ecoToken Business Plan Updated
  • ecoToken System Overview
  • Executive Summary
  • Problem and Our Solution
  • Market Analysis
  • Product Offerings
    • Ecocredit Retirement Solution
    • Application Integrations
    • ecoLedger
    • Project Pre-Funding
    • Dynamic NFTs
  • Adoption Strategy
  • DAO and Token
  • Roadmap
  • Management and Organization
  • Financial Projections
  • Funding Request
  • Exit Strategy
  • Appendix
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  1. Product Offerings

Ecocredit Retirement Solution

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Last updated 1 year ago

How ecoNFT impact certificates work

  1. Users log in with their Solana wallet and select a project they want to support.

  2. They fill in details on who is credited with offsetting emissions and choose the number of credits to retire.

  3. Users pay for credits in USDC or SOL and confirm the transaction, which retires the credits on Regen Network and mints an NFT on Solana with the embedded transaction hash and all entered details.

NFT Information

Each NFT includes the following information:

  • Number of credits purchased

  • Project name and location

  • Producer of the credits

  • Who retired the credits (user input)

  • Date retired

  • Credit ID number for batch ID

  • Metadata containing the transaction hash of credit retirement

EcoNFT Impact Certificates Benefits: EcoNFT Impact Certificates support decentralized grassroots environmental innovation, open ecocredit markets, incentivize local action, and offer co-benefits with high verification standards. This unique cross-blockchain solution expands beyond carbon offsets to include water credits, presenting an incredible opportunity for real change in environmental conservation.

Cross Chain Proof of Offset: With ecoNFT Impact Certificates, users can have cross chain verifiable proof of offset, as the hash of the retired credit is built into the NFT's metadata. With this data build into the metadata of the NFTs they can easily be used for token gating and special events serving as proof of offset. By enabling credit retirement across separate blockchains, like Regen and Solana, individuals and organizations can confidently contribute to a more sustainable future.