Green BTC: the first environmentally friendly bitcoin is here
MOSS, Dexprotocol and Wrappedfi introduce the first environmentally friendly bitcoin.
Bitcoin’s carbon footprint has made crypto investors worried and is a recurrent media criticism. That’s because the Bitcoin network, like most useful things in society, consumes energy. While a significant and growing portion of the energy it requires comes from renewable sources, some of it comes from carbon-emitting sources.
The good news is that now it’s very easy to offset that carbon footprint using blockchain technology itself. What can we do about it today?
Introducing the DEXTF Green BTC Token:
A decentralized asset launched via DEXTF protocol that uses carbon offsets. The majority of the asset’s capital will be held in WBTC, a wrapped bitcoin token issued by Wrapped.com, and a small portion will be used to purchase MCO2, a token created by Moss Earth, which represents certified reductions in greenhouse gas emissions.
If you are uneasy about your Bitcoin investments for environmental reasons this is the product for you. DEXTF is an oracle-less digital asset management infrastructure on blockchain that allows anyone to create, mint, and redeem tokenized portfolios (XTF tokens) At present, DEXTF supports more than 70 tokens.
As you know, moss.earth is the world’s largest environmental platform. Our mission is to combat climate change and preserve the planet. MOSS’ carbon credits are fully tokenized (coded into blockchain), leading to the highest security possible. We use AI and blockchain and top-notch tech. MOSS is a global agent at the largest carbon credit registry and has audited its process with best-in-class companies. We can serve and provide carbon offsets for anyone from the largest companies in the world to the individual level!
We are creating a green bitcoin ETF along with One River Asset Management
The MCO2 is the solution to crypto’s carbon footprint. This Monday, we were mentioned on CoinDesk, the largest cryptocurrency news website in the world. The article highlights One River Digital Asset Management’s filing of an application with the United States Securities and Exchange Commission (SEC) for the creation of a bitcoin exchange-traded fund (ETF) that will be carbon neutral.
To achieve this goal, One River partnered with MOSS to use MCO2 tokens. In the SEC filing, the One River Carbon Neutral Bitcoin Trust would be listed on the New York Stock Exchange (NYSE) and the carbon credits will be used to offset the emissions associated with the bitcoin in the fund.
About One River
One River Asset Management is an innovative investment manager dedicated to delivering high-conviction absolute-return strategies that help our clients build superior portfolios. We see the world in a period of major economic, policy and political transition, with the investment landscape shifting in ways that will make the coming decade look profoundly different from the past decade. Our strategies are built to profit from this dynamic environment while providing strong diversification benefits to traditional investment portfolios. Each is developed and managed by our diverse team of investment professionals with deep expertise in volatility, macro, inflation, digital asset and systematic trading/investing.
The firm manages assets for some of the world’s most prestigious institutions. Our strategies are offered at sensible fees via commingled Cayman funds, and can be delivered in bespoke combinations for large investors via fund-of-one vehicles, managed accounts, swaps or UCITS compliant structures.
Wrapped lets investors use their digital assets to lend, borrow, and trade on all major defi platforms. Each wrapped asset is fully-collateralized and held with a qualified custodian. Learn more by visiting http://wrapped.com.
Wrapped also created an Eco BTC on Celo network
Today Wrapped announced Eco BTC (eBTC), the world’s first carbon-neutral, Bitcoin-backed asset. Eco-conscious investors can now get exposure to Bitcoin while simultaneously addressing their concerns about Bitcoin’s carbon footprint.
eBTC combines Bitcoin and MOSS.Earth Carbon Credits (MCO2) in a single digital asset. Users of eBTC can transact using an asset backed 1:1 with Bitcoin while also receiving the following benefits:
- Use Bitcoin in trading and DeFi applications in a carbon neutral manner.
- Track the data necessary for ESG or sustainability programs.
- Convert back into the underlying Bitcoin asset 1:1.