Klima DAO
$KLIMA
Price
The price of Klima has collapsed by 99.94% from a high of $3,681 at the end of October 2021 to $2.39 as of February 2023.[1]
Tokenomics
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."[2]
About Carbon Offsets
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."[3]