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CLIMATECOIN WHITEPAPER
The first cryptocurrency that creates one way
for everyone to participate in the fight against
Climate Change.
AUGUST 2017
TABLE OF CONTENTS
1.- INTRODUCTION 01
1.1.- CLIMATE CHANGE & BLOCKCHAIN FACTS 01
1.2.- MEET CLIMATECOIN 03
2.- ECONOMICAL FACTS AND OPPORTUNITY 04
2.1.- MARKET OPPORTUNITY 04
2.2.- CRYPTOCOINS OPPORTUNITY 05
3.- OUR VISION 06
3.1.- PURPOSE 06
3.2.- CLIMATE COIN INVESTMENT DIFFERENTIATION 06
3.3.- OUR TEAM 08
3.4.- DEVELOPMENT TIMELINE 13
4.- TECHNICAL ANALYSIS 13
4.1.- TECHNOLOGY USED 13
5.- TOKEN SALE 16
5.1.- DETAILS 16
5.2.- TOKEN DISTRIBUTION 17
5.3.- HOW TO PARTICIPATE 20
1.- INTRODUCTION
1.1.- CLIMATE CHANGE & BLOCKCHAIN FACTS
We are in a moment where the Global Climate Change problem is obviously getting
worst every time and it is not a matter of discussion as there is tangible data that
states the reality of it.
1) Carbon dioxide levels in the air are at their highest in 650.000 years
(406,17 part per million).
2) 16 of the 17 warmest years on record have occurred since 2001.
3) In 2012 Artic summer sea ice shrank to the lowest extent on record.
4) Satellite data show that Earth's polar ice sheets are losing mass (287
Giggatones per year).
The reality is that Governments and politics are not all involved together with
enough strength (using all the resources they have) to fight this problem; also, the
total strength made in the world by any organization, private company or individual
is not enough to solve the problem. They are not going to solve this problem so we
need to do it for them.
So,
Are individuals going to solve it?
People see the Climate Change as a real problem, they are getting aware of what is
in the game and they are willing to contribute to this problem every time more and
more with their daily behavior and habits and if this is not enough, most of them
are willing to also contribute with money to save our environment and in definitive
to save our world if in e.g. the climate change problem could be quantified and let’s
say that with 15 USD each person in the world we solve this problem everybody
would contribute.
But, in this reality that should be obvious and that everybody should embrace, 2
problems appear: 1) human nature: what it should be a common effort to save a
common property like it is our nature, our earth… people would start thinking that
they are giving too much money to this cause because not all the people is
contributing the same than they do (if everybody do not contributes with the 15
USD, why Should I give 15 USD?, I will give only 5USD or I do not give anything); at
the same time people would think that Governments and public Organizations that
should be the ones that solve this problem, if they do not contribute the necessary
or take the necessary steps to solve the problem, what should they try to solve it?
They are just one person! This would be a variant of what is called by economists
the “tragedy of the commons” or the “Public Goods Problem”. LET’S CALL IT THE
INSOLIDARITY SYMPTOM
1
This takes us to the problem 2) on the assumption that people would be willing to
contribute to the problem with the money needed, who is going to organize this? Who
is going to make a collection, a detail of the total efforts that need to be made and
also measure the efforts that are being made? GOVERNMENTS?
They had a positive initiative, the Paris Agreement, that even that is not enough to
solve the problem, it is a beginning and it put together all countries in the world to
face a common problem. Recently USA left the agreement and is the second country
with more emissions in the world, with 5.172.338 Kilo/Tons only in 2015.
BLOCKCHAIN
Blockchain is the technology behind bitcoin, the cryptocurrency everyone's talking
about. It supports secure and reliable financial transactions between two parties
without intermediaries, thus driving down costs.
A blockchain is a type of distributed ledger that uses encryption to store permanent
and tamper-proof records of transaction data. The data is stored via a peer-to-peer
network using a "consensus" principle to validate each transaction.
One of the major benefits of a blockchain system is that it holds promise to eliminate -
- or vastly reduce -- friction and costs in a wide variety of applications, most
prominently financial services, because it eliminates a central authority (e.g., a clearing
house) in conducting and validating transactions, transactions go straight from sender
to receiver.
Blockchain, has been proven to be a groundbreaking technology in society today,
being adopted by big multinationals around the world from different sectors, making
great investments in this matter and even protecting their achievements with patents
in order to not being outstripped by a new fintech companies.
Also, blockchain creates great synergies with the Internet of things (IOT), that is the
inter-networking of physical devices (also referred to as "connected devices" and
"smart devices"), vehicles, buildings, and other items embedded with electronics,
software, sensors, actuators, and network connectivity which enable these objects to
collect and exchange data. The IoT allows objects to be sensed or controlled remotely
across existing network infrastructure, creating opportunities for more direct
integration of the physical world into computer-based systems, and resulting in
improved efficiency, accuracy and economic benefit in addition to reduced human
intervention.
