Ultimately, BCT is composed of tokenized Verra carbon offsets, which have inherent use-value to compensate for the emissions of an individual or organization. With BCT trading below off-chain prices for comparable Verra offsets, on-chain offsets like BCT will become increasingly attractive to legacy buyers of offsets. At the same time, as the on-chain offset market matures, tokenized carbon offsets will have many more use-cases and integrations (e.g. user-friendly retirement functionality, additional protocols for borrowing and lending, AMMs built around offsets, automated offsetting through wallet and protocol integrations, and so on). These additional sources of demand will ensure that even if the protocol’s bond facility had to be disabled in a crisis, the on-chain offset market would not collapse.