Toucan Protocol: Nature Carbon Tonne

NCT is a liquid carbon reference token associated with the Toucan Protocol, designed to facilitate carbon offsetting. Each NCT token is backed 1:1 by a nature-based carbon token stored within the carbon pool, ensuring its value reflects real-world carbon credits. Users have the option to redeem NCT for TCO2 tokens, which can be retired on-chain, contributing to environmental sustainability efforts. This mechanism not only promotes carbon neutrality but also enhances the accessibility of carbon credits for a wider audience. The use of NCT within the Toucan Protocol creates an efficient marketplace for carbon offsets, allowing individuals and organizations to participate in combating climate change. By leveraging blockchain technology, NCT provides transparency and traceability in carbon transactions, reinforcing trust in the carbon credit system. As a part of the growing ecosystem focused on carbon reduction, NCT plays a vital role in driving awareness and action towards sustainability initiatives. Through its innovative framework, NCT supports the transition to a greener economy by enabling easy access to carbon offset solutions.