KlimaDAO (KLIMA) is a decentralized autonomous organization (DAO) and DeFi protocol that aims to combat climate change by leveraging blockchain technology to create a carbon-backed cryptocurrency. The native KLIMA token is a floating algorithmic reserve currency backed by carbon offsets, ensuring that each token is supported by at least one carbon tonne. The protocol incentivizes the development of high-impact carbon reduction projects by tokenizing carbon credits and promoting transparency and efficiency in the voluntary carbon market. KLIMA holders participate in governance through voting and staking, which rewards them with additional tokens. The ultimate goal is to create a carbon-based economy that aligns incentives between civil society and organizations to reduce greenhouse gas emissions.
KlimaDAO (KLIMA) is a decentralized autonomous organization (DAO) and DeFi protocol that aims to drive climate action by accelerating the price appreciation of carbon assets. The KLIMA token is the native token of KlimaDAO and serves multiple purposes:
Gateway to On-Chain Environmental Markets: KLIMA provides liquidity for on-chain markets via protocol-owned liquidity, allowing users to participate in the digital carbon market.
Staking and Inflation Hedging: Users can stake KLIMA to generate returns and hedge against ecosystem inflation.
Treasury Management: KLIMA is used to acquire digital carbon (reserve assets) and liquidity (assets) for the treasury.
Digital Carbon Retirement: KLIMA can be used to redeem and retire digital carbon via the retirement aggregator and retirement bonds.
Governance: KLIMA token holders can participate in KlimaDAO’s governance process, deciding on the allocation of the treasury and market-making capabilities.
Bonding Mechanism: Users can obtain discounted KLIMA by depositing BCT (Base Carbon Tonne) tokens or liquidity pool tokens into KlimaDAO’s treasury.
- Trading: KLIMA can be traded on various exchanges, including SushiSwap and Gate.io.
Overall, KLIMA is the central token that facilitates the functioning of KlimaDAO, enabling users to engage with the digital carbon market, participate in governance, and support the project’s mission to drive climate action.
To store KlimaDAO (KLIMA) tokens, you can follow these steps:
Create a Wallet: First, create a Polygon-compatible Web3 wallet. You can use Torus or any other compatible wallet.
Load the Wallet with MATIC Tokens: Ensure your wallet has MATIC tokens to cover gas fees.
Swap for KLIMA on Sushi.com: Connect your wallet to Sushi.com using WalletConnect. Then, swap your MATIC tokens for KLIMA tokens.
Transfer KLIMA Tokens to Your Contract: You can transfer KLIMA tokens to your contract using web3.js and JSON RPC (like using Metamask) or by implementing a deposit function that calls KLIMA's standard ERC20 approve and transfer functions.
Stake KLIMA Tokens: Stake your KLIMA tokens to earn rebasing rewards. This involves approving the StakingHelper contract and then calling the stake function.
Manage Your Tokens: You can transfer, approve, and manage your KLIMA tokens using the IERC20 interface.
By following these steps, you can securely store and manage your KLIMA tokens.
To buy KlimaDAO (KLIMA) tokens, follow these steps:
Choose a Crypto Wallet: Select a reliable crypto wallet that supports the Polygon network, such as Trust Wallet, Coinbase Wallet, or MetaMask. Download the wallet extension on Google Chrome or the wallet app from the iOS App Store or Google Play.
Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down the seed phrase or secret recovery words carefully for future reference.
Buy Base Currency: Purchase a base currency such as MATIC, USDT, ETH, or BNB on a centralized exchange like Binance. You can use fiat currency to buy these coins.
Transfer Base Currency to Wallet: Withdraw the base currency from the exchange to your crypto wallet. Ensure you set the correct network (e.g., Polygon/Matic) and provide the wallet address.
Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as 1inch or Sushi. Connect your wallet to the DEX using your wallet address.
Trade for KLIMA: On the DEX, select the base currency as the payment and KLIMA as the coin you want to acquire. If KLIMA is not listed, find its smart contract address on PolygonScan and paste it into the DEX.
- Complete the Swap: Click the Swap button to complete the transaction. Be cautious of scams and ensure you have the correct contract address.
Remember to diversify your portfolio and be aware of market risks and volatility.
