Moss (MCO2), a blockchain carbon credit token company, recently listed on one of the world’s largest crypto exchanges, Coinbase.
Moss is a Brazilian startup that created the first carbon credit-backed token used to offset greenhouse gas emissions.
Since then, Moss has processed about $20 million in transactions and has assisted in the conservation of ~735 million trees in the Amazon through internationally verified and audited programs.
The MCO2 Token is equal to one carbon credit, or one metric ton of CO2 that is no longer emitted into the atmosphere as a result of REDD and REDD+ (Reducing Emissions from Deforestation and Forest Degradation) program.
MCO2 has already been employed by over 300 companies worldwide. Moss recently provided the offsets for One River Asset Management’s carbon-neutral bitcoin fund.
Moss has also collaborated with Brazil’s largest airline, GOL, to allow its customers to offset their emissions by purchasing the MCO2 token.
Gol has the world’s fifth-largest Boeing fleet and transports over 20 million passengers per year.
This collaboration amounts to more than 2.3 million MCO2 exchanged, or more than 2% of the total volume of carbon credits traded globally each year.