FAQ

Carbon Credits

Carbon Carbon credits are official emission papers. They are dispensed by national authorities like e.g. German Environmental Agency. Companies applying for emission credits has to be registered before filing an application. The mumber of credits depends on the emissions during normal operating systems and processes.

In case of higher emissions of greenhouse gases than allowed the surplus emisssion has to be payed or alternatively carbon credits have to be purchased for compensation on the emission trade markets

Crypto currencies

A cryprocurrency is a digital currency not issued by a central banking authority but by a private mathematical algorithm.

The first digital cryptocurrency created in 2009 was the Bitcoin; meanwhile well-known and accepted as digital key currency.

BLOCKCHAIN TECHNOLOGY

The basic prerequiste for generating digital currencies has been the outstading development of the blockchain technology by Satoshi Nakamoto.

Creation of arithmetical units by a mathematical algorhythm allow direct transfer between compter and between partners (called peer-to-peer).

All transactions are published chronologically in blocks and have to be approved before setting. No double transactions are possible. A transaction will be only completed after approval of correctness.

Transactions once completed are irreversible. This netstructure is called blockchain because all transactions are lined up in blocks forming a chain.

All payment transactions are tamper-proof and transparent for all user participating.

Emissions trading

Carbon credits are officially traded on the emission trade market. Redundant carbon credits are put for sale from companies emitting less greenhous gases than allowed.

Companies missing the limit are obliged to pay for the surplus emission or purchase compensatory credits.

Wallets

Wallets are like real purses the place for the money; in this case the digital money; each cryptocurrency has its own defined wallet with an own access key. Access only possible with the unique access key.

KYC

KYC is the abbreviation for Know Your Customer and is a requirement for all transactions. Identification of wallet users is only possible with the personal verified data.

Any withdrawl transactions from wallets are only possible with verified data to avoid fraud, burglary or money laundring.

AML

AML is the abbreviation für Anti-Money-Laundry. AML and KYC are obligate components of anti-money laundry directive.

 

CLIMACOIN - CLIMA MEETS CRYPTO

Relieve the environment – benefit from the new cryptomarket

The ClimaCoin is a so-called „green“ digital currency, total volume available at start, no enery wasting mining, value underlaid by carbon credits.

Our commitment – we act!!

We affirm: it is our vision to support and promote sustainable producing companies by acquiring their carbon credits.

 

Invest in ClimaCoin

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