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Numbtoshi
@numbtoshi
KlimaDAO Fair Launch - Intro FAQ "Markets are superb at setting prices, but incapable of recognizing the price of their success." What is Klima 2.0? Klima2.0 is a redesigned decentralized carbon market aimed at enhancing carbon pricing, retirement, and offset mechanisms. Our new model introduces a bond market, an economic governance token $KlimaX, a synthetic pricing model for carbon credits, and an Automated Asset Manager (AAM) that facilitates pricing and liquidity for tokenized carbon assets via $KLIMA. The functionality of Klima2.0 will live within the Klima Protocol. What is an AAM? An Automated Asset Manager (AAM) is a collection of smart contracts that facilitate pricing and trading of assets. Klima is applying this technology to carbon credits. The AAM enables carbon asset issuers to access deep liquidity through synthetic pricing of real-world assets (RWAs) using $KLIMA and $KlimaX. The AAM pays for carbon credits, and resells the credits as offset retirements - all txs settled onchain via $KLIMA.
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Numbtoshi
@numbtoshi
What is the Fair Launch? The Fair Launch is a program to transition the restructuring of the legacy $KLIMA token. Legacy $KLIMA holders can stake their legacy tokens to receive the new Klima 2.0 tokens ($KLIMA + $KlimaX). New $KLIMA is distributed pro-rata upon relaunch, calculated as a share of $KLIMA staked. $KlimaX is distributed pro-rata upon relaunch, calculated as share of points accrued. Stake early and earn more points. Stake longer, earn more points. Unstake, and an increasing share of legacy $KLIMA are burned. Points lost from unstaking are redistributed to the remaining stakes. Any legacy $KLIMA not staked will not be eligible for new $KLIMA on relaunch. What if I don't stake? Unstaked legacy $KLIMA tokens will maintain their 1:1 BCT backing, but will not receive any allocation of new $KLIMA or $KlimaX tokens. Why wouldn't I stake? To maintain an option on short-term legacy $KLIMA price volatility.
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