🔎Glossary

Blockchain A decentralized, distributed ledger technology that records transactions across a network of computers, ensuring transparency, security, and immutability.

Carbon Credit A tradable certificate or permit representing the right to emit one metric ton of carbon dioxide or an equivalent amount of another greenhouse gas.

Carbon Dioxide Removal (CDR) The process of capturing carbon dioxide from the atmosphere and storing it in a manner that prevents its release back into the atmosphere for an extended period.

Carrot Token (CRRT) An ERC1155 token that represents a verified amount of carbon dioxide removed from the atmosphere. Each token is tied to a specific carbon removal project and includes a grade based on the persistence of the removal.

Decentralized Autonomous Organization (DAO) An organization represented by rules encoded as a computer program that is transparent, controlled by the organization's members, and not influenced by a central government.

Decentralized Finance (DeFi) A blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments.

Endorser An entity, such as a certification authority or large corporation, that is recognized by the Tracer DAO to curate, validate, grade, and endorse carbon removal projects.

ERC20 A technical standard used for smart contracts on the Ethereum blockchain for implementing tokens.

ERC1155 A multi-token standard that enables the efficient transfer of multiple token types at once, including both fungible and non-fungible tokens.

Fungibility The property of a good or a commodity whose individual units are essentially interchangeable and indistinguishable from each other.

Liquidity The degree to which an asset or security can be quickly bought or sold in the market without affecting its price.

Non-Fungible Token (NFT) A unique digital asset that represents ownership of a specific item or content, such as a piece of art, music, or video.

Persistence In the context of carbon removal, persistence refers to the duration for which the removed carbon dioxide remains stored and prevented from re-entering the atmosphere.

Smart Contract A self-executing contract with the terms of the agreement directly written into code, which automatically executes when predetermined conditions are met.

Staking The process of locking up tokens as collateral to support the operations of a blockchain network, often used as a means of earning rewards or gaining governance rights.

Token Generation Event (TGE) The moment when a new cryptocurrency or token is created and distributed to investors or the public.

Tokenomics The economic framework and incentive structure designed around a cryptocurrency or token, including factors such as token distribution, supply, and governance.

Tracer Token (TRCR) The governance token of the Tracer ecosystem, used for voting on key decisions, managing the treasury, and ensuring the integrity of the ecosystem.

Voluntary Carbon Market (VCM) A market where individuals, companies, or governments can purchase carbon credits voluntarily to offset their emissions or support environmental projects.