Layer 1 blockchain Cudos has partnered with decentralized multilayer carbon credit company KyotoProtocol.io to efficiently offset its CO2 emissions.
Cudos is powering the metaverse by bringing together DeFi, NFTs and gaming experiences to realize the vision of a decentralized Web3, enabling all users to benefit from the growth of the network. It is an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities.
Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralized, permissionless access to high-performance computing at scale. Its native utility token CUDOS is the lifeblood of the network and offers an attractive annual yield and liquidity for stakers and holders.
KyotoProtocol.io is the world’s first decentralised multilayer carbon credit finance protocol. The project’s technology improves the slow and outdated carbon credit industry by implementing a host of solutions that utilise smart contracts on a secure, fully transparent blockchain ledger, creating the ultimate standard for the carbon credit industry.
Kyoto Protocol intends to make the carbon credit industry more transparent, efficient, accessible, and profitable, making a real difference in the fight against climate change and the users’ wallets.
Cudos – KyotoProtocol.io Partnership: What does it mean?
KyotoProtocol.io will integrate its cutting-edge technology into Cudos mainnet, giving the whole Cudos ecosystem the ability to earn certified carbon credits, offset CO2 emissions and seamlessly swap from network to network within the KyotoProtocol.io partnered blockchain ecosystem.
This partnership not only provides passive returns for its users but directly creates a positive impact on planet Earth. CUDOS is a sustainability-focused blockchain that supports a network of businesses building on its platform. KyotoProtocol.io can offer businesses the ability to offset CO2 emissions at little to no cost through its uniquely tailored defi solutions.
In short, KyotoProtocol.io allows businesses, users and even blockchains to earn certified carbon offsets through its unique liquidity generation in DeFi applications. KyotoProtocol.io has also partnered with other blockchains and continues to grow its partnership ecosystem which adds further utility to Cudos and other blockchains alike, through true permissionless pollination of cryptocurrencies’ liquidity flow and user base. This is beneficial for both blockchains and the project’s user base whilst supporting the Kyoto Token ecosystem.
How does it generate passive income?
Passive income is the holy grail of any seasoned cryptocurrency investor. Whilst most like to think they can get something for nothing, the passive revenues generated by KyotoProtocol.io to its users is generated by providing liquidity.
- Stake liquidity on the KyotoProtocol.io decentralised exchange.
Similar to providing liquidity on decentralised exchanges, bridges or yield optimisers KyotoProtocol.io will offer smart pools to anyone wishing to provide liquidity. The liquidity will generate rewards. 100% of trading fees will be taken in the native cryptocurrency and used in fund regeneration tree planting projects.
- Clean projects funded, carbon credits generated.
This process is automated for KyotoProtocol.io users and requires no manual interaction. The team keeps its user base updated constantly on the work that is going on, where it is going on, and how many certified carbon credits have been approved. All carbon credits are certified as EU ETS credits.
- Synthetic carbon credits get airdropped back to liquidity providers.
After having the clean project’s carbon credits generated verified, the Kyoto Foundation creates a synthetic carbon credit which is backed 1–1 with EU ETS carbon credits held on account. The platform in which a user pledges liquidity will be rewarded back with a synthetic carbon credit and will distribute its users’ allocation to its pool weight/ contribution.
This simple three-step process is run with the utmost transparency and attention to detail. 100% of the liquidity rewards go to regenerative land projects, 100% of the certified carbon credits generated go back to liquidity providers.
Both KyotoProtocol.io and Cudos are a low barrier of entry in Web 3.0 accessible blockchains with very low transactional fees. This means that anyone, with any amount of money can participate and earn passive revenues whilst creating positive change on the planet.
Platform integration
KyotoProtocol.io will create a carbon credit offset marketplace on the Cudos layer one blockchain. This will give CUDOS holders the ability to utilise KyotoProtocol.io’s tools without leaving its native chain. The decentralised carbon credit marketplace is expected to go live in Q4 this year, with the first expected carbon credit marketplace to be released by KyotoProtocol.io only three months after the Kyoto Token fair launch held on June 15th, 2022.
You can Take part in the Kyoto Token fair Launch. — Coming June 15th.
The fair launch of the Kyoto Token genesis pool is being held in less than a month’s time. Successful buyers will receive an eye-watering Fixed APY of 916,474% through the protocol’s unique upgraded implementation of a widely popular positive rebasing smart contract base. With hardcoded taxes and external business revenues the genesis distribution phase inflation is kept stable.
After the first year, the Kyoto Token will migrate over to its own energy efficient layer one that interconnects to partnered marketplaces as a liquidity providing protocol. The Kyoto Token will become the gas token of its own network with deflationary tokenomics, validator nodes, and a whole ecosystem of applications funded through its very own grant programs.
Read Also: Cambridge University To Build A Carbon Credit Marketplace On Tezos