259 lines
12 KiB
Markdown
259 lines
12 KiB
Markdown
---
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layout: layouts/page.vto
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title: FAQs
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url: /faq/
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menu:
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visible: true
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order: 3
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---
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## What is DECA Token?
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DECA Token is a token backed up by <a href="https://search.deca.eco" target="_blank" >decentralized carbon credits</a>.
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The goal is to create governance for the open collective DAO and develop the
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DECA protocol as a public good that supports projects with social and
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environmental impact and avoids that CO2 gets into the atmosphere in order to
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fulfill the Paris Agreement goals.
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### How to get the DECA Token?
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Currently DECA Token has two liquidity pools at uniswap Ethereum and Arbitrum
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Networks
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* <a href="https://app.uniswap.org/swap?inputCurrency=ETH&outputCurrency=0x3556a5005d5411603e0115efd9b875fdfb3ad7e9&chain=mainnet" target="_blank"> Uniswap on the Ethereum Network</a>
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* <a href="https://app.uniswap.org/swap?inputCurrency=ETH&outputCurrency=0x02f1cb850799d651d56775dae04f66362eb8e4b2&chain=arbitrum" target="_blank"> Uniswap Arbitrum L2 Network</a>
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It is up to the comunity to provide liquidity and bridge into other Ethereum
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Layers or Dexes. If you did please contact us to verify and update this section.
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> Disclossure Agreement:
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> You should be aware of your own country cryptocurrency regulations and it is
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your own responsability to comply with the laws of your country.
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### Don't trust, VERIFY!
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**IMPORTANT:** Always verify the address of the DECA Smart contract. Here is a
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list of DECA contracts in multiple Networks:
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| Network | Contract |
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|----------|--------------------------------------------------------------------------------------------------------------------------------------------------|
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| Ethereum | <a href="https://etherscan.io/token/0x3556a5005d5411603e0115efd9b875fdfb3ad7e9" target="_blank"> 0x3556a5005d5411603e0115efd9b875fdfb3ad7e9</a>|
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| Arbitrum | <a href="https://arbiscan.io/token/0x02f1CB850799D651d56775dAe04F66362eb8e4B2" target="_blank"> 0x02f1CB850799D651d56775dAe04F66362eb8e4B2</a>|
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| Linea | <a href="https://lineascan.build/token/0x380d8b3fbdd15ad5ff4bc5fb5393fcd10dc2a68b?a=0x3D038bA1e06e1d600E3e68F0dbD7b28828786C25" target="_blank">0x380D8b3FbDD15Ad5ff4Bc5Fb5393FCd10dc2A68b</a> |
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| ZKEVM | <a href="https://zkevm.polygonscan.com/token/0x34f4e513517f7aea7d6ef797b30ed56af8000344?a=0xDDd93CEC5843f471Eb2b8B2886b2Be32555B5209" target="_blank">0x34f4E513517f7aEA7D6Ef797b30Ed56AF8000344</a> |
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| ZKSync | Unknown |
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> Notice: There might be some fake smart contracts trying to look like the DECA
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> smart contract or fake DECA tokens.
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### Can I mine DECA Token?
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DECA Token cannot be mined or minted. It is based on the ERC20 created by an
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ICO that previously backed up the DECA Token minting with Decentralized Carbon
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Credits, DECA Token has a limited supply, and its security has been audited.
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DECA Governance token will be able to be minted/mined in the future, and there
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will be the possibility to migrate DECA Token to the DECA Protocol as DECA
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Governance tokens if requested.
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## What is the difference between the DECA Token and the DECA Governance Token?
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Currently, the DECA Token works with the ERC20 standard and is used in the
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<a href="https://snapshot.org/#/decentralizedcarbon.eth" target="_blank">snapshot DAO</a>
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for governance purposes. It also includes a record of the decentralized carbon
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credits database (A.K.A decentralized backlog) which holds a record of the
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previous migrated carbon credits to back up the emissions on the DECA Token.
