Carbon Dollar X is an asset backed Cryptocurrency, tied to the value of the global carbon credit market. The initial hard asset value and carbon credits backing the Carbon Dollar X are derived from an old-growth standing forest. The assets are valued at greater than two times the hard cap of the token offering, verifiable via audited financials, with an estimated increase of five to fifteen percent (15%) per annum.
Carbon Dollar X is initiating the first cryptocurrency that will be fully backed by hard assets and carbon credits. Carbon credits as a commodity are recognized internationally and carry an established value. Since the adoption of the Paris Agreement and Kyoto Protocols the majority believe that the value of these credits will increase in years to come.