Carbon

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Carbon?

Carbon Protocol (SWTH) is a native cryptocurrency and governance token for the Carbon layer 2 trading protocol. It powers cross-chain financial markets and infrastructures, utilizing a delegated Proof-of-stake (dPOS) consensus mechanism and is secured by staking SWTH with a decentralized network of validators. The protocol is highly composable, versatile, and secure, making it suitable for developers to implement and scale decentralized applications across multiple blockchain networks.

How is Carbon used?

Carbon Protocol (SWTH) is a layer 1 protocol with a suite of financial decentralized applications (dApps) designed to provide affordable and easy-to-use DeFi investment tools. SWTH is the native cryptocurrency and governance token of Carbon, used as the default network fee token for any transactions within the network. It is also used for staking, which ensures security through a delegated Proof-of-Stake (dPOS) consensus mechanism, generating rewards from network and trading fees.

SWTH holders have voting rights in governance decisions, such as determining the borrowing limits for the Carbon stablecoin in various money market pools. This allows them to influence the ecosystem's development and utility. Additionally, SWTH stakers receive discounts on minting Carbon stablecoin and a share of the revenue generated by the stablecoin, further incentivizing their participation.

The token's utility is expected to increase with the introduction of the Carbon stablecoin, which will add more value and utility to SWTH stakers. This includes tiered discounts on minting the stablecoin, more revenue generated from the stablecoin's transactions, and potential future money market and liquidity pools that utilize the Carbon stablecoin.

How do I store Carbon?

To store Carbon Protocol (SWTH) tokens, you have several options depending on your needs and preferences:

  1. BYDFi Account: You can store your SWTH tokens in your BYDFi account. This option provides quick access to trading products like spot and contract trading, savings, and lending. BYDFi acts as the custodian of your crypto assets, saving you the hassle of managing private keys. Ensure you set strong passwords and upgrade your security settings to prevent malicious actions.

  2. Decentralized Wallet: For enhanced security, you can withdraw your SWTH tokens to a decentralized wallet. This allows you to manage your private keys directly. You can use various types of wallets, including smart wallets, Web3 wallets, or paper wallets. Be sure to store your private key securely, as losing it could result in the permanent loss of your assets.

  3. Carbon Protocol Wallet: You can also store your SWTH tokens in a wallet specifically designed for the Carbon Protocol. This wallet is generated upon request when you deposit tokens to the address displayed on the deposit page of Carbon Protocol.

Each option has its pros and cons, so it's essential to consider your specific needs and preferences when choosing how to store your SWTH tokens.

How to buy Carbon?

To buy Carbon Protocol (SWTH) tokens, follow these steps:

  1. Open an account on a reliable exchange: Choose a trusted exchange like BYDFi or Binance. Sign up with your email or mobile number and create a strong password to protect your account.

  2. Verify your account: Enter your personal information and upload a valid ID card to verify your identity. This step is crucial for security and compliance.

  3. Add a payment method: Once your account is verified, add a payment method such as a credit/debit card or bank account. This will allow you to fund your account and purchase SWTH tokens.

  1. Choose a buying method: You can buy SWTH tokens directly with your added payment method or through third-party channels. BYDFi also offers a spot market where you can exchange other cryptocurrencies for SWTH.

  2. Complete the transaction: Preview the transaction details and confirm your purchase. Once the transaction is complete, the SWTH tokens will be added to your account.

Additionally, you can store your SWTH tokens securely using a multi-asset wallet like Atomic Wallet, which supports over 1000 cryptocurrencies and offers private, secured, and 24/7 online support.

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History of Carbon

The history of Carbon (SWTH) is not explicitly detailed in the provided sources. However, we can gather some information about its current state and functionality.

Carbon (SWTH) is the native cryptocurrency and governance token of the Carbon Protocol, a layer 2 trading protocol designed for cross-chain financial markets and infrastructure. It operates on a delegated Proof-of-Stake (dPOS) consensus mechanism built on Tendermint Core, ensuring security through SWTH staking with rewards from network and trading fees.

The protocol is highly composable, versatile, and secure, making it easy for developers to implement and scale decentralized applications. It is interconnected with a growing number of Layer 1 chains, including Ethereum, BSC, Neo, and Zilliqa, aiming to pioneer the future of decentralized financial economies.

In terms of its current market performance, Carbon (SWTH) has a market capitalization of around $7.23 million and a daily volume of $26,423. It is currently trading at $0.004559, with a circulating supply of 1,585,510,090 SWTH.

Long-term price predictions for Carbon (SWTH) suggest growth, with projected prices ranging from $0.56 to $3.11 by 2030, driven by the long-term growth potential of blockchain technology, improving market conditions, regulatory clarity, and enhanced acceptance and adoption of cryptocurrency.

While the exact history of Carbon (SWTH) is not provided, its current status and market performance give insight into its role in the cryptocurrency market.

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How Carbon works

Carbon (SWTH) is a cryptocurrency that operates on a Layer-2 trading protocol, which enables cross-chain financial markets and infrastructures. This means it can facilitate transactions and interactions across multiple blockchains, making it a versatile and scalable solution for decentralized finance (DeFi) applications.

At its core, Carbon is designed to incentivize and reward individuals and businesses for adopting environmentally friendly practices. It does this by providing SWTH tokens as rewards for participating in emission reduction initiatives. These initiatives can include adopting renewable energy sources, implementing energy-efficient technologies, promoting sustainable transportation, or supporting reforestation projects. The goal is to engage a wide range of stakeholders and promote collective action towards carbon neutrality.

