Klima DAO - Revision history

TH: /* $BCT */

2023-09-02T17:40:25Z

$BCT

← Older revision		Revision as of 17:40, 2 September 2023
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	Another project manager which received millions in funding via the launch of the $BCT pool was the company behind a Hydropower Dam in India which flooded in 2013, killing thousands of people and displacing thousands more.<ref>https://theecologist.org/2022/mar/11/fear-over-indias-dangerous-dams</ref>		Another project manager which received millions in funding via the launch of the $BCT pool was the company behind a Hydropower Dam in India which flooded in 2013, killing thousands of people and displacing thousands more.<ref>https://theecologist.org/2022/mar/11/fear-over-indias-dangerous-dams</ref>

	In a theory heavily promoted by Toucan and Klima, locking these tokens up in Klima’s treasury would raise the price of carbon credits until corporations were forced to pay more to offset or actually make meaningful emissions reductions.		In a theory heavily promoted by Toucan and Klima, locking these tokens up in Klima’s treasury would raise the price of carbon credits until corporations were forced to pay more to offset or actually make meaningful emissions reductions.<ref>https://branchoutnow.org/the-carbon-market-shell-game/</ref></blockquote>
	<ref>https://branchoutnow.org/the-carbon-market-shell-game/</ref></blockquote>

	= Sources =		= Sources =

TH at 17:39, 2 September 2023

2023-09-02T17:39:20Z

← Older revision		Revision as of 17:39, 2 September 2023
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	In a theory heavily promoted by Toucan and Klima, locking these tokens up in Klima’s treasury would raise the price of carbon credits until corporations were forced to pay more to offset or actually make meaningful emissions reductions.		In a theory heavily promoted by Toucan and Klima, locking these tokens up in Klima’s treasury would raise the price of carbon credits until corporations were forced to pay more to offset or actually make meaningful emissions reductions.
	<ref>https://branchoutnow.org/the-carbon-market-shell-game/</ref></blockquote>		<ref>https://branchoutnow.org/the-carbon-market-shell-game/</ref></blockquote>

			= Sources =

TH at 17:02, 8 June 2023

2023-06-08T17:02:40Z

← Older revision		Revision as of 17:02, 8 June 2023
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	Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>		Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>

			=== $BCT ===

			<blockquote>No other protocol has brought anywhere near as many [[Verra]] credits on-chain — meaning onto its crypto blockchain — as [[Toucan Protocol]].

			With the launch of Toucan’s Base Carbon Ton ($BCT) in Fall 2021, over 20 million carbon credits were turned into crypto tokens in a pool derived entirely from the Verra registry, making up 25% of Verra’s total demand for the year.<ref>https://carbonherald.com/toucan-protocol-end-useless-carbon-offsets-struggling/</ref>

			The demand for $BCT was driven largely by another crypto token that was launched by KlimaDAO in coordination with Toucan, called $KLIMA. The idea behind $KLIMA was to create a digital, carbon-backed currency by buying all the cheapest Verra credits off the market in what they called “sweeping the floor.”

			In April 2022, coordinated reporting from CarbonPlan and Bloomberg described how many of the projects were so low quality even corporate polluters refused to buy them, and they had no market until Toucan and Klima regenerated demand.<ref>https://www.bloomberg.com/news/articles/2022-04-07/the-biggest-crypto-effort-to-end-useless-carbon-offsets-is-backfiring</ref><ref>https://www.bloomberg.com/news/articles/2022-04-07/the-biggest-crypto-effort-to-end-useless-carbon-offsets-is-backfiring</ref>

			The $BCT pool included old Verra credits sold by a fossil gas producer, which issued offsets based on the fallacy of ‘avoiding emissions’ by burning fossil gas instead of coal, despite the former’s greater methane pollution.<ref>https://offset.climateneutralnow.org/natural-gas-based-grid-connected-power-project-at-peddapuram-ap-by-gautami-power-limited-4828-</ref>

			Another project manager which received millions in funding via the launch of the $BCT pool was the company behind a Hydropower Dam in India which flooded in 2013, killing thousands of people and displacing thousands more.<ref>https://theecologist.org/2022/mar/11/fear-over-indias-dangerous-dams</ref>

			In a theory heavily promoted by Toucan and Klima, locking these tokens up in Klima’s treasury would raise the price of carbon credits until corporations were forced to pay more to offset or actually make meaningful emissions reductions.
			<ref>https://branchoutnow.org/the-carbon-market-shell-game/</ref></blockquote>

