KlimaDAO KLIMA Price 0.00162489

Klima is focused on disrupting the emission markets by increasing the cost of carbon emissions. The price of carbon assets can be increased to encourage companies to reduce emissions. BCT can be bought on the market and bonds with KLIMA for a discount. They can either sell KLIMA for a profit or a stake in the protocol to increase their share of the KLIMA supply. The mechanism is similar to the one introduced by Olympus DAO. Although Klima DAO is not an official fork of Olympus DAO, the two projects are affiliated, and several Olympus DAO contributors play key roles in contributing to Klima DAO. The tradeoff for stability is that Klima knows how to remove carbon credits from the markets. The protocol's goal is to have a stable price by the middle of the century. The media outlets that cover the carbon credits markets noted that Klima DAO had already bought 2% of the market. Advisors have 50m pKLIMA and 1% supply share. If advisors wanted to redeem all of their 50m pKLIMA, their share had to be less than 1%. This would be possible once KLIMA supply reaches 5 billion.