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Atoms by TFNFT

Atoms by TFNFT

Carbon credits liquidity pool for farmers

Created on 4th December 2022

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Atoms by TFNFT

Atoms by TFNFT

Carbon credits liquidity pool for farmers

The problem Atoms by TFNFT solves

  • Carbon Is essential element for life on earth, plants take CO2 and releases oxygen, returning carbon to the soil when they die.
  • The total land mass in india 308 million hectares out of which 46% (142 M Hectares) are for agricultural use. To reduce the carbon emission from farm lands, farmers can participate in the carbon credit programs by managing the crops and soil to reduce the conditions that break down organic matter.
  • With Atoms project we are tokenizing the carbon credits using blockchain, to have vital role in providing more transperency, utility, liquidity in the market
  • Verified carbon credit pool, solves the liquidity problem in carbon credit market & AMM handles the fast and secure trading, earnings from liquidity

Challenges we ran into

  • We faced initial challenge to exchange ERC20 tokens for each carbon credited into the account, hence the tokens are locked in smart contract, every time we tried to transfer tokens from smart contract to recipient address it was throughing gas estimation error.
  • For a quick fix we transfered tokens manually in the backend using metamask.
  • Sequence of Metamask RPC error on last day of hackathon
  • Slow and bad wifi connection especially during early morning of last day of hackathon

Tracks Applied (3)

General Storage Track

Protocol Labs

Protocol Labs

Valist

Valist

Valist

Etherspot

Etherspot

Etherspot

Discussion

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