What is the current price of Toucan Protocol: Nature Carbon Tonne (NCT)?

The current price of Toucan Protocol: Nature Carbon Tonne (NCT) is 0.705879376949956 AUD, representing a -9.09 from the day prior.

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What is the daily trading volume of Toucan Protocol: Nature Carbon Tonne (NCT)?

The trading volume of Toucan Protocol: Nature Carbon Tonne (NCT) is 23.2K AUD in the last 24hrs, representing a -9.09 from the day prior.

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What is the market cap of Toucan Protocol: Nature Carbon Tonne (NCT)?

The current market cap of Toucan Protocol: Nature Carbon Tonne (NCT) is 0 AUD.

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How many Toucan Protocol: Nature Carbon Tonne (NCT) are there?

The current circulating supply of Toucan Protocol: Nature Carbon Tonne (NCT) is 0.

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Buy Toucan Protocol: Nature Carbon Tonne (NCT)

What is Toucan Protocol: Nature Carbon Tonne?

Toucan Protocol: Nature Carbon Tonne (NCT) is a nature-based carbon token representing carbon credits from projects such as reforestation initiatives and habitat protection. It is the first open, pooled, nature-based token designed to bring transparency and traceability to carbon offsetting by leveraging blockchain technology. NCT is an ERC-20 token that trades on the Polygon network.

How does Toucan Protocol: Nature Carbon Tonne work?

The Toucan Protocol uses blockchain technology to tokenize carbon credits from nature-based projects. These credits are represented by NCT tokens on the Polygon network, which operates using a Proof-of-Stake consensus mechanism. NCT tokens adhere to the ERC-20 token standard, facilitating their use in various decentralized finance applications. Carbon credits backing NCT are held in the Nature Carbon Pool and are backed 1:1 with the credits from nature-based methodologies dating from 2012 onwards.

What are the potential use cases for Toucan Protocol: Nature Carbon Tonne?

NCT has broad applicability in several areas:

Carbon Offsetting: Allows companies and individuals to offset their emissions by purchasing and retiring nature-based carbon credits.
Sustainability Initiatives: Can be integrated into Web3 applications to automate sustainability efforts and climate actions.
Regenerative Finance (ReFi): Supports projects funding carbon sequestration initiatives by promoting sustainable practices.
Real-World Applications: Utilised by projects like KlimaDAO, Return Protocol, and Menthol Protocol in various climate action initiatives.

What is the history of Toucan Protocol: Nature Carbon Tonne?

Toucan Protocol was founded in October 2021 to bridge carbon offset registries with blockchain, enhancing market transparency. In February 2022, Toucan introduced NCT to represent nature-based carbon credits. The protocol has since established significant partnerships, such as with Regen Network, and developed bridges to prevent double counting of carbon credits across different blockchains. Toucan Protocol aims to improve the quality of carbon credits by adjusting eligibility criteria to ensure high standards within its pools. The protocol is part of the broader ReFi movement, focusing on creating regenerative economic systems through blockchain technology.