Toco is a digital currency that utilizes carbon capture technology to remove carbon dioxide from the atmosphere. By converting captured CO2 into a tradable asset, Toco addresses the urgent need for effective climate change mitigation strategies.
Funding
Funding not disclosed
Founders
Product
Problem
Current economic models do not adequately value the environment, leading to insufficient investment in carbon capture and other climate change mitigation strategies. This undervaluation hinders the development of a sustainable economy that prioritizes both human well-being and planetary health.
Solution
Toco is a digital currency designed to incentivize carbon capture by representing one tonne of removed or avoided carbon dioxide. This currency aims to create a monetary system that places direct value on environmental assets, thereby encouraging climate action. Users can acquire and utilize Toco to support projects that actively remove CO₂ from the atmosphere, fostering a direct link between economic activity and environmental impact. By integrating carbon capture into a tradable digital asset, Toco seeks to drive investment in sustainable practices and promote a more environmentally conscious economy.
Target Audience
Toco targets environmentally conscious individuals and businesses seeking to actively participate in and support carbon capture initiatives through a digital currency.
Features
- Digital currency backed by verified carbon capture and avoidance.
- Transparent and auditable transactions on a distributed ledger.
- Integrates with carbon capture projects to directly represent environmental impact.
- Available for individual and business use to promote climate action.