LogoLogo
  • 🚩Introducing Carbovalent
  • πŸ”—The Carbovalent Protocol
  • 🏞️Building A Carbon Economy
  • πŸ“ˆWhy Solana?
  • πŸ“œLegal Disclaimer
  • Understanding Carbon
    • 🌳Carbon Credits
    • 🌐Carbon Markets
  • Sourcing
    • πŸ—ΊοΈWeb3 Sourcing Standard
    • πŸ“‘Remote Sensing for Forest Carbon
  • Bridge
    • πŸŒ‰Morpheus Carbon Bridge
      • πŸ“•Prerequisites to Bridge
        • β˜‘οΈEligibility
      • πŸ’³Wallet
      • πŸ’«Initiate Bridge
      • πŸ›«How to Retire Credits on Source Registry
      • πŸ”’Update Reference NFT
      • βœ…Confirmation
      • πŸ’ΌUse Cases
      • 🎟️Fractionalize ->Tokens
      • πŸ”₯Burn
  • Trading Carbon Assets
    • πŸŽ›οΈIntroduction
    • 🌴DEX
    • πŸͺ™Index Carbon Assets
    • πŸ“ŠCarbon Derivative Market
    • 🀽Deposit <-> Receive
    • πŸ“Reclaim
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  1. Bridge
  2. Morpheus Carbon Bridge

Burn

Offset your carbon emissions by burning carbon reference tokens.

The burn feature is set in place for whenever a business or induvial wants to offset their carbon emissions using tokenized carbon credits. The burn module in the Carbovalent ecosystem will take care of the details regarding the carbon compensation claim by validating whether the SCT tokens were burned. It is also important to note that burning your carbon credits will permanently remove them from circulation to prevent reselling, double counting, and double retirement. Furthermore, the credit tokens that are used to offset emissions are recorded on the Solana blockchain permanently, which allows businesses to employ accurate carbon accounting and to keep track of which carbon projects they supported.

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Last updated 2 years ago

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