What if people would find one Organization, and one product, that would make
them realize that with their money contribution they are really helping to solve
the problem of Climate Change and that at the same time this product would
solve the Insolidarity Symptom? What if also this product would be a blockchain
technology system, a cryptocurrency and could get appreciation for holding it?
2
1.2.- MEET CLIMATECOIN
CLIMATECOIN CO2 Token is a new and unique cryptocurrency based in Ethereum that
permits any citizen in the world to participate in the Climate Change fight and that
uses blockchain technology for that purposes.
Our CO2 token is a mechanism that makes possible for the participation of
CLIMATECOIN Organization in companies that create solutions against climate
change and that use blockchain in any of their processes. We will provide
investment, advise and blockchain guidance to these companies to make certain
products economically feasible, as the companies must be profitable to be able to
redeem dividends to our Organization and therefore make our currency to
appreciate in value.
At the same time, CLIMATECOIN is closing agreements with United Nations and is
already capable to buy companies that have Carbon credits selling authorization as
another way of income for our companies and indirectly for our currency appreciation.
Carbon credits and carbon markets are a component of national and international
attempts to mitigate the growth in concentrations of greenhouse gases (GHGs).
(https://en.wikipedia.org/wiki/Carbon_credit)
With the money the Organization gets from the CO2 token purchases worldwide, will be
buying companies (or stakes on them) that are currently fighting the Climate Change
problem; CLIMATECOIN may be buying already running companies already profitable,
make seed investments in early stage companies, create our own companies or projects
(solar, wind...), or buying solutions from others to use them in our companies.
Our mission is to create a symbol for everyone in the world, a unique possibility for
them to participate in this fight to save our planet. The symbol is a currency that
will get more appreciation as gets every time more known, our companies generate
more profits and therefore also our coin is more contributed.
We will install a new tracking system (IOT), in the companies we participate in general, so
the customer will be able trough a new CLIMATECOIN Application (App) or through our
Climatecoin.io website, to track the money they are going to perceive that year, the CO2
tons that we are reducing, the carbon credits we sold with its correspondent benefit. The
information, as we use blockchain and IOT technology will be very fluid and constantly
updated. We
We know that the companies focused in environmental projects have more
difficulties to get investment, to manage their products to be cost competitive and
compete with other companies that contaminate in their processes. We will be
helping in all this process, investing, advising how to manage the company and
trying to get the best competitive products for being able to have a competitive
company that can replace a contaminating company.
3
In order to guarantee that the money raised will be used for acquiring
companies/products/services that fight climate change and companies that must be
profitable, we will be hiring a world known audit company, in order to witness about
the correct managing of the company: the destiny of the funds for acquisition and the
companies acquired.
At the same time, we are closing agreements with Big institutions and organizations that
agglutinate the best and more innovative companies in the environment preservation
world.
Also, we are creating a Board of advisors with very relevant people from the energy,
venture capital and technology fields in order to guarantee that the company is focused
in its mission.
2.- ECONOMICAL FACTS AND OPPORTUNITY
2.1- MARKET OPPORTUNITY
The OCDE estimates that around 103 trillion USD of cumulate investment between
2016 to 2030 is needed to mitigate climate change, so that means big profits for all
these related companies that we are buying or participating.
Climate Investment Opportunities Total $23 Trillion in Emerging Markets by 2030,
says Report [1]
Since the Paris Agreement was adopted in December 2015, a total of 189 countries have
submitted their national plans that target aggressive growth in climate solutions—
including renewable energy, low-carbon cities, energy efficiency, sustainable forest
management, and climate-smart agriculture. These plans, called Nationally Determined
Contributions (NDCs), offer a clear roadmap for investments that will target climate-
resilient infrastructure and offset higher upfront costs through efficiency gains and fuel
savings.
An IFC report launched in November shows that the historic global agreement on climate
change adopted in Paris helped open up nearly $23 trillion in opportunities for
climate-smart investments in emerging markets between now and 2030.
IFC’s study, based on the national climate-change commitments and underlying policies
of 21 emerging-market economies, representing 48 percent of global emissions,
identifies sectors in each region where the potential for investment is greatest. This
includes:
4
• East Asia and the Pacific: green buildings—where China, Indonesia, the Philippines,
and Vietnam show a climate-smart investment potential of $16 trillion.
• Latin America and the Caribbean offer the next largest opportunity—particularly in
sustainable transportation, where the potential for investment in Argentina, Brazil,
Colombia, and Mexico is about $2.6 trillion.
• South Asia: Opportunities are mostly seen in climate-resilient infrastructure, where
$2.5 trillion of opportunities exist in India and Bangladesh.
• Sub-Saharan Africa represents a $783 billion opportunity—particularly for clean
energy in Cote d’Ivoire, Kenya, Nigeria, and South Africa.
• Eastern Europe, with its biggest markets—Russia, Serbia, Turkey, and Ukraine—shows
a combined investment potential of $665 billion, mostly in energy efficiency and new
green buildings.
