{"id":18741,"date":"2021-04-07T08:05:19","date_gmt":"2021-04-07T07:05:19","guid":{"rendered":"http:\/\/bitcoinprbuzz.com\/?p=18741"},"modified":"2021-04-07T08:05:19","modified_gmt":"2021-04-07T07:05:19","slug":"xels-launches-eco-conscious-blockchain-platform-for-carbon-offset-credits","status":"publish","type":"post","link":"https:\/\/wire.bitcoinprbuzz.com\/xels-launches-eco-conscious-blockchain-platform-for-carbon-offset-credits\/","title":{"rendered":"XELS Launches Eco-Conscious Blockchain Platform for Carbon Offset Credits"},"content":{"rendered":"
Bitcoin Press Release: <\/b>Blockchain-based carbon offset platform XELS provides global access to the decentralized carbon market and its ERC20 token will launch on Bittrex Global on April 8th, 2021.\u00a0<\/span><\/i><\/p>\n <\/p>\n 7th April 2021,<\/b> Tokyo, Japan<\/b> \u2014 <\/span>XELS<\/span><\/a> is one of the leading startups tackling climate change by increasing participation and transparency in carbon markets, listed its eponymous XELS token on Bittrex Global on April 8th, 2021.\u00a0<\/span><\/p>\n <\/p>\n XELS<\/span><\/a> will provide both businesses and individuals access to a blockchain-based carbon offset <\/span>platform, initially focused on tokenized voluntary carbon offset credits. These credits are increasingly attractive to companies that want to show consumers they\u2019re serious about <\/span>reducing their carbon footprint.<\/span><\/p>\n <\/p>\n Since the birth of carbon markets following the Kyoto Protocol and Paris Agreement, fraud has <\/span>hindered the effectiveness of carbon credit sales and trading. Bad actors sometimes sell fake or <\/span>expired credits, and \u201crecycling\u201d fraud had led to the double spending of unretired credits. Carbon <\/span>markets are the perfect use case for blockchain\u2019s distributed ledger technology, as transactions <\/span>cannot be modified, reversed, or duplicated. Tokenized carbon credits can also be \u201cburned,\u201d <\/span>with a public transaction hash proving it has been retired forever.<\/span><\/p>\n <\/p>\n XELS founder and CEO<\/b> Takeshi Nojima explains the XELS vision:\u00a0<\/span><\/p>\n <\/p>\n \u201c<\/span>We believe that decentralization is the only way that carbon markets can work effectively. XELS will enable the industry to maintain open, transparent records – from generation, to sale, to retirement. Making it easy for corporations to transparently offset their carbon without fear of fraud will make them even more willing to combat global warming, and it will pay dividends as far as consumer trust that they’re truly intent on making a difference for the environment.\u201d<\/span><\/i><\/p><\/blockquote>\n <\/p>\n XELS<\/span><\/a> will exist as a platform token that will be used to access a future suite of stablecoins that <\/span>are pegged to various industry-standard voluntary carbon offset credits. In the future, the <\/span>company also seeks to offer \u201ccompliance\u201d credits, which are heavily regulated under national <\/span>cap and trade agreements.\u00a0<\/span><\/p>\n <\/p>\n Japan lags behind European nations, where businesses are compelled to buy compliance credits to avoid heavy taxes. XELS is already in talks with numerous listed companies in Japan that are keen to get on board with Prime Minister Yoshihide Suga\u2019s target of reaching net zero domestic emissions by 2050.<\/span><\/p>\n <\/p>\n While XELS will exist as an ERC20 token at launch, the company is cognizant of concerns <\/span>surrounding the high energy consumption associated with Ethereum, Bitcoin, and other <\/span>cryptocurrencies.<\/span><\/p>\n <\/p>\n Later this year, XELS will migrate to a proprietary, low-energy blockchain that the company has been developing since 2017. XELS Chain takes a hybrid proof-of-stake and proof-of-work approach, while enabling users to run a full node on a basic laptop without the need for power-hungry mining hardware<\/span><\/p>\n <\/p>\n From <\/span>April the 8th, 2021<\/b> the XELS platform token will be available to trade on leading cryptocurrency exchange <\/span>Bittrex Global<\/span><\/a>. <\/span> Businesses or individuals interested in accessing the decentralized carbon market of the future with XELS, can contact <\/span>offset@xels.io<\/span><\/a> for more information.<\/span><\/p>\n <\/p>\n Media Contact Details\u00a0<\/b><\/p>\n Contact Name<\/b>: Mitch Hammer<\/span><\/p>\n Contact Email<\/b>: <\/span>pr@xels.io<\/span> \u00a0<\/span><\/p>\n Learn more about XELS –<\/b> https:\/\/www.xels.io\/<\/span><\/a><\/p>\n Buy XELS on Bittrex Global –<\/b> https:\/\/global.bittrex.com\/<\/span><\/a>\u00a0<\/span><\/p>\n Follow XELS on Twitter<\/b> – <\/span>https:\/\/twitter.com\/xels_PR<\/span><\/a>\u00a0<\/span><\/p>\n Join the XELS community on Telegram<\/b> – <\/span>https:\/\/t.me\/xelscoin<\/span><\/a>\u00a0<\/span><\/p>\n Find XELS on Facebook<\/b> – <\/span>https:\/\/www.facebook.com\/XELS-COIN-1867938109912219\/<\/span><\/a>\u00a0<\/span><\/p>\n <\/p>\n XELS is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.\u00a0<\/span><\/i><\/p>\n <\/p>\n About Bitcoin PR Buzz<\/b>\u00a0<\/span><\/p>\n Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 9 years. Get your <\/span>Bitcoin Press Release Distribution<\/span><\/a> today.<\/span><\/p>\n\n\n","protected":false},"excerpt":{"rendered":" Bitcoin Press Release: Blockchain-based carbon offset platform XELS provides global access to the decentralized carbon market and its ERC20 token will launch on Bittrex Global on April 8th, 2021.\u00a0 7th April 2021, Tokyo, Japan \u2014 XELS is one of the leading startups tackling climate change by increasing participation and transparency in carbon markets, listed […]<\/p>\n","protected":false},"author":18233,"featured_media":18742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jf_save_progress":"","_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":""},"categories":[1673],"tags":[30,1816,1815,1814],"yoast_head":"\nTokenized Carbon Credits<\/b>\u00a0<\/b><\/h1>\n
Tackling Fraud With Blockchain<\/b><\/h1>\n
The XELS Token<\/b><\/h1>\n
Reducing Blockchains Carbon Footprint\u00a0<\/b><\/h1>\n
\n<\/span><\/p>\n
\n<\/span><\/a>Contact Phone<\/b>: +81 80 9400 0536<\/span><\/p>\n