VANCOUVER, BC / ACCESSWIRE / February 2, 2023 / Cascadia Carbon reveals its technology for onboarding carbon-negative assets. Their digital solution was developed to give people an economic incentive for planting and caring for trees by enabling them to tokenize and sell these assets to corporations.
On the Carbonaut App, environmentalists can tokenize their trees through its carbon-backed crypto token, "$CODEX" (Carbon Offset Decentralized Exchange). The App has a mechanism to record trees through a multi-step process that requires individuals and corporations to add their trees by uploading photographs of them and filling in specifications like the height and species of the trees, among other vital details.
The App tracks and quantifies the carbon stored in the recorded trees owned by individuals and institutions. The owners are then able to monetize and trade their value via the ecosystem's native $CODEX token. As the physical trees grow, extra $CODEX tokens are created from #NFTree NFTs, increasing their intrinsic value. This initiative is becoming increasingly relevant in the carbon offset market amid the prevailing global climate change issues.
"Economic interests are posed against the fight for climate protection, and we are working towards rectifying that with our $CODEX cryptocurrency. We believe there's no reason these mechanisms can't be repurposed to encourage people to protect what we have while still benefiting economically from it. That's what we're trying to be leaders in." Alex Wick, founder of Cascadia Carbon, stated.
Currently, the company is in the last technological development stage of its solution, which involves seeking funding for the App, to enable the company to streamline everything they've been working on and expand its market reach. They are also open to partnering with developers to enhance the application's capabilities.
Commenting on this, Alex Wick said, "There is no economics on a suffocating planet, and trees are quite literally the only thing we have that removes carbon from the air at scale. We need to restructure how people consider our relationship between the fight against climate change, capitalism, and innovation by using what we already have. I'm proud of how our products impact the global net-zero emissions movement."
About Cascadia Carbon:
Cascadia Carbon is a carbon-neutral environmental company founded in 2019 by Alex Wick. The company's offerings are centered around curbing global warming through impactful investments. It's one of the world's only existing currencies rooted in physical assets with a guaranteed return, which can be monetized for the fight against climate change.
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SOURCE: Cascadia Carbon