PRESS RELEASE. The blockchain-based CO2 offset platform XELS offers global access to the decentralized CO2 market. The ERC20 token will be launched on Bittrex Global on April 8, 2021.
April 7, 2021, Date Tokyo, Japan – – XELS is one of the leading startups fighting climate change through greater participation and transparency in the carbon markets and listed its XELS token of the same name at Bittrex Global on April 8, 2021.
Tokenized Carbon Credits
XELS offers both companies and individuals access to blockchain-based carbon offsetting Platform that originally focused on voluntary carbon credits. These loans are becoming increasingly attractive to businesses that want to show consumers that they mean business Reducing your carbon footprint.
Fight against fraud with blockchain
Since the emergence of the carbon markets under the Kyoto Protocol and the Paris Agreement, fraud has occurred hindered the effectiveness of the sale and trading of emission allowances. Bad actors sometimes sell fake ones or expired loans and “recycling” fraud had led to double spending on uncollected loans. carbon Markets are the perfect use case for blockchain’s distributed ledger technology as transactions cannot be changed, reversed, or duplicated. Tokenized carbon credits can also be “burned”. with a public transaction hash proving he’s retired forever.
XELS founder and CEO Takeshi Nojima explains the XELS vision:
“We believe that decentralization is the only way carbon markets can work effectively. With XELS, the industry can keep open, transparent records – from generation to sale to retirement. If it is made easy for companies to transparently offset their carbon without fear of fraud, they will be even more ready to fight global warming and it will pay off when consumers have confidence that they really intend to make a difference for them To affect the environment. “
The XELS token
XELS will exist as a platform token used to access a future suite of stablecoins, the are tied to various voluntary industry-standard emission credits. In the future, the The company also strives to offer compliance credits, which are heavily regulated under national regulations Cap and trade agreements.
Japan lags behind the European nations where companies are forced to buy compliance credits to avoid high taxes. XELS is already in talks with numerous publicly traded companies in Japan interested in meeting Prime Minister Yoshihide Suga’s goal of achieving net zero domestic emissions by 2050.
Reducing the carbon footprint of blockchains
While XELS will exist as an ERC20 token at launch, the company is aware of the concerns around the high energy consumption of Ethereum, Bitcoin and others Cryptocurrencies.
Later this year, XELS will migrate to a proprietary, energy-saving blockchain that the company has been developing since 2017. XELS Chain takes a hybrid proof-of-stake and proof-of-work approach, allowing users to run a full node on a simple laptop without the need for power-hungry mining hardware.
Of April 8, 2021 The XELS platform token will be available for trading on leading cryptocurrency exchanges Bittrex Global.
Companies or individuals who would like to have access to the decentralized carbon market of the future with XELS can contact us [email protected] for more informations.
Media contact details
Contact name: Mitch Hammer
Contact e-mail:: [email protected]
Contact phone: +81 80 9400 0536
Learn more about XELS – https://www.xels.io/
Buy XELS at Bittrex Global – https://global.bittrex.com/
Follow XELS on Twitter – – https://twitter.com/xels_PR
Join the XELS community by telegram – – https://t.me/xelscoin
Find XELS on Facebook – – https://www.facebook.com/XELS-COIN-1867938109912219/
XELS is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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