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PRESS RELEASE. The XELS blockchain-based carbon offset platform provides global access to a decentralized carbon market, and its ERC20 token will launch on the 8th. April 2021 launch on Bittrex Global.
7. April 2021, Date Tokyo, Japan – XELS is one of the leading startups in the fight against climate change by increasing participation and transparency in carbon markets. The eighth. In April 2021, Bittrex Global announced its eponymous XELS badge.
Tradable carbon credits
XELS will offer businesses and individuals access to a blockchain-based climate change platform, initially focused on tokens for voluntary carbon credits. These credits are becoming increasingly attractive to companies who want to show consumers that they are serious about reducing their carbon footprint.
Since the introduction of carbon markets under the Kyoto Protocol and the Paris Agreement, fraud has affected the efficiency of the sale and trading of carbon credits. Bad actors sometimes sell fake or past due loans, and fraudulent collection has led to double the costs associated with unpaid loans. Carbon markets are an ideal use case for distributed blockchain technology because transactions cannot be modified, reversed or duplicated. Traded carbon credits can also be burned, with the public transaction permanently erased, of course.
Takeshi Nojima, founder and CEO of XELS , explains the vision of XELS:
We believe decentralisation is the only way to make carbon markets work effectively. XELS will enable the industry to keep open and transparent records – from generation to generation, from sales to decommissioning. If it becomes easier for companies to offset carbon emissions transparently and without fear of fraud, they will be even more willing to combat global warming and it will pay to convince consumers that they are making a real difference to the environment.
XELS will exist as a token platform used to access a future set of boxes associated with various voluntary industry standard carbon offsets. In the future, the company also plans to offer compliance credits, which are largely covered by national cap-and-trade agreements.
Japan lags behind European countries, where companies are forced to buy compliance credits to avoid high taxes. XELS is already in talks with many Japanese listed companies who want to join Prime Minister Yoshihide Suga’s goal of achieving zero domestic net emissions by 2050.
Blockchain reducing carbon footprint
Although XELS will exist an ERC20 token at launch, the company is aware of the issues surrounding the high power consumption of Ethereum, Bitcoin and other cryptocurrencies.
Later this year, XELS will move to its own low-power blockchain, which the company has been developing since 2017. The XELS chain uses a hybrid approach that allows users to run an entire node on a simple laptop without using power-hungry mining equipment.
As of April 2021 , the XELS platform token will be available for trading on the leading cryptocurrency exchange Bittrex Global.
Companies or individuals interested in accessing the decentralized carbon market of the future through XELS should contact [email protected] for more information.
Media contact information
Contact name: Mitch Hammer.
Contact Mail: [email protected]
Contact Phone: +81 80 9400 0536
More information about XELS – https://www.xels.io/
BuyXELS on Bittrex Global – https://global.bittrex.com/
XELS follow on Twitter – https://twitter.com/xels_PR
Join the XELS community on 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 information purposes only. This information does not constitute investment advice or an offer to invest.
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