The Green Foundation cryptocurrency's main benefit is serving as the sole medium of exchange for the carbon credit exchange we are creating. The Green Foundation and other businesses that decide to swap their certified carbon credits on our market will be available for purchase through GF by both individuals and organizations. There will be two levels to the exchange:
LEVEL 1
The first level will simply be a broker for carbon credits. Through this section, users can purchase Green Foundation-certified carbon credits directly from us; after receiving regulatory approval, investors can also purchase carbon credits from other businesses. They will pay a listing fee and a portion of each transaction that will go toward funding our environmental projects in exchange for the right to list on our exchange. Only $TRIPX will be accepted for the purchase of carbon credits on our market.
The process will go as follows when purchasing carbon credits at Level 1:
ā¢ A percentage of every sale will be sent to the Green address, making TRIPX deflationary.
ā¢ A percentage will be sent to the staking pool, rewarding our investors.
ā¢ A percentage will be used to fund TRIPX projects when carbon credits are sold.
ā¢ A percentage will be used to fund TRIPX projects when other companies' carbon credits are sold.
LEVEL 2
The second level will consist of a free market where anyone can trade their verified carbon credits. Let's say a customer who bought a carbon credit certificate from our shop does not want to reduce their emissions. The investor will then have the option to sell it on our open market for whatever price they decide upon. Utilizing our platform, anyone will be able to buy carbon credits with the intention of selling them later, once their value has risen as predicted. Of course, just like the first level, TRIPX will be the only currency accepted for trading.
The following is how the exchange of carbon credits on Level 2 will operate:
ā¢ A tiny portion will be delivered to the Green address.
ā¢ A modest portion will be contributed to the staking pool.
ā¢ TRIPX projects will receive a modest portion of the budget.
ā¢ The bulk of the verified carbon credits will be provided to the buyer, while the remainder will be sent to the seller.
(Percentages will be decided at a later date and will be subject to adjustments).
The $TRIPX generated through the sales and fees of carbon credits will be offered for sale on our website, where investors can buy $TRIPX with their fiat bank cards or in exchange for other cryptocurrencies. In order to make the Green Foundation self-sustaining, we will utilize these monies to invest in environmental initiatives that will trap more carbon. As a result, we will produce additional carbon credits to sell.
