(updated January 2022)

We did not intend to destroy Earth. Throughout human history we have pursued greater health, safety,
and prosperity. That pursuit led to innovations that also had unintended consequences on the Earth’s climate
and the sustainability of life. Fortunately that same ingenuity and human spirit can develop innovative
alternatives to prevent and mitigate the worst outcomes of climate change. It took 58 years to develop a
robust polio vaccine. It took closer to one year to begin mass vaccinations for the 2019 corona virus. It took
two hundred years to affect the Earth’s climate. This generation has twelve to fifteen years to save Earth.

CarbonEco is the modern carbon offsets market to prevent and mitigate the worst outcomes of
climate change. Our voluntary carbon offsets market uses a distributed ledger to establish and manage a
budget for carbon dioxide (CO2). We do this through Ethereum’s immutable blockchain and the non-
fungible token (NFT) ERC-1155 standard.

CarbonEco expresses science, policy, and morality: unconstrained greenhouse gases alter global
temperatures affecting our climate and the sustainability of life.

CarbonEco expects that markets can shape half of the desired behavior and outcomes. The market’s
potential budget for carbon dioxide is 208 gigatons.

CarbonEco establishes value for behaviors. We believe decarbonization and conservation create
constraints on greenhouse gases and they deserve a value. In time an egalitarian marketplace can put a price
on metric tons of carbon dioxide. The value on the absorption, avoidance, offsetting, and sequestration of
carbon dioxide should reward volume, efficacy, timeliness, provability, and cover transaction costs.

CarbonEco recognizes scarcity in time. There is a deadline by when our behaviors need to affect
unconstrained greenhouse gases. CarbonEco accepts the consensus that the people of Earth have twelve to
fifteen years to affect unconstrained greenhouse gases. Scarcity contributes to value and time is the most
valuable variable in this ecological equation. CarbonEco NFTs have i) a total circulation based on scientific
consensus; ii) a four and one third year expiry (limit on durability) to promote pragmatic action; and iii) a
Gaussian distribution schedule.

CarbonEco rewards pragmatism and action. We believe successful behaviors warrant greater value, and
inaction loses value. Technology, behavior, and other innovations that absorb, avoid, offset, or sequester
greenhouse gases such as carbon dioxide can appreciably price the value of their effects. Their value should
be recognized i) in the volumetric efficiency of their methods; ii) in the provability of their claims, and iii)
in the time value of their investments. Because the origination value of the NFTs increase monthly there is
an inflationary incentive to act sooner. People and organizations that do not act will always pay a higher
price to offset their inaction tomorrow.

CarbonEco protects all life. We believe officialdom must tithe to unofficialdom ensuring value for non-
state peoples, original peoples, and all the kingdoms of life. CarbonEco accepts the consensus that the initial
budget for carbon dioxide should include a principle of fairness. This budget for carbon dioxide should be
divided among the official nation states, as these are the organizing mechanism for humans and ecosystems.
CarbonEco has deducted 10% of the global budget for carbon dioxide among nation states and sets it aside
to be distributed pari passu among non-state/original peoples, animals, plants, and other kingdoms of life.

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The basis for a marketplace. In 1990 the United States and other countries recognized that sulfur dioxide
was a leading contributor to acid rain. Unlike chlorofluorocarbons, which were only produced by a small
number of manufacturers that could be regulated, sulfur dioxide was widely integrated throughout industry.
The Clean Air Act of 1990 used a $250 million sulfur dioxide cap and trade market to influence industry to
adopt different technology. The figures below show the 1989-91 and 2017-19 era deposits of wet sulfate
(sulfuric acid).1 CarbonEco believes that a similar marketplace for carbon dioxide could have benefits on
constraining greenhouse gases.

To establish a budget for carbon dioxide we rely upon the wisdom of multiple scientific studies. By signing
the Paris Agreement on climate change, nation states pledged to keep global temperatures below a two
degrees Celsius rise over pre-industrial era temperatures. Many scientists have developed models for the
purpose of establishing a global carbon dioxide budget that would allow the Earth’s governments to
conform to this strategy. The graphic below shows the estimated budgets from twelve studies. CarbonEco
has selected the 416 gigaton budget. It also believes that governments will issues laws and regulations that
constrain greenhouse gases. CarbonEco assumes those regulatory frameworks will deliver half the needed
savings. Therefore, the budget for the CarbonEco market is 208 gigatons. 2

