The process for bridging BCT and minting Klima is not that different from MCO2. Or do we really believe that carbon projects know how to use blockchain?
I am referring to the fact that anyone can buy credits off chain and tokenize them by bringing them over the Toucan bridge, and minting Klima.
With the Moss model:
- only moss can tokenize the credits
- they are credits that moss has selected and tokenized and they then sell to people, or moss themselves turn them into MCO2s
I'd bet every single BCT outstanding was generated by companies or people that have extensive blockchain experience (including @Moss ) and made money just as Moss did. Buying low and selling high. This arbitrage is largely over now, so the driver for future generation of assets for Klimadao must come from verticalized or integrated players, like Moss - That are working on the digital generation of NBS assets.
Opinion stated as fact. Arbitrage is increases as the price premium premium on chain increases. Unless you now think that the price of Klima isn't going to rise again. As the price of Klima rises, so does BCT and the arbitrage continues. The price at time of writing is $7.20 so please don't make sweeping statements that are untrue and pursue your own agenda.
And the tokens don't compete, they complement each other, they are different animals: BCT is any Verra credit from 2009 onwards, MCO2 is a curated pool of REDD projects in the Amazon forest, a lot more scarce by definition.
The moss token competes directly with the NBCT token which will be minted using the same decentralised methodology of bridging, where anyone can buy it offchain, bridge it and tokenize it.
We need a unified on-chain carbon market with deep liquidity, not many competing commodities which fragment liquidity.