Phase 2: Introducing Smart NFTs and DEX Trading

Carbify
4 min readApr 11, 2023

--

Discover our next exciting milestones at Carbify, complete with exclusive Eco Empires screenshots for a sneak peek into the gameplay!

Accidental image 1

Get ready for an insightful update on Carbify’s upcoming initiatives. There’s a lot brewing behind the scenes, so let’s dive in and bring you up to speed.

$CBY Token Upgrade

In our quest for perfection, we uncovered a flaw in the $CBY smart contract. Though not ideal, we’re committed to excellence. Consequently, we’re redeploying the contract, currently undergoing scrutiny by Quill Audits. This review process should conclude within approximately 48 hours. Once approved, we’ll deploy the contract and conduct an airdrop of new $CBY tokens. This implies that your existing $CBY tokens will become obsolete. Rest assured, the DEX (Decentralized Exchange) will go live following the completion of token distribution. Thankfully, this delay is minimal.

DEX Trading On the Horizon

A $CBY-USDC pair on Uniswap has undergone testing over the past two days. Upon the full audit and deployment of the enhanced $CBY smart contract, we’ll inject liquidity ($400,000). The demand for tokens is substantial, particularly from those seeking tokens. Our timing aligns favorably with market dynamics.

Accidental image 2

Smart NFTs for Enhanced Transparency

As you’re aware, our commitment to unmatched transparency lies at the core of our project. Achieving this is possible by embedding precise geographical (GEO) locations into the metadata of our NFTs in an immutable manner. This GEO tagging empowers us to:

• Track the claimed $aCO2 per individual tree.

• Monitor the cumulative $aCO2 generated by trees, adhering to the Carbify Carbon Standard.

• Generate verifiable reports that confirm the sale of burn $aCO2 is singular.

• Provide businesses with accessible reports via our API.

• And much more!

We’ve secured the initial 50,000 GEO locations, enabling us to remint NFTrees, enriching metadata with GEO information. This strategic moment provides us with an ideal opportunity to introduce ‘Smart NFTs,’ a versatile upgrade. Users can enhance NFTrees, Heroes, and land plot NFTs by loading or staking $CBY tokens. NFTrees backed by $CBY tokens will be eligible for the staking program. A nominal withdrawal fee applies when redeeming tokens from the NFT. This concept embodies everything outlined in our Greenpaper, only with an added layer of excitement. These Smart NFTs are tradable on the marketplace, inclusive of the tokens within.

For clarity, the prerequisite of staking $5 worth of $CBY remains unchanged. The SmartNFT represents an innovative dimension, not an additional requirement. We’ve opted for SmartNFTs over a smart contract storage mechanism, mitigating potential risks.

Accidental image 3

Enhancements Across the Board

• Plots: Upgrading plots allows for more trees to flourish within Eco Empires gameplay.

• NFTrees: Facilitates NFTrees’ participation in the tree staking program ($5 per tree).

• Heroes: Elevates heroes to advanced levels, unveiling unique abilities and perks for owners.

CBY Token Airdrop

Expect a forthcoming airdrop of $CBY tokens to wallets owning NFTrees. Each tree warrants a 10 $CBY token airdrop, valued at $2.5. Rest assured, our $CBY token reserves are substantial, ensuring a continuous stream of airdrops for years. Your NFTree acquisitions guarantee ongoing token rewards.

Our Priority List

Our active endeavors encompass:

1. Redeployment of CBY smart contract

2. NFTree token airdrop

3. Extending airdrop benefits to newly acquired trees

4. NFTree reminting (Smart NFT)

5. Launch of NFTree token airdrop smart contract

6. Marketplace goes live

7. Tree staking initiation

8. Claiming and burning $aCO2 (accompanied by certificates)

9. Introduction of $aCO2 pools

10. CO2 calculator implementation

Are you as enthused as we are? Don’t miss out on our progress! Participate, Contribute, or delve deeper into our project’s essence.

Carbify Greenpaper: https://docs.carbify.io/

Carbify Website: https://www.carbify.io
Carbify Discord: https://discord.gg/carbify
Carbify Telegram: https://t.me/carbify
Carbify Twitter: https://twitter.com/Carbify_io

--

--

Carbify
Carbify

Written by Carbify

Rebuild the Amazon rainforest. Support the locals. Get rewarded.

No responses yet