This Project is Changing the Way EV Drivers and Charging Stations Access Carbon Credits – 10x Potential?
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New crypto presale project C+Charge is hoping to help drive mass adoption of Electric Vehicles by offering carbon offsetting rewards to drivers while they charge their cars.
The project - which only launched this week and is selling CCHG tokens for just $0.013 each - will allow users of their mobile app to earn carbon credits as they recharge their EVs.
C+Charge also wants to make charging stations more uniform in their pricing and with the method of payment.
What is C+Charge?
C+Charge is a mobile app that will allow users to not only find EV charging stations quickly and efficiently but earn carbon credit rewards as they recharge.
While EV sales have sharply increased in recent years, the vast majority of drivers still have fossil fuel vehicles, with many unwilling to make the switch due to costs and the inefficiency and inconvenience of recharging.
There are fewer than 2 million charging points worldwide and thousands more a needed to truly drive mass adoption, despite some governments setting deadlines for fossil fuel car sales.
Furthermore, while fossil fuel prices are relatively regulated and at least known by customers, charging prices can vary wildly depending on the provider, as can the method of payment.
C+Charge wants to fix those issues by allowing payment in CCHG tokens and creating a more uniform price so EV drivers are not stung when they reach a charging point.
The project will also incentivize EV ownership by allowing users to earn carbon credit rewards while they charge. Carbon credits are permits that allow one ton of CO2 to be emitted into the atmosphere in exchange for funding eco-friendly projects or businesses around the world.
For example, Tesla is able to make billions annually by selling carbon credits to other firms, who use it to offset their own carbon footprint.
C+Charge wants to make the voluntary carbon market - which is set for exponential growth in the next decade - more accessible to individuals. By offering carbon credits, it not only allows users to earn rewards, but allows them to offset their carbon footprint, and the carbon footprint of charging points, which are often linked to national grids.
The project has partnered with Flowcarbon, which has already been backed with more than $70 million of investment in a venture capital funding round earlier in 2022, with the likes of a16z, Samsung Next and Invesco all providing funds.
Flowcarbon provides the Goodness Native Token (GNT) which is 1:1 backed with a carbon credit from a carbon removal or renovation project.
C+Charge has also seen large backing in earlier angel and private sales, with 360° Crypto Economy spending $250,000 to help develop the project. They have already agreed on a partnership with Perfect Solutions Turkey, with the company already owning 20% of charging stations in that country.
How Does C+Charge Work?
Users log into the C+Charge app which acts as a hub for their EVs - charging and fuel station managers can also use it to manage owned charging points.
The app contains a network or stations either owned or operated by C+Charge and provides drivers with a geolocation finder to show close charging points.
C+Charge provides information on pricing and waiting time, as well as diagnostics on if the charging point is currently in operation.
The app also acts as a wallet to buy and hold CCHG tokens, which can then pay for their recharge.
A tracker will keep a history of charges and carbon credits earned, while CCHG are burned (removed from the blockchain) after use, making the project's supply deflationary.
Operating on the blockchain means that all transactions are transparent and immutable, while the Binance Smart Chain is also one of the smartest and most efficient around.
C+Charge Tokenomics, Team and Presale
The CCHG presale has only just launched with tokens now on sale for $0.013 each.
There will be four presale rounds in total with each stage seeing an increase in price, with 40% of the max 1 billion supply allocated to the presale. The presale has a hard cap of $6.6 million and there is no vesting period on presale tokens.
The stages change as follows:
|Phase||Price||% of presale tokens||Number of Tokens||$ Value|
As mentioned above, earlier angel and private sales have already taken place and account for 7% of the total supply.
The remaining supply is split between the ecosystem (15%), community (10%), founding team (5%), partners and advisors (10%), environment and charity (5%) and exchange liquidity (8%).
Ryan Fishoff, CEO of the American Wealth Mining Corporation, a publicly traded company, is also the CEO of C+Charge. He leads an experienced and doxxed team that have been KYC verified by CoinSniper, while the CCHG token smart contract has been audited by SolidProof.
CCHG Prediction – 10x Returns?
CCHG would only need to reach $0.13 from its current price of $0.013 to reach a 10x return for investors.
While the crypto markets have struggled throughout 2022, getting in early on presales has been one way to beat the bear, with new projects offering tokens at below-market value to secure funding and interest.
Indeed, those who invest now will be guaranteed 80% returns before the token even reaches its IEO.
The carbon credit market is expected to be worth almost $2.5 trillion in the next five years and ESG investing is one of the hottest new asset classes for conscientious investors.
Add in CCHG's robust tokenomics and it seems more than possible the token could make massive returns.
CCHG, which is also deflationary, at $0.13 would need a market cap of only $130 million or less, which is smaller than a meme coin project such as Dogelon Mars ($160m at the time of writing) that offers little real-world utility.