• Middle East and North Africa: the total climate-investment potential for Egypt,
Jordan, and Morocco is estimated at $265 billion, over a third of which is for
renewable-energy generation, while 55 percent ($146 billion) is for climate-smart
buildings, transportation, and waste solutions.
World Bank Investments
At least $16bn a year, from across the World Bank group, which includes other
development and finance institutions, will be directed to climate change projects,
including renewable energy and energy efficiency. The group will aim to mobilize $13bn
in extra funding from the private sector within four years, for instance through joint
funding programmes. By 2020, these efforts should amount to about $29bn a year,
nearly a third of the $100bn a year in climate finance promised by rich countries to the
poor as part of global climate change agreements.
2.2- CRYPTOCURRENCIES OPPORTUNITY
Businesses across the globe spent $2.5 billion in 2016 on blockchain, and by 2025 that
will rise to $19.9 billion, with the financial services sector accounting for the majority of
the future market growth, predict different reports.
“Blockchain technology is one of the most promising upcoming technological trends in
the information technology domain,” according to Grand View Research.
“Not only does the technology hold the ability to disrupt the way the financial sector
often works but it will also have ramifications on many other industries including
consumer goods, technology, and media and telecom, among others,” reads the report.
Using blockchain as a way to approach more people in the world in a more simple, fast,
reliable, confidential and safe way, makes this initiative a double value one as different
appreciation possibilities appear for our currency.
At the moment of this writing Bitcoin has a value of 2.971,99USD and Ethereum of
256,40USD.
5
Ethereum has a Market Cap of $18 billion USD, with roughly $550.8 million worth of Ether
exchanged every 24 hour period. Due to the programmable ability to run smart-contracts
on the blockchain, large international institutions are beginning to find ways to leverage
this network to reduce business costs.
This is the primary advantage Ethereum has over bitcoin. Ethereum has experienced
tremendous growth over the past year, with prices rising by a factor of 21. Such
tremendous growth rates highlight a growing need for experienced, honest and reliable
business based in Blockchain technology.
Ethereum is being adopted by big institutions like in the HYPERLEDGER Project hosted by
Linux Foundation that has among its members American Express, BBVA, The Bank of
England, Airbus, SAP, Wells Fargo and Thomson Reuters..
3.- OUR VISION
3.1- OUR PURPOSE
In Climatecoin we want to turn around the current destructive process that is affecting
our world. We want the world to be again a place where nature as an entity that is
needed for our survival, is protected by all the citizens of the world.
Therefore any single person will be able to buy one CLIMATECOIN to help to this cause.
3.2- CLIMATECOIN INVESTMENT DIFFERENTATION
Recently different ICOs went public, generating great expectation for the future valuation
of the tokens, without really having any tangible assets behind and with no future
potential real benefits and resulting in traps for many ether holders as it was a mere way
of speculation for most of the investors.
Climatecoin is created to change the rules and brings blockchain to the real world. Our
main differences with other ICOs are:
1. The money raised in our ICO will be mostly used for acquiring tangible assets with real
value. As we stated above, the money is destined to buy companies with products or
services that fight climate change, so our Organization will have shares of companies
with real value and real assets.
Our coin will get appreciation in a triple way: a) annual direct dividends from the
companies participated by the Foundation and in case of any sale of any stake, also
from capital gains, b) profits from the sale of Carbon credits, as our companies create
rights to exchange with other companies that generate too much emissions
(https://en.wikipedia.org/wiki/Carbon_credit) c) we want to become a symbol for
everyone in this world and people will realize that our coin is a unique way of
changing things.
We are working together with United Nations in order to find the right
companies for the stated above, bringing investment and professional
management in order to achieve their/our goals. These companies already do
have the approval of the UN for selling carbon credits.
6
Audit control by one of the Big Four Auditing companies in the world, so the customer
can be sure that the money raised is spent in Environmental preservation and profitable
investments and we solve the 2 problems normally ICOs have: lack of regulation and
investors rights protection.
We will provide up to date information about our investments, the money the companies
are making and the environmental benefits that we are creating, thanks to our Blockchain
and IoT technology. At the same time, we will be spreading our blockchain and IoT
system to other companies instead of the ones we have participation and where we sell
the carbon credits.
Must be clear that CO2 token holders are not owners of participations on
CLIMATECOIN Organization, or in the companies acquired. Our main goal is
currency appreciation by growing assets, create tangible value and be known
worldwide as a symbol for Climate Change action.
7
EXECUTION AND FUTURE
PROJECT EXECUTION
BUSINESS ACQUISITION & DEVELOPMENT is the main dedication for the funds raised
as investing in companies/projects must be our main objective. Depending on the
money raised our impact will be faster and bigger as we will be able to have access to
important projects and help them grow at a faster speed. Our determination is to
think big in order to be able to make impact and therefore 200mm is the estimated
amount we should need to invest e.g. 10mm in 20 projects or 1mm in 200 projects
that can have traction and that can achieve real recognition and become a real
solution for Climate Change.
