Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
The carbon credit market is huge and set to get even bigger in the coming years. According to Coherent Market Insights, the market was valued at around $211.5 billion in 2019 and is expected to grow to over $2.4 trillion by 2027.
That’s a positive for the climate. Carbon credits allow polluters to offset their CO2 emissions via essentially funding carbon-negative projects via investments in carbon credits. But the carbon credit market has thus far only really been accessible for big industry players, not the little guy.
Blockchain technology is changing that, and a new crypto start-up called C+Charge is looking to massively disrupt the electric vehicle (EV) industry by offering EV drivers a way to earn carbon credits when they charge their vehicles for the first time.
C+Charge, who are building a crypto-based EV charging payments platform, hope that by democratizing access to carbon credits for EV drivers, they might encourage/accelerate the transition to EVs from traditional fossil fuel-guzzling cars. Not only would this be a positive in the fight against climate change, but also in the fight against urban pollution, which causes thousands of premature deaths every year.
C+Charge – How it Works
EV drivers will use the C+Charge application to pay to charge their vehicles. They will pay using C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app. GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco.
The more EV owners charge and drive and the more CCHG they spend, the more GNT they will earn. CCHG also have an opportunity to earn carbon credits passively. There is a 1% tax on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them proportionately amongst CCHG token holders.
As well as acting as a payments platform for EV charging and a carbon credit tracker, C+Charge’s application will also help users easily geolocate nearby charging stations and will offer useful information such as real-time charger wait times and charging station technical diagnosis.
How to Get Involved – Invest in the Presale Now
To fund its development, C+Charge just opened the pre-sale of its CCHG token, with 40% of the token’s maximum supply of 1 billion set to be made available to the public over the next few weeks. At present, tokens are currently on offer for $0.013 each, but will rise to $0.02350 over the course of four different presale stages.
That means, by the end of the presale, early investors will have already bagged an 80% on-paper gain on their investment. The project has already raised an impressive nearly $65k in just a few weeks since the pre-sale launch.
Given the high levels of interest in green projects, as epitomized by the recent success of the IMPT.io presale and ICO, investors should move quickly to scoop up these tokens at a discount if interested.
Investing in C+Charge’s presale is easy. Users will need either a Trust Wallet or MetaMask Binance Smart Chain crypto wallet. This wallet will need to be funded and can be done so easily inside MetaMask or Trust Wallet, including via card.
Users need to connect their wallet on the C+Charge website and then they will have the option to buy CCHG using either BNB or USDT on the Binance Smart Chain. Tokens can be claimed and will enter the user’s wallet after the token presale has been concluded.
