Moss Carbon Credit
About Moss Carbon Credit (MCO2)
MOSS Carbon Credit is a carbon credit token. MOSS has directly contributed to avoiding 2 million tons of greenhouse gases from entering the atmosphere, as of mid-2021. One MCO2 token is equal to one carbon credit (one metric tonne of carbon not released into the atmosphere) from a Verified Carbon Standard (VCS)-certified environmental project. VCS is the world’s most widely used carbon offset program, which uses a rigorous certification framework to verify carbon offsets. The proceeds from MCO2 tokenization have helped protect over 17 million hectares of the Amazon rainforest from deforestation, as of mid-2021.
Token
MCO2 is an ERC-20 utility token compliant with the Ethereum network. MCO2 holders can burn (or retire) their tokens on the moss.earth platform and receive a certificate that proves they have offset one tonne of carbon emissions.
To offset the energy used to mint and mine MCO2 tokens, each token is minted and issued with a neutral carbon footprint. MOSS monitors the transactions and total ledger and continuously retires the necessary amount of credits to offset the greenhouse gas emissions from its tokenization activities.
Supply
The supply of MCO2 is uncapped.
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