The Future of Carbon Credits

The Kyoto Network – comprehensive and decentralized ecosystem fighting against climate change

future carbon credits map

JOIN THE REVOLUTION

The Kyoto Network is a comprehensive and decentralized ecosystem for the worldwide carbon credit industry. Being a DeFi project, the initial components of this ecosystem will comprise of:

KyotoCoin Logo

KyotoCoin

A BEP-20 system token with frictionless staking, liquidity, charity & carbon offset mechanism

KyotoCarbonLogo

KyotoCarbon

A network agnostic token backed by carbon credit, which can be issued as tokens or NFTs

Carbon Factory

Carbon Factory

A token factory that converts any BEP-20 tokens into carbon neutral token

kyoto dex

Kyoto Dex

A decentralized exchange or DEX exclusively for carbon credit backed tokens and the carbon neutral tokens

Carbon-Stake

Carbon Stake

A staking pool that rewards KyotoCoin depositors with a share of the ecosystem revenues

We foresee that the potential users of the KYOTO Network will not only include industry & individual carbon emitters, but also crypto issuers & investors, and NFT issuers & collectors who want to contribute to the global fight against climate change by reducing or eliminating their carbon footprint.

The Paris Climate Agreement

Back in 2015, almost every country in the world pledged to limit global warming to below 2°c (preferably 1.5°c) above pre-industrial levels by the end of the century. To reach this target, countries aim to achieve a climate neutral world by 2050, however the IPCC reports that the 1.5°c rise in temperature is currently expected to be reached by 2030, and thus transformative action is urgently required.

The 1.5C Target

The Global Carbon Credit Markets grew by over 20% in 2020 (reaching US$267 billion) and they are expected to grow further as nations race to meet the 1.5°c target, however reaching this target will require a larger quantity of negative emissions, a lot of which will be generated using carbon credits.

Preserve of the few

The carbon credit market prices have recovered since 2013 and are expected to trend higher, however investments in carbon credits are still the preserve of institutions and high-net-worth individuals (“HNWI”). Retail investors can only invest in carbon offset which, ironically, is the exit strategy for these institutions & HNWI investors.

To make the carbon credit markets accessible to everyone, so that anyone can offset their carbon emissions and/or participate as an investor to gain from the expected future growth of the markets.

To create a comprehensive and decentralized ecosystem for the carbon credit markets, using a DeFi business model where our users will be in control.

A carbon neutral world. We envision complete adoption of carbon offset practices by the blockchain and cryptocurrency communities, as well as the normalisation of carbon offset practices by individuals and small-medium companies.

The KYOTO NETWORK’s ecosystem comprises of five components, which will be gradually developed and launched. Initially, the product will be launched on the Binance Smart Chain network. After this, the team plans to launch on other networks such as Ethereum, ETH2, Polygon, and Solana.

The system token for the KYOTO NETWORK. Utilities:
i) Payment token for KYOTO DEX
ii) Liquidity pair for KYOTO AMM-DEX
iii) Staking token for Carbon Stake

Every transfer of a KYOTOCOIN (“KYO”) token attracts a transaction tax of 5%

i) 2% to be shared amongst KYO token owners
ii) 1% to be added to the DEX’s liquidity pool where KYO tokens are listed
iii) 1% to be used for purchasing carbon offset
iv) 1% to be distributed to environmental charities

KYOTOCARBON or KYOC is backed by voluntary carbon credit. Each token can represent either 1kgCO2e or 1tCO2e

KYOC can be minted as a standard fungible token in multiple series or as a non-fungible token (NFT)

Voluntary carbon credits are generated from clean energy, forestry, landfill and biomass projects verified by VERRA & Gold Standard. User will be able to vote on specific projects or a portfolio of carbon credit projects that they wish to support.

Any user can create carbon neutral tokens by sending any token (base token) + KYOC tokens to the Carbon Factory

A carbon neutral token with the prefix ‘cn’ followed by the token symbol will be issued to the user. The cnTOKEN can be traded on KYOTO DEX

Automated carbon offset occurs when a user redeems a cnTOKEN for the base token

KYOTO-X or “KYOX” tokens are issued to any user who stakes their KYO tokens in the Carbon Stake pool

Staking rewards are:
i) 0.05% out of 0.30% transaction fee earned by KYOTO DEX
ii) 10% share of KYOTODEX aggregator fees

Although users’ KYOTOCOINs are staked, users will still earn the 2% transaction tax on their tokens

KyotoCoin Token Distribution & Use Of Process

Token Allocation Summary

The total supply of KYOTOCOIN is 2,000,000,000 KYO tokens. The distribution of the tokens and its conditions are as shown.

The Treasury-Reserve has a lock-up period of five years with quarterly vesting periods. Both the Stakeholders and Ecosystem Partners have a lock-up period of 3 years with quarterly vesting periods.

KYOTOCOINS that are locked-up and not yet vested will not participate in the share of the 2% transaction tax for token owners. KYO tokens held by the Treasury LP will only start sharing the 2% transaction tax when it has been transferred to liquidity pools in KYOTO DEX (or in any other DEXes where KYO is listed), and when it has been distributed as rewards on CARBON STAKE, as is the case for Treasury-Reserves.

Funds Allocation Summary

45% of the token sales proceeds will be used to provide:

  • Added liquidity to the KYOTOCOIN liquidity pools in other exchanges where it is listed against BNB (Binance Coin)

  • Funding for the purchase of carbon credits to fractionalise and tokenise into KYOC NFTs

  • Any initial liquidity to KYOTO DEX liquidity pools

To ensure the continuing expansion and smooth operation of the company, 30% of the sales proceeds will be allocated for KYOTO NETWORK’s working capital needs.

Funds Allocation Summary

45% of the token sales proceeds will be used to provide:

  • Added liquidity to the KYOTOCOIN liquidity pools in other exchanges where it is listed against BNB (Binance Coin)

  • Funding for the purchase of carbon credits to fractionalise and tokenise into KYOC NFTs

  • Any initial liquidity to KYOTO DEX liquidity pools

To ensure the continuing expansion and smooth operation of the company, 30% of the sales proceeds will be allocated for KYOTO NETWORK’s working capital needs.

RoadMap

Comprehensive and decentralized ecosystem fighting against climate change