Attracting developers

In addition to supporting suppliers, Tracer actively incentivizes other developers with grants and tooling like APIs and SDKs to build products that leverage the Carrot smart contract. These products can facilitate the trading of carbon credits while ensuring traceability and liquidity. By fostering a diverse ecosystem of financial products and services, Tracer offers a unique DeFi (decentralized finance) proposition that sets it apart from competitors.

Some examples of financial products that developers could build on top of Tracer include:

1. Decentralized exchanges: Developers can create specialized decentralized exchanges for trading Carrot tokens and other carbon-related assets, providing users with a seamless and transparent trading experience.

2. Lending and borrowing platforms: Developers can build platforms that allow Carrot token holders to lend their tokens to others or use them as collateral for borrowing other assets, creating new opportunities for liquidity and capital efficiency.

3. Prediction markets: Developers can create prediction markets that allow users to speculate on the future price of Carrot tokens or the success of specific carbon removal projects, providing valuable insights into market sentiment and trends.