Tokenization: do you know what it is?
Tok… what? Tokenization!
Token is a word meaning “symbol’, it can also mean “ticket”. The only thing is, the latter still carries a non familiar and foreign meaning. And it is becoming more familiar and, for this reason, you will get a head start in knowing it better.
A word used in several fields, but here, we are focusing on the token as a resource that allows for greater security in financial operations worldwide.
You’ve probably seen a token before when you downloaded your banking application. When we started digitizing our transactions a few years ago, we acquired a little device that generates numbers to be typed in whenever making a payment or wiring funds via the internet.
These numbers are unique non-sequential combinations that do not repeat – and you don’t have to be an expert to get the logic behind it, the neverending combined analysis lessons in school have already given you an idea.
Nowadays, tokens are embedded in banking applications and fintechs, it’s standard.
Following the same logic, a token is used to ensure security in any asset transaction operation. To put it simply, it is generated from unique and encrypted codes.
But where is this token “factory”?
Each token is generated in a chain named blockchain, a huge network with thousands of computers around the world, that perform a high speed verification of each new code generated for a transaction or data registry for example, and then ratify that code, turning it into a token, therefore, each combination is “sealed”, making it impossible for tokens to be violated or altered to another operation.
Since it is a high scale decentralized verification, it is the safest system ever created for transaction certification.
What does that have to do with carbon credits?
Each credit is equivalent to the mitigation of 1 ton of CO2. This happens in several different ways, such as biome preservation and conservation, that mitigate CO2 and other greenhouse gas production by industries, transportation, agriculture, livestock, in other words, by human action.
Every ton of CO2 offsetted, whether determined by a personal project or initiative, generates a credit, which in turn goes to a global market that has been operating for over 10 years, with internationally standardized certifications and regulations.
Companies and governments, in need of offset greenhouse gases they produce, acquire carbon credits. Consequently, the preservation and conservation projects are monetized in order to keep forests standing, waterways clean, and biodiversity intact. And that’s how the system feeds itself.
To accelerate the market, creating more resources for environmental sustainability projects and structuring dollarized asset transactions with increased demand (the carbon credit, in Brazil, was priced at R$ 40 in March 2020 and climbed to R$ 86,54 in August) and making it an accessible market to any company and even to yourself, Moss was the first to create tokenized carbon credits worldwide.
Now that you know what a token is, it’s easy, each and every carbon credit has a token, which makes it unbreachable and for single usage. In other words, your purchased carbon credits are 100% safe and exclusive.
Tokenization ensures this very security. They will remain in your wallet and can be traded at your will. For that, Moss carbon credits are listed in exchanges, such as FlowBTC, Mercado Bitcoin, NovaDAX, Gemini, ProBit, Uniswap and Idex, platforms that trade digital assets.
Moss operates with carbon credits generated by partner projects that fight deforestation in the Amazon, in areas greater in size than the state of Sao Paulo.
To Moss, tokenization is like turbocharging towards achieving a great purpose: channeling funds for the preservation of nature, to protect the planet and reverse the destruction process that consumes it every day.