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The DECA Governance Token will be an updated version of the DECA token with
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added Governance feautures and tokenomics model with <a href="https://medium.com/@MarBlueBucket.AI/what-does-ultrasound-money-mean-aa6f1eb1da4" target="_blank">ultrasound money like properties</a>
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. The goal is to create a model that controls the DECA Governance Token
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minting as reward to the participants of the [DECA Minting/Mining Use Case]()
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Process, which also mints a secondary token (Carbon Token) as backup by the
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same mechanism. This secondary token represents the decentralized carbon credits
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or a reduction proof of 1 ton CO2 offset 1:1 equivalence following some ISO standards
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and technical DAO Approval.
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## More about the carbon token
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The carbon token is the representation of 1 tco2 offset, either backup by
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previously decentralized carbon credits in the early phase, or by a verified
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technical DAO Committee that approves that it was created following the ISO 14064
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standard as compliance.
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## What is the DECA Protocol?
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Since the model is very abstract, it serves many use cases. Also, the base proto
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col design intends to be modular and upgradeable if the DAO Decides to make
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changes, and thus, we consider this a base protocol that can support green
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energy and carbon offset decentralized solutions.
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## What are the DECA Offset Certificates?
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The carbon token will have inflationary and burnable properties, and in the
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event of being burned, there will be burning proof added to the DECA Offset
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Certificates (Soulbound tokens with offset tracing features capabilities)
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> Think of it as a proof of carbon offset in a certificate
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The DECA Offset Certificates are [Non-Transferable NFTs](https://vitalik.eth.limo/general/2022/01/26/soulbound.html)
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## What are carbon credits?
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Basically, they are digital assets that are equivalent to one metric ton
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(1000kg/2205 lbs) of CO2 equivalent. The different kinds of certificates (CER,
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ERU, AAU, RMU, etc.), the virtual currency of the carbon market, are called
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carbon credits or carbon offsets. In the literature, two definitions of carbon
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credits are common.
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A carbon credit is a tradable instrument that represents either:
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- A permit which gives the holder the right to emit one ton of carbon dioxide or
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equivalent greenhouse gas (tCO2e) into the atmosphere, or
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- A certificate from a project that represents the removal or avoidance of one
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tCO2e from the atmosphere.
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## What is the Paris Agreement?
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The Paris Agreement set out to improve upon and replace the Kyoto Protocol, an
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earlier international treaty designed to curb the release of greenhouse gases.
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It entered into force on November 4, 2016, and has been signed by 197 countries
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and ratified by 187 as of November 2019.
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Paris Agreement, in full Paris Agreement Under the United Nations Framework
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The Convention on Climate Change, also called the Paris Climate Agreement, or
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COP21, is an international treaty, named for the city of Paris, France. It was
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adopted in December 2015 and aimed to reduce the emissions of gases that
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contribute to global warming.
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## What are the carbon markets?
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Carbon markets arise with the intention of obtaining the necessary emission
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reductions (targets) at the lowest cost: whoever can carry out the reduction
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actions at a not very high cost performs them. Whoever costs more, buys and
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helps finance, in this way, the projects of the former: this is how the
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efficiency of the system is achieved.
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With this in mind, the European emissions trading market emerged in 2005. The
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objective was to meet the objectives established by the Kyoto protocol and for
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the European industry to contribute in the most optimal way. Each issuing
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facility had a reduction target to meet and could meet it either by making
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technological changes that would reduce its own emissions or, if that option
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was complicated and expensive, by purchasing emission rights.
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## Why should I trust DECA?
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DECA seeks to create a fair and transparent way for parties to easily
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participate in a decentralized, low-carbon economy. With DECA, individuals are
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part of the carbon credit process and can vote on the way they get generated,
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used, and allocated. This means that DECA community members can use the
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platform to enhance the scientific rigor of their local jurisdiction or to seek
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validation of carbon credit from one jurisdiction to another. The DECA Protocol
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seeks to redress the wrongs of carbon emissions by adhering to the principles of
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the protocol and by opening the process of the Paris Agreement to a worldwide
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audience.
