Make Gravity Bridge Carbon Neutral by Purchasing and Retiring Verified Carbon Credits managed within the Cosmos Ecosystem
Voting YES to this proposal will transfer 5,017,500 GRAV to multisig wallet gravity1dklgd55t7dr5pw5d0qky7vc8g72plel0kez2ff for the execution of purchasing Nature Carbon Ton ($NCT) to offset all Carbon Emissions since the operation of Gravity Bridge began
Voting NO to this proposal indicates that this funding should not be allocated.
The price for NCT on Osmosis should range from $3-4 each.
Gravity Bridge will purchase at a price target of $3.00 to offset the worse case scenario and become carbon negative, the cost would be a maximum of 8362.5 x $3.00 = $25,087.50
At current price of $0.005 the amount is 5,017,500 GRAV (about 0.5% of Community Pool)
All funds not used will be returned to the funding pool. Gravity Bridge will not spend over the maximum amount.
2/3 Multisig wallet comprised of community members / validators:
Dan | Qwoyn Studios
Luisqa | Zenith Station
alphaβiota | LOA Labs
Background:
Gravity Bridge is positioning itself as a Public Goods service, a reliable, responsible utility, safe, secure and open to use. Its use aligns with the broader goals of financial independence and sustainable growth on our planet.
Offsetting carbon emissions can help to enhance the reputation and credibility of Gravity Bridge in the eyes of consumers and stakeholders. In an increasingly environmentally-conscious society, many people are looking for companies that are taking concrete steps to reduce their carbon footprint and protect the planet.
By offsetting emissions, Gravity Bridge can demonstrate its commitment to sustainability and differentiate itself from competitors that are not taking similar action.
Offsetting emissions through the purchase of carbon credits can also be a financially beneficial move for PoS blockchains. While there may be upfront costs associated with purchasing carbon credits, the long-term benefits of increased customer loyalty, and marketing campaigns designed around environmental action and Gravity Bridge as a solution, can outweigh these initial costs.
Additionally, as governments and consumers continue to place a greater emphasis on sustainability, companies that are proactive in addressing their environmental impact may be well positioned to benefit from the growing demand for eco-friendly products and services.