We will be selecting mainly projects proposed by United Nations. You can see some
examples in this website:
http://unfccc.int/ttclear/projects
We will be applying for every Exchange house in the world in order to be able to be
listed globally, so every person in the world will be able to buy CLIMATECOIN CO2
Tokens anywhere in the world. We will make all necessary marketing efforts to be
able to position Climatecoin CO2 Token as the reference for the Climate change
in the world.
EMMANUEL LAGARRIGUE
CHIEF STRATEGY OFFICER AT
SCHNEIDER ELECTRIC
https://www.linkedin.com/in/lagarrigue/
Member of the Board of the Executive Committee Schneider Electric. Expert in Business
Management and Great Leader.
GONZALO DE LA PEÑA CIFUENTES
CEO AND FOUNDER AT OPENFINANCE
https://www.linkedin.com/in/gonzalodelapena/
Gonzalo is an expert in systems for the analysis and management of Investment
portfolios.
It has more than 15 years experiende in this field and has participated in famous projects
like Invertia and Openfinance.
When he was 21 he was part of INVERTIA´s founding team, the first Spanish language
financial site in the world, still leader in its segment.
Afterwards created Openfinance (http://www.openfinance.es), a financial software
company for Financial Advising and Portfolios Management. Openfinance became in a
short period of time in the leader in its segment in Spain being used by the 70% of the
companies in Spain.
In 2012 Openfinance sold most of its shares (62%) to Bolsas y Mercados Españoles (BME)
and to the Deutsche Börse, as a way to find a strategic partner to permit expand the
business internationally.
Gonzalo individually collaborates in other projects related to entrepreneurship that
pretend revolutionize their sectors like PLD Space (http://www.pldspace.com/ Access to
the Space for small payloads), Verse (https://joinverse.com/ Mobile payment system).
3.3. TEAM MEMBERS
BOARD OF ADVISORS
8
ANTONIO BENEDITO SERRANO
Ex- Repsol Gas (SOLGAS) CEO and Ecuador Repsol Gas CEO
Industrial Engineer - IESE MBA
Broad experience in business management with managing positions in Balanzas Cobos in
Barcelona, Repsol Gas in different positions until becoming CEO, Ros Casares Sales
Manager in Valencia and finally before retiring CEO Grauforz Spain.
MARCOS MARTIN LARRAÑAGA
Co-founder & GP at Torret Road Capital
Co-Founder at Menorca Millennials
Torret Road Capital - MDT Executive Program
https://www.linkedin.com/in/marcosmartin07
Broad experience in business management, fundraising processes and investor relations.
Has served as a Board Member at several early stage companies giving strategic advice.
Has +15 years of experience in the European energy sector. Co-founder of B-strategies,
co-founder of the European Pellets Council, co-founder of Menorca Millennials, co-
founder of Torret Road. Holds an Executive degree from MDT, a Master’s degree in
Business Administration from INDAE Business School and a Master’s Degree in
Engineering from the UVa, having specialized in the energy industry.
Among others:
4YFN - BARCELONA MOBILE WORLD CAPITAL judge
STARTUP CHILE judge
Forest Europe Expert al C&I SFM Forum
FAO consultant
World Bioenergy Association Expert
9
ANTONIO LIU YANG
ICAM Lawyer, CHINADESK Director • Intercultural Teacher and consultant CN_ES •
Speaker
https://www.linkedin.com/in/antonioliuyang/
Consultant that has managed the opening to spanish companies of the chinese social
Media and the Wanda Project for the Villarreal Soccer Club. He has coordinated the Asian
Entrepreneurship of the European Center for Innovative companies. He has managed the
educational Project of the Greenland Shanghai Shenhua S.C. in Spain. Service provider for
Valencia Major Hall and Export Valencia Institute.
I collaborate as a visiting professor in Chinese and in Spanish in a dozen masters by
different universities like the Madrid Complutense, Catholic University of Valencia, the
Alcalá de Henares and business schools like ESERP or INEDE.
As a regular lecturer I have collaborated with institutions such as Casa Asia, Adeit,
Foment de Treball, Ceimigra, Cajasol Institute, Chambers of Commerce, DPEV, Salón Mi
Empresa and others.
Awarded with the Prize of First Young Talent of the Valencian Community in 2013 and the
Gold Medal of the Forum Europe for his professional career year 2015, among other
prizes.
10
ALEX DAHAN
Founder at OpenInfluence | Forbes 30 Under 30 | Blockchain Investor & Advisor
INSTABRAND CEO & CO-FOUNDER
https://www.linkedin.com/in/alex-dahan-01a13a6b/
TECHNICAL STAFF
11
PEDRO J. GARCIA
VICE-PRESIDENT SOLMED ALLIANCE
ESTEMA UNIVERSITY VALENCIA
UNIVERSITY OF CALIFORNIA - BERKELEY PDD
SOLMED Alliance is a facility services company and leader in quality management. Their
aim is to support our clients, adding value in every project and working with the
maximum security to guarantee the satisfaction in each operation they manage around
the world.
