As you are all aware, Carboncoin has been running a version of the bitcoin blockchain since February of 2014. We implemented custom security to enable our network to run at low hashrates while maintaining the functionality of the Bitcoin protocol, effectively dispensing with the problematic energy consumption of the original. Our aim is to create a perpetual source of funding for biodiverse forestry and other environmentally beneficial activities.

Carboncoin has been uniformly distributed to its early adopters since inception and our total circulation of 16 Billion coins is in the hands of a large range of investors subject to an individual limit of 2% of circulation, excepting the charity which can own more.

Recent development and features added to cryptocurrencies by smart contract platforms have led us to the decision that implementation of those features, in the form of a new blockchain, will be beneficial to everyone in the network and greatly improve our effectiveness in achieving our aim.

In order to fund this development, and the purchase of a land holding which will be our model permanent forest, we have decided that we will undertake an Initial Contribution Offering for a proportion of the coins on the new blockchain.

Our new form will utilise all of our knowledge and experience gained in the successful deployment and operation of the Carboncoin Protocol to date, enabling an energy efficient alternative to existing smart contracts platforms.

Our primary function will continue to be as a value storage and transfer provider however with the added advantage of up to date smart contract technology. Our aim remains unchanged.

The existing Carboncoin blockchain will be maintained until a reasonable time after the new blockchain is deployed.  Further information will be released in due course.