1 Introduction ..........................................................................1
2 CNT Community ...................................................................2
3 The Birth of CNT Token ........................................................3
4 Advantages of CNT Token ........................................................4
5 Why Choose BSC? .................................................5
6 Principles ...........................................................................6
7 Application Scenarios ....................................................................7
CNT Token is developed by a world-class R&D team and blockchain enthusiasts. It is a symbol of community autonomy. After the completion of the airdrop, the project owner destroyed the private key of CNT Token.
It is a green ecosystem based on Binance Smart Chain (BSC), aiming to simplify participation conditions through liquidity mining and ultimately achieve global mining. Carbon neutrality is one of the core concepts of CNT Token. How to realize the economic value of green ecology through CNT Token is the pursuit of CNT Token enthusiasts. The CNT Community is now fully autonomous, laying a solid foundation for ecological construction in the near future.
CNT Token features a unique incentive and deflationary mechanism, along with characteristics of liquidity trading and mining. Specifically, holders of CNT Token will receive bonuses from each transaction through locked blockchain smart contracts, ensuring that every holder gets fair returns. It is a truly decentralized entity where bonuses from each transaction are automatically and instantly distributed to holders. The more CNT Tokens you hold, the more bonuses you will receive. The longer you hold them, the greater the accumulated dividends, just like people depositing fiat currency in banks to earn interest. In other words, whether you hold long-term, trade, or circulate, you can generate returns. This design is particularly conducive to personal and family asset allocation, effectively resisting wealth erosion caused by inflation and achieving stable appreciation of assets.
The CNT Community was established in May 2021. Its environmental protection projects cover climate and energy, which are committed to mitigating climate change caused by burning fossil fuels such as coal, oil, and natural gas. They are dedicated to pollution control projects that eliminate toxic pollutants and protect forests. The important mission of the community is to protect the environment and realize the sustainable development of a green earth. In terms of scientific research and technological invention, solutions that are beneficial to environmental protection should be adopted. The purpose of the CNT Community is to promote a greener, more peaceful, and sustainable future.
As more and more institutions and financial giants pay growing attention to carbon neutrality, they are in urgent need of carbon credits to offset their carbon emissions. Given the increasing standardization of carbon credit trading and related financial products, distributed ledger tools based on blockchain technology have been developed on this basis. In other words, why not issue a token to fulfill this function?
One of the reasons for the sixfold increase in Bitcoin prices over the past few years is the private sector's skepticism about the credit currency system dominated by central banks. In particular, the Federal Reserve launched the "unlimited easing" policy last year, which led to global liquidity glut and a broad rise in all asset prices, reflecting public concerns about the US dollar and the global credit currency system. Carbon neutrality has become a hot topic because more and more countries have signed the Paris Agreement, including China, which pledged last year to achieve carbon neutrality around 2060. China, the world's largest emitter of greenhouse gases, has also committed to reaching this goal by 2060. Earlier this year, after Joe Biden took office, he proposed a "Green New Deal", and the United States rejoined the Paris Agreement, making energy conservation and carbon reduction a global trend. As we all know, a major drawback of Bitcoin is that its mining process is extremely energy-intensive. It is estimated that Bitcoin mining consumes as much electricity as Chile annually and generates carbon dioxide emissions equivalent to those of New Zealand. Against the backdrop of global efforts to combat climate change and achieve carbon neutrality, this seems inappropriate. To promote global carbon neutrality as soon as possible, curb corporate carbon emissions, and encourage various institutions to actively develop technologies for energy conservation, carbon reduction, and carbon sequestration, Europe, the United States, and China have launched tradable "carbon credit" products such as carbon emission allowances or certified emission reduction certificates. The European Union Emissions Trading System (EU ETS) is by far the most mature, accounting for 80% of the global trading volume. Related financial derivatives are also gaining increasing popularity among investors. For example, the futures price of EU carbon credits has nearly doubled in the past year. There are also many similar carbon trading platforms around the world. Although the overall trading volume is limited, the products are becoming more and more standardized, with huge growth potential in the future.
In short, besides environmental protection, CNT Token has two other major advantages:
- The potential supply of CNT Token lies between that of Bitcoin and credit currencies, making it more suitable as a currency. The potential supply of credit currencies is unlimited, which triggers public concerns about inflation and currency depreciation, and is also the main reason for the emergence of Bitcoin in 2008. The potential supply of Bitcoin is absolutely limited, but as economists have learned from the practice of the gold standard, Bitcoin is prone to deflation. Therefore, Bitcoin is not suitable as a currency. The annual supply of CNT Token will depend on the amount of carbon emissions reduced by humans each year, and the total issuance volume of CNT Token will have an upper limit. With the advancement of technology, the total annual carbon reduction volume will continue to increase, which means that the supply of CNT Token is neither absolutely limited nor arbitrarily issued. Its circulation depends on people's ability to reduce carbon emissions, because reducing carbon emissions requires the input of human, material, and financial resources, which can improve social welfare and create value. Compared with simple Proof of Work (PoW), CNT Token has more social significance; compared with credit currencies, it has more discipline and constraints. Therefore, CNT Token can not only prevent inflation, maintain the stability of currency value, but also avoid deflation and promote economic development.
