We welcome you!
This is your opportunity to generate revenue through the carbon absorption capacity of your carbon sink. Find out how!
Here are two things you need to know as a Convertor
about the OXÏ-ZEN Blockchain platform
We measure the CO2 absorption capacity over 12 months, whereby 1 metric ton of CO2 absorption over 12 months is represented as 1 GAYA. A green GAYA represents 1 metric ton absorption through a terrestrial carbon sink, whereas a blue GAYA represents 1 metric ton absorption through a marine carbon sink.
Each GAYA sold on OXÏ-ZEN is unique and is linked to a specific geo-location complete with a satellite image outlining exactly Where, When and How the 1 metric ton of CO2 was absorbed. Multiple sales of the same GAYA is therefore impossible. Duplication of a GAYA is impossible. All GAYAs on OXÏ-ZEN are based on a single scientific metric regardless of where on the planet, in which country, and who the owner of the carbon sink is.
Each Convertor sets their own price for 1 GAYA, which takes into account a cost for their service, overall supply and demand for absorption, as well as their maintenance costs. GAYAs are directly bought from Convertors using our payment token called COOÏ.
COOÏ is the only and exclusive currency, or payment token, used on OXÏ-ZEN. The maximum amount of COOÏ that will be generated is limited to 500m COOÏ, and will be available on participating e-Exchanges and through participating Banks. The value of COOÏ to fiat currencies is determined by the supply-side amount of GAYA available on the platform, the prevailing spot market price of CO2 and the overall demand for GAYA, i.e. global demand for verified CO2 absorption.
It is not open to speculation and arbitrary valuation as other currencies or payment tokens.
What are GAYA and COOÏ?
Discover the advantages of our scientific methods and ease of payment
- Select your Carbon Sink
Identify and select your carbon sink, i.e. forest / wetland / marine area etc. Provide requested information package and geo-location of area to OXÏ-ZEN.
We perform an initial carbon absorption assessment using satellite data linked to Global Carbon Sink Model.
- Prepare for Audit
- Audit Protocol is executed by independent third party auditors in-situ. Auditor confirms various parameters, including legal ownership of carbon sink, physical carbon sink inventory, soil analysis and more.
- Confirmation of CO2 Absorption Capacity
- OXÏ-ZEN performs full CO2 carbon absorption analysis using latest peer-reviewed scientific methods, and provides data updates for Global Sink Model. Convertor receives OXÏ-Report with full details of analysis with verified Carbon Sequestering capacity over previous 12 months.
- Choose your Price
The now verified total carbon sequestration in metric tons of CO2 is converted into GAYA.
Convertor’s OXÏ-ZEN account is loaded with GAYAs, opened for trade, and are now available for sale to Emitters on OXÏ-ZEN. Each Convertor chooses their own price of sale, guided by the current spot market price of CO2.
The 12 month monitoring and verification process starts as soon as the convertor is successfully on-boarded and opened for trade. monitoring and verification uses combination of satellite, gis and physical sporadic inspections. At the end of 12 months, the new oxï Report is issued, with an updated and reviewed assessment and verification of carbon sequestering capacity for these 12 months.
- Generate Revenue
- Convertor receives COOÏ payment tokens for their GAYAs sold, directly from Emitters into their e-Account. No third parties and no banks are involved!
- Convert to USD / EUR...
- Convertor is free to convert their COOÏ into their preferred fiat currency through participating and approved e-Exchanges and Banks.
- Next 12 month cycle
At the end of 12 months, the next OXÏ Report is issued after a complete assessment and verification of the carbon sequestering capacity over the previous 12 months using GIS, satellite data and updated physical data based on inspections and revised audit. This Carbon Sequestering capacity is now available for sale over the next 12 months.
New GAYAs are issued to Convertor, while unsold GAYAs of previous 12 months are retired. Convertor can now trade with new GAYAs for next 12 months, which represent the new and updated CO2 absorption capacity.
With this transaction, you have been paid for the CO2 absorption capacity of your carbon sink by a CO2 Emitter.
Securely, accurately and transparently! Given that your carbon sink is generating revenue, you have a strong incentive to further protect, enhance and expand your carbon sinks.
You’re a winner,
the Emitters are winners,
the Planet is a winner,
and future generations will benefit from your actions today!
Our methodology uses the latest peer-reviewed scientific tools to accurately measure and verify CO2 absorption capacity. In fact it not only meets, but even exceeds the UN Guidelines for measuring CO2 absorptions and conversions; which means two things: One, all GAYAs issued are based on a global scientific metric, meaning that a buyer can freely and accurately choose where and with whom to offset or absorb CO2.
And two, our OXÏ-ZEN Transaction Report – our purchase receipt, which is automatically generated as part of the transaction, contains all the critical information to document the Quantity, Where, When and How the CO2 was absorbed or converted, in addition to all necessary information needed to pursue any national accreditation.
Our OXÏ-ZEN Transaction Report – our purchase receipt, which is automatically generated as part of the transaction, contains all the critical information to document the Quantity, Where, When and How the CO2 was absorbed or converted, in addition to all necessary information needed to pursue any national accreditation.