Idea Pitch

Pitch Deck

Explanation of Idea

Idea/Business Pitch Video

Technologies Used

Several advanced technologies have been utilised in this project to provide a seamless and efficient system for carbon credits certification and trading:

• Soul-Bound Tokens (SBT): We used Soul-Bound Tokens as a verifiable certification system for carbon credits. This mechanism enhances the transparency and reliability in the carbon credits market.

• Bancor Formula: We have implemented a Decentralized Exchange (DEX) using the Bancor formula. This DEX houses liquidity pools, enabling efficient trading of carbon credit tokens.

• Chainlink: We used Chainlink functions for burning SBT (used as a carbon credit issue certificate) and minting the appropriate type and amount of carbon credit tokens for that account. This functionality helps maintain a fair and balanced carbon credits ecosystem.

• ERC1155 Tokens: Different types of carbon credit tokens are maintained using the ERC1155 token standard. This multi-token standard allows us to efficiently manage, transfer, and trade a variety of carbon credits within a single contract.

• ERC20 Sustainability Coin: We are using the ERC20 Sustainability Coin as the platform's native token. This token serves several functions, including incentivizing specific activities and facilitating token swaps.

Built With

• bancor
• chainlink
• dex
• javascript
• liquidity-pools
• nft
• react
• sbt
• solidity