⚙️EcoCREDIT Token Utility

EcoCREDIT tokens are the protocol native scarce asset that serves as the medium of exchange for applications that use EcoCREDIT for tokenized carbon offsets. At the time of launch, there will be a total of 100,000,000 EcoCREDIT tokens in existence. We use a small portion of the proceeds derived from the sale of tokenized carbon offsets to buy back and burn the EcoCREDIT native token. This feature makes the EcoCREDIT token deflationary in nature. EcoCREDIT token holders will have a stake in any franchised application supported by EcoCREDIT directly, making it a powerful tool for gaining exposure to the growing EcoCREDIT sustainable ecosystem. The first franchised application for EcoCREDIT, Ecolands, is a great example of how sustainable applicaitons can use the EcoCREDIT token to incentivize their communities. You can learn more about Ecolands further below in this Gitbook.