Nature Carbon Ton ($NCT)
Development History
Toucan Protocol
The $NCT pool is derived from millions of Verra carbon credits which were tokenized in Fall of 2021, right before the most recent crypto bubble popped. The drive to digitize these tokens through Toucan Protocol (onto the Polygon Blockchain) made up an estimated 25% of demand for Verra's carbon credits in 2021.
Klima DAO + $BCT
This demand was driven by Toucan Protocol's launch partnership with Klima DAO, which was originally exclusively backed by Toucan's token credits and marketed as a carbon-backed currency. New $KLIMA tokens were issuable through a bonding process which created demand for Toucan's credits.
At the time of launch, $NCT tokens were a part of the larger Base Carbon Ton ($BCT) pool. Today, xxx $NCT tokens are used as backing for $KLIMA.
Separation of $NCT
In January of 2022, a stealth operation was conducted to separate out nature-based carbon tokens from the $BCT pool and create a new pool with these tokens, the $NCT pool.
Regen Network
In March 2022, Regen Network Development announced a partnership with Toucan Protocol to bring $NCT tokens from the Ethereum Blockchain ecosystem (specifically the Layer-2 Blockchain Polygon) to the Cosmos Blockchain Ecosystem (specifically the Regen Ledger and Osmosis decentralized exchange).[1]
Regen Network's guide to Nature Carbon Ton: <https://regennetwork.notion.site/A-Guide-to-Nature-Carbon-Ton-NCT-8204ea9d20d0436281f49b8fd1b3fbd2>
Premium Quality Guarantee
RND describes the Nature Carbon Ton as: "a premium digital carbon basket of nature-based projects" consisting of "nature-based carbon credits that have verifiable ecological, social, and economic benefits" that were "selected by Regen Network for their premium quality."[2]
All of RND's NCT tokens were selected from Verra[3] under the NCT token standard developed (from Oct '21 - Feb '22) by RND along with Toucan Protocol, BICOWG, and Moss.Earth.[4][5]
- ↑ https://medium.com/regen-network/introducing-nature-carbon-ton-nct-6d0fbaaf490d
- ↑ https://www.notion.so/Cosmos-ZERO-Achieve-protocol-net-zero-carbon-emissions-while-building-a-carbon-market-in-Cosmos-ddd441e3ff3d4dbda83265433843ec10
- ↑ https://verra.org/project/vcs-program/
- ↑ https://docs.toucan.earth/toucan/pool/pool-parties/nct-pool-party-report
- ↑ https://www.notion.so/Cosmos-ZERO-Achieve-protocol-net-zero-carbon-emissions-while-building-a-carbon-market-in-Cosmos-ddd441e3ff3d4dbda83265433843ec10