CRISP Scored Mangroves $CRISP-M

CRISP Scored Mangroves is a revolutionary crypto project by Solid World that aims to enhance access to upfront funding for climate action initiatives, particularly those that revolve around mangrove restoration. This ingenuity comes at an opportune time when climate project developers continuously grapple with the challenge of securing up-front financing for their initiatives. The project presents a viable solution to the limitations of the Voluntary Carbon Market (VCM), where carbon credits are issued retroactively, subsequently causing a slow-down in the execution of critical climate action projects.

How Does CRISP-M Work?

At the heart of the CRISP Scored Mangroves is the CRISP-M token, a Solid World asset that enables mangrove restoration project developers to forward-sell their future carbon credits at a discounted rate. The value of one CRISP-M represents the value of one ton of mangrove restoration-based carbon credits at maturity, with the discount rate decreasing as the credits draw closer to delivery. This sustainable mechanism incentivizes liquidity providers without diluting the value of existing token holders.

Carbon Risk Identification and Scoring Principles Framework

For quality control, all projects under CRISP Scored Mangroves are subject to Solid World's robust CRISP Framework. This analytical tool identifies and scores potential risks of under-delivery to ensure project developers meet their targets. The framework also provides replacement guarantees from suppliers to further secure the investment.

The Curation Council

Adding another layer of governance is the Curation Council, made up of major liquidity providers of the CRISP-M token. The council evaluates and approves projects, further fortifying the commitment to achieving high-quality climate action initiatives.

CRISP Scored Mangroves, as part of the Solid World's mechanisms, functions as a decentralized warehouse for climate finance. It effectively bridges the gap between buyers and sellers, ensuring a smooth transition as the supply gets certified and arbitraged out of the system. This novel approach heralds a new era of sustainable climate finance, unlocking capital and accelerating much-needed climate action.