunding and peer-to-peer financial transactions.
This technology has also provided much more transparency in regard to GHG emissions. It has eased up the process by making tracking and reporting emission reductions. Hence, it resolves double counting issues. It could serve as a tool to check the progress made in implementing the Nationally Determined Contributions, or “NDCs” under the Paris Agreement, as well as in company targets.
CLIMATECOIN’S Vision:
The aim of this platform is to develop a symbol for the common man enabling him to participate in this struggle against Climate Change. This is a cryptocurrency that will continually applaud over time. Accrediting to blockchain and IoT technologies, information will be transparent and updated regularly. Also, a discussion forum will be established so that the token holders may contribute in the suggestions to enhance investments that the foundation should make.
CLIMATECOIN Tokens (CO2)
Climatecoin Tokens are minted via the Token Sale Smart Contract. They are collaborating with some of the most reputed Ethereum security advisors. Their Token smart contract codes Audit is Positive. CLIMATECOIN Tokens are kept in an Ethereum ERC20 Wallet.
Roadmap for CLIMATECOIN:
Rest of 2017
• Primary Companies acquisition, negotiation, and agreements
• Marketing and Social plans to let Climatecoin be known around the world
• Contacts with forums and associations related to Climate Change
Plans for 2018
• Visit and Select companies of their interest
• Stakes purchase agreements.
Execution and future of CLIMATECOIN
Business acquisitions and progress of the business models will be the main source of raising funds. The main objective is investing in other companies’ projects. Relying on the total amount of money raised in the token sale, having greater funds will give the ability to invest in a wider variety of climate companies and it will mean a greater IRR. Their motto is to think big in order to be able to make effect, and therefore, 255 million CLIMATECOIN units is the total we are seeking to sell in the token sale. This whole amount will be used to invest in the different projects which they will select. As stated earlier, every acquisition will be directed by an audit – Due Diligence - and will then allow the funds held in the multisig wallet to be released.
• They will prioritize the development of the companies that they will invest in so that profit will be maximized. After a determined period of time, they may exit the companies by selling off their shares and leave with capital gains. They use venture capital fund strategies in order to reduce our risk.
• Their investments may be divided between two types of venture business namely, Early Stage investments are the ones which Start-up firms - those with less than$1 million in revenue and Later-stage investments are those that have raised capital at valuations greater than $100 million.
• Two major factors driving returns for these categories are less rates and holding periods. The likelihood of achieving expected returns depends on risk profiles, loss rates and holding periods, having always a good exit strategy.
For More information Visit:
Website: http://climatecoin.io
Linkedin: https://www.linkedin.com/company-beta/11229823/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2188692