The Carbon Protocol incorporates advanced carbon footprint tracking mechanisms, allowing users to monitor their emissions through a user-friendly interface. This transparency empowers individuals and businesses to make informed decisions regarding their environmental practices. Additionally, the protocol features a decentralized carbon marketplace where users can buy and sell carbon credits using SWTH tokens, creating a thriving ecosystem focused on carbon reduction.

In terms of governance, the SWTH community has significant control over the direction of the protocol. Staked SWTH holders have voting rights that determine key parameters such as the amount of Carbon stablecoin that can be borrowed in various money market pools. This governance model allows other protocols to buy up SWTH to increase their voting power and influence the direction of the Carbon ecosystem.

The Carbon stablecoin, known as USC, is another key component of the protocol. It is designed to add value and utility to SWTH token holders and stakers. The stablecoin can be minted against collateral, and the interest rates for minting can be adjusted via governance. This creates a tiered discount system where stakers with more SWTH can receive lower interest rates. Furthermore, a portion of the revenue generated by the stablecoin is distributed to SWTH stakers, generating additional revenue for the community.

Overall, Carbon (SWTH) is a comprehensive ecosystem that aims to promote sustainability and environmental conservation while providing a robust and scalable platform for DeFi applications.

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Carbon's strengths

The token Carbon (SWTH) has several strengths that contribute to its potential and value in the cryptocurrency market. Here are some of its key strengths:

  1. Governance and Security: Carbon Protocol uses a delegated Proof-of-Stake (dPOS) consensus mechanism, which ensures security through staking SWTH with a decentralized network of validators. This mechanism rewards stakers with network and trading fees, promoting a secure and incentivized network.

  2. Interoperability and Composability: Carbon is designed to be highly composable, versatile, and secure, making it easy for developers to implement and scale decentralized applications across multiple blockchain platforms. This interoperability allows for seamless connections with major Layer 1 chains like Ethereum, BSC, Neo, and Zilliqa, enhancing its utility and potential for growth.

  3. Tokenomics and Yield: The Carbon Token (SWTH) serves as the default network fee token and earns real yield when staked. This yield comes from multiple sources, including block rewards, providing a strong incentive for stakers to participate in the network.

  1. Liquidity and Market Access: CarbonHub offers a platform to buy, stake, and contribute liquidity to SWTH liquidity pools, ensuring a high level of liquidity and market accessibility. The introduction of liquid staked SWTH further enhances liquidity and usability.

  2. Technical Analysis and Predictions: Technical analysis suggests that Carbon Protocol has a strong potential for long-term growth, with predictions indicating significant price increases by 2030. This growth is driven by factors such as improving market conditions, regulatory clarity, and enhanced adoption of cryptocurrency.

These strengths collectively contribute to the value and potential of the Carbon (SWTH) token, making it an attractive investment opportunity in the cryptocurrency market.

Carbon's risks

Carbon (SWTH) is exposed to several financial risks related to climate change. These risks can be broadly categorized into two types: transition risks and physical risks.

Transition Risks

Transition risks arise from the efforts to mitigate climate change, such as policy changes, technological advancements, and shifts in consumer behavior. These risks can impact Carbon (SWTH) in several ways:

  • Policy Risks: Governments may implement policies to reduce greenhouse gas emissions, such as carbon pricing or stricter regulations. This could lead to increased costs for Carbon (SWTH) if it is not well-positioned to adapt to these changes.
  • Technological Risks: The development of new technologies could make Carbon (SWTH)'s current business model obsolete or less competitive. For example, if alternative energy sources become more cost-effective, it could lead to a decline in demand for Carbon (SWTH)'s products or services.
  • Market Risks: Changes in consumer behavior and investor preferences could lead to a decrease in demand for Carbon (SWTH)'s offerings. This could result in lower revenues and profitability.
  • Reputational Risks: Carbon (SWTH) may face reputational damage if it is perceived as not taking sufficient action to address climate change. This could lead to a loss of investor confidence and customer trust.
Physical Risks

Physical risks are associated with the direct impacts of climate change, such as extreme weather events, sea level rise, and changes in temperature and precipitation patterns. These risks can affect Carbon (SWTH) in several ways:

  • Operational Risks: Extreme weather events could damage Carbon (SWTH)'s infrastructure, disrupt supply chains, or impact its ability to operate effectively. This could lead to increased costs and decreased productivity.
  • Asset Risks: Changes in climate patterns could render certain assets, such as real estate or equipment, less valuable or even obsolete. This could result in significant financial losses for Carbon (SWTH).
Disclosure and Management

To manage these risks effectively, Carbon (SWTH) needs to disclose its exposure to climate-related risks and develop strategies to mitigate them. This includes:

  • Disclosure: Providing transparent and detailed information about its greenhouse gas emissions, climate risk exposure, and management practices to address these risks.
  • Risk Assessment: Conducting regular assessments of its climate risk exposure and developing scenarios to anticipate potential future risks and opportunities.
  • Strategy Development: Developing and implementing strategies to reduce its carbon footprint, adapt to changing climate policies, and capitalize on opportunities arising from the transition to a low-carbon economy.

By understanding and addressing these financial risks, Carbon (SWTH) can better position itself to navigate the challenges and opportunities presented by climate change.

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Did Carbon raise funds?

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Carbon’s team

  • Ivan Poon: Co-founder of Carbon Protocol, known for his work with Switcheo Labs and ZilSwap.
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