Klima DAO KLIMAPrice $ 0.117

Klima DAO gives Web3 builders and users the opportunity to participate in the carbon market through the KLIMA token. KLIMA tokens are:

• Fungible: per the ERC20 token standard
• Backed: by at least 1 tonne of tokenized verified carbon offsets locked in the Klima DAO treasury
• Useful: holders of KLIMA will have the ability to vote on Klima DAO policy

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: 

• 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. 
• Opacity: Trades occur often behind closed doors, allowing buyers to underbuy the market.  
• Inefficiency: buying and retiring carbon credits comes with friction and barriers, by utilizing the polygon ecosystem, removes this friction for all users.