DeCARB offers lower fees for businesses to sell their carbon credits compared to current rates. The platform operates both on-chain and off-chain, with operation earnings off-chain at $10 per tonne and on-chain at $15 per tonne.
The DeCARB team does not oversee the process; instead, the government oversees the entire process. This means that the platform is decentralized and transparent.
Easy Proposal Submission
Organizations can easily sign up on the DeCARB platform and submit proposals to sell carbon credits.
To make a proposition, the cost of the carbon credit needs to be paid, which eliminates the need for large upfront costs. For example, if the cost of the carbon credit is $100, and someone wants to stake 20% of it for two hours, they must spend $20 only to make a proposition.
Only a deposit is made to the DeCARB platform, and DCO2 tokens are produced for governance. This means that the platform is based on blockchain technology.
Voting on the proposal requires VDCO2 tokens, and members of the organization that develop proposals vote to determine if the proposal is genuine. The proposal must receive 99.5% of the vote to be approved.
After approval, $100 will be transferred from the DeCARB pool to the specific user, and participants may wager their tokens for multiplication benefits. This means that payments are made quickly and efficiently.