HomeCryptoThis Carbon Credit Cryptocurrency Is Set To Disrupt The Electric Vehicle Industry – Here’s How You Can Join
This Carbon Credit Cryptocurrency Is Set To Disrupt The Electric Vehicle Industry – Here’s How You Can Join
January 4, 2023
Disclaimer: The Industry Talk section features insights from cryptocurrency industry players and is not part of the editorial content of Cryptonews.com.
The carbon credit market is huge and set to become even more huge in the coming years. According to Coherent Market Insights, the market was valued at approximately $211.5 billion in 2019 and is projected to grow to more than $2.4 trillion by 2027.
This is good for the climate. Carbon credits allow polluters to offset their CO2 emissions by essentially financing negative emissions projects through investments in carbon credits. But the carbon credit market has so far only been truly accessible to large players in the sector, not small ones.
Blockchain technology is changing that, and a new crypto startup called C+Charge is looking to massively revolutionize the electric vehicle (EV) industry by giving EV drivers a way to earn carbon credits when they charge their their vehicles for the first time.
C+Charge, which is building a cryptocurrency-based EV charging payment platform, hopes that by democratizing access to carbon credits for EV drivers, it can encourage/accelerate the transition to EVs from traditional cars high consumption of fossil fuels. This would be positive not only 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
Electric vehicle drivers will use the C+Charge application to pay for charging 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. The 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 has the opportunity to earn carbon credits passively. There is a 1% fee on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them pro rata among CCHG token holders.
In addition to serving as an EV charging payment platform and carbon credit tracker, the C+Charge app will also help users easily geolocate nearby charging stations and offer useful information such as real-time charger and technical diagnosis of the charging station.
How to participate: invest immediately in the pre-sale
To fund its development, C+Charge has just opened the pre-sale of its CCHG token, with 40% of the maximum token supply of 1 billion to be made available to the public in the coming weeks. At present, the tokens are currently on offer for $0.013 each, but will rise to $0.02350 over the course of four different pre-sale rounds.
This means that, by the end of the pre-sale, the first investors will have already achieved a paper return of 80% on their investment. The project has already raised a staggering nearly $65,000 within weeks of the presale launch.
Buy CCHG here
Given the high levels of interest in green projects, as exemplified by the recent successful presale and ICO of IMPT.io, investors should move quickly to pick up these tokens at a discount if interested.
Investing in C+Charge pre-sales is easy. Users will need a Trust Wallet or MetaMask Binance Smart Chain cryptocurrency wallet. This wallet will need to be funded and it can be done so easily within MetaMask or Trust Wallet, even by card.
Users need to connect their wallet on the C+Charge website and then they will have the option to purchase CCHG using BNB or USDT on the Binance Smart Chain. Tokens can be requested and will enter the user’s wallet after the token pre-sale has been concluded.