Borja Herrero
Web Developer.
Software engineer with 8 years of experience developing web applications such as
corporative websites, e-commerce and learning management systems, always using
state-of-the-art web and mobile technologies. Demanding of himself and meticulous on
his work, he is specialized in frontend development, HTML5, CSS3, Javascript, PHP,
MySQL and CMS's as WordPress.
https://www.linkedin.com/in/borjaherrero/
AMPARO SANCHIS
ASSOCIATE PARTNER KPMG SPAIN
https://www.linkedin.com/in/amparo-sanchis-85031810/
Lawyer, European most reputed VAT Expert.
Tax expert advisor for big companies, funds and multinationals. Desire to contribute to
the Climate Change fight.
12
David Ortega
Ethereum Developer
Started with Blockchain in 2016 testing different capabilities for public and private
blockchains as ethereum and multichain. He spends his spare time reading about security
in smart contracts. Before Blockchain he was iOS developer in several big projects like
FCBarcelona official APP or Glassy Pro.
Specialties: Blockchain, Design Patterns, agile methodologies, team leading, iOS dev
elopment, Apple, mysql and postgresql, HTML5, CSS3, Django, Web standards.
https://www.linkedin.com/in/dortega/
MARKETING
Ana Karen ZS
CLIMATECOIN Marketing Management
•CLIMATECOIN
•Universitat Politècnica de València (UPV)
•Marketing Professional. She started her specialization in the audiovisual field and
communication. She has expanded her knowledge considerably in the fields of strategy
and online marketing, as well as content managers WordPress, from the point of view of
layout, CSS management and understanding of PHP code.
SEO and E-marketing expert.
She considers herself passionate about communication and the creation of new forms of
advertising and eMarketing, with ample creative capacity. She puts her passion and her
knowledge in every job that she does and she has a broad empathic general capacity.
3.4.- DEVELOPMENT TIMELINE
FUTURE: Working every day to create a big brand globally, identifying
companies and investing in projects that fight climate change. We will
become a symbol for this cause!!
4.- TECHNICAL ANALYSIS
4.1.- TECHNOLOGY USED
1. Token Contract as a basis for Climatecoin CO2 Token
C02 is a token issued within an eToken1 contract. There will be 5 0 0 . 0 0 0 . 0 0 0
C O 2 tokens created for the ICO. No further CO2 will be generated after this phase of
the project.
CO2 Token is an Ethereum smart contract, written using Solidity2 programming
language by programmer3. It enables issuance of tokens in Ethereum network and
provides a rich set of features:
13
1. Implementation of ICAP4 for multi-layer transaction routing
2. Account recovery for the lost key scenario
3. Allowances
4. Automatic ethereum network fee refunds
5. Integrated exchange with Ether currency
6. Ability to set transaction fees
eToken also implements EIP205, also known as Standardized Contract API. EIP20
compatibility ensures that integration with exchanges and other services will be no
harder than for any other Ethereum-based token.
System Architecture Overview
Concerns Breakdown
Climatecoin Project consists of 3 layers of software responsible for different concerns, as
shown below:
Ethereum Network
1. Network infrastructure
2. Data persistence layer
3. Consensus/enforcement of the contract logic
4. Transaction execution
CO2 Token Contract
1. Token issuance algorithm
2. Account balances database
3. Transaction rules
Wallet Software
1. User interfaces
2. Business logic of token users
3. Transaction creation
14
System Architecture Overview
System-level Interaction Diagram
The eToken protocol supports 2 primary account security models: user-side keys and
hosted wallet.
User-side Keys
In this case, private key that unlocks account is known only to end-user.
EthereumNetwork
Contract
Other smart contracts
15
Network-level Interaction Diagram
Ethereum network provides a medium for interaction between companies and users.
Parties interact by sending transactions to the Climatecoin contract. All transactions
are validated by contract business logic and recorded in the blockchain. Contract API is
open to all internet users and anyone can become a user of the CO2 token.
Hosted Wallet
In this case, financial institution (exchange or wallet provider) is responsible for key
security. Only 1-2 keys per institution are used and transactions are routed to specific
user accounts using ICAP6 protocol.
16
5.- TOKEN SALE
5.1.- DETAILS
Climatecoin Organization is issuing CO2 Tokens through the smart contract system operated by
Ethereum (ref to Annex 1).
Climatecoin Foundation is a public registered body in Switzerland with legal
responsibilities and is subject to audits. This will ensure the transparency of operations and
the secure custody of the funds.
The company will hire a world known audit company in order to take care of all audit issues.
We are Corporate Members of the Crypto Association in Zug Switzerland like many great
blockchain companies and successful cryptocurrencies.