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DECA smart contract was audited by Quantstamp, a trusted leader in blockchain
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security, and delivers end-to-end blockchain solutions for the world’s largest
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enterprises. The entire project is completely open-source and can be accessed by
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everyone.
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* 100% FOSS software
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* A community-based project
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* DAO decision-making
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* **Don't trust; verify!**
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## How does the GAS thing work on an EVM-based blockchain?
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DECA Token and DECA Protocol operate on the Ethereum blockchain and Layer 2
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blockchains, which uses a technology called the Ethereum Virtual Machine to
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execute Smart Contracts.
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As with any blockchain, you need to pay a fee to make a transaction. In
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Ethereum, the name of this fee is gas, and it is required to run processes or
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make transactions. These transaction fees are covered in Ethereum (yes, you
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must have some ether in the wallet). There are two parameters you need to set
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in the gas amount or fee to make it work properly: one is GAS AMOUNT or UNITS
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the other is the gas price.
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- The GAS UNITS are the minimum required to process the transaction.
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- The GAS PRICE is an amount related to how fast the transaction will be
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processed.
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The GAS UNITS are recommended to have 100 000 for two main reasons: in test
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need, we need more, it is easy to remember, and you get back the units the
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transaction did not use as change (IMPORTANT: if you use less than 65 000, You
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might lose your transaction and the fee/gas).
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The GAS PRICE depends on how much congestion is in the network, we used to say
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30 GWEI is an average good amount but for some reasons, this may vary a lot, so
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the best way is always to verify the congestion and check how fast you want your
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transaction to be done by the site [eth gas station](https://www.ethgasstation.info/)
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which will give you some recommendations on how much GWEI you should use
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depending on how fast you want your transaction.
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## When DECA cancels carbon credits, why doesn't the token lose value?
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DECA creates value through the cancellation of carbon credits in two ways:
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* It supports projects with social and environmental aspects and prevents CO2
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from entering the atmosphere. Each carbon credit is unique, and the purchase
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price of the carbon credit is frozen in the blockchain and represented in the
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secondary carbon token.
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You can compare it with contracting a service; the value of the service isn't calculated during the project's development but only in its execution afterward.
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## What happens if DECA doesn't reach or surpasses the soft cap?
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DECA has an ambitious goal to save the environment: The project team wants to
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raise 10 Million USD. If DECA doesn´t reach the softcap, the business plan will
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be adjusted but not stop the development of The DECA Platform.
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If DECA surpasses the soft cap, the carbon credit percentage will be increased
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in order to support more environmental and social projects.
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Furthermore, the DECA Protocol Development will include a new tokenomics model
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to incentivize its community and carbon market participants with their
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reduction of carbon footprints and carbon credits integration into the protocol
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to further the DECA Governance Token.
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## Who is behind DECA?
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### Currently
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The DECA DAO will follow up on the development as an open collective group
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to develop the DECA Protocol as a common good and fully free software project.
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We still get support from other organizations and previous project developers.
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### 2022-2024
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The Decentralized Climate Foundation, which is a non-profit organization, is
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currently leading the DECA Project and other green energy and footprint
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offset projects.
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### 2019-2022
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DECA token and Deca Search where originaly developed by two Canadian companies:
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Neetsec International Inc (NSI) & Innovative Hydrogen Solutions (IHS);
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Innovative Hydrogen Solutions is a company founded in 2004 and based
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in Aurora, Ontario; Innovative Hydrogen Solutions develops and commercializes
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new hydrogen-based energy and power technologies that improve internal
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combustion engine performance.
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NSI is an open-source, cybersecurity, and blockchain solutions company founded
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in 2019 in Aurora, Ontario.
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DECA Ecosystem is a project filled with visionaries, experts, and believers
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unified by the possibility that there is a better tomorrow.
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## How to support DECA
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- Help Solve Development Issues at git.
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- Provide Liquidity and/or donate to the DAO Vault.
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- Join our community groups and ask us.
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