Now you can have your CO2 emissions easily sequestered and absorbed in a win win for you and the planet. Find out how!
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
Each GAYA represents 1 metric ton of CO2 absorption over 12 months, and is assigned to a defined geolocation with a satellite image defining area of absorption.
With this transaction, you not only paid to have your CO2 carbon footprint securely, accurately and transparently absorbed, but have provided revenue to the Convertors to further protect, enhance and expand their carbon sinks.
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.