November 30, 2023 - The current price of CRISP Scored Mangroves is $29.6 per CRISP-M on Tegro: The CEX-DEX. CRISP Scored Mangroves is 0.30% below the all time high of $29.71. The current circulating supply is 16928 CRISP-M. Discover new cryptocurrencies to add to your portfolio.
CRISP Scored Mangroves Stats
About CRISP Scored Mangroves
Everyone wants to see quality climate action - but the way this is financed is challenging. Carbon project developers, such as organizations that restore degraded mangroves, run into a major roadblock - the Voluntary Carbon Market (VCM) gives them carbon credits retroactively. Still, the up-front costs are significant and have to come from somewhere. Generally, this is solved via forward financing, but this industry is inaccessible and opaque, lowering the number of willing participants and limiting access to capital. The result is that quality climate action is slowed down, limiting the impact these projects have in the fight against climate change.
CRISP-M is Solid World's token for allowing mangrove restoration project developers to forward-sell their upcoming carbon credits at a discount. The further away the credits are from delivery, the larger the discount. One CRISP-M reflects the value of one ton of mangrove restoration-based carbon credits at maturity, as this is the point where the discount reaches 0% and can be exchanged 1:1 for the underlying supply (plus fees). As the forward credits exchanged for CRISP-M move closer to maturity, this discount is vested to the token's liquidity providers, creating a sustainable source of liquidity incentives while never diluting existing token holders of the token's value.
All projects are subject to Solid World's CRISP (Carbon Risk Identification and Scoring Principles) Framework to limit risks of under-delivery, have replacement guarantees from suppliers and are approved by the pool's Curation Council, a set of major liquidity providers for the CRISP-M token.
Together with the rest of Solid World's mechanisms - the system functions as a decentralized warehouse for climate finance, connecting buyers and sellers across time as the supply gets certified and arbitraged out of the system.
Everything you need to know about CRISP Scored Mangroves
On which network(s) is CRISP Scored Mangroves available?
CRISP Scored Mangroves is available on Polygon
What is the current price of CRISP Scored Mangroves?
The current price of CRISP Scored Mangroves is $29.6.
What is the total supply of CRISP Scored Mangroves?
CRISP Scored Mangroves has a total circulating supply of 16928.
What is the the total market cap of CRISP Scored Mangroves?
CRISP Scored Mangroves has a total market cap of 501068.80000000005.
What is the 24 hour global trading volume of CRISP Scored Mangroves?
In the past 24 hours, the total trading volume of CRISP Scored Mangroves is 180009.1048.
Where can I buy, sell, and trade CRISP Scored Mangroves?
The best place to buy, sell, and trade CRISP Scored Mangroves is Tegro: The CEX-DEX. Use orderbooks, limit orders, and more on Tegro: The CEX-DEX to trade CRISP Scored Mangroves at the best prices.