Carbon Utility Token (CUT)
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About Carbon Utility Token
The Carbon Utility Token (CUT) is a green token created from certified carbon offsets. It leverages blockchain technology to enable individuals to offset their carbon footprint and contribute to a cleaner planet. The offsets pool consists of certified carbon removal and destruction by landfill gas and biomass projects, providing a tangible and measurable impact.
CUT is designed to represent an increased volume of carbon as tokens are minted, allowing users to hold, trade, or retire them from circulation permanently. This immutability assures that the token’s climate action is truly impactful. The Carbon Utility Token has received a legal opinion classifying it as a utility token under the Blockchain Act, ensuring compliance and regulatory oversight.
Using smart contracts, CUT tracks and verifies its journey from creation to the green projects it supports. This transparency allows participants to support real-world renewable energy and carbon capture technologies, establishing new standards of trust. With the ability to destroy CO2 and push the transition into renewables, CUT empowers individuals to make a difference and be part of the global movement towards a sustainable future.
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