What is Carbify? Carbify Cryptocurrency Overview

What is Carbify? Carbify is a project working on Real World Assets that allows people to make profits through growing plants and playing games. At first glance, people will find it very strange and ask how the project’s model can help investors earn profits through planting trees.

Let’s analyze potential projects in the article below.

Carbify Overview

The problem arises

Currently in the world climate change is becoming a burning problem. The main cause of this largely comes from large-scale deforestation. This not only worsens the environmental situation, but it also affects residents around the ecological forests.

Organizations have taken measures to minimize this and among them is Carbon Credit. This is a type of license that allows companies that regularly emit CO2 into the environment to reduce their CO2 emissions by purchasing Carbon Credits. The money to buy this Carbon Credit is used for projects and companies that clean up the amount of CO2 emitted by the companies that own it.

Each Carbon Credit will have a limit on the amount of CO2 emitted. However, the current Carbon Credit market also faces many barriers such as lack of responsibility in explaining emissions. This means that a company may purchase Carbon Credits to offset its emissions, but the Credits could have been used to offset emissions elsewhere.

From the inadequacies in the problem and solving the problem, Carbify was established and developed with the purpose of preventing climate change, while also providing opportunities for investors through its products. .

What is Carbify?

Carbify is an array project RWA Helps connect investors, local residents, projects and organizations developing environmental protection projects. Tree planting will take place mainly in the Amazon forest, where tribes and indigenous populations rely on the forest to live and are also suffering heavy losses from forest destruction.

Carbify’s economic model will originate from “planting trees to create forests” and “greening bare land and bare hills”.. Carbify’s team of ecologists will be the ones to choose trees that are suitable for the local climate, the ecosystem of that forest segment, and species that are good for absorbing CO2.

Carbify will link up with local people and indigenous people to provide financial help, and in return they will help Carbify grow and care for those trees. Farmers can enjoy the fruits of the harvest from the trees they care for, helping to promote the food security of tribes, thereby making them more conscientious in tree care.

Mechanism of action

Each tree planted will be equivalent to 1 NFTree. There are 3 steps for users to earn profits through Carbify products.

Step 1: Invest in NFTrees. 1 NFT represents a real-life tree grown by Carbify. Users who buy a tree from Carbify will receive 1 NFTree in return. This tree will produce $aCO2 tokens (Carbon Debits) for at least 20 years. These Carbon Debits will be sold through the CO2 voluntary market. Carbify will support many ways to sell these tokens. One NFTree will absorb about 150-200kg of CO2 annually.

The current price for 1 ton of CO2 is $15. And NFT is $14.5, which means users can generate a profit of approximately 25%/year. This percentage will increase if the price of Carbon increases. One thing to note is that Carbify does not guarantee a specific revenue or ROI figure.

Step 2: Users can stake NFTs into Landplot powered by Carbify. This will double profits. For staking to work, users need to lock the project’s token $CBY. The reward for staking will be $aCO2 tokens. When unstaking occurs, $CBY will be returned minus a portion of the fee. That’s also why $CBY will become increasingly rare.

Fees are calculated as follows:

• <1 year of staking = 7.5% fee
• < 2 years of staking = 3.75% fee
• Over 2 years of staking = 1.75% fee

For each tree planted, Carbify will plant a backup tree, or what investors call “HEDGE”, in another location. This is in case of pests or natural disasters. These backup trees will still generate $aCO2 tokens and Carbify will add 100% of these tokens to the reward pool for staking rewards. As more people buy NFTree, more spare trees will be planted, resulting in more $aCO2 being generated. So the fewer people who stake, the greater the reward for the few who stake.

Step 3: Play the game Eco Empires: Battle for the Earth. This is a Carbify game, by participating in the game players can build their own village. People can buy a landplot and place their NFTree in it.

Eco Empires: Battle for the Earth

Plot of the game is inspired by tIn the not too distant future, the world is almost devastated by climate change and resource depletion. The once great civilizations of the past have collapsed, and the survivors are forced to seek resources and rebuild their lives in small communities.

