United States, July 07, 2022 / AlexaBlockchain/ – DeFi carbon credit protocol KyotoProtocol.io officially enters the market with the $KYOTO token launch on June 30th through a Fair Launch mechanism. The Fair Launch sold out in less than 9 hours – a sale that amounted to 2,388,750 BUSD in total, the largest Fair Launch of its type held on the Binance smart chain.
KyotoProtocol.io’s Fair Launch was the culmination of the rapid growth in public excitement around the project, whose key mission is to enable crypto participants to help save the planet through by bringing the carbon credits market on chain, whilst providing some of the highest reward opportunities in the whole crypto space.
Ashton Hunt, Founder & CEO of KyotoProtocol.io, was delighted about the immense success for the project’s Fair Launch and eagerly commented on the event “Reflecting on how, just recently, we were embarking on the go-to-market phase of KyotoProtocol.io, it’s astounding to see our efforts reaching their denouement with the hugely successful launch of the KYOTO token. It’s a testament to the hard work and passion which has gone into the project from all key stakeholders, and it’s evident that the mission and vision of KyotoProtocol.io resonates with crypto investors. We look forward to facilitating investors being able to get paid for helping save the planet, and we look forward to all the exciting things in store for KyotoProtocol.io – the real journey starts now!”
Incentives For Saving The Planet
The main selling point of KyotoProtocol.io is the eye-watering 916,474% APY on $KYOTO for the first 12 months, offered to the pioneers of blockchain-based synthetic carbon credits. In addition, the rewards get issued to the participants every 15 minutes, or 96 times per day, which also would not be possible without auto-staking and rebase systems.
Such incredible promises have hardly touched the cryptosphere until recently, and so it seems that the project is not only aiming to win a large share of the carbon credit market but also offering people more incentives than one could find anywhere else.
Extraordinary claims require extraordinary evidence, which KyotoProtocol.io have already provided; in short, the project’s compounding auto-staking mechanics make it possible to produce such high APYs, but not without a set of sub-platforms within the KyotoProtocol.io ecosystem.
CEO Ashton Hunt commented on this, stating: “Soon, our community will be presented with a full-blown ecosystem powered by synthetic carbon credits on-chain, and we hope that nothing will be the same both in Web3 and the real world. We are incredibly happy with the short yet fruitful fair launch that amounted to nearly $2.4 million, and ready to take our protocol into the future.”
Tokenomics For Sustainability
For the ecosystem to sustain itself and issue the participants’ rewards, KyotoProtocol.io takes and distributes 15% of buy and 20% of sell transactions. Now, the distribution part is key: for example, for purchase transactions KyotoProtocol.io sends 3% to its Liquidity Generator, 5% to its Insurance Fund, 4% to The Kyoto Foundation that deals with expansion, and 3% to the Burn Pit that deflates the ecosystem’s tokens.
Every one of the aforementioned parts of KyotoProtocol.io play a big role in making such a liquid and fast-moving ecosystem stable. To put simply, the distribution of tokens acts like handwired taxes making an otherwise risky platform safer.
KyotoProtocol.io, despite being a very young crypto startup, has already received a grant and partnered with NEAR Protocol, an open environmental advocate and activist, as well as CUDOS, a carbon-neutral blockchain cloud solution provider.
Into The Next Phase
Such reputable partnerships are signs of competence and trustworthiness, especially in the global and often-doubtful crypto community. Those interested in participating in the freshly launched first Genesis stage of the protocol can now find the $KYOTO token on PancakeSwap through its BNB/KYOTO pair.
However revolutionary on-chain synthetic carbon credits can be, there already are competitors with their own rebase models that do offer high but not as high APY. Projects like Titano, Safuu, and Libero have had some success in the past, but KyotoProtocol.io is taking a new approach – KyotoProtocol.io has immediate real world utility after launch, and was started with an end in mind.
To summarise, the carbon credit industry is outdated, bureaucratic, and requires the innovation’s touch to be revived – the public too is aware of the many downsides of traditional carbon credits. KyotoProtocol.io, on the other hand, has set itself to make such processes transparent, trustless, and rewarding for everyone – not just corporate giants.
Holders of the Kyoto token will not only be rewarded a staggering 916,474% fixed APY, but will also be greeted by the KyotoProtocol.io layer one blockchain at the end of year one. Aiming to be the leading ESG focused carbon credit blockchain providing liquidity to a magnitude of clean projects building on chain.
Check out KyotoProtocol.io and its in-depth White Paper, along with their Twitter page to know more about decentralised carbon offsetting.
Source: KyotoProtocol.io