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Tokenization System

Overview​

The tokenization system of CO2 TRUST is designed to distartgitalize carbon credits into blockchain tokens, enhancing transparency, security, and tradeability. This process involves multiple stages, starting from the certification of carbon offsets to their transformation into various token types that can be traded and used across different platforms.

Detailed Process​

Step 1: Certification and Creation of CORCs​

Carbon Offsetting and Reduction Scheme for International Aviation (CORCs) are certified by Puro.Earth, ensuring each carbon credit meets strict environmental standards. These credits form the baseline for tokenization.

Step 2: Bridging CORCs to wCORCs​

Once certified, CORCs are bridged to CO2 TRUST where they are transformed into wrapped CORCs (wCORCs). This step involves:

  • Verifying the authenticity of CORCs.
  • Issuing equivalent wCORCs on CO2 TRUST, which represent the same value and environmental impact as the original CORCs.

Step 3: Allocation of Locked CO2Ts​

Anticipating future production of CORCs, CO2 TRUST issues Locked CO2T tokens based on estimated production data provided by Puro.Earth. These tokens are:

  • Initially locked and become available as actual CORCs are certified.
  • Represent commitments on future carbon reductions, providing early trading opportunities.

Conclusion​

Through the tokenization system, CO2 TRUST enables a robust market for carbon credits, supporting global carbon reduction initiatives with advanced blockchain technology. This system not only ensures compliance and transparency but also facilitates the active trading and utilization of carbon credits on an international scale.