XELSPrice

(XELS)

XELS is a blockchain-based project that focuses on environmental sustainability by integrating distributed ledger technology with global carbon markets. Based in Tokyo and Hong Kong, the project was founded to address issues of transparency and fraud within the carbon credit industry, such as the double counting or selling of illegitimate credits. The primary mission of XELS is to provide a credible and efficient platform for corporations and individuals to manage and reduce their carbon footprints. The ecosystem utilizes a combination of advanced technologies, including artificial intelligence and satellite imagery, to accurately measure and verify carbon offsets. This technical approach allows the platform to quantify the actual impact of reforestation efforts and land protection projects. By using blockchain, XELS ensures that every carbon credit is unique, traceable, and cannot be duplicated. Once a credit is utilized to offset emissions, it is retired or burned on the blockchain, providing a permanent and public record of the transaction. A key feature of the project is the tokenization of carbon credits. These credits are often minted as non-fungible tokens or NFTs, which serve as immutable proof of ownership. This digital approach simplifies the process for businesses to interact with both voluntary and compliance-based carbon markets. The project has also developed its own proprietary infrastructure known as the XELS Chain, which is designed to be a low-energy blockchain. This custom network employs a hybrid consensus mechanism aimed at being significantly more energy-efficient than traditional mining-heavy blockchains. The native XELS token serves as the central utility asset within this ecosystem. It is used to access the platform's features, facilitate the minting of carbon-backed digital assets, and participate in sustainability disclosures. Users may also use the token to interact with various ecosystem tools and potential governance mechanisms. By requiring the use of the token for disclosures, the project aims to ensure that the information shared on the platform is legitimate and verified. The project is led by founder and CEO Takeshi Nojima and operates with the vision of making carbon offsetting as simple and transparent as possible. Through partnerships and ongoing technical development, XELS seeks to align corporate incentives with global climate goals, helping to build a more accountable and eco-friendly future for the digital economy. Learn more

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