This Australian Blockchain Firm is Revolutionizing Carbon Credit System

CO2 emissions are currently estimated to be around 55 billion tonnes per year. Even if we reduce it to zero in the next decade, the long-term warming impact is estimated to be 1.5 to 2 degrees Celsius. Changes in sea level, food production, and public health will all suffer as a result. The rate of rising in emissions vastly outpaces our ability to incentivize lower emissions. Our potential to manufacture sustainable carbon credits is less than 25% of our present yearly pollution levels globally, and there is a decades-long backlog. To address this issue, Phaeton has teamed up with industry professionals and a Corporate Accounting Group to create a Carbon Credit Exchange where the public can trade Carbon Credit NFTs. 

Phaeton is launching an Environmental, Social, and Governance (ESG) Bond Exchange powered by Blockchain technology, keeping with the company’s concept of positive social effect. There have been a substantial number of DeFi platforms since the introduction of Blockchain. Traditional bank transactions, lending and borrowing, and payment solutions are also available on these platforms. The business strategy of Phaeton has evolved from a standard ICO platform delivering utility tokens to the new Blockchain 3.0 Generation. Phaeton’s business strategy is comparable to Ethereum, Cardano, and PolkaDot. It provides a platform for new businesses and developers to host their operations.

Phaeton has established its Blockchain platform to make a Social Impact. It aligns with its concept of using blockchain technology to make the world a better place for all communities. Phaeton Technology is developing a Social Impact Platform with a suite of established technology and a strong management structure. The platform incubates, designs and collaborates with new and established business enterprises that address social and environmental challenges in line with the United Nations’ Sustainable Development Goals.

NFT Carbon Credit

Phaeton is launching a Carbon Credit Exchange and an Environmental, Social, and Governance Bond Exchange. Each of these exchanges enables Phaeton to promote and fund its projects while allowing third parties to establish their own. In addition to these exchanges, Phaeton will host several staking nodes that will provide passive income as they expand our datacenter network. Phaeton’s business aims in these models are to generate cash flow through transaction fees and passive income, which helps our shareholders and token holders in the end.

A carbon credit is a digital certificate representing one tonne of CO2 emitted annually. These are known as ACCUs in Australia (Australian Carbon Credit Units). Carbon credits are divided into two categories: regulated and optional. Credits generated and purchased under cap-and-trade, which expire if not used, make up the regulated market. On the other hand, voluntary credits expire when an individual or organization decides to use them to offset a unit of pollution. While the regulated market already accounts for most of the carbon credit market, there are considerable obstacles to overcome as we move forward with the regulated sector.

Phaeton will speed up the trading of emission-reduction credits through worldwide markets by tokenizing Carbon Credit Units into TNFTs (Tangible Non-Fungible Tokens). At the same time, it provides real-time transparency, fast settlement, and greater liquidity. Being a part of a digital currency ecosystem brings many other benefits. Investors can exchange TNFT Carbon Credits minted and placed on the Exchange. With so many Defi platforms on the market, Phaeton opted to concentrate on a single market segment: “the Bond Market.” It will aid in funding Phaeton’s projects, which include Green Modular Data Centers, Smarter Housing, and Solar Farms. The Phaeton ESG Bond Exchange, on the other hand, is open to the general public and governments.

Phaeton ESG Bonds

Phaeton is launching a Blockchain-based Environmental, Social, and Governance (ESG) Bond Exchange. There have been many DeFi platforms since the introduction of Blockchain. Traditional bank transactions, lending and borrowing, and payment solutions are also available through these platforms. With so many Defi platforms on the market, Phaeton chose to concentrate on a single sector: “the Bond Market.” It will assist Phaeton in financing Green Modular Data Centers, Smarter Housing, and Solar Farms projects. The Phaeton ESG Bond Exchange, on the other hand, is open to the general public as well as governments.

Long-term projects are financed via bonds. Instead of using traditional financing sources to finance acquisitions and significant purchases, companies issue bonds. Governments frequently use bond investments to fund large-scale infrastructure projects. Both buyers and issuers benefit from the bond market since it helps maintain financial stability. In addition, the bond market is a more stable backstop for producing wealth when the stock market experiences a correction. 

Phaeton has attracted much attention as a result of its rapid growth. As a result, three stockbroking organizations, including the ASX (Australian Stock Exchange), TSX (Toronto Stock Exchange), and NASDAQ (National Association of Securities Dealers Automated Quotations), have recently approached Phaeton about listing on the Stock Exchange. The latter is what Phaeton is chasing.