Crypto-based EV payment system is a big application area for blockchain, so invest now in this future-proof project

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Carbon credit markets are booming as countries around the world take action to try to reduce the climate impact of their CO2 emissions. According to analysts at Refinitiv, the value of traded carbon credits increased by 164% in 2022, reaching a total trade volume of $851 billion.

Meanwhile, according to analysis by Coherent Market Insights, the market value of the global carbon credit market was around $211.5 billion in 2019 and is expected to grow to over $2.4 trillion by 2027. Carbon credits allow polluters to offset their CO2 emissions by financing carbon. -negative projects via investments in carbon credits.

But carbon credit markets remain notoriously centralized. Large players in the industry/industrial sector can buy credit in bulk. Big sellers, such as the electric car manufacturer Tesla, get to sell credits en masse. But what about individuals?

Shouldn’t there be a way for individuals to be rewarded for their climate positive actions – like owning and driving an electric vehicle instead of a fossil fuel car? Until now, the technology has not been there to democratize access to the rapidly growing carbon credit reward market.

But a new crypto startup called C+Charge is looking to change that. The fledgling company wants to realize an important blockchain use case by, for the first time, allowing electric car drivers to earn carbon credits every time they charge their vehicle.

C+Charge – Rewarding electric car drivers with carbon credits

C+Charge is developing a peer-to-peer blockchain-based electric vehicle charging payment system designed to open up the carbon credit reward market for drivers of electric vehicles, such as Tesla.

EV drivers will use C+Charge’s under-development app to pay to charge their vehicles. They will pay with C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account in the C+Charge app.

The GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco. The more EV owners charge and drive and the more CCHG they use, the more GNT they will earn.

CCHG owners also have an opportunity to earn carbon credits passively. There is a 1% tax on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them proportionally among CCHG token holders.

In addition to acting as an EV charging payment platform and a carbon credit tracker, C+Charge’s application will also help users easily geolocate nearby charging stations and will offer useful information such as real-time charging station waiting times and charging station technical diagnosis.

Visit C+Charge here

C+Charge hopes that its platform can accelerate the transition to electric cars around the world by solving key problems with current charging infrastructure – by rewarding drivers with carbon credits, by making pricing more transparent and by allowing drivers to track the operating status and wait times of nearby stations .

How to invest

C+Charge recently opened up a pre-sale of its CCHG token to fund its development, and investors have rushed to secure their wallets. In fact, a crypto whale recently banked a massive $99,000 worth of CCHG tokens in a crack, as can be confirmed here on per BscScan.

In just a few weeks since the project launched its pre-sale funding round, it has already raised over $250,000. C+Charge is currently selling its CCHG token, which will power its EV charging application, for 0.013 USDT, a deeply discounted price according to some analysts . Some have gone so far as to claim that the cryptocurrency could 10x when it launches on exchanges in just over two months.

Investors should also be aware that C+Charge is conducting a $50,000 giveaway. Investors must hold at least $100 in CCHG on the day of the drawing to be eligible to win the prize.

Buy CCHG here