By acquiring and using this currency you help to finance the reduction of our global carbon footprint and bring sustainable power to disadvantaged people globally, including in the most remote areas of the world. By financing and delivering a service utility to users, much like cloud computing, previously insurmountable start-up barriers are mitigated. You can make a difference.
Co2Bit has agreements with Sovereign Nation States and NGOs to use Co2Bitcoins (Co2) to help finance environmental/humanitarian projects. There are 1.5B Co2 minted. They do not trade publicly on an exchange at this time.
We also minted Public Exchange Traded tokens, Co2A and Co2B each of which will be listed publicly. Co2 is exchangeable over a nine-month period into Co2B at a rate of 37.5 Co2 for 1 Co2B. [NOTE: 40M of the minted 70M Co2B are RESERVED for this exclusive purpose. (40M x 37.5 = 1.5B)] through an independent transfer agent (MNTA) in the U.S. No exchange program has been announced for Co2A, but is planned to be available for conversion on a 1-to-1 basis with Co2 when obtained by lenders as forfieted collateral.
Co2Bit's Co2 Tokens may only be exchanged privately - they are not listed on any public exhange at this time. Co2 Awards are not to be traded, exchanged, bartered or otherwise disposed of. They are to be used exclusively as collateral for approved projects.
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A NOTE ABOUT THE CO2BIT ECOSYSTEM:
The technology behind the CO2Bit coin is similar to Bitcoin and based on Ethereum blockchain technology. Unlike Bitcoin, CO2Bit plans on being implemented as a PoS (Proof of Stake) token that will not waste energy in CPU/GPU or ASIC mining.
Co2Bit provides a means to finance a broader scope of projects than Voluntary Carbon Credits with greater humanitarian impact and serve to enable evolving participation in our global economy for all.
Candidate project proposals for CO2Bit coin infusion can be communicated through numerous forums for evaluation by our implementation partners.
The CO2Bit Network is a worldwide group of computer participants which process CO2Bit transactions and writes them into the CO2Bit Blockchain ledger.
CO2Bit Tokens are used to invest in CO2 Mitigation, Forestation, Wind, Agricultural Improvements, Solar and green micro-grid sustainable power projects around the globe.
Our Partners are committed to long term participation in the CO2Bit ecosystem. Their guidance and direct involvement raise confidence in the viability of the Environmental and Humanitarian Projects and in CO2Bit.