Ecoingot

Ecoingot is a platform for Building the Internet of Carbon.

Whitepaper

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Interest lvl

NA

Updated: Dec 09, 2018

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Ticker

EGT

Type

Utility-token

Registration countryMalta

Registration year2018

What is Ecoingot

Ecoingot’s infrastructure assigns a carbon impact value to everyday activities and purchases which can then be offset by spending EGT tokens.

Transparency for the offsetting will be managed by the blockchain which immutably records both the token usage and the offsetting events.

EGT tokens will be launched from within Malta as regulation-compliant Virtual Financial Asset tokens and as such will be in compliance with the legal framework for distributed ledger technology Assets (DLT Assets) of the Virtual Financial Assets Act (VFA Act) and will be registered with the MFSA in accordance with the VFA Act.

Ecoingot Ltd has 7 million Natural Capital Credits (NCCs) in place for the sale, to facilitate the initial issuance of up to 7 billion EGT tokens.

NCCs are carbon offsets representing 1 tonne of CO2e and enable the offsetting capabilities of EGT Tokens. NCCs are subject to a rigorous independent validation and verification process under ISO 14064-3 and ISO 14065 guidelines and only after satisfaction of complying with all requirements are issued by the Natural Forest Standard

Each EGT token will be released with an assigned carbon value of 1kg CO2e.