XELS launches eco-conscious blockchain platform for carbon offsets
press release PRESS RELEASE. The blockchain-based carbon offset platform XELS provides global access to the decentralized carbon market and its ERC20 token will launch on Bittrex Global on April 8, 2021.
April 7, 2021, Date Tokyo, Japan - XELS is one of the leading startups fighting climate change by increasing participation and transparency in carbon markets. its eponymous XELS token on Bittrex Global on April 8, 2021.
Tokenized carbon credits
XELS will allow businesses and individuals to access a blockchain-based car with good offset platform, initially focused on tokenized voluntary carbon offset credits. These credits are increasingly attractive to companies wishing to show they consume rs they want really reduce their carbon footprint.
Fight against fraud with blockchain
Since the birth of carbon markets following the Kyoto Protocol and the Paris Agreement, fraud has hampered the effectiveness of carbon credit sales and trading. Bad actors sometimes sell fake or credits expired, and the" recycling "fraud led to the double expenditure of creditts not returned. Carbon markets are the perfect use case for blockchain's distributed ledger technology, in the form of transactions cannot be modified, canceled or duplicated. Tokenized carbon credits can also be "burned", with a public transaction hash proving they have been deleted forever.
Founder and CEO of XELS Takeshi Nojima explains the vision of XELS:
" We believe that the decentralization is the only way for carbon markets to function effectively. XELS will enable industry to maintain open and transparent records - from production to sale to retirement.Easily thinking their carbon transparently without fear of fraud will make them even more willing to fight global warming, and this will pay dividends as consumers will have confidence that they are truly committed to making a difference for the world. 'environment.
The XELS token
XELS will exist as a platform token which will be used to access a future suite of stablecoins which are attached to var voluntary carbon offset credits that meet industry standards. In the future, the company also seeks to offer" compliance "credits, which are heavily regulated nationally.l cap and trade agreements.
Japan lags behind European countries, where companies are forced to purchase compliance credits for avoid heavy taxes. XELS is already in talks with many listed companies in Japan who want to join Prime Minister Yoshihide Suga's goal of achieving nationwide net zero emissions by 2050.
Reduce Blockchain Carbon Footprint
Although XELS will exist as an ERC20 token at launch, the company is aware of the concerns surrounding the high energy consumption associated with Ethereum, Bitcoin and others cryptocurrencies.
Later this year, XELS will migrate to a blockchainproprietary, low power consumption company that the company has been developing since 2017. XELS Chain takes a hybrid proof-of-stake and proof-of-work approach, while allowing users to run a full node on a laptop from base without the need for energy-intensive mining equipment.
From April 8, 2021 the XELS platform token will be available for trading on major cryptocurrency exchanges Bittrex Global .
Companies or individuals interested in accessing the decentralized coach marketbone of the future with XELS can contact [email protected] for more information.
Media contact details
Contact name : Mitch Hammer
Contact email address : [email protected]
Contact phone : +81 80 9400 0536
Learn more about XELS - https: //www.xels.io/
Buy XELS on Bittrex Global - https://global.bittrex.com/
Follow XELS on Twitte r - https://twitter.com/xels_PR
Join the XELS community on Telegram - https://t.me/xelscoin
Search for 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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