2
Setting Deadlines. As the figure above reiterates the scientific community is recommending budget curbs
on carbon dioxide over the next twenty years. CarbonEco’s carbon dioxide marketplace will trade for
twelve to fifteen years. The rules of the CarbonEco smart contract limit NFT minting per month to 2.31 x
1012, thereby representing the total number of kilograms of carbon dioxide. This rule is enforced from
months one through ninety two. Beginning in month fifty three CarbonEco’s smart contract will also retire
2.31 x 1012 NFT per month. This mechanism allows for the minting and retiring of the total carbon dioxide
budget within the twelve-year timeline the CarbonEco project has allotted. After the first three years of
operations CarbonEco will evaluate the adoption of its marketplace and may adjust the distribution schedule
to extend the marketplace to fifteen years of operations.

Price and Value. The CarbonEco smart contract incorporates several methods to incentivize success. First,
it uses the US carbon offset tax credit schedule as the basis for pricing NFT from month one through month
seventy two.3 The following conditions are integral to the CarbonEco NFT contract logic that is the
foundation for the pricing of assets and carbon dioxide offsets on our platform:

1. An NFT issued in month seventy two will have a list price 183% more valuable than an NFT issued in
month one.
2. Also, the smart contract recognizes premium pricing for larger denominated offsets, i.e., 1/10 th of a metric
ton has a price premium over 1/100th of a metric ton.
3. The smart contract also recognizes a premium based on the provability of the technical method. For
example, a carbon dioxide offsetting resource that is certified by the US Internal Revenue Service (IRS) and
the US Environmental Protection Agency (EPA) will have an 18% premium over a resource certified by
first party attestation. Third party inspection and third party audit will have premium prices over first party
attestation.

Such rules will govern list pricing through month seventy two. Thereafter any NFT issued will be based on
the pricing discretion of the person and organization listing the resource. Factors considered when pricing
the cost of the offset will include attributes such as CO 2 sequestration and geological storage costs, if any;
and it will include verification costs paid out to third parties and verified by the transaction hash used to pay
for the verification through the CarbonEco platform. CarbonEco will collect and distribute any transaction
fees to affiliates, verifiers, and swap ETH for the c0 token on CarbonEco’s liquidity pool.

It is worth an excursion into the Ethereum blockchain to understand its role and transaction costs. We select
Ethereum because it is the largest and most mature smart contract blockchain protocol. With established
standards, it is a protocol that every industry can use to communicate and share data with CarbonEco. We
will create a blockchain interface where multiple industries can share and verify their emissions and offsets
collectively. While some may suggest that hard asset like gold are a better source of value, we believe
Ethereum has high Metcalfe value because of its total circulation, the breadth of wallets that support it, and
the role it plays as a flexible blockchain protocol. Like other markets, a carbon dioxide market built on
blockchain technology will have transaction costs. Nodes in the Ethereum blockchain require “gas” to
process transactions such as minting NFT or transferring them. The appeal of Ethereum is its ledger stored
across all its nodes transparently: no one can cheat and create more NFTs than the budget allows for each
month. With Ethereum’s migration to Proof of Stake (PoS), high transaction fees are a thing of the past, and
the network is now less energy intensive and more efficient and in tune with the needs of the environment. 1
CarbonEco will help it become a global computing engine that is green.

1 https://docs.ethhub.io/ethereum-roadmap/layer-2-scaling/optimistic_rollups/

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Allocating the Budget. CarbonEco will use the budget allocations embodied in the scientific paper
“Allocation of Greenhouse Gas Emissions Using the Fairness Principle”. 4 For example, this means that
American Samoa would receive 0.0005% of the budget and the United States of America would receive
17%. Two hundred and fifty other nations would have their own budget. As mentioned earlier CarbonEco
will also set aside 10% of the NFTs for all life, such as non-state/original peoples, animals, plants, and other
kingdoms of life. Any account can donate the transaction fees necessary to mint the CarbonEco NFT for
these constituencies, but only their verifiable representatives and advocates can receive the original
proceeds and transactional dividend of the NFTs thereafter. As scientists refine their models for how to
allocate the budget for greenhouse gases CarbonEco will update its methods also.

