Coorest revolutionizes the carbon compensation landscape with the introduction of a new carbon standard and a blockchain-based platform. This innovative approach eliminates intermediaries, providing easy and transparent access to carbon compensation. The certified Coorest Carbon Standard specifically focuses on newly planted trees, ensuring the concept of “additionality.” By onboarding farmers and green projects worldwide, Coorest empowers them to generate income from their carbon sequestration efforts.

To ensure the integrity of these projects, satellite data is utilized to monitor and verify the continuity and transparency of carbon sequestration. Within the Coorest carbon ecosystem, four tokens play a vital role: NFTrees, CO2 token ($CCO2), Proof of Carbon Compensation certificate (NFT), and a governance token ($CRST). Through the tokenization of trees, absorbed CO2, and the claim on carbon compensation, Coorest effectively addresses the issue of double counting of compensated carbon emissions.

The Coorest platform enables individuals, businesses, and institutions to easily offset their carbon footprint while enjoying maximum transparency. Coorest introduces two types of NFTrees, each associated with either fruit-bearing or regular trees. Holders of these Coorest NFTrees, which are planted and owned by Coorest, earn CO2 tokens that contribute to the generation of Proof of Carbon Compensation certificates. Once the fruit-bearing trees reach maturity and produce fruit, NFTree holders are entitled to share in the profits, providing an additional source of income.

By combining revenue from the sale of CO2 tokens with the potential yield of the trees, Coorest stimulates voluntary markets and incentivizes the financing of emission reductions and removals. This comprehensive approach ensures the continued growth of sustainable practices and drives meaningful impact in the fight against climate change.

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