Flowcarbon operates at the intersection of the voluntary carbon market and Web3, bringing carbon offset credits on chain
GNT is a bundle token, meaning it’s fully fungible and can be retired, redeemed, or unwrapped
The criteria for the underlying credits in GNT makes them an instrument of choice for corporate offsetting needs
GNT only accepts nature-based carbon offset credits that have a vintage no older than 5 years
Flowcarbon supports IETA's initial recommendations for integrity in the digital climate markets. We are committed to tokenizing carbon credits in accordance with 8 core tenets to optimize the structural, environmental, and financial integrity of tokenized carbon credits from the VCM.
Each token is backed by a unique corresponding carbon credit. A unique token will be created for each project and vintage of a project.
Carbon credits used by Flowcarbon to issue digital tokens come from projects that are validated, verified, and registered under standards endorsed by ICROA, government-approved carbon crediting schemes, or other market-validated crediting mechanisms.
All credits underlying Flowcarbon tokens are as-yet-unretired, ensuring that token holders benefit from the real-world value of the underlying credits.
Any holder of a Flowcarbon token can redeem the token for an underlying carbon credit.
As tokens represent issued carbon credits, claims relating to carbon neutrality, offsetting, and/or compensation of emissions will only be made after the token is retired.
Flowcarbon monitors the token creation process to minimize error and lower the technical burden of those looking to tokenize credits (”supply partners”).
Flowcarbon’s token architecture includes the establishment of bundles, in which credits from different projects may be deposited, with a set of fungible tokens minted to represent participation in the bundle.
Flowcarbon’s technology is deployed in the most sustainable way possible, by maintaining a low carbon footprint via a Proof of Stake (PoS) consensus mechanism and working with partners that are determined to achieve net-zero emissions.
Each token can be retired, enabling the holder to claim a carbon offset
Each token can be “unwrapped” into an underlying carbon credit from a specific project
Each unwrapped token can be traded in for its underlying off-chain credit
Our tokens are backed 1:1 by a real-world asset and can be redeemed for the underlying voluntary carbon credit
Flowcarbon only accepts carbon credits that meet specific criteria, which is why we’re trusted by the most responsible and sustainable corporations