Coorest

Coorest is a polygon-based platform offering carbon trading and offsetting. The blockchain-based solution operates by creating a decentralized CO2 token exchange and a way to invest in NFT trees, backed by real planted trees, then tokenizing these assets. Owners of green projects have the opportunity to onboard them into the platform in order to collect and trade their CO2 tokens.

The NFT trees can be bought with USDC and fiat on Venly. Carbon tokens ($CCO2) are minted whenever CO2 is absorbed from the atmosphere. Annually, the NFTrees generate the tokens at a pre-determined rate. The amount of carbon tokens that are generated corresponds with the amount of carbon dioxide that is captured by real trees.

$CRST tokens are used by the platform to democratize governance. By holding $CRST, users receive voting rights according to their allocation in the $CRST staking pool. Coorest does not employ seed rounds or venture capitalists and allocates about 40 percent of Coorest’s governance tokens to the public.