🥇LitePaper
Blue Carbon Gold(BCG): A modular collectible asset framework and protocol for enabling and monitoring the regeneration of our planet.
Blue Carbon Gold Protocol Lite Paper Empowering Climate Action Through Blockchain Innovation
Introduction
Blue Carbon Gold (BCG) is a pioneering protocol that merges the power of blockchain technology with the urgent need for global ecosystem regeneration. Focused on blue carbon projects, particularly mangrove restoration, BCG tokenizes carbon credit streams into NFTs and Index Tokens, creating a seamless bridge between nature-based solutions and decentralized finance (DeFi). By combining transparency, accessibility, and scalability, BCG empowers individuals, institutions, and communities to actively participate in combating climate change while benefiting financially.
Problem Statement
Current carbon credit markets are plagued by:
Lack of Transparency: Difficulty verifying the authenticity and impact of carbon credits.
Inefficient Access: Limited access for retail and smaller institutional investors.
Scalability Challenges: Traditional markets fail to meet the growing demand for quality carbon credits.
The Blue Carbon Gold Solution
BCG addresses these challenges by creating a decentralized, blockchain-based ecosystem that tokenizes carbon credits into tradeable, trackable digital assets.
Key Features:
Tokenization of Carbon Credits
NFT Debt Tokens: Represent fractional ownership of specific carbon credit projects.
Index Tokens (Ticker: BCGOLD): A fungible token backed by a diversified portfolio of carbon credit projects.
Real-Time Carbon Credit Management
Direct integration with Verra’s registry ensures real-time updates to carbon credit balances.
NFT metadata is dynamically updated as projects mature and credits are issued.
Decentralized Finance (DeFi) Capabilities
Use of Index Tokens for staking, liquidity provision, and trading.
Transparent collateralization platform for NFT-backed Index Token minting.
Environmental Integrity
Projects adhere to the Verified Carbon Standard (VCS) by Verra, ensuring high-quality, measurable impact.
Protocol Overview
1. Project Registration and Tokenization
Step 1: Projects are registered with Verra and assigned a unique identifier.
Step 2: BCG tokenizes these projects into fractionalized NFTs (NFT Debt Tokens) with metadata including:
Project ID
Estimated carbon credits
Geographic and ecological details
Step 3: NFTs are distributed via a decentralized application (dApp).
2. Index Token Minting
Step 1: NFT Debt Token holders deposit their tokens into the Index Pool.
Step 2: Index Tokens (BCGOLD) are minted based on a fair ratio calculated from Verra-certified carbon credit streams.
3. Carbon Credit Management
Step 1: Carbon credits are tracked annually through Verra’s registry.
Step 2: NFT metadata and the Index Pool are updated to reflect new credits.
Step 3: Holders signal whether to sell, retire, or transfer credits.
Step 4: Actions are executed, requiring a proportional burn of BCGOLD tokens.
4. Institutional Integration
Comprehensive dashboards provide tools for oversight, compliance, and reporting, catering to ESG mandates and regulatory needs.
Tokenomics
NFT Debt Tokens
Purpose: Represent ownership of carbon credits tied to specific projects.
Supply: Determined by project-specific carbon credit projections.
Utility:
Tradable on secondary markets.
Convertible to Index Tokens.
Index Tokens (BCGOLD)
Purpose: Provide diversified exposure to the ecosystem’s entire portfolio.
Utility:
Tradable on DeFi platforms.
Used for staking and liquidity provision.
Supply Dynamics:
Minted based on the value of carbon credits in the Index Pool.
Burned when carbon credits are sold, retired, or transferred.
Technology Stack
Blockchain Infrastructure
Primary Chains: Ethereum, Polygon, Binance Smart Chain (EVM-compatible).
Bridges: LayerZero or Wormhole for multi-chain interoperability.
Smart Contracts
NFT Contract: Tokenizes projects and tracks carbon credit allocations.
Index Token Contract: Manages minting and burning of BCGOLD.
Governance Contract: Facilitates decentralized decision-making (future phase).
Oracles
Registry Integration: Custom-built oracle for Verra registry data.
Pricing Feeds: Market-based valuation of carbon credits.
Frontend and Backend
Frontend: React-based dApp for NFT trading and Index Token management.
Backend: Node.js API integrated with Verra’s registry and smart contracts.
Roadmap
Phase 1: Launch (Months 1-3)
Deploy NFT Debt Token and Index Token smart contracts.
List BCGOLD on decentralized exchanges.
Launch initial blue carbon project NFTs.
Phase 2: Expansion (Months 4-12)
Integrate staking and liquidity mechanisms for BCGOLD.
Onboard additional projects to the protocol.
Develop institutional dashboards for ESG reporting.
Phase 3: Institutional Scaling (Year 2)
Expand to non-EVM chains for broader reach.
Partner with governments and NGOs for large-scale blue carbon initiatives.
Introduce decentralized governance mechanisms.
Investor Benefits
Financial Returns:
Exposure to a growing carbon credit market.
Potential for token appreciation.
Environmental Impact:
Direct support for climate action and biodiversity preservation.
Transparency and Security:
Blockchain ensures immutable, verifiable records.
Join the Mission
Blue Carbon Gold is redefining the way we approach environmental conservation and digital finance. By bridging blockchain technology with tangible climate solutions, BCG offers an innovative pathway for meaningful impact and sustainable growth.
For more information, visit: Website: www.bluecarbongold.io
Last updated