What is KICHEE? First super sustainability blockchain token

    KICHEE Token listings

    On Wednesday, May 4, 2022, Creduce Technologies Private Limited (CTPL) announced the introduction of KICHEE, India’s first super sustainability blockchain token. According to CTPL, Creduce intends to make it easy for people and organizations to make carbon-neutral investments by using the KICHEE token.

    Water credits, plastic recycling, trash treatment, biomass handling, methane avoidance, and other emission-reducing projects are all included in its token. KICHEE coins can be used in gaming, the Metaverse, trade, carbon offsets, gifting, bartering, and as a digital asset. These tokens, which are backed by certified credits from Audited Projects, will allow anyone to buy, hold, sell, or burn sustainability credits, according to the business.

    Launch date

    The projected token launch date is May 31, 2022, with the pre-launch sale beginning on May 10, 2022. One KICHEE token will be worth 1/10th of a sustainability credit, according to CTPL, and 1 crore of its tokens will be created and listed.

    KICHEE pricings

    Because there is no single market that determines global prices for carbon credits, the KICHEE token will be dynamically valued, according to CTPL. Because of the restricted liquidity and variable pricing of individual credits, investing in them poses a unique risk.

    KICHEE marketplaces

    The blockchain token will be available on Binance, Wazirx, Coinswitch, Coinbase, Opensea, and Coindcx, according to CTPL. Trading in it will be available 24 hours a day, 7 days a week.

    Shailendra Singh Rao, the founder of CTPL, stated in response to the token’s introduction, “Carbon credits are emerging as a new asset class for everyone concerned about climate change and related issues.” “Blockchain tokens have a bright future in a world that is moving toward digitalization, decentralization, and democratization.”

    “We’re launching KICHEE to give everyone, from individuals to institutions, the most credible asset if they recognize the need to contribute to climate change mitigation.” He continued, “It’s a novel method to engage the entire world in the fight against climate change and global warming.”

    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    You might also like...