Seeding the Marketplace. It is very difficult to simultaneously scale the supply and demand for a
marketplace. We are convinced that a store with empty shelves is not compelling for buyers. So the initial
priority for CarbonEco is getting an initial supply of NFT. CarbonEco has lined up third party suppliers and
its own inventory of offsets. The supply of carbon dioxide offsets are derived from four methods. Two are
man-made chemical absorption methods and two are naturally occurring resources. Of the two man-made
chemical absorption methods, one will rely on first party attestation and the other on third party inspection.
The two naturally occurring methods rely on third party inspection. In all cases the listing suppliers have
agreed to a temporary, limited consignment and conservation easement. This easement agreement gives
CarbonEco the exclusive right to list their resources for the carbon dioxide absorbing, avoiding, offsetting,
or sequestration potential.

CarbonEco also believes that individuals will volunteer certain conservation behaviors as a method for
seeding the marketplace. We have carefully selected conservation activities that are available in the
developed and developing world to maximize the ability of all people to contribute their own conservation
behaviors. Simple choices we make every day have a surprising carbon dioxide footprint, and we are
excited to see how individuals demonstrate their personal commitment to managing their climatic effects.

CarbonEco will also recruit more people and organizations that will list their resources for avoiding or
mitigating greenhouse gases such as carbon dioxide. The main emphasis will be on high-quality, verifiable
methods and diversification.

The Benefits. CarbonEco expands the aggregate supply and demand of carbon dioxide mitigations.
Donations have their place; regulations have their place; individual websites that offer such offsets have
their place. Marketplaces de facto have a broader network benefit through multiple buyers and sellers. With
transparent incentives the adoption and virality within such a network is typically accelerated. Ethereum
also offers a more extensible medium for exchanging value. The relative anonymity of blockchain is helpful
as some organizations do not want to acknowledge their carbon footprint and the amount of offset they
need. The immutability of a distributed ledger ensures no cheating on the budget.

More importantly, CarbonEco can organically scale out to the Earth’s needs. CarbonEco’s NFT smart
contracts are efficient in how they manage transaction costs. The Ethereum nodes available can keep pace
with the scale of NFTs we need to transact. The economic relationship between the variables of supply and
demand provides a clear cost and benefit at each stage. The accessibility of Ethereum from fiat currencies
will only grow during this same period, as proven by the adoption of Ethereum for new central bank
currencies. As new resources for constraining greenhouse gases are invented, they can easily be expressed

4
as an NFT. Minting them is simple and efficient. As scientists refine their budget or deadlines, updating the
smart contracts inputs happens in real-time.

Informed by science and fairness, CarbonEco provides an egalitarian approach to incentivizing action. It
provides a venue for virtually anyone to list their resources for constraining greenhouse gases. It supplies a
fair method for individuals and institutions to create such incentives for each other. It rewards conservation,
charity, and looks out for those who have a voice through specific advocates.

We did not intend to destroy Earth, but we can protect it through our actions today.

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Envisioning our ERC-1155 Contract. NFTs have become a fun way to collect digital experiences and art.
ERC-based tokens have even become memes.2 We are building a serious token. Each CarbonEco NFT
transacted in the Ethereum ledger represents a debit or credit in our global carbon budget. Renewable
Energy Credits (REC) are a superb innovation, but the ledger tracking them is not public, not global, and
not immutable. We propose an alternative implementation of the Hyperledger eThaler Central Bank Digital
Currency (CBDC) project that can be found at https://github.com/hyperledger-labs/eThaler to review the
differences between the projects and how we have chosen to use the ERC721 & ERC1155 token standards
instead.

2 No disrespect to $MEME. We think they are doing important things in improving staking.

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Token Types. We foresee three main uses of NFT in this domain. Our initial idea and priority is to create
NFT for making CO2 offset, avoidance, and sequestration activities available in a broad-based market.
Second, as mentioned earlier, RECs are also important precedents in this area. There could be value in
having a public ledger of them. Third, once we arbsorb and avoid enough greenhouse gases to stabilize the
global temperature change, we have to maintain an equilibrium of carbon neutrality. Having a public ledger
of actual emissions is the third potential use of NFTs.

Carbon Offset Tokens: These represent the verified reduction of emissions through projects such as
reforestation and sequestration by a third-party.

Renewable Energy Certificate Tokens (REC's): These represent the energy that is generated from
renewable sources that do not have carbon emissions like thermal, hydro, wind, solar, and hydrogen fuel
cells.

Audited Emissions Tokens: These represent the actual emissions of an entity as reported by an auditor
submitting data obtained in a voluntary audit.

