Creduce Introduces Sustainability-Focused Blockchain Token KICHEE
- ByStartupStory | May 5, 2022
Climatetech startup Credunce Technologies founded by Shailendra Singh Rao and Vishwaraj Singh Rao in 2021 provides services in the domain of climate change and carbon asset management. The startup would soon be launching KICHEE, which is a sustainability-focused blockchain token and will most likely be launched on May 31, while its pre-launch sale will be on May 10. The startup said in its statement that they would be minting 1 Cr KICHEE tokens and then get them listed.
Through the use of the KICHEE token, Creduce aims to enable individuals and businesses to smoothly adopt a carbon-neutral investment. According to Rao, they were launching KICHEE so that they can enable everyone to have the most credible asset if the people understand the need to contribute to climate change mitigation. Overall, using KICHEE would be a new way to help the world participate in combating climate change and global warming.
The KICHEE tokens are validated by certified credits from audited projects, which would be generated from other projects such as water credits, plastic recycling, waste handling, etc. As said by Creduce, 1 KICHEE token will be equivalent to 100 kgs of averted CO2 (carbon dioxide) emission in a given year. The tokens can be used in gaming, Metaverse, and many more areas.
Crypto startups have brought investments worth over $247 Mn in the last year alone. This trend continued in 2022 also, with a homegrown blockchain startup Polygon receiving $450 Mn earlier this year.
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