In continuing acknowledgement of the importance of our community, we would like to start this update by thanking you for your passion and support over the past months, especially these past few weeks with the road leading up to our IDOs on CardStarter and TruePNL! We appreciate your enthusiasm and rest assured that our team is fully committed to delivering on our vision over the next decade.
As a reminder, you can learn more about Carb0n.fi and find all relevant information below:
- Carb0n.fi is a Singapore-based, ASEAN-focused blockchain solution funded by Owl Venture, Lancer Capital, Blockseed Capital, and Antler.co. Users will be able to deposit their crypto with Carb0n.fi and get rewarded with carbon offset NFTs as well as our native token $ZRO!
- We launched our token on Polygon
- Our contract address is 0x6acda5e7eb1117733dc7cb6158fc67f226b32022
- You can check our verified contract on PolygonScan here
- The DEX listing happened on SushiSwap and you can trade MATIC/ZRO here
- You can check the price of MATIC/ZRO here
- You can read our White Paper here
- Our Twitter account is here
- Our website is here
- Last but not least, you can join our Telegram community here
Token Generation Event & Token AirDrop
After the IDOs concluded on CardStarter (Jan 19) and TruePNL (Jan 21), we proceeded to liaise with the launchpads and their team to execute on the public sale process. This includes verifying all the addresses from participants alongside their investment amounts, and then transferring the funds minus various fees to all the wallets. This took a few days considering the IDOs were staggered; we also wanted to time the listing properly with regards to market conditions (i.e. this brought us to the week of Jan 24–30).
Our initial plan to proceed to the Token Generation Event (TGE) and listing were initially set to Jan 27, 8PM GMT+8. Although we strove to meet this deadline, we chose to push it back for less than one day, to Jan 28, to ensure that the liquidity for our users was safely deployed. The TGE and listing happened on Jan 28 around 5PM GMT+8.
This short 20 hour delay was in part due to fake pools discovered by us on various DEXs, and we wanted to protect our investors at all costs. We made the team decision to push back by a day; although the community was impatient, security was the most important decision factor for us. Although we previously communicated about launching on QuickSwap, we chose to launch the real pool on SushiSwap, as the fake pools were discovered on QuickSwap. We kept the community updated with regards to this, urged everyone to only follow official information shared in the group, and kindly asked for the community’s cooperation as to not jump the gun and start trading anywhere, with any contract, before our official announcement.
Anti-Bot Activity, Security & Long Term Holders
By doing so, we were able to fully alleviate any bot activity. We have not heard from any single investor having lost their investment to malicious actors. Moreover, our tokenomics and release plan alongside recent on-chain activity, with various initial releases and vesting periods (available in our White Paper), clearly show that long term investors are holding very strong!
To address the common question from our community on why some users were able to trade before we officially announced the listing, the answer has been partially given above. Some users found the pool (thankfully they found the correct one and did not lose their money trading on a fake pool), and they started trading before we made an official announcement. As you know, Token Distribution isn’t instantaneous, and some users received their funds a few minutes before others. It also took some time for the contracts to send and allocate the tokens to some of our private investors and KOLs, therefore the distribution was spread out over a few hours.
Some investors did rush to sell after the listing happened, some even selling before official information was put out. We are grateful these people found the real pool and didn’t lose their investment. Our long-term investors followed our advice, did not rush to sell, and are holding their tokens for a bright, carbon-zero future ahead with us. We are monitoring most of the addresses holding ZRO tokens — our private/seed investors did not sell any token, and neither did the team. Most of the recent sales are coming from the IDO, and we cannot (or should not) control or filter users who just want to make a short-term gain.
A Massive Market Poised For Growth
An indication of this bright future comes from our fully diluted market capitalisation, which is around 3 Million USD currently, while we are targeting a global carbon market that may reach 180 Billion USD by 2030, according to a Trove Research study. And that’s only the voluntary carbon market! As you know, the next large phase of our development will consist of building a carbon offset NFT exchange. This figure is even more encouraging, as the global NFT market may reach 3.5 Trillion USD by the end of the decade!
Our main contract is now verified and can be found here. We are working on the auditing of our vesting, staking and main platform contracts. We are discussing with several audit companies, with their average time to audit being anywhere from 2 weeks to 3 months. We plan to audit all of our contracts at the same time before the main platform contract is released.
Current Wallet Addresses
As of our current state with regards to wallets, and in the spirit of full transparency, details can be found below:
- The wallet used to mint the ZRO tokens is 0x5CB6A7cBa0e863164111ae710e8cBD4C200c3996
- From this wallet, we sent funds to two other wallets (in order to speed up the distribution process), which were used for a short time:
- 0x8F6Bb5c3D8BB34cbD73e3563DDe4510cB9AF6363 was used for the AirDrop from one launchpad, and to deploy the vesting contract;
- 0x707c6B3556B801fc6ff28CbeA310823d84Ed7022 was also for the AirDrop, from the other launchpad;
- 0x98d21e79BAEBB8853ba34e0624Ec3B87120da067 is a vesting contract, it holds all of the users’ currently vesting funds;
- 0x3cEdE37BFD0072651099AD6BcbD63d61e8eD8004 is the vesting contract for the team and advisors (for further transparency, we are using another vesting contract for the team and advisors);
- 0x754714dc05dd935890ec7823a8362c183137d795 is the contract holding the vesting funds for the treasury:
- Already vested Operational Fund: 0xf05c1b30E755414b3c1141288DDc4b25EE4Acc57
- Already vested ESG Fund: 0x57C44A91191CE6e2b76F7D1233D92Cc1dF835721 (these are funds to be deployed towards ESG stakeholders to bring onboard more partners);
- 0x5CB6A7cBa0e863164111ae710e8cBD4C200c3996 is additional liquidity provision when listing on DEXs and CEXs in the future;
- 0xeeDce61F2Be17c5b1e1f8D7Bd8d3c9aDC6af3516 and 0x4ad441B0d7D5e13E774cC4dC67f1D0C0b99E9ed2 are for staking rewards and main platform rewards;
- Finally, 0x7eD038055B27a4331E59f658278b213131902c7d is the short-term Marketing & Operations Fund, in order to boost our presence and influence!
Finally, we are still working through the application processes for listing coin trackers. You can already find ZRO on CoinMarketCap at this link, on CoinGecko at this link, and we will continue to update our online profiles on the coin tracking platforms as we move forward. At the time of writing our score on DEXTools.io is sitting at 91/99. Stay tuned for more!
We thank you for your patient support and we are confident that the information provided above as well as our transparent explanation will satisfy your questions. We are committed to building our solution and we are working day and night for our community. See you in Telegram (and soon in Discord) for further discussion!
Originally published on Medium (medium.com/@carb0nfi) on 4 February 2022. Restored from an Internet Archive capture; text unchanged.