All three are potential Non-Fungible Token types that serve as an entity's digital certificate of authenticity
showing that an organization or project has completed its operations within globally accepted emissions
standards by offsetting any excess emissions using a combination of offsets and/or REC's purchased on
CarbonEco to achieve an emissions offset score within acceptable limits and tolerances defined for each
industry.

Network Participants. CarbonEco is prepared to serve as a Token Authority and Issuer. There will be
consumers and producers of these NFTs via the CarbonEco smart contracts. There are five primary actors
on network to account for.

1. Offset Producers: individuals, companies, or institutions that have carbon dioxide and other greenhouse
gas offsetting, absorbing, avoiding, or sequestering technologies.

2. Renewable Energy Certificate Producers: either the renewable energy producing organizations or the
governmental and non-governmental institutions that issue them RECs.

3. Offset Consumers: individuals, companies, or institutions that have carbon dioxide and other greenhouse
gas emissions to offset.

4. Emissions Auditors: institutions that have methods for providing verifiable reporting of actual emissions
over a period of time. (We are interested in partnering with anyone from the audit profession on this.)

5. Technology Partners: individuals, companies, or institutions that have technical integrations that can
enable elements of this plan and its reach.

Token Operations. We foresee the following types of actions in the CarbonEco NFT protocol.

Add New Token Definition (Authority Feature) - Multiple types of emissions tokens should be supported on
the CarbonEco network and must include at minimum:

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1. Offsets
2. Renewable Energy Certificates
3. Emissions

Register/Unregister Issuer (Authority Feature) - as the authority and contract owner this role shall be the
sole authority responsible for registering and unregistering auditors or project certifiers authorized to issue
tokens on the network.

Register/Unregister Consumer (Protocol Feature) - Auditors and project certifiers shall register their own
consumers onto the network.

Issue Token (Protocol Feature) - Issue or mint an NFT based on the results of operations from audited
companies and renewable/offset projects. Each issuer shall only issue token types that are allowed to be
issued by the specific entity involved. Cross channel token issuance is not allowed by the smart contract.
CarbonEco will allow users to donate the fees needed to mint these tokens also. The wallet address
holding the donated value should serve as the locked liquidity pool for the community’s currency, c0.

Transfer (Protocol Feature) - Audited Emissions Tokens cannot be transferred, they are retired as soon as
they are issued, and they stay with the organization that was audited as a record of their emissions. Offsets
and REC's can be transferred (traded) until they are retired out of accounts that need an offset.
 
Retire (Protocol Feature) - When an Audited Emissions Token is marked as "retired", it is counted as the
emissions reduction baseline of the retiring organization, and it cannot be transferred. Offsets and REC's are
tokens that are then counted against the Audited baseline of an entity to determine its overall emissions
offset score. When an Offset or REC token is retired by an organization, it is counted against the emissions
budget of the retiring organization, and it cannot be transferred.
 
Burn (Protocol Feature) - This will burn offsets and credits not used within the allotted period to be used
against the global carbon budget.

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The Initial Tokenomics of CarbonEco’s ERC-20 Token (c0): Unique Features, Market Value, and
Total Supply. To enable the CarbonEco vision we are also issuing an ERC-20 token as a basis for
generating resources to fund our activities. The CarbonEco Token is a Decentralized Finance (DeFi)
protocol. It is designed to give its holders the governance needed to control their financial interdependence
on the blockchain. It also enables the reduction of global CO2 emissions and greenhouse gasses by staking
value in the CarbonEco community and funding our NFT Marketplace.

CarbonEco Protocol’s Unique Features. CarbonEco uses three simple functions on every trade:
Reflection + LP Automation + Charity on every trade; the transactions are taxed a 7% fee which are split as
follows:

 Rewards Pool. 2% fee is captured in the CarbonEco contract as taxFee. This is redistributed to all
token holders as Reflection.

 Liquidity Pool. 3% fee is split 50/50 half of which is sold by the contract into ETH, and the other
half of the CarbonEco are paired automatically with the previously mentioned ETH and added as a
liquidity pair on the UniSwap Exchange.

