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“People Can Trade and Invest in Carbon Credits” Founder Creduce, Shailendra Singh Rao

“People Can Trade and Invest in Carbon Credits” Founder Creduce, Shailendra Singh Rao

In conversation with Urvi Srivastava editorial team, BW Businessworld, Founder Creduce, Shailendra Singh Rao talks about the role of digital tokens in easing climate change, the launch of ‘Kichi’ and the future of green tokens in India .

How will digital tokens ease climate change?

With a lack of worldwide recognition on climate change efforts, there is also a lack of token confirmation. Dual accounting is a challenge to authenticity, creating confusion and potential for fraud in the case of tokens. With digital blockchain, these tokens will be used substantially without duplication, and provision will be made to authenticate each token and metadata. Single carbon credit will no longer be taken in multiple ledgers.

Furthermore, with the launch of carbon credits-based sustainable block chain tokens, people can trade and invest in carbon credits and contribute to a greener environment from the comfort of their homes. Sustainable green tokens will democratize efforts towards climate change. Essentially we have to say that by digitizing efforts the direction will be right, clear and purposeful

How did the idea for KICHEE come about? How will it help with the issue of climate change?

To counter dual accounting, make carbon trading digital, democratic and decentralized, KICHEE was born. The objective was, essentially, to ensure everyone’s participation in the process of carbon mitigation.

challenge:

Climate change, a priority for almost every government

We currently have the ability to offset only one-fifth of our emissions through carbon credits which are unable to address the current climate-related problems.

opportunity

crypto that saves the environment

To keep global warming below the required level, we have to remove greenhouse gases from the atmosphere. The goal is to remove at least 100 times as much by 2050.

Credit supply is expected to outpace demand, resulting in interesting price dynamics.

Key Features of Kichi

Each KICHEE token represents an average emission of 100 kilograms of CO2 or equivalent in a given year.

It is backed by Certified Carbon Credits on a 1:10 basis.

KICHEE will be linked to audited CO2 reduction projects like renewable energy, water credit, methane prevention, plastic recycling etc.

How receptive are people to digital tokens? What can be done to make them more acceptable?

We can create a lot more awareness of these tokens which are a healthy combination of technology and climate change. Perpetual digital tokens offer attractive returns, which are better than volatile stock markets.

These also help in creating good asset credit for the investors. With low potential volatility, these tokens, which are primarily ‘green money’ or ‘green assets’, are a stable investment.

KICHEE is one step ahead of carbon credits. We are aiming to not only engage large institutions, but ensure that everyone can help fight the carbon credit battle.

How much more people are willing to adopt digital tokens globally as compared to India?

Even though investors are still waiting for an official verdict on cryptocurrency exchanges in the country, Indians are leading the rest of the world when it comes to cryptocurrency adoption. According to reports, India has the highest number of crypto owners in the world, followed by the US and Russia. Not only this, India’s market has grown by 641% in comparison to the last one year. This opens up a huge market potential for India.

KICHEE has a first mover advantage in the green token space. Players as big as KICHEE are not coming. There is a potential group of investors. KICHEE has suitable products, the products and processes are impeccable and unbeatable in technology and price. There is a verifiable wealth and asset creation opportunity through this green token.

What problems do companies face with digital tokens like KICHEE?

When it comes to early adoption, it is an opportunity as well as a risk. People need to be there first, or else they will face the hurdle of bitcoin. It will take some time for these tokens to have some value.

Lack of awareness among youth as well as existing investors

It is a completely new asset class for individual investors. They need to be made aware of the benefits. These are green digital investments where an activist and investor combo is available.

Millennials, if targeted properly, can be a new investor class as they are always on the lookout for new investment classes.

What is the future of Green Tokens in India?

India is ushering in the green energy revolution by ensuring availability of clean and efficient energy supply. Due to the presence of various local platforms like CoinKuber, CoinDCX, and others, India is the second largest local crypto trading economy.

Our world can continue to invent and create without risking our air and water. Not only does this sound concrete, but it should be the responsibility of the individuals who ultimately create the bitcoin and blockchain venture.

The first step in encouraging more innovation and disruption in the renewable sector is to create a self-sustaining enterprise in the crypto and blockchain sector. Blockchain and cryptocurrencies have led the way for this generation’s industrial revolution, and we must give it the best chance of succeeding if we are to transfer the baton to the next generation.


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“People Can Trade and Invest in Carbon Credits” Founder Creduce, Shailendra Singh Rao

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