Polygon Ecosystem

Fjord Foundry

Klima DAO gives Web3 builders and users the opportunity to participate in the carbon market through the KLIMA token. KLIMA tokens are:<ul><li>Fungible: per the ERC20 token standard </li><li>Backed: by at least 1 tonne of tokenized verified carbon offsets locked in the Klima DAO treasury </li><li>Useful: holders of KLIMA will have the ability to vote on Klima DAO policy</li></ul>Therefore, the DAO serves the role of a "de-central" bank, governing the monetary policy of this new carbon-backed currency, just as a central bank governs the monetary policy of a fiat currency. As the protocol grows, Klima DAO will solve the critical problems of the carbon markets:&nbsp;<ul><li>Illiquidity: Carbon Credits come in many different varieties; carbon brokers and middlemen are used by buyers and sellers, fragmenting the total liquidity of the market.&nbsp;</li><li>Opacity: Trades occur often behind closed doors, allowing buyers to underbuy the market.&nbsp;&nbsp;</li><li>Inefficiency: buying and retiring carbon credits comes with friction and barriers, by utilizing the polygon ecosystem, removes this friction for all users.&nbsp;</li></ul>

IDO Page On Fjord Foundry

Klima DAO

Klima is a DAO focused on increasing the cost of carbon emissions to disrupt the emission markets.

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