Toucan Protocol: Base Carbon Tonne

Base Carbon Tonnes (BCT) is a digital asset that represents one tonne of carbon, specifically derived from the Verra Verified Carbon Unit (VCU) registry, which includes credits issued from 2008 onward. This token is bridged through the Toucan Protocol, allowing users to convert their carbon credits into the cryptocurrency space. Verra is a leading provider of voluntary carbon credits, ensuring that each VCU is linked to actual emissions reductions from verified projects. The innovative Toucan Bridge enables users to seamlessly transition their VCUs into a fungible ERC 20 token format. This integration allows BCT to be utilized across various decentralized finance (DeFi) applications, enhancing its versatility and usability within the crypto ecosystem. BCT serves as a key component in fostering an open regenerative finance ecosystem, promoting sustainability and carbon offset initiatives. As a foundational token, it plays a vital role in connecting traditional carbon markets with the emerging world of decentralized finance. With its unique position in the market, BCT offers a new way for users to engage with carbon credits, aligning financial incentives with environmental responsibility. This token not only aids in combating climate change but also supports the growth of innovative financial solutions that prioritize sustainability.