The last Conference of the Parties (COP), the supreme body of the United Nations Framework Convention on Climate Change (UNFCCC), stressed that we are experiencing a climate crisis. The speech is more alarming than in previous years, as the reduction of greenhouse gas (GHG) emissions – particularly carbon dioxide, which is the main cause of the greenhouse effect – has not met the necessary reduction targets. and deforestation has increased. Global greenhouse gas emissions are 53.5 billion tons per year, representing 80% of the world’s pollution.
With a view to contributing to the environment, the world’s first cryptocurrency that helps preserve forests and also facilitates the transaction of carbon credits appears on the market. This is Cryptogreen, created by an American company in the state of Wyoming, Greenline Associates LLC, which emerges as a major player in forest conservation, especially in Brazil, by supporting environmental preservation programs.
Utilizing the most advanced blockchain technologies, Cryptogreen becomes the most agile means of acquiring carbon credits and offsetting greenhouse gas pollution from people and businesses. Those who buy with this bias will exchange the amount of cryptocurrencies, which corresponds to their GHG emissions, and after validation will receive a sustainability certificate, the Green seal, recognized by the United Nations.
Cryptocurrencies will be available for purchase at www.cryptogreen.org and on the Waves platform, which ensures currency transfer takes place within five seconds.
Cryptogreen is the first carbon-based cryptocurrency. Its main objective is to provide an easier and more flexible way for polluting companies to acquire digitally needed carbon credits to offset pollution, reduce government taxes and avoid fines.
The new cryptocurrency has been developed using state-of-the-art Blockchain technology, enabling parties to reduce operating costs during carbon credit trading and investment protection to reduce CO2e emissions. In addition, the technology behind cryptocurrency adds a high level of security, transparency, and efficiency to all parties involved in carbon credit business transactions.