Carbon Credit Token (CC Token) is a cryptocurrency that is backed by regulated carbon credit.CC Tokens are collateralized by European Union Allowance (EUA) Futures – the most traded carbon credits in the world. Operating in regulated rather than voluntary carbon markets, CC Token acquires EUA Futures and releases equal numbers of CC Tokens with an asking price reflecting the acquisition price.
Through these mechanisms, 1 CC Token represents approximately 1 Kilogram of Carbon Emission. Price appreciation in Carbon Allowances will help to incentivise Carbon Emitting firms to acquire energy from more environmentally friendly sources.
By revolutionizing how consumers can access carbon markets, CC Token is making it easier than ever for ordinary people to offset their own carbon emissions.