Virtualcarbon

Metaverse Coin

Virtualcarbon is a cryptocurrency built on the FLOW blockchain. New virtualcarbon are minted to owners of Forest NFTs and Hive NFTs based on the carbon sequestered by forest projects launched as Forest NFTs.

How many Virtualcarbon will be issued?

The total supply of Virtualcarbon is unlimited, but each Virtualcarbon minted is backed by 1 kg of carbon sequestered by a CarbonHive forest project. It is also backed by the well-funded Virtualcarbon treasury, which will offer a floor price of $0.01 USDC to ensure sufficient liquidity.

What can I do with Virtualcarbon?

Virtualcarbon has many intended uses for owners. They can be:

• Sold / traded for fiat or other cryptocurrencies

• Redeemed against the Virtualcarbon treasury for a fixed price of $0.01

• Burned / retired to offset your personal carbon footprint

What is offsetting your personal carbon footprint and how do I do it?

Your personal carbon footprint is the total amount of greenhouse gases (including carbon dioxide and methane gases) that are generated by your actions. Heating your home, driving an internal combustion engine vehicle, and eating meat all create carbon emissions. The average person in North America will create incremental CO2 emissions of 16 tonnes per year. In order for humanity to prevent climate change, we need to find ways to offset our carbon footprint.

Virtualcarbon are carbon offsets, each representing 1 kg of carbon that never went into the atmosphere as a direct result of CarbonHive's Forest NFT projects. By burning your Virtualcarbon, you are retiring that carbon offset. Put another way, you are offsetting your personal carbon footprint.

How much Virtualcarbon will be premined for founders, developers, and investors?

There will be no premining of Virtualcarbon. Founders, developers, and investors will not receive an allocation of Virtualcarbon at discounted prices. All Virtualcarbon must be backed by 1 kg of carbon dioxide emissions sequestered.

Every Virtualcarbon minted will be distributed according to the project economics (e.g. 85% to Project NFT owner pool, 10% to the Land NFT owner pool, 5% to the project developer).