Token name: CO2 Token - Climatecoin Profit-Share Smart Contract
The Tokens will be assigned pro-rata to the funds provided to Climatecoin FOUNDATION in the
International Coin Offering (ICO).
The launch of the CO2 Token is organized around smart contracts running on Ethereum.
Summary:
• Participants willing to contribute to and support the development of the C02 can do so by
sending ether to the designated address.
• By doing so contributors create CO2 Tokens at the rate of 250 CO2 per ETH.
• It will begin on October 1st
• Contribution Period will run for 30 days (until November 1st, or within 36 hours of the soft cap
being achieved.
• There will be a pre-sale on the 23h of September during 7 days for contributors of more than
100 ETH capped at 100.000 ETH.
• All unsold tokens will be burned.
• Climatecoin GMBH controls the contract and the address to which gathered ether will be sent
(implemented as a multisig address).
• CO2 tokens received by Contributors will be transferrable 7 days after the end of the
Contribution Period. (7 days Cliff)
• Security Audits: To ensure beyond any doubt that funds will be secure, we are working with
some of the most respected Ethereum security advisors. The results of the audits will be
made public.
Token Sale Discount Bonus for early participants:
AVAILABLE TOKEN BONUS ETH COMMITED
25% 150.000 ETH
20% 150.000 ETH – 250.000 ETH
15% 250.000 ETH – 350.000 ETH
5% 350.000 ETH – 450.000 ETH
0 % +500.000 ETH
5.2.-CLIMATECOIN CO2 Token distribution
Crodwsale
51%
Reserve
29%
Team
20%
Crodwsale Reserve Team
80% of all tokens will be distributed to the public in the medium-long term. This will
ensure long term growth of the Climatecoin Organization and of the CO2 Tokens.
51% of all tokens will be distributed during the Climatecoin Initial CO2 Token Sale.
29% of all tokens will be retained for future reserve: They will be held in a multisig and
are intended to be slowly distributed periodically at a later date for faster growth if
needed. The Reserve will not be accessed for a minimum of 4 quarters (12 months), and
will be re-locked or burned if deemed unnecessary for the growth of the business. We
may need to enter deals or to increase the money in a company already participated to
make it profitable or to reach certain milestones.
20% of CO2 Tokens created during the Contribution Period will be allocated to
Climatecoin Founders, Team, Advisors and Strategic partners over a 24 month vesting
period, with a 6 month cliff. This means these tokens will not be immediately tradable,
further aligning the Founders interests with executing upon the long term goals for the
project.
17
DISTRIBUTION OF FUNDS AFTER CO2 TOKEN SALE
• 60% Business Development & stake purchases: Companies and/or stakes
acquisition, as our main objective & funding for the CLIMATECOIN physical
development.
• 10% Core Dev: Expansion of the Climatecoin development team who will
implement our various functionalities: Venture capital expert, business Manager,
blockchain expert, etc.. Additional industry specialists will be hired.
• 15% Marketing: Online marketing in order to generate awareness in the Blockchain
and Climate Change market about CLIMATECOIN existence in order to become a
symbol for the cause.
• 10% Reserve: For future unforeseen costs.
• 5% Legal & Compliance: Most of which will be allocated for companies
acquisitions deals and creation of the worldwide network of companies acquired; a
minor part of that will go to administration/accounting.
18
Business
Development
60%Core Dev
10%
Reserve
10%
Marketing
15%
Legal
5%
Our Dynamic Size
Blockchain and Environmental Venture capital current market situation is very complex as many
Organizations are creating funds and organizations to enter it and to profit from it, so our job
must be finding the best deals and the best companies to be really able to succeed in our
commitment of changing the world. This can be capital intensive and at the beginning very hard
work to create a world known Organization as a brand. In this road we already have something
that differentiate us, CLIMATECOIN cryptocurrency is going to become a symbol. We are
aiming at an ambitious strategy to position CLIMATECOIN in any place in the world with
all raised funds above our Core Operating Budget (80-90% of raised funds) to ensure our
success and create a “floor” effect on the C02 Token price.
Core Operating Budget projection: ETH 31.699,39 ETH Calculated
at 250 USD=1 ETH ex.rate.
