Carbon Credit Price (CCT)

What Is Carbon Credit(CCT)?

Carbon Credit(CCT) is a crypto currency linked to the European Union Carbon Allowance Carbon Credit. These Carbon Credits are traded on the ETS, the world's largest regulated market which makes up 90% of the world global carbon market.

Why CC Token?

The entry barrier for regulated carbon trading is prohibitively high. The EUA futures market is dominated by large utility suppliers and industrial conglomerates, only allowing small and medium-sized industrial companies to access the spot market, and has even more restricted access for retail investors. Furthermore, the existing carbon cryptocurrency projects, such as Klima DAO, Single Earth, Toucan Protocol and others, mostly operate in the voluntary carbon market The project has created an ecosystem which enables consumers to invest easily in European Carbon Allowance, democratizing the current system. The project has launched CCT Token, a cryptocurrency with European Union Allowance Futures as the underlying asset. CCT Token has been listed on bitmart and will be listed on multiple other large exchanges in the future. This will enable retail consumers to trade CCT Token akin to any other crypto assets.

How Does Carbon Credit(CCT) Work？

CC tokens Ltd (hereafter the "Company") is a Caymen Based company that develops, maintains, and markets the CC Token. The Company owns the immaterial rights of the software components related to the ecosystem. The Company acquires European Union Allowance Futures and releases a matching number of tokens to exchanges. The Company will be remunerated with 10% of the CC Token at the inception of the ecosystem.

What Is Carbon Credit(CCT) Token?

The project will be implemented on top of the Algorand blockchain, the green blockchain. The CCT Token is an Algorand Standard Asset. All tokens were minted at the inception of the project, and will be distributed according to a pre-defined schedule. Each CCT Token represents approximately one kilogram of carbon emission. The Company will continuously acquire European Union Allowance Futures in multiple batches according to a predefined schedule. The Company will acquire a new batch approximately every three months as each EUA contract expires in 3 months from acquisition date. A contract is one lot of 1000 EUAs, with each EUA being an entitlement to emit one tonne of carbon dioxide equivalent gas. Therefore, one lot represents one million kilograms. (1 kilogram = 0.001 tonne) and a batch of futures may contain multiple lots. After the Company has acquired the futures, it releases an equal number of CCT Tokens to one or more exchanges with an asking price that is equal to the acquisition price of the batch divided by the number of tokens. For example, if the batch contained three lots and the price of acquisition was 30,000 EUR, the number of released tokens is 3,000,000 and the ask price 0.0102 EUR, reflecting the 2% management fee. The management fee will be used to cover trading and custodial costs of the EUA.

Where Can You Buy Carbon Credit(CCT)?

Investing in Carbon Credit can seem complicated, but it is much easier when you buy Carbon Credit through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Carbon Credit — both for fiat money and other cryptocurrencies. Some of the most popular Carbon Credit cryptocurrency exchange are:

• BitMart

Please check Carbon Credit(CCT) token address If you want to buy or sell Carbon Credit(CCT) on dex exchange. Beware of scams!
Click here to view Carbon Credit(CCT) price in different crypto exchanges.

Carbon Credit (CCT) Community

• Twitter: https://twitter.com/CCTokenHQ
• Discord: http://discord.gg/GfTxquzhMW
• Telegram: https://t.me/cctokencommunity

What is Carbon Credit (CCT) Contracts address?

• Algorand: 657291910