PIONEERING CARBON MARKETPLACE, JUST CARBON EXPANDS ITS GLOBAL EXCHANGE PORTFOLIO WITH DIGIFINEX, COINSBIT, LATOKEN AND COINSTORE
JustCarbon’s multi-exchange platform partnerships increase signifies its position to tackle climate change the right way
London, Tuesday 26 April: A world-leading carbon action marketplace, JustCarbon, has today announced its play for dominance in the carbon markets with a multi-exchange platform partnership that includes heavyweights DigiFinex, Coinsbit, LAToken and Coinstore – with JustCarbon Removal tokens (JCRs) available on each exchange.
JustCarbon will also offer a one-time promotion to bring the decentralised finance community together to celebrate the partnerships. For every JCR (1 JCR is the equivalent of 1 tonne CO2, currently priced at $25 per tonne), purchasers will be airdropped ten JustCarbon Governance tokens (JCGs) and gain a voice and voting rights in the governance of the JustCarbon DAO (Decentralised Autonomous Organisation) which will take over governance of JustCarbon within 6-12 months.
DAOs are the single most exciting proposition for decentralised finance. For crypto enthusiasts speculating in the marketplace, it is a crucial marker to own a share of governance; currently, the value of DAOs when they become regulated is a tantalising unknown. JustCarbon will hold an auction for JCGs from 17 – 20 May to determine an initial value before the entire ecosystem is live on May 23 and JCGs hit the open market.
In a bold statement supporting the carbon marketplace, LAToken is buying and burning 200 JCRs, equivalent to 200 tonnes of CO2 removed through nature-based carbon sequestration, on behalf of their community.
Carbon markets have demonstrated that they are one of the few instruments that can deliver capital at scale to climate change mitigation projects worldwide, particularly in developing countries, which JustCarbon aims to revolutionise.
John Auckland, co-founder at JustCarbon, said: “Blockchain can enable a future proof circular economy which is a crucial element to JustCarbon’s marketplace that sets it apart. It has been founded on a planet-positive belief, ensuring that only the highest quality credits are available to be minted on exchanges.
“The JustCarbon marketplace ensures that climate action is transparent, accessible and, importantly, trustworthy whilst being environmentally sound. Partnering with a number of global multi-exchange networks is a magnificent step towards a shared goal. Now is a hugely exciting time for speculators and investors to own membership in a rapidly growing voluntary carbon market that could reach £550 billion by 2050.”
JustCarbon’s overall aim by merging the utility of blockchain with the climate benefits of carbon credits is to simplify finance for projects offsetting carbon emissions and, crucially, break ground on more ambitious carbon sequestration projects that will help get the world to and beyond net-zero. In addition, these new partnerships will extend the reach and impact of the carbon credit marketplace.
John Auckland, Co-Founder at JustCarbon, added: “We don’t allow just any credits to be tokenised, and each project is vetted against our criteria. We accept only credits from sequestration activities certified by Gold Standard or Verra – VCS with additional CCBA accreditation. In addition, credits must have been issued in the last five years to ensure the projects have used the most current accounting methodologies.”
Individuals and businesses can purchase JCRs on the following exchanges from Monday 25 April. Digifinex, Coinsbit, LAToken, Coinstore, Chintai, The Crypto Climate Exchange and Uniswap plus from the JustCarbon website.