KlimaDAO Forum

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.

jasonstevanhill great question

jasonstevanhill Goddess DAO will be domiciled offshore, and the SPV is in Delaware. We have spent a good amount of time with legal making sure we are covered here.

melloone We plan to work with the KLIMA marketing team to get the biggest bang for our buck.

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.

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

Are the GNTs all consistent in the volume of GCO2 tokens included in the bundle (are some GNTs bigger than others)? If not, how does KLIMA plan on accounting for GNTs of varying carbon tonnage?

Love it!

GoddessDAO How transparent will the SPV and its actions be to the DAO and to Klima holders?

sodiumstar There will be a separate DAO token - so the GNT shouldn't trade at a premium for governance.

Clikkr 1 GNT = 1 GCO2 = 1 ton of carbon

rrrmmmmm As transparent as technologically and humanly possible.