 Charity Pool. 2% fee is provided to a charity dedicated to the reduction of global CO2 emissions in
a manner that is in line with the CarbonEco protocol. In the CarbonEco contract this is captured as
extraFeePercentage. Proof of our tithe to unofficialdom is here: https://CarbonEco.medium.com/tithe-
to-unofficialdom-917206470e5b

Rewards. CarbonEco (c0) is a DeFi token where participants can deposit value in exchange for consistent
rewards. Consistent Rewards are earned based on the number of tokens you hold. Each time c0 is
transferred there is a 2% transaction fee gathered by the ERC-20 contract. This fee is divided among all the

9
holders of c0. These deposits happen immediately. CarbonEco is exempt from receiving these rewards.

The CarbonEco Consistent Reward is based on the number of tokens being traded, and we use this fee
mechanism to fight off the temptation to join in downward selling pressure, which can happen when the
earliest buyers sell their tokens after earning huge and consistent gains on their CarbonEco tokens. The fee
charged to sellers is paid out in the Reflection mechanism which incentivizes holders to keep their tokens
longer, to earn higher rewards that are earned and distributed based on the number of tokens held in your
wallet. The more tokens you hold the more tokens you earn. If you hold CarbonEco ERC-20 tokens, you
can swap them for Ethereum or use them to buy ERC-1155 CO 2 offsets on the CarbonEco NFT
Marketplace.

Automated Liquidity for Stable Market Value. The Automated Liquidity Pool deposits are what ensure
that the CarbonEco token is fairly rewarding holders on two fronts: we establish upward buying pressure on
the market price of the token to provide a stable price floor that holders can rely upon by charging a
transaction fee to both buyers and sellers, and we stabilize the market price and value of the currency by
providing a consistent cushion of liquidity that is deposited into the pool once the contract has aggregated
149 billion tokens in transaction fees at a time.

Additionally, the goal is to provide a consistent stream of deposited value into the liquidity pool by adding
the transaction fees charged to traders and using it to strengthen the value of the token stored in the

10
community’s source of wealth on the UniSwap Exchange, which is needed to combat the ever-increasing
effects of climate change. We reduce the supply of our token on every transaction in a consistent manner,
which means the Consistent Reward is divided among fewer and fewer holders. The more you hold, and
the longer you hold, the more you earn. The CarbonEco token is fractionalized into 9 decimal digits and
can support smaller denominations as time goes on to facilitate the exchange of tokens for the ever-
increasing value stored inside the liquidity pool.

Current Total Supply vs Market Value

Supply Price

Overtime the supply of CarbonEco will go to zero, making the last token left extremely valuable. The rate
of change is dynamic and dependent on the volume of trades occurring in the CarbonEco market. Initially
there is a large supply that will facilitate a large and vibrant community of participants who can contribute
to and vote with our community to change our world for the better.

Protected Supply. The CarbonEco contract takes inspiration from the SAFEMOON contract, and it serves
a more serious purpose. We have added a few other components in the contract to help our DeFi community
stand out as a platform that enables its members to live financially independent lives that can be used in
pursuit of a just cause to save the Earth from the harmful CO 2 emissions destroying our planet. We have
corrected all of the errors and security concerns reported by Certik. 5

The SAFEMOON source code had the function call uniswapV2Router.addLiquidityETH, and we replaced
it with a simple reference to the contract itself, i.e., address(this) so that the Liquidity Pool created by swap
is locked forever. This guarantees that the contract owner cannot pull a rug out from under the CarbonEco

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community. This is a community pool that is here for all of us to succeed, and to use to save our planet
from the harmful CO2 emissions that we need to work on eliminating collectively.

Charity. The CarbonEco community is based on the foundation of a mathematical principle known as
Quadratic Funding; an idea that is brought to us by the school of liberal radicalism, which expresses the
concept that everyday people have the absolute power to organize themselves in a decentralized manner to
determine what is the best way to allocate resources for the benefit of everyone in society; without
regulation, authoritarian tyranny, or corruption.

Quadratic Funding6 is not a new concept; albeit many modern-day academics and philosophers are
exploring these ideas and they are gaining popularity in the Ethereum community. “Citizens make public
goods contributions to projects of value to them. The amount received by the project is (proportional to) the
square of the sum of the square roots of contributions received.” 7

The primary goal of the CarbonEco token is to leverage the mathematics of Quadratic Funding on a social
level at scale to create a liberal funding regime for collective goods. All of us have heard of and understand
social engineering to do harm, to steal bank accounts, Bitcoin private keys, and Facebook passwords to
uncover untruths between lovers. Our community will now socially engineer a solution to the most pressing
issue facing humanity since the dawn of the twentieth century and the nuclear age. We will collectivize the
funding of CO2 sequestration technologies to signal a clear and pressing message to our leaders and
governments that we stand united to solve the issue of global carbon emissions and the danger they pose to
our Earth.