However, it was only a matter of time before three tribes began to grow strong and, like humanity, fight for world domination: the Frozen Vanguard, The Stormbringers, and The Waterborne. Despite their differences, they all share the same goal: to prevent the world from completely collapsing and give Mother Earth the respect she deserves. The player will As the leader of the tribe of the faction you have chosen to endeavor to rebuild and expand your village, you must carefully manage your resources and minimize your impact on the environment. Every time you engage in an activity that causes CO2 emissions, you create a certain amount of CO2 emissions that threaten the ecosystem. To offset these emissions and protect the planet, you need to plant trees on your land to absorb CO2.

As your village grows and becomes more successful, you will have more resources and can offset a significant amount of CO2 emissions, but you will need land (Landplot) for that. The ultimate goal of the game is to become the leader of the most successful and environmentally sustainable village in the world, minimizing CO2 as much as possible. Not only will you help Mother Earth, but you will also be greatly rewarded for doing so.

In this game, players need to collect resources, build infrastructure, and expand territory for development. However, the main goal of the player is to develop technology as well as come up with strategies to reduce CO2 emissions (planting trees to create forests, greening bare land and bare hills in the game).

Each Landplot has space to grow crops in the village. NFTree will absorb CO2. Players can build armies and upgrade weapons, but that only happens when the player has offset the amount of C02 emitted from this. To speed this up, users can burn the $aCO2 token.

This is a game that not only entertains and creates demand for the $aCO2 token, but also helps players raise awareness about the environment and issues surrounding it.

Development Roadmap

Investor

The project has opened for sale in 2 phases:

• Private Sale: 5,248,829 tokens were sold for $0.20. The amount raised is: $1,049,766.
• Public Sale: 3,221,767 tokens sold for $0.25. The amount raised is: $805,442.

Core Team

Jaap Harmsma: Co-Founder

• He studied at HBO University and Invan on Tech Academy. He used to work as CTO at VulcanForged. In October 2021, he worked as an Advisor for AAG Ventures.
• December 2021 He is an Advisor for Your Open Metaverse. In December 2022, he and his colleagues founded Carbify.

William ten Zijthoff: Co-Founder

• He studied at HU University. He used to work as a manager at NLAI. In June 2021, he started his career with the Coorest Official project.
• In January 2023, he co-founded Greenshift Studio, which is also the time he co-founded Carbify.

Toby Wagenaar: Co-Founder

• He graduated with a bachelor’s degree from two universities, NHL and Politiecademie. He used to work as CTO at VulcanForged.
• He used to work as an operations specialist at Polite Nederland. In December 2022, he and his colleagues founded Carbify.

Tokenomics

Overview of CBY token

• Token name: Carbify
• Code: CBY
• Blockchain: Polygon
• Token classification:
• Contract: 0xb6a5ae40e79891e4deadad06c8a7ca47396df21c
• Total supply: 50,000,000

Token Allocation

• Staking & Community Participation: 7.5%
• Team & Staff: 15%
• Partners: 5%
• Private Sale: 10%
• Advisor: 2.5%
• Liquidity & Exchanges: 5%
• Development Treasury: 20%
• Community & Ecosystem: 35%

Token Release

When users buy NFTrees they will also buy $2.5 CBY. Community Ecosystem pool will be the place to distribute these tokens. And this money will be used by the team to develop the project.

• Staking & Community Participation pays 100% at TGE
• Team & Staff locked for 12 months
• Partners locked for 12 months
• Private Sale pays 100% at TGE
• Advisor: 2.5%
• Liquidity & Exchanges pays 100% at TGE
• Development Treasury vesting 36 months distributed daily.
• Community & Ecosystem: 35%

Token Use Case

The project’s CBY token will be used for the following:

• Stake CBY to increase NFTree rewards
• Buy in-game items
• Buy NFTs on the marketplace

Exchanges

People can buy CBY through UniSwap V3.

Project Information Channel

• Twitter: https://twitter.com/Carbify_io
• Telegram: https://t.me/carbify
• Website:

Summary

With its unique model, Carbify is entering a very specific niche and there are almost no other projects on the market. Hopefully through the article, everyone has an overview of what Carbify is?