👨‍🌾Onboarding of farmers and green projects

Coorest realizes that the majority of the farmers and green projects around the world have no access to carbon markets although they capture and lock great amounts of carbon. Therefore, a free-of-charge onboarding process has been created to allow these projects to monetize their absorbed CO2. All projects that comply with the CCS requirements can be onboarded. The Coorest team calculates carbon sequestration based on the CCS methodology and requests project tree data on a yearly basis to validate these calculations. Compliance and continuity of all projects are warranted via satellite data that is directly fed into Coorest smart contracts that handle the CO2 token minting. Removal of trees will be detected and will activate an automated mintlock, preventing a dilution of unbacked CO2 tokens. After passing the due diligence and KYB, farmers and green projects receive a NFTree representing their area planted with trees and CO2 absorption. This NFTree allows them to claim their CO2 tokens via the Coorest platform. The projects are in full control of their own CO2 tokens and can monetize them under their own conditions ensuring maximum value for their efforts.