The CarbonEco token is borrowing an idea called Quadratic Vote Buying to determine individual
preferences and actions we should take to change the impacts that excessive CO2 emissions are having on
our planet. To bring about the social good that we all desire, we propose that you think of buying
CarbonEco as a vote for supporting the climate as a public good. Mathematically, academics model the
ideas we have presented using the variable QV to explain how well this works for the people in society to
extend to applications where a simple yes or no vote just will not do. We have to supercharge what we
invest collectively, and we will now make an attempt at explaining to you how it works so that the people in
power will take us all seriously.

Definition 7 (Liberal Radical Mechanism 8): The Liberal Radical Mechanism Φ

± LR
(c pi) generates

(∑ √ )
2
p
funding F p for each good p ∈ P such that F = cp .
i i

Basically, this equation just says that to generate the Funding F needed to capitalize a common good
( p ), and for every idea we have for things p in some random set of P good things to do, we as a society of
citizens c, who choose to contribute some value worth i dollars, to pay for these common good things p can

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maximize what we invest in using a very flexible version of Quadratic Vote Buying QV to express that our
combined investment to this cause has the mathematical impact of squaring itself as we add our
contributions together using a percentage that the CarbonEco smart contracts has been programmed to
contribute to our collective cause; the funding received grows as the square of the community size.

The more CarbonEco you invest in, the more CarbonEco you transact with, the stronger our community
gets and the more collective power we obtain to fight against the global threat of CO 2 emissions that affect
us all. The CarbonEco token will invest 2% of every transaction towards the elimination of CO2. The more
you hold, and the more you use CarbonEco, the more you contribute to our cause and our community, and
the more you earn to help you and your family while participating in something that is larger than us all.

Lottery. The CarbonEco Community is dedicated to the health and interdependent growth of everyone who
participates in the vision of what we are engaged in; our goal is not easy, and we are committed to the
success of this community. We discovered an opportunity within our review of the audit provided by Certik
and we decided to create a feature out of one of their recommendations for the SAFEMOON contract.

The swapAndLiquify function converts half of the contractTokenBalance SAFEMOON tokens to BNB. For
every swapAndLiquify function call, a small amount of BNB remains in the contract. This amount grows
over time with the swapAndLiquify function being called throughout the life of the contract. The
SAFEMOON contract does not contain a method to withdraw these funds, and the BNB will be locked in
the SAFEMOON contract forever. This is not the case with the CarbonEco token at all!

We had our engineers crawl through the source code to turn that bug into a lottery. As the balance of
Ethereum builds up into the CarbonEco Token contract with every call to swapAndLiquify, we will award a
random token holder the value of the amount stored in the contract every month as a small token of our
community love for each other and our mission. Invest in the CarbonEco mission and earn your rewards
perpetually; this will forever be entombed on the blockchain and will continue to work as programmed
whether you believe in us or not. This is DeFi in action.

CarbonEco Tokenomics and Initial Launch. On June 19, 2021 we launched the CarbonEco token. After
minting 1,110 trillion tokens, we took the following priority actions.9 First we put our 10% tithe to
unofficialdom in a separate wallet. The proceeds of this wallet can only be given to representatives of
unofficialdom as charitable donations. Next we set aside 500 trillion tokens to fund CO 2 offset investments
and the gwei for minting our CO2 offset ERC-1155 tokens. One of our initial investments is in our sister
company Absorb CO2, which uses a proprietary ambient air absorption chemical reaction to sequester CO 2.
Then we transferred 330 trillion tokens (31% of the fair launch supply) into the UniSwap Liquidity Pool.
Next, to further demonstrate our discipline we burned 50 trillion tokens. Then we set aside 39 trillion tokens
to fund freelance developers to participate in our development roadmap for the next three years. Next, we
redeemed our ICO transaction fees and returned capital to our original sponsor. Finally, we set aside 50
trillion tokens to provide liquidity in different distributed exchanges (DEX) and for grants to Web 3.0

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technologies we use in the CarbonEco protocol. We detail the tokenomics in the table below. We also
provide the wallet addresses for transparency in our proof of transfer. The rationale for 1,060 trillion fair
launch supply is inspired by the 1,060th US Senate hearing of the 110 th Congress, which focused on Climate
Change Research.10

