KlimaDAO update: KLIMA Live price, price chart, news and markets

The KLIMA price update as of now is $0.9745. In the previous 24 hours, its trading volume was $154,022, and its value has decreased by -0.77%. As of now, KLIMA's live market cap is $16,073,524, and it is ranked as the #3589 on the Coincu. KLIMA has a circulating supply of 16,494,057 and a maximum supply of 16,494,057.

Introducing KlimaDAO: A Decentralized Autonomous Organization for Environmental Solutions

KlimaDAO is an innovative decentralized autonomous organization (DAO) built on the Polygon network. The main focus of KlimaDAO is to establish transparent and open source communities that leverage Web3 technology to create effective and measurable solutions that positively impact the environment.

Participating in the Carbon Market, also known as the emission exchange market, is made possible through KlimaDAO's native token, KLIMA, providing builders of Web3 projects and users with unique opportunities.

To fully understand KlimaDAO, it is important to grasp the concept of the carbon market. This market facilitates the trading of carbon credits, which represent units of carbon reduction. The objective of these trades is to ensure collective responsibility for environmental factors on Earth.

The Carbon Market operates by allowing countries and organizations to trade emission limits, enabling them to increase or decrease their emission rights depending on their needs.

Aligned with its mission, the primary goal of the Carbon Market is to reduce CO2 emissions by trading emission credits, which perfectly complements KlimaDAO's objectives.

Key Components of KlimaDAO's Ecosystem

KlimaDAO Treasury: This reserve holds KLIMA tokens, with each token being backed by 1 ton of reduced carbon emissions. The carbon credits are permanently stored in the fund or sold to rebalance the price of the KLIMA token.

Bonding Mechanism: Bonds represent the input of carbon emissions into the reserve fund and play a crucial role in generating KLIMA tokens. Individuals can purchase KLIMA at a discounted price using carbon bonds and LP shares after a specific vesting period.

Carbon Credits: KlimaDAO exclusively accepts certified and verified carbon reduction credits from reputable carbon market organizations. These carbon credits are withdrawn from the market and integrated into the system through a bonding mechanism.

Staking: By staking KLIMA tokens, users can earn rewards through the sale of Bonds. This allows stakers to benefit from the increase in the price of emissions.

Key Features of KlimaDAO: Addressing Environmental Challenges through a DAO

Addressing Environmental Challenges through a Decentralized Autonomous Organization (DAO)

KlimaDAO is a pioneering DAO that tackles the critical issue of global warming and the current greenhouse gas crisis. Its core mission involves generating profits for project contributors while collectively solving environmental problems that affect humanity as a whole.

Furthermore, KlimaDAO provides practical benefits to companies and governments engaged in buying and selling emission credits. It allows them to adjust emission rights limits based on their specific developmental conditions.

In simpler terms, companies can reduce costs by decreasing their purchase of emission limits (carbon credits) and, if they have a surplus, sell them to other companies. This allows well-managed companies to earn more profits, while those needing to address emissions or requiring additional carbon credits will have to pay more.

Creating a Growth-Driven Economy through KlimaDAO

The economic activities within the KlimaDAO ecosystem incentivize the increase in KLIMA supply. Each KLIMA token is minted by locking up 1 unit of BCT (Base Carbon Tonnes) in the KlimaDAO treasury, effectively removing that credit from the market.

Once the amount of KLIMA reaches a certain ratio, which occurs when emission credits locked in the Treasury are substantial, the value of KLIMA becomes inversely proportional to the carbon offsets in the traditional carbon market.

By reducing the supply of these credits from the traditional market, demand increases, subsequently driving up the cost of carbon offsets. This, in turn, increases the intrinsic value of the KLIMA token.

The Mechanism and Game Theory of KlimaDAO Explained

KlimaDAO operates through its Klima Treasury, Bonding Mechanism, and Staking rewards. The process involves selling bonds to generate profits for the protocol and treasury, which are then used to mint KLIMA tokens and distribute them to staking investors in the project.