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You’ve Bought an EV But How Do You Earn the Carbon Credits? This Crypto Will Help – Where to Invest

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Electric vehicle (EV) earners will soon, for the first time, have the opportunity to earn carbon credits every time they charge their car. That’s thanks to C+Charge, a new start-up that is building a crypto-based electric vehicle charging payments platform designed to democratize the carbon credit markets in favor of EV owners and improve the charging experience.

C+Charge hopes that by rewarding EV owners with carbon credits when they charge, it can bring a new wave of EV buyers to the space. Given the pace of recent growth in the carbon credit market, as countries race to address climate change, C+Charge could be a big hit. According to analysts at Refinitiv, the value of carbon credits traded increased by 164% in 2022, reaching a total trading volume of $851 billion.

Meanwhile, according to analysis from Coherent Market Insights, the market cap of the global carbon credit market was around $211.5 billion in 2019 and is expected to grow to over $2.4 trillion by 2027. But the carbon credit market has a big problem. Its centralization and concentration.

The carbon credit market remains dominated by big players and remains largely inaccessible to individuals. Big manufacturing/industrial sector players get to buy credits on mass. Big sellers, like electric vehicle (EV) maker Tesla, get to sell credits on mass. Up until now, technology hasn’t been there to democratize access to this rapidly growing market. But C+Charge is looking to change that by harnessing the power of the blockchain.

What is C+Charge?

C+Charge is developing a peer-to-peer blockchain-based payment system designed to open up the carbon credit reward market to the drivers of EVs, like Tesla. 

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EV drivers will use the C+Charge application to pay to charge their vehicles. They will pay using C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app. GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco.

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The more EV owners charge and drive and the more CCHG they spend, the more GNT they will earn. CCHG also have an opportunity to earn carbon credits passively. There is a 1% tax on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them proportionately amongst CCHG token holders.

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As well as acting as a payments platform for EV charging and a carbon credit tracker, C+Charge’s application will also help users easily geolocate nearby charging stations and will offer useful information such as real-time charger wait times and charging station technical diagnosis.

Visit C+Charge Here

Get CCHG in Presale Now

C+Charge, which is currently being touted as one of the best green crypto projects in on the market at the moment, is currently raising funds via a presale of the CCHG token that will power its payment platform. 40% of the token’s maximum supply of 1 billion will be made available to the public over the next few weeks.

At present, tokens are currently on offer for $0.013 each, but will rise to $0.02350 over the course of four different presale stages, with C+Charge eventually planning to raise $2.08 million. Tokens are currently selling for $0.013, but this will rise to $0.02350 over the course of the presale. That means, by the end of the presale, early investors will have already bagged an 80% on-paper gain on their investment.

And investors should move quickly, as tokens are being scooped up quickly. Just around 12 hours ago, a crypto whale bagged a massive $99,177 worth of CCHG tokens in one purchase, as can be verified here on BscScan. That means that C+Charge, in just a few weeks since the launch of its presale at the end of last year, has already now managed to raise over $230,000.

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Buy CCHG here

Investors should also be aware that C+Charge is conducting a $50,000 giveaway. Investors must hold at least $100 of CCHG on the day of the draw to be eligible to win the prize.

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Some analysts think that C+Charge has the potential to deliver 10x returns for early investors.