# Bitcarbon Intro

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. 

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**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.


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