CORE OPERATING BUDGET 2018 2019 2020 2021
STAFFING
Full Time Employees
PRESIDENT 850,00 ETH 863,00 ETH 876,26 ETH 889,78 ETH
CEO 850,00 ETH 863,00 ETH 876,26 ETH 889,78 ETH
Venture Capital Expert 500,00 ETH 510,00 ETH 520,20 ETH 530,60 ETH
Marketing & Social Media Manager 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH
Business Manager 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH
Programmer 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH
Total Full Time 3.100,00 ETH 3.154,00 ETH 3.209,08 ETH 3.265,24 ETH
Contractors
Blockchain Engineer 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH
Website & Internet services 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH
App Developer & maintenance 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH
Total Contractors 900,00 ETH 918,00 ETH 936,36 ETH 955,08 ETH
Total Payroll 4.000,00 ETH 4.072,00 ETH 4.145,44 ETH 4.220,32 ETH
OTHER OPERATING EXPENSES
Rent 200,00 ETH 206,00 ETH 212,12 ETH 218,36 ETH
Accounting 50,00 ETH 51,00 ETH 52,02 ETH 53,06 ETH
Bank Service Charges 5,00 ETH 5,10 ETH 5,20 ETH 5,31 ETH
Marketing & PR Firm 1.500,00 ETH 1.530,00 ETH 1.560,60 ETH 1.591,81 ETH
IT Expenses 50,00 ETH 51,00 ETH 52,02 ETH 53,06 ETH
Travel 150,00 ETH 153,00 ETH 156,06 ETH 153,06 ETH
Oher Consulting 150,00 ETH 153,00 ETH 156,06 ETH 159,18 ETH
Legal 600,00 ETH 610,00 ETH 618,00 ETH 630,00 ETH
Reserve 1.000,00 ETH 1.020,00 ETH 1.040,40 ETH 1.061,21 ETH
Total Other Operating Expenses 3.705,00 ETH 3.779,10 ETH 3.852,48 ETH 3.925,05 ETH
Total Operating Expenses 7.705,00 ETH 7.851,10 ETH 7.997,92 ETH 8.145,37 ETH
19
All funds raised above the Core Operating Budget will be used to consolidate and
boost the CO2 Token value by purchasing stakes in companies and/or projects and
with marketing efforts for making CLIMATECOIN a worldwide reference for this cause.
All this will create a “floor” effect on the C02 Token price.
5.3.- HOW TO PARTICIPATE
Go to: https://crowdsale.climatecoin.io or http://climatecoin.io and go to the ICO
section.
Click the button that says “CONTRIBUTE”.
Follow the instructions prompted by the site to select if you are buying tokens with
Ethers, as you have already a wallet or you need to create one.
Only Ether can be contributed and turned into CLIMATECOIN CO2 tokens.
In case you don’t have a wallet, the creation is simple and you can follow easy steps
from our website climatecoin.io once you click the CONTRIBUTE button.
You can claim your tokens once the crowdsale is over.
LONG TERM VISION
About eight years ago, a pseudonymous cryptographer known as Satoshi Nakamoto
introduced Bitcoin as a digital analog to gold: Limited in supply, but secured by
modern cryptography, and made for the internet age.
Since then, many have tried to improve on Satoshi’s original vision, and thousands of
alternative cryptocurrencies have been born.
The value of all the cryptocurrencies in existence, such as Bitcoin and Ether, checks in
at $50-$100 billion, slightly ahead of Bill Gates fortune. However, the market for
cryptocurrencies remains very niche. Cryptocurrencies still have shortcomings that
discourage mainstream use, in particular high volatility and barriers to entry.
There are many assets in the world which people choose as a store of value, a
transactional medium, or an investment. Blockchain is a better technology for
transacting, storing, and accounting for these assets. Most estimates measure global
wealth around 250 trillion dollars with much of that being held by banks or similar
financial institutions.
The migration of these assets into Cryptocurrency represents a tremendous
opportunity and if this migration comes for saving our Planet the opportunity is
exponential.
20
CLIMATECOIN technology will enable a possibility for anyone to participate in the fight
for saving our Planet. As soon as this symbol gets known worldwide it will become an
exponential way to store and to create value for all citizens of the world.
CLIMATECOIN provides tangible assets to measure this currency appreciation and at
the same time measures the will of the people for saving this Planet.
Acknowledgements
We would like to thank everyone that participated in this Whitepaper assisting and
supporting us for the past months. We also want to thank Satoshi Nakamoto, The
Ethereum Foundation, and the entire Blockchain community, Mist, Metamask, Parity
and MEW for paving the way over the past 8 years. The best is yet to come.