TH: /* Olympus DAO */

2023-03-07T05:47:06Z

Olympus DAO

← Older revision		Revision as of 05:47, 7 March 2023
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	Klima forked the controversial Polygon-powered [[Olympus DAO]] to kickstart the project, which "might be the future of money (or it might be a ponzi)"<ref>https://www.coindesk.com/policy/2021/12/05/olympus-dao-might-be-the-future-of-money-or-it-might-be-a-ponzi/</ref><ref>https://protos.com/cuban-klimadao-mark-revenge-klima-polygon-bct-toucan-protocol/</ref>		Klima forked the controversial Polygon-powered [[Olympus DAO]] to kickstart the project, which "might be the future of money (or it might be a ponzi)"<ref>https://www.coindesk.com/policy/2021/12/05/olympus-dao-might-be-the-future-of-money-or-it-might-be-a-ponzi/</ref><ref>https://protos.com/cuban-klimadao-mark-revenge-klima-polygon-bct-toucan-protocol/</ref>

			Both projects share a penchant for anonymity among their founding leadership, and for naming themselves after the [[idolatry\|idols]] of Greek mythology - "Zeus" (of Olympus DAO) and "Dionysus" (of Klima DAO), respectively.

	= $KLIMA =		= $KLIMA =

TH at 05:45, 7 March 2023

2023-03-07T05:45:09Z

← Older revision		Revision as of 05:45, 7 March 2023
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			= Olympus DAO =

			Klima forked the controversial Polygon-powered [[Olympus DAO]] to kickstart the project, which "might be the future of money (or it might be a ponzi)"<ref>https://www.coindesk.com/policy/2021/12/05/olympus-dao-might-be-the-future-of-money-or-it-might-be-a-ponzi/</ref><ref>https://protos.com/cuban-klimadao-mark-revenge-klima-polygon-bct-toucan-protocol/</ref>

	= $KLIMA =		= $KLIMA =

TH: /* Tokenomics */

2023-03-07T05:39:52Z

Tokenomics

← Older revision		Revision as of 05:39, 7 March 2023
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	Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>		Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>

	In reality, billionaire Oligarch and Klima DAO backer [[Mark Cuban]] made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation."<ref>~~Citation needed~~</ref>		In reality, billionaire Oligarch and Klima DAO backer [[Mark Cuban]] made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation."<ref>https://protos.com/cuban-klimadao-mark-revenge-klima-polygon-bct-toucan-protocol/</ref>

	== Quality ==		== Quality ==

	Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>		Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>

TH: /* Tokenomics */

2023-03-07T00:53:58Z

Tokenomics

← Older revision		Revision as of 00:53, 7 March 2023
Line 10:		Line 10:
	Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>		Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>

	In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed}}		In reality, billionaire Oligarch and Klima DAO backer [[Mark Cuban]] made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation."<ref>Citation needed</ref>

	== Quality ==		== Quality ==

	Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>		Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>

Jb: /* Quality Guarantee */

2023-02-17T15:55:52Z

Quality Guarantee

← Older revision		Revision as of 15:55, 17 February 2023
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	In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed}}		In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed}}

	== Quality ~~Guarantee~~ ==		== Quality ==

	Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>		Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>

Jb: /* Tokenomics */

2023-02-17T15:54:46Z

Tokenomics

← Older revision		Revision as of 15:54, 17 February 2023
Line 10:		Line 10:
	Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>		Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>

	In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed~~}} {{Cn}} {{Fact~~}}		In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed}}

	== Quality Guarantee ==		== Quality Guarantee ==

	Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>		Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>

Jb: /* Tokenomics */

2023-02-17T15:53:35Z

Tokenomics

← Older revision		Revision as of 15:53, 17 February 2023
Line 10:		Line 10:
	Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>		Prior to the collapse of its token price and failure of this model, Klima DAO's official documentation described its [[tokenomics]] in terms of Olympus DAO's [[(3,3)]] staking yields meme. Offering a game theoretical "Nash table" based on this meme, Klima DAO claimed that "the best strategies are all cooperative." They declared that those who stake their tokens will "benefit the most," while "sellers are the most evil actors" and "get the least rewards". The docs conclude that this made Klima "unlike other protocols where you never want to be the last person holding."<ref>https://web.archive.org/web/20220126145422/https://docs.klimadao.finance/tokenomics-and-mechanisms/game-theory-olympus-inspired</ref>

	In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed}}		In reality, billionaire Oligarch and Klima DAO backer Mark Cuban made millions of dollars exploiting a loophole in $KLIMA's smart contracts, selling massive amounts of tokens obtained cheaply in Klima's presale at the expense of thousands of investors who acted on Klima DAO's advertised tokenomic theory of "cooperation." {{Citation needed}} {{Cn}} {{Fact}}

	== Quality Guarantee ==		== Quality Guarantee ==

	Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>		Klima DAO's official documentation claims that because their tokens are based on [[carbon credits]] certified by [[Verra]] and [[Gold Standard]], their offsets meet the "highest standards for quality carbon offsetting in the world." Klima DAO concludes that "going with these standards will make sure your offsets are trustworthy and effective," purporting that these standards "'''guarantee''' that '''every''' ton of CO2 is Additional... Contained... Permanent... Sustainable... Verified... and Unique."<ref>https://docs.klimadao.finance/blogs/about-carbon-offsets</ref>