XELS

XELS is a platform that utilizes blockchain technology with the aim of promoting environmental sustainability. It seeks to contribute to a greener planet by minting carbon credits as non-fungible tokens (NFTs). These NFTs serve as immutable proof of ownership and aim to offer transparency and public traceability, positioning them as a potential tool for the next generation of voluntary emissions reductions (VERs). The XELS platform uses advanced satellite imagery and artificial intelligence to quantify the actual amount of carbon being neutralized by protected lands and reforestation efforts. It aims to provide an infrastructure for businesses and individuals to interact with global carbon offset markets in a simple, cost-effective, and energy-efficient way.

The XELS platform allows projects to create a multitude of digital carbon credit NFTs in a single transaction, aiming to reduce energy usage associated with multiple blockchain transactions. Users may allocate one XELS token per 10 tons of carbon to mint a custom carbon offset NFT equal to the amount of carbon they wish to sequester. Upon burning the offset-backed NFT, the XELS tokens will unlock, forming the basis of the XELS platform's consensus mechanism. XELS also provides a certificate as proof of the amount of carbon sequestered after each NFT is burned on its platform.

XELS aims to provide a platform for minting carbon offset NFTs and intends to introduce a marketplace where users can exchange them based on individual needs. It seeks to make its vision of a healthier, more sustainable planet a reality for anyone who wishes to partake in the carbon offset markets. XELS also aims to be a blockchain-based sustainability disclosure platform for companies looking to showcase their climate action. It strives to provide a transparent and trustworthy platform for environmental disclosure, helping companies make more informed decisions and drive positive change.

XELS is a platform that has been developed with the aim of addressing the critical issue of environmental sustainability. It has partnered with green-tech industry leaders across the globe to strive towards its vision of a healthier, more sustainable planet. The platform is currently in the beta testing phase, with the official launch slated for early August 2023. The team behind XELS is working to fine-tune their services to provide a user experience. They are committed to addressing any issues and making improvements to ensure the platform meets the needs of its users.