Earthbyt’s carbon wallet will be the funding vehicle behind our efforts to not only be a zero carbon footprint token, but to help fund the restoration of global soils.  This will be achieved using the transactional tokenomics to allocate a 2% wallet fee to the carbon wallet from each transaction.

Fees will be collected throughout each year, and then token holders will get to vote on the charities, organisations, and projects that receive the donations.

However, Earthbyt will also use funds to purchase soil carbon credits from offset carbon markets to cover the footprint for the year.  We will purchase only soil carbon related credits from platforms like www.nori.com , www.puro.earth , and other carbon offset marketplaces.  Furthermore, we will look to partner directly with regenerative farming, biochar producers, and other companies that have soil carbon related credits available.  This strategy ensures the funds go directly to healing the planets soils.

We will also look to work closely with carbon credit certification organisations like goldstandard, verra, dngvl, the carbon trust and more organisations working to help quantify and measure the impact of carbon reduction technologies and related products.  Moving forward to true blockchain, GIS, and AI  integrated models for tracking emissions and verifying carbon offsets.

The planets future depends on our ability to improve water retention of soils, reduce chemical pollution and increase global biomass and arable land mass.  This is even more the case with rising population and the rising temperatures.

With 40% of the planets topsoil being eroded in just the last 50 years and the rising risk of drought and further soil degradation and erosion we have to divert billions into soil restoration efforts.  As you will see we have identified a number of great charities, NGO’s and projects working diligently in this area.  We will nominate several projects for the token holders to vote for annually.  We also hope to engage the token holders into nominating projects in their regions to expand the impact as the carbon fund grows.