Today, the ECO2 token has officially launched on BiKi with a ECO2/USDT trading pair as of 14:00 (GMT +8). ECO2 is the native token of the world's first carbon-neutral public blockchain, ECO2 Ledger, where it is used for utility and governance of the network. Thousands of users have used the ECO2 token to achieve carbon neutrality since the launch of the project in 2016. In order to thank our users for their long-term support of ECO2, we will take this opportunity to provide users of the BiKi trading platform with “triple benefits”. For more information, please visit: https://www.biki.cc/zh_CN/noticeInfo/4070
Climate change is a global problem that all of us must face. At the Paris Agreement’s 5th anniversary meeting, the United Nations Secretary-General António Guterres called for the world to declare a state of “climate emergency" until countries achieve carbon neutrality. In order to achieve such ambitious goals, the UN declared this year that by the middle of the 21st century, the world must become carbon neutral to avoid the worst effects of climate change. Responding to this international call, thirty-eight countries, including China, have announced carbon-neutral targets. According to recent estimations, at least 200 large global companies have also made carbon-neutral commitments, including well-known brands such as Apple, Microsoft, Facebook, Tencent, Shell, Ford, IKEA, Starbucks, and McDonald's, covering a wide variety of industries. Despite the global pandemic of COVID-19, an incredible global green wave is forming to propel the low-carbon economic transition.
ECO2 Ledger, as a public blockchain designed for the global carbon market, has been designed with this transition in mind. In order to help reduce global carbon emissions, ECO2 Ledger enables the secure and transparent circulation of carbon credits on the blockchain, incentivizes individual participation in carbon neutrality, and enhances the awareness of carbon emission reduction and carbon neutrality for all segments of society.
ECO2 Ledger is carbon-neutral in purpose and design. As users transact carbon credits and offset their emissions on ECO2 Ledger, transaction fees are collected and stored in the “Carbon Neutral Pool”, where they are used to offset the emissions of the network. In addition, ECO2 Ledger is built using Parity’s Substrate framework and can be connected to the Polkadot ecosystem.
ECO2 Ledger uses Parity’s Substrate framework and an NPoS consensus mechanism to elect validators and on-chain production blocks while conducting 3,000 to 5,000 transactions per second. Blocks are produced every 6-12 seconds and reward validators and voters with ECO2 tokens. The ECO2 token is the sole utility and governance token of ECO2 Ledger and its total supply is limited to 300 million tokens.
ECO2 Ledger uses blockchain technology to explore emerging solutions to the climate problem. By creating a global low-carbon consensus, ECO2 Ledger seeks to gather the strength of all parties, jointly reduce greenhouse gas emissions, and alleviate the problem of climate change. For more information about ECO2 Ledger, please scan the QR code in the picture below and follow our official account.