NUMBER SHORTHAND

Total Supply 1,110,000,000,000,000 1,110 Trillion

Tithe to Unofficialdom 111,000,000,000,000 111 Trillion

CO2 Offset Funding 300,000,000,000,000 300 Trillion

ICO Liquidity Pool Locked Supply 280,000,000,000,000 280 Trillion

PreSale 280,000,000,000,000 280 Trillion

Burn 50,000,000,000,000 50 Trillion

Development Roadmap 39,000,000,000,000 39 Trillion

ICO Transaction Fees and Bounty Program 20,000,000,000,000 20 Trillion

Binance Liquidity 5,000,000,000,000 5 Trillion

Huobi Global Liquidity 5,000,000,000,000 5 Trillion

Coinbase Liquidity 5,000,000,000,000 5 Trillion

Kraken Liquidity 5,000,000,000,000 5 Trillion

FTX Liquidity 5,000,000,000,000 5 Trillion

Web 3.0 Grants 5,000,000,000,000 5 Trillion

Total Fair Launch Supply 1,060,000,000,000,000 1,060 Trillion

The 300T c0 tokens for CO2 offsets will be distributed via our NFT Marketplace to individuals who
volunteer certain conservation behaviors. These tokens will also be used to fund large scale offset projects,
e.g., reforestation, solar and wind, hydrogen, and conservation programs. We are not placing an arbitrary
vesting/lock-up period on these tokens. They will become available as soon as the NFT Marketplace is live,
and they will be issued at rates proportional to the NFTs minted. CarbonEco token holders should expect
their release to happen via natural market forces and demand for the offsets. If we issued 2.5 c0 tokens per
NFT, at our monthly maximum CO2 budget of 2.31 x 10 12 we would exhaust the 300T c0 tokens after 4.3
years.

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The tithe to unofficialdom will be transferred to bona fide representatives of charities representing the
parties embodied in unofficialdom. These representatives may elect to exchange their c0 tokens for other
cryptocurrencies and we have no control over the timing of such decisions.

Development Roadmap. We have organized our development to scale with additional resources. We have
a series of issues backlogged and under investigation for development.

Our focus is on our minimum lovable product, which will enable us to seed our initial supply of NFTs for
carbon offsetting methods. We have initiated development against the NFT marketplace, which incorporates
features from the Wyvern Protocol, the Interplanetary File System, and the Graph Protocol. We believe that
these technologies are the right foundation because they will enable us to effectively manage the gas needed
in the scale of our transactions.

After that we will focus on:

• business-to-business integrations
• integrations with other tokens
• carbon offset projects
• BEP-20 c0 token launch
• in real life / fiat venture capital raise(s)

Conclusion. CarbonEco is a high quality contract for a serious token that serves a serious purpose. We have
provided a fair tokenomics strategy with clarity in the purpose of each distribution. We have balanced the
inflationary features of the contract with sufficient and diverse liquidity pools as potential mitigations to
bots, whales, and other sources of volatility. Our purpose in preparing the c0 token is to fund our roadmap
for building an NFT Marketplace for CO2 offsetting behaviors and projects. We will not speculate on the

15
ultimate prices of the c0 token. Backed by a proper ERC-20 contract the CarbonEco token will help identify
a community interested in this goal and enable them to act on their beliefs and motivations.

…………………………………………..

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1 https://www3.epa.gov/airmarkets/progress/reports/acid_deposition_figures.html
2 https://www.carbonbrief.org/analysis-how-much-carbon-budget-is-left-to-limit-global-warming-to-1-5c
3 The Tax Credit for Carbon Sequestration (Section 45Q) https://fas.org/sgp/crs/misc/IF11455.pdf
4 Rodríguez-Fernández, Laura; Fernández Carvajal, Ana B.; Bujidos-Casado, María. 2020. "Allocation of Greenhouse
Gas Emissions Using the Fairness Principle: A Multi-Country Analysis" Sustainability 12, no. 14: 5839.
https://doi.org/10.3390/su12145839
5 https://www.certik.org/projects/safemoon
6 https://finematics.com/quadratic-funding-explained/
7 https://arxiv.org/pdf/1809.06421.pdf
8 Ibid.
9 These actions are documented at https://CarbonEco.medium.com/ under our posts on June 20, 2021.
10 https://www.govinfo.gov/content/pkg/CHRG-110shrg35039/pdf/CHRG-110shrg35039.pdf