Dual-Token System
In order to build those solutions and govern the ecosystem, Tracer is based on a dual smart contract architecture:
The governance token of the Tracer ecosystem is used for voting on key decisions through a Tracer DAO. The DAO is responsible for selecting Endorsers, managing the treasury, and ensuring the overall integrity of the system. A buy and burn mechanism aligns Tracer token ownership with the growth and success of the Carrot economy.
A fungible yet project specific Carrot token represents 1 ton of CO2 removed. Project Developers mint Carrot tokens associated with immutable metadata ensuring a high level of transparency and traceability. Secondary NFTs handled by the same smart contract represent various delegated levels of authority in the ecosystem.
The dual-token system employed by Tracer creates a symbiotic relationship between governance and utility, ensuring that the ecosystem remains decentralized, transparent, and focused on its core mission to unlock the potential of the carbon removal market.
Let’s dive into both tokens.
Last updated