LandX x KlimaDAO New Partnership
LandX is excited to announce its new partnership with KlimaDAO, a DeFi that defies climate change and the center of a new green economy.
LandX Choice is joining the Klima Infinity program, which uses a stack of DeFi technologies to enable organizations to retire tokenized carbon credits and verifiably demonstrate that they have offset their carbon footprint.
Both parties have share a common vision of a sustainable future built around regenerative finance. The products are also aligned with the tokenization and bridging of real-world assets to decentralized finance
Actions speak louder than words and LandX is purchasing and retiring 400 tonnes of carbon credits using the Klima Infinity suite. Through this initiative, LandX expects to be carbon neutral in 2022 and to continue to implement a carbon-neutral strategy into the future. The openness of blockchain technology means LandX’s efforts are all transparent and verifiable.
Partnership Highlights:
LandX chose KlimaDAO for their carbon offsetting effort because they are the market leaders in on-chain carbon credits. Their efforts to date have had an impact equivalent to the planting of 89,948 hectares of forests.
LandX Choice, the LandX’s initiative to promote responsible land stewardship for a sustainable future, has announced the launch of its first sustainability program. LandX Choice programs are funded with a part of protocol fees reinvested in such sustainability programs.
The LandX Choice has committed to reinvesting in the following areas:
- education for land operators
- ESG programs and certification
- SDG certifications
- financial inclusion training
- agricultural monitoring technology
- sustainable farming tools and equipment
The emerging blockchain sector has the opportunity to disrupt traditional finance and use capital as a tool to solve systemic issues and to regenerate natural environments. As fintech evolves, there is an opportunity to do things better, and in a more fair, open, and sustainable way. It is leading the way in this new era of sustainable finance.
LandX is committed to reducing its carbon footprint and encourages other organizations in the blockchain sector to do the same. LandX is leading by example and setting the standard for sustainability in the blockchain industry.
Carbon offsetting is a process of using the capital from token purchases to fund green initiatives that counteract an organization’s greenhouse gas emissions. In simple terms, anyone can calculate how much carbon they use per year and then retire carbon credits in order to offset that impact.
About LandX
LandX is a perpetual commodity bonds protocol, providing investors inflation hedged return backed by a legal contract secured on underlying farmland. LandX makes perpetual bonds available as a liquid digital asset, offering uncorrelated, inflation-hedged diversification.
About KlimaDAO
KlimaDAO is the center of a new green economy. Built on the energy-efficient Polygon network, KlimaDAO uses a stack of technologies to reduce market fragmentation and accelerate the delivery of climate finance to sustainability projects globally.
SOURCE: BLOG
