The Crypto-Based EV Payment System Is A Huge Use Case For Blockchain, So Invest In This Future-Proof Project Now

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Disclaimer: The Industry Talk section features information from crypto industry players and is not part of the editorial content of Cryptonews.com.

Carbon credit markets are booming as countries around the world take steps to try to mitigate the climate impact of their CO2 emissions. According to Refinitiv analysts, the value of carbon credits traded increased by 164% in 2022, reaching a total trade volume of $851 billion.

Meanwhile, according to an analysis by Coherent Market Insights, the market capitalization of the global carbon credit market was approximately $211.5 billion in 2019 and is expected to reach over $2.4 trillion by 2027. carbon credits allow polluters to offset their CO2 emissions by essentially financing carbon. -negative projects via investments in carbon credits.

But carbon credit markets remain notoriously centralized. Large players in the manufacturing/industrial sector can buy credits in bulk. Big sellers, like electric vehicle (EV) maker Tesla, can sell credits in droves. But what about individuals?

Shouldn’t there be a way for individuals to be rewarded for their positive climate actions – like owning and driving an electric vehicle rather than a fossil fuel car? Until now, the technology has not been there to democratize access to the rapidly growing carbon credit reward market.

But a new crypto startup called C+Charge is looking to change that. The start-up seeks to realize a key blockchain use case by allowing, for the first time, electric vehicle drivers to earn carbon credits every time they charge their vehicle.

C+Charge – Rewarding electric vehicle drivers with carbon credits

C+Charge is developing a blockchain-based, peer-to-peer electric vehicle charging payment system designed to open up the market for rewarding carbon credits to drivers of electric vehicles, like Tesla.

Electric vehicle drivers will use C+Charge’s currently in-development app to pay to charge their vehicles. They will pay using C+Charge’s native CCHG cryptocurrency and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app.

The GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco. The more EV owners charge and drive and the more CCHG they spend, the more GNT they will earn.

CCHG owners also have the option of passively earning carbon credits. There is a 1% tax on all transactions that C+Charge uses to buy GNT carbon credits and then distributes them proportionally among CCHG token holders.

In addition to acting as a payment platform for electric vehicle charging and a carbon credit tracking tool, C+Charge’s app will also help users easily geolocate nearby charging stations and offer useful information such as real-time charger waiting times and technical diagnostics of charging stations.

Visit C+Charge here

C+Charge hopes its platform can accelerate the transition to electric vehicles worldwide by solving key problems with current charging infrastructure – rewarding drivers with carbon credits, making pricing more transparent and by allowing drivers to track the operational status and waiting times of nearby stations.

How to invest

C+Charge recently opened a pre-sale of its CCHG token to fund its development and investors rushed to secure their bag. Indeed, a crypto whale recently banked $99,000 worth of CCHG tokens in one fell swoop, as can be verified here on BscScan.

In just a few weeks since the project launched its pre-sale funding round, it has already raised over $250,000. C+Charge is currently selling its CCHG token, which will power its electric vehicle charging app, for 0.013 USDT, a deeply discounted price according to some analysts. Some have gone so far as to claim that the cryptocurrency could grow 10x when it launches on exchanges in just over two months.

Investors should also be aware that C+Charge is running a $50,000 giveaway. Investors must hold at least $100 of CCHG on the day of the draw to be eligible to win the prize.

Buy CCHG here

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