FAQ
What is KlimaDAO?
KlimaDAO is a Decentralized Autonomous Organization to drive climate action and fulfill our manifesto, via our carbon-backed, algorithmic cryptocurrency- the KLIMA token.
As the protocol grows, KlimaDAO will solve the critical problems of the carbon markets:
Illiquidity: Carbon Credits come in many different varieties; carbon brokers and middlemen are used by buyers and sellers, fragmenting the total liquidity of the market.
Opacity: Trades occur often behind closed doors, allowing buyers to underbuy the market.
Inefficiency: buying and retiring carbon credits comes with friction and barriers, by utilizing the polygon ecosystem, it removes this friction for all users.
In delivery of its objectives, KlimaDAO will become the single biggest disruptor of the carbon markets and set a precedent for a new monetary system backed by carbon. KlimaDAO will serve the web3 ecosystem by offering accountability for those that contribute, rewards for stakeholders, and a stake in governance for those that participate.
What is the point of Klima DAO?
1: Drive Climate Action
KlimaDAO incentivizes new supply of Tokenized Carbon Tonnes (TCT) on the blockchain through the KLIMA token. By driving demand into Tokenized Carbon, it incentivizes carbon offset producers to produce more carbon credits, assisting the adoption of new carbon mitigating or sequestering technology, and disincentivizes companies wanting to offset their carbon footprint with only C.Cs, and forces them to perform environmentally friendly actions.
KLIMA is the first building block for unlocking the carbon economy — an economy where more economic activity leads to an acceleration in planetary regeneration rather than more damage to our planet. Before, monetary incentives and environmental incentives aren't typically aligned.
2: Become a Carbon-Based Reserve Cryptocurrency.
The KLIMA ecosystem and monetary policy are managed by the KlimaDAO. This way we guarantee transparent decision making and long-term stability. In the long term, we can use this system to optimize stability, to transition to a global unit of account and medium of exchange. Currently, in the short term, we're focused on growth and wealth creation, to incentivize users to join the new wave of carbon currency.
3: Facilitate the Climate Markets.
The current carbon (and the climate in general) markets are illiquid, fragmented, inefficient, and opaque. Because of this, we feel that carbon tonnage is heavily undervalued, and is forced down because of these issues. By eliminating these issues, the true price can be achieved.
What can I do in the KLIMA ecosystem?
How do I participate in KlimaDAO?
Participation in the carbon ecosystem: At the time of writing BCT, NCT, UBO, NBO and MCO2 are the main forms of tokenized carbon within the KlimaDAO treasury and their flow into the treasury underpins protocol growth.
Who created KlimaDAO?
Who runs KlimaDAO?
Is KLIMA backed?
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