Chat Copilot Bing's AI about OVCO2C

OVCO2C appears to be a new independent, truly stand-alone private currency. It’s not based on cryptography, but rather on the carbon dioxide emissions of the world. The design aims to provide a transparent and fair way of measuring the value of goods and services, as well as incentivizing the reduction of greenhouse gases.

In a similar vein, there are other initiatives like KlimaDAO’s native token “KLIMA” which is a carbon-backed, algorithmic currency. KLIMA can only be minted when tokenized carbon credits are locked away in its treasury. This is achieved by offering incentives to users to exchange tokenized carbon in return for KLIMA at a discounted price. The KLIMA token is itself backed by carbon.

(, 2024.03.17)

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