KyotoProtocol.io, a new, decentralized carbon-credit decentralized finance protocol and marketplace, launched its KYOTO token on June 30 through a fair launch mechanism. The launch sold out in less than nine hours and totaled 2,388,750 Binance USD (BUSD) — the largest of its kind on BNB Chain.
The KyotoProtocol.io’s launch’s key mission was to help crypto participants save the planet by bringing a carbon-credit market on-chain and providing some of the highest reward opportunities in the crypto space.
Ashton Hunt, founder and CEO of KyotoProtocol.io, said, “Reflecting on how, just recently, we were embarking on the go-to-market phase of KyotoProtocol.io, it’s astounding to see our efforts reaching their denouement with the hugely successful launch of the KYOTO token. It’s a testament to the hard work and passion gone into the project [by] all key stakeholders, and it’s evident that the mission and vision of KyotoProtocol.io resonates with crypto investors. We look forward to facilitating investors being able to get paid for helping save the planet, and we look forward to all the exciting things in store for KyotoProtocol.io — the real journey starts now.”
Incentives for saving the planet
The main selling point of KyotoProtocol.io is 916.47% APY on KYOTO for the first 12 months. Rewards are issued to participants every 15 minutes, or 96 times daily, with auto-staking and rebase systems. The project aims to win a large share of the carbon credit market and offer more incentives than any other.
The project’s compounding auto-staking mechanics make it possible to produce such high APYs, though not without a set of sub-platforms in the KyotoProtocol.io ecosystem.
Hunt said, “Soon, our community will be presented with a full-blown ecosystem powered by synthetic carbon credits on-chain, and we hope that nothing will be the same, both in Web3 and the real world. We are incredibly happy with the short yet fruitful fair launch that amounted to nearly $2.4 million and ready to take our protocol into the future.”
Tokenomics for sustainability
For the ecosystem to sustain itself and issue participants’ rewards, KyotoProtocol.io distributes 15% of buy and 20% of sell transactions. For purchase transactions, KyotoProtocol.io sends 3% to its liquidity generator, 5% to its insurance fund, 4% to The Kyoto Foundation that deals with expansion and 3% is burned to deflate the ecosystem’s tokens.
Each of these parts play a significant role in stabilizing such a liquid, fast-moving ecosystem.
KyotoProtocol.io, despite being a young crypto startup, has already received a grant and partnered with Near Protocol, an open environmental advocate and activist, and Cudos, a carbon-neutral blockchain cloud-solution provider.
Into the next phase
Reputable partnerships signify competence and trustworthiness, especially in the global and often-doubtful crypto community. Those interested in participating in the genesis stage can find the KYOTO token on PancakeSwap with a BNB and KYOTO trading pair.
On-chain synthetic carbon credits are revolutionary, but there are competitors with rebase models that offer high — but not as high — APY. Projects such as Titano, Safuu and Libero have had some success in the past, but KyotoProtocol.io is taking a new approach with immediate, real-world utility.
The carbon-credit industry is outdated, bureaucratic and requires innovation for revival. The public, too, is aware of the many downsides of traditional carbon credits. KyotoProtocol.io is transparent, trustless and rewarding for everyone — not just corporate giants.
KyotoProtocol.io aims to be the leading Environmental, Social and Governance-focused carbon-credit blockchain providing liquidity to a magnitude of clean projects building on-chain.