KlimaDAO (KLIMA) Live Price and charts Today

Klima DAO is a decentralized autonomous organization deployed on Polygon that adopts a tokenized economy to offset carbon emissions.

Klima DAO is a decentralized autonomous organization focused on increasing the cost of carbon emissions to disrupt the emission markets. By accelerating the price growth of carbon assets, Klima DAO strives to motivate companies to reduce their emissions. By adopting the OHM-pioneered bonding mechanism to internalize carbon credits, Klima DAO incentivizes the new supply of Base Carbon Tonnes ($BCT), a tokenized version of carbon credits, on the blockchain. Moreover, the project aims to store as many $BCT as possible in its treasury by buying them for $KLIMA.

Market participants can buy $BCT on the market and bond them with $KLIMA for a discount. After five days, they receive discounted $KLIMA, which they can either sell for a profit or decide to stake with the protocol to expand their share of the $KLIMA supply. This mechanism follows the one introduced by Olympus DAO for acquiring protocol-owned liquidity. In Klima DAO’s case, the price of KLIMA is backed by the $BCT in its treasury, which, in turn, is backed by the price of real-world carbon emissions certificates.

In short, the more BCT Klima DAO can internalize, the higher the real-world price of carbon emissions will be, forcing market participants to adapt or pay for higher carbon emissions.