Carats Ecosystem
  • Intro to the Carats Ecosystem, a DAO governed by Bitcarbon
  • CARATS
    • Carats Intro
    • Ecosystem Overview
    • Carats Details
      • Carats Key Features
      • Carats are Commodity Tokens
      • Decentralized, User Managed Reserve
      • Carats Creation
      • The Carats Ratio
      • Carats Redemption
      • Carats Integration to Investment Products
      • Multi-blockchain; Liquidity
      • Recourse and Law Enforcement
      • Regulatory Oversight
      • Money Transmitter Considerations
      • Carats vs. Gold, Bitcoin, and Tether
      • Carats Commodity Architecture
      • Carats Benefits and Use Cases
      • Improving Upon Stablecoins
      • Carats Tokenomics
      • Carats White Paper
    • Liquidity Provision
  • CARATS.CC (MOBILE APP)
    • Mobile App Overview
    • Mobile App Details
      • Platforms and Regions
      • Buying Carats
      • Sending Carats
      • Selling Carats
      • Selling Carats for Local Currency
      • Advanced Features
        • Security & Backup
        • Two Party Escrow
        • Exporting and Restoring Your Wallet
    • White Label Carats Apps
  • BITCARBON
    • Bitcarbon Intro
    • Carats Access & Discounts
    • Value Accrual
    • Bitcarbon Details
      • Bitcarbon: The Governance Token for the Carats Protocol
      • Bitcarbon Governance Process
      • Trading Bitcarbon
      • Contemplated Additional Features
      • Bitcarbon Tokenomics
      • Bitcarbon Sale
  • TECHNICAL RESOURCES
    • Smart Contract Addresses
    • Smart Contract Audits
    • Carats API Guide
    • Carats Bridge
  • COMMUNITY
    • Media Coverage
    • Sites & Community
  • LEGAL
    • Carats User Agreement
    • Carats Platform Terms of Use
    • Privacy Policy
  • RESOURCES
    • Brand Kit
      • Carats Logos
      • Bitcarbon Logos
      • Graphics
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  1. BITCARBON

Bitcarbon Intro

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Last updated 8 months ago

Bitcarbon is the governance token for the Decentralized Autonomous Organization (DAO) that oversees the operations of the Bitcarbon Foundation. This foundation is responsible for managing the Carats Smart Contract, which distributes Carats to fund ecosystem activities.

The Bitcarbon Foundation administers custody services for the Diamond Standard commodities backing the Carats reserve, and drives the development of the Carats protocol and its ecosystem. Additionally, it handles marketing efforts for Carats and works with advisors, employees, and service providers to support the operation.

BITCARBON Rights and Features

  • Governance and Access: BITCARBON is the governance token for the Bitcarbon Foundation and the Carats Smart Contract. It also provides access to the Carats ecosystem, including exclusive access and discounts for institutional partners.

  • Carats as Digital Commodity: Carats, issued by Diamond Standard Coins and Bars, are classified as digital commodities, making them exempt from many virtual currency regulations. They facilitate Web3 payments, remittances, and transactions within social networks, offering a decentralized, macro-hedged alternative to stablecoins.

  • Carats Smart Contract: The Carats Smart Contract manages the creation and redemption of Carats, while also generating fees to cover the custody of the Diamond Standard commodities backing Carats.

  • Fixed Supply: BITCARBON has a fixed supply of 10 billion tokens, with no inflation.

  • Staking Opportunities: In the future, Bitcarbon holders will be able to stake their tokens to unlock features and gain exclusive access to services within the ecosystem.