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What are CRISP Scored Mangroves (CRISP-M)?
CRISP-M refers to Solid World's token that enables mangrove restoration project developers to pre-sell their future carbon credits at a discounted rate. This helps overcome the financial barrier faced by carbon project developers in the Voluntary Carbon Market (VCM), where retroactive carbon credits are provided but upfront costs pose a challenge. By forward-selling their credits through CRISP-M, developers can access capital and accelerate quality climate action. Each CRISP-M token represents the value of one ton of mangrove restoration-based carbon credits at maturity, allowing for 1:1 exchange with the underlying supply. As the credits approach maturity, the discount is distributed to liquidity providers, ensuring a sustainable source of liquidity incentives without diluting the token's value.
All projects associated with CRISP-M adhere to Solid World's CRISP (Carbon Risk Identification and Scoring Principles) Framework, which mitigates risks of underdelivery. These projects have replacement guarantees from suppliers and are approved by the pool's Curation Council, comprising major liquidity providers for the CRISP-M token. Solid World functions as a decentralized warehouse for climate finance, connecting buyers and sellers across time as certified supply is arbitraged out of the system.
What can you do with CRISP-M?
- Deposit into the incentivized liquidity pool and stake to receive rewards while supporting climate action
- Exchange for supply from the underlying projects, allowing you to lock in carbon credits from high integrity carbon projects that make a real difference
- Hold to support climate action
How many CRISP-M tokens are in circulation?
The number of CRISP-M tokens in circulation varies based on the maturity and quantity of forward credits held in CRISP-M's treasury. Currently, there are approximately 17,000 CRISP-M tokens in circulation, with no maximum supply limit.
Who are the founders of Solid World?
The founders of Solid World are Stenver Jerkku and Al William "Rez" Tammsaar.
Stenver Jerkku is a serial entrepreneur with a background in software engineering and economics. He served as an early tech lead at Glia, a New York-based unicorn, and co-founded eAgronom, a prominent sustainability company in Europe that promotes regenerative farming practices. Stenver also held the position of VP at the Estonian Founder's Society for two consecutive years, an association comprising founders of Estonian unicorn startups.
Al William "Rez" Tammsaar is a renowned thought leader in the field of Regenerative Finance (ReFi). With a background in data science and product management, he has provided extensive consultancy on applied data science for problem-solving to various corporations. Rez served as the AI lead at eAgronom, collaborating with Stenver to expand the company's product offerings. He co-hosts the podcast "This Week in ReFi," contributes to multiple ReFi initiatives, and has been quoted in TIME magazine on this subject.
Where can I buy CRISP Scored Mangroves (CRISP-M)?
Currently, CRISP-M is available for purchase on Uniswap V3 on the Polygon blockchain. Solid World intends to increase accessibility by listing the token on centralized exchanges in the future.
Answers
What are CRISP Scored Mangroves (CRISP-M)?
CRISP Scored Mangroves (CRISP-M) is a token created by Solid World to enable forward-selling of upcoming carbon credits for mangrove restoration projects. Carbon project developers often face challenges in financing their projects as the Voluntary Carbon Market (VCM) provides carbon credits retroactively, requiring significant upfront costs. CRISP-M allows developers to sell these future credits at a discount, with the discount increasing the further away the credits are from delivery. One CRISP-M represents the value of one ton of mangrove restoration-based carbon credits at maturity, and it can be exchanged 1:1 for the underlying supply. The discount is vested to the token's liquidity providers as the forward credits approach maturity, creating a sustainable source of liquidity incentives. All projects undergo Solid World's CRISP Framework to mitigate risks and ensure quality. The system functions as a decentralized warehouse for climate finance, connecting buyers and sellers across time.
What can you do with CRISP-M?
- Deposit into the incentivized liquidity pool and stake to receive rewards while supporting climate action
- Exchange for supply from the underlying projects, allowing you to lock in carbon credits from high integrity carbon projects that really make a difference
- Hold to support climate action
How many CRISP-M tokens are in circulation?
The number of CRISP-M tokens in circulation varies based on the maturity and number of forward credits in CRISP-M's treasury. Currently, there are approximately 17,000 CRISP-M tokens in circulation, and there is no maximum supply.
Who are the founders of Solid World?
Solid World was founded by Stenver Jerkku and Al William "Rez" Tammsaar. Stenver Jerkku is a serial entrepreneur with a software engineering and economics background. He co-founded eAgronom, a major sustainability company in Europe, and served as the VP of the Estonian Founder's Society. Al William "Rez" Tammsaar is a thought leader in Regenerative Finance (ReFi) with expertise in data science and product management. He co-hosts the podcast "This Week in ReFi" and has been quoted in TIME magazine.
Where can I buy CRISP Scored Mangroves (CRISP-M)?
Currently, CRISP-M is available on Uniswap V3 on the Polygon blockchain. Solid World plans to increase access by listing on centralized exchanges in the future.
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