- In terms of the distribution model and control of central bank credit currencies, currencies are distributed among private entities around the world through competitive algorithms/labor ("mining"), which is not controlled by central banks. This also makes it difficult for central banks to adjust money supply and economic cycle fluctuations through monetary policies.
The issuance of CNT Token lies between that of Bitcoin and credit currencies. On the one hand, since carbon reduction needs to be verified and certified by official or non-official professional certification bodies around the world, it can only be effective after verification. Therefore, the issuance of CNT Token is jointly distributed and completed by the public and official sectors. On the other hand, forests are national assets in most countries, as they are important sources of carbon emission reduction. Therefore, if countries transfer the carbon sinks generated by state-owned forests to central banks, central banks will have a carbon sink reserve (similar to their gold or foreign exchange reserves). Central banks can use carbon sink reserves as a monetary policy adjustment tool, purchase government bonds as needed, issue CNT Token accordingly, or sell government bonds to repurchase CNT Token.
Binance Smart Chain (BSC) is a decentralized, efficient, and energy-saving public chain. It is also the first product launched by the Binance Open Platform. On the basis of supporting high-performance transactions, it achieves smart contract compatibility. BSC serves as the public chain infrastructure of the Binance Open Platform and has become the basic platform for hosting users, assets, and applications in the future. The Binance Open Platform is a unified infrastructure platform fully open to the blockchain industry, relying on the technical resources, liquidity resources, and ecological resources of Binance Group. This indicates that BSC's mission is not only to be a public chain, but also to be a cradle of innovative technologies and enterprises.
As a public chain, it has the following advantages:
- Public chains can protect users' rights and interests from being interfered by program developers. If developers develop an application on a public chain, they have no right to interfere with users.
- Public chains have certain network effects because they are completely open and accessible to external users.
- External users can access public chains with low thresholds. Anyone with sufficient technical capabilities or a computer connected to the Internet can access them.
- External users on public chains can generate security through their public nature, and every user can participate in transactions. Therefore, as a public chain, Binance Smart Chain also has these advantages. In addition, BSC supports EVM programmability, which can achieve contract compatibility only through simple configuration, reducing the cost of development or migration. It also has the functions of meta-transactions and reduced commissions, further lowering the on-chain costs for developers and users. At the same time, cross-chain asset transfer can be carried out to optimize the asset experience.
Liquidity pools are permanently locked, and the ownership of smart contracts is transferred to the black hole address on the launch date.
A 10% tax will be levied on every transfer transaction on the chain, of which 3% will be immediately sent to the black hole and automatically destroyed.
3% of each transaction on the chain is distributed to all holders. 4% of the tax from each transaction on the chain will be added to the Mdex liquidity pool to provide liquidity.
Carbon emission accounting targets all possible sources of greenhouse gas emissions generated by enterprises. Conduct an inventory of emission sources and data collection, identify the sources of greenhouse gas emissions of enterprises, and quantify the collected data information. This is the first step towards carbon management. We use CNT Token to reward enterprises that actively participate in the carbon footprint system. The CNT Community is committed to establishing a free Carbon Emission Verification Organization (CEVO) to help enterprises achieve zero cost in carbon emission detection. A decentralized carbon sink exchange will also be established, where CNT Token will be used as the payment method for global carbon trading. By identifying the carbon emission sources of enterprises, we can gain a detailed understanding of the sources and quantities of their carbon emissions, and formulate a series of effective measures accordingly to reduce the carbon emissions caused by their production and operation activities. Enterprises are encouraged to offset their carbon emissions by purchasing carbon credits such as CNT Token. The basic principle is voluntary, that is, the trade neutralization between sellers (emission reduction institutions) and trading institutions (intermediaries). Transactions using CNT Token have lower costs, making enterprises more active in the carbon trading market.
Start with energy conservation and reduce emissions in small daily matters. For example, start with yourself: bring your own lunch box and handbag, say no to disposable items, turn off the lights, and make saving electricity a habit; use public transportation and take a truly green trip. These are all things we can do to reduce carbon emissions.
The CNT Community encourages you to actively participate in reducing your carbon footprint. If you have done something to help reduce your carbon footprint, inform the CNT Foundation of your actions, and you will be rewarded. Transportation accounts for a large proportion of carbon emissions. The CNT Community advocates green travel and will cooperate with hardware suppliers in the future. For example, every step you accumulate can be exchanged for CNT Token for free. However, we need to clearly tell you that CNT Token itself is a commodity and cannot be used as currency. It only represents your contribution to environmental protection.
