• General

  • Request for Comment - Flow Carbon/Goddess DAO X KLIMA Collaboration

Awesome stuff. Sounds solid.
Only thing I dont really get.. isn't Flow Carbon doing the exact same thing as Toucan Protocol with their TCO2?
Why create your own DAO with your own TCO2-equivalent token?
If too many peeps copy-pasta Co2-DAO's we could see a lot of different XYZCO2-tokens at some point which could get messy no?

Maybe I'm just missing a point here... or maybe it works out as long as KLIMA DAO is backed by all existing Co2-tokens?
Looking forward to hear back..

    Nice.
    Pathways to growth

    Love the synergy with Klima infinity as well!

    Great exposure opportunity to traditional market customer base and diversification of Klima's treasury.

    Can we be provided in greater detail exactly what the $100K marketing spend constitutes? High level just seems as though business will be as usual enabling Goddess DAO to operate in both markets with traditional customers staying on the paper side.

    Also will Klima trading for USDC thus be split between BCT/USDC and GNT/USDC pool or will it just remain against BCT pool? If remains the same, GNT only stands to benefit while BCT takes on price action pressure. This is key for voters to input an educated cast.

      Nice, definitely for!

      My concern here is jurisdictional: New York is extremely inhospitable to crypto.

      I recognize that the Goddess DAO will be notionally independent from Flow Carbon, but I don't know that the NY AG will see it that way. I fear that the connection between the two will be a pain point for Flow and subsequently for any assets that Klima accepts into its treasury.

      https://ag.ny.gov/sites/default/files/cease_letter_redacted.pdf

      Now, if you tell me that Flow is going to register with NYS and receive a BitLicense, then that's great, but I don't see anything here about that.

      https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/bitlicense_faqs

        Anything to make the price of Klima go up XD

        sig

        Retiring them is an on-chain action of the holder. As long as KLIMA is the holder, they cannot be retired.

          I'm for expanding Klima's treasury to include high-quality tokenized carbon projects in this space given solid due diligence and rationale. Looking forward to a AMA with Flow Carbon / Goddess Dao to hear more.

          Mellow it's totally different. Goddess tokens are unretired offsets, meaning they are live assets that fully retain their off-chain value, and can be retired by the token holder. This also means they are usable by corporations, who will not buy retired carbon offsets. Lastly, the first pool of GCO2 tokens are higher quality, nature-based only which is what corporations will buy and there are already corporates and companies lined up to buy the token for their offsetting.

              Mellow We are set up quite differently than Toucan. Our credits remain un-retired when they came on-chain. So far we have not seen a DAO to govern the Toucan bridge.

                sig Klima Infinity is in development which provides carbon custody and continuous carbon offsets as a service for organizations wishing to invest in Klima as an instrument in their sustainability plans and/or as a native green asset for their decentralized finance (DeFi) activities.

                A GNT token held in the treasury or by anyone cannot be retired so long as it is held. In order for an off-chain retirement to take place, a GNT token has to be removed from circulation first.

                  Yes! A two-way bridge is great new feature by which we hopefully gain some additional FUD resistance.

                  Although it's not clear to me how the market will value GNT tokens since these combine the value of the underlying carbon credits as well as a premium for DAO governance. This also means that their value might be a lot more volatile than BCT. What about bonding in times of high GNT valuation? Is "paying" such high premium a risk for Klima DAO?

                    sig What is Klima Infinity?

                    It's a program we're launching to incentivize long-term carbon custody and offsetting through the underlying tokenized carbon value growth of $Klima. It'll include important aspects such as an opt-in public pledge standard, a footprint v. carbon assets dashboard as a service and some other useful tools/incentives to help organizations on their journey to publicly offset their negative externalities. Stay tuned 🌳

                      a two way bridge is a must! great invention guys!

                        GoddessDAO
                        I can see how being an offshore entity can be good for all the legal stuff. But won't it go against the purpose of the DAO? If it is a legal entity that would mean that someone (one individual or more) would be in control. And the rest of us would have to trust that these people do what the DAO decides. Or is it set up another way? Please enlighten me