Description
Carbonic Finance is an algorithmic stablecoin protocol bringing sustainability to the Polygon ecosystem through carbon-backed treasury reserves. Inspired by Tomb Finance, the Carbonic protocol uses seigniorage mechanisms to ensure price stability and to enable bonding $BCT carbon credits, locking carbon in its carbon reserve in liquidity with $CO2. By pegging the protocol to the price of $BCT, Carbonic can algorithmically represent the value of more tonnes of carbon removed from the environment with an elastic supply of $CO2. This representation can also generate yield opportunities with seigniorage.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Carbonic has established itself as a formidable player. It is currently ranked #6,999 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Carbonic as a viable digital asset.
Tokenomics
The tokenomics of Carbonic consist of a total supply of 1,000,000,007,960 tokens, out of which 850,000,006,766 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Carbonic tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, SafePal, QuickSwap. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Carbonic, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in Carbonic with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
