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CO2Bit (CO2B) is the world’s first Bitcoin cryptocurrency that aims to benefit climate change. It offers three coins: Co2, Co2A, and Co2B, each serving different purposes. These secure network-based digital assets are created to finance sustainable, carbon-neutral energy generation, accelerated emissions reductions, and measures to mitigate the adverse impacts of global climate change. Additionally, CO2Bit aims to promote global economic participation and investment in technical innovations such as microgrids to ensure community resilience.
By acquiring and using CO2Bit, users contribute to reducing the global carbon footprint and bringing sustainable power to disadvantaged communities, even in remote areas. The currency’s utility financing model helps overcome start-up barriers and make a meaningful difference in mitigating climate change. CO2Bit has agreements with sovereign nation-states and NGOs to support environmental and humanitarian projects. While Co2 tokens are not publicly traded, Co2A and Co2B tokens are publicly listed, providing opportunities for exchange and investment in the CO2Bit ecosystem.
CO2Bit operates on Ethereum blockchain technology, similar to Bitcoin, focusing on Proof of Stake (PoS) instead of energy-intensive mining methods. The CO2Bit Network consists of participants globally who process transactions and maintain the CO2Bit Blockchain ledger. Users can easily buy and sell CO2Bit online with Bitcoin or other currencies and store them in CO2Bit wallets. In the future, CO2Bit plans to introduce “stakers”, who will contribute to building and maintaining the blockchain, receiving CO2Bit interest in return. By partnering openly with other sustainability initiatives, CO2Bit aims to enhance collaboration and coordination for a better planet.
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