21

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Climatecoin whitepaper

  • 1. CLIMATECOIN WHITEPAPER The first cryptocurrency that creates one way for everyone to participate in the fight against Climate Change. AUGUST 2017
  • 2. TABLE OF CONTENTS 1.- INTRODUCTION 01 1.1.- CLIMATE CHANGE & BLOCKCHAIN FACTS 01 1.2.- MEET CLIMATECOIN 03 2.- ECONOMICAL FACTS AND OPPORTUNITY 04 2.1.- MARKET OPPORTUNITY 04 2.2.- CRYPTOCOINS OPPORTUNITY 05 3.- OUR VISION 06 3.1.- PURPOSE 06 3.2.- CLIMATE COIN INVESTMENT DIFFERENTIATION 06 3.3.- OUR TEAM 08 3.4.- DEVELOPMENT TIMELINE 13 4.- TECHNICAL ANALYSIS 13 4.1.- TECHNOLOGY USED 13 5.- TOKEN SALE 16 5.1.- DETAILS 16 5.2.- TOKEN DISTRIBUTION 17 5.3.- HOW TO PARTICIPATE 20
  • 3. 1.- INTRODUCTION 1.1.- CLIMATE CHANGE & BLOCKCHAIN FACTS We are in a moment where the Global Climate Change problem is obviously getting worst every time and it is not a matter of discussion as there is tangible data that states the reality of it. 1) Carbon dioxide levels in the air are at their highest in 650.000 years (406,17 part per million). 2) 16 of the 17 warmest years on record have occurred since 2001. 3) In 2012 Artic summer sea ice shrank to the lowest extent on record. 4) Satellite data show that Earth's polar ice sheets are losing mass (287 Giggatones per year). The reality is that Governments and politics are not all involved together with enough strength (using all the resources they have) to fight this problem; also, the total strength made in the world by any organization, private company or individual is not enough to solve the problem. They are not going to solve this problem so we need to do it for them. So, Are individuals going to solve it? People see the Climate Change as a real problem, they are getting aware of what is in the game and they are willing to contribute to this problem every time more and more with their daily behavior and habits and if this is not enough, most of them are willing to also contribute with money to save our environment and in definitive to save our world if in e.g. the climate change problem could be quantified and let’s say that with 15 USD each person in the world we solve this problem everybody would contribute. But, in this reality that should be obvious and that everybody should embrace, 2 problems appear: 1) human nature: what it should be a common effort to save a common property like it is our nature, our earth… people would start thinking that they are giving too much money to this cause because not all the people is contributing the same than they do (if everybody do not contributes with the 15 USD, why Should I give 15 USD?, I will give only 5USD or I do not give anything); at the same time people would think that Governments and public Organizations that should be the ones that solve this problem, if they do not contribute the necessary or take the necessary steps to solve the problem, what should they try to solve it? They are just one person! This would be a variant of what is called by economists the “tragedy of the commons” or the “Public Goods Problem”. LET’S CALL IT THE INSOLIDARITY SYMPTOM 1
  • 4. This takes us to the problem 2) on the assumption that people would be willing to contribute to the problem with the money needed, who is going to organize this? Who is going to make a collection, a detail of the total efforts that need to be made and also measure the efforts that are being made? GOVERNMENTS? They had a positive initiative, the Paris Agreement, that even that is not enough to solve the problem, it is a beginning and it put together all countries in the world to face a common problem. Recently USA left the agreement and is the second country with more emissions in the world, with 5.172.338 Kilo/Tons only in 2015. BLOCKCHAIN Blockchain is the technology behind bitcoin, the cryptocurrency everyone's talking about. It supports secure and reliable financial transactions between two parties without intermediaries, thus driving down costs. A blockchain is a type of distributed ledger that uses encryption to store permanent and tamper-proof records of transaction data. The data is stored via a peer-to-peer network using a "consensus" principle to validate each transaction. One of the major benefits of a blockchain system is that it holds promise to eliminate - - or vastly reduce -- friction and costs in a wide variety of applications, most prominently financial services, because it eliminates a central authority (e.g., a clearing house) in conducting and validating transactions, transactions go straight from sender to receiver. Blockchain, has been proven to be a groundbreaking technology in society today, being adopted by big multinationals around the world from different sectors, making great investments in this matter and even protecting their achievements with patents in order to not being outstripped by a new fintech companies. Also, blockchain creates great synergies with the Internet of things (IOT), that is the inter-networking of physical devices (also referred to as "connected devices" and "smart devices"), vehicles, buildings, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data. The IoT allows objects to be sensed or controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, and resulting in improved efficiency, accuracy and economic benefit in addition to reduced human intervention. What if people would find one Organization, and one product, that would make them realize that with their money contribution they are really helping to solve the problem of Climate Change and that at the same time this product would solve the Insolidarity Symptom? What if also this product would be a blockchain technology system, a cryptocurrency and could get appreciation for holding it? 2
  • 5. 1.2.- MEET CLIMATECOIN CLIMATECOIN CO2 Token is a new and unique cryptocurrency based in Ethereum that permits any citizen in the world to participate in the Climate Change fight and that uses blockchain technology for that purposes. Our CO2 token is a mechanism that makes possible for the participation of CLIMATECOIN Organization in companies that create solutions against climate change and that use blockchain in any of their processes. We will provide investment, advise and blockchain guidance to these companies to make certain products economically feasible, as the companies must be profitable to be able to redeem dividends to our Organization and therefore make our currency to appreciate in value. At the same time, CLIMATECOIN is closing agreements with United Nations and is already capable to buy companies that have Carbon credits selling authorization as another way of income for our companies and indirectly for our currency appreciation. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). (https://en.wikipedia.org/wiki/Carbon_credit) With the money the Organization gets from the CO2 token purchases worldwide, will be buying companies (or stakes on them) that are currently fighting the Climate Change problem; CLIMATECOIN may be buying already running companies already profitable, make seed investments in early stage companies, create our own companies or projects (solar, wind...), or buying solutions from others to use them in our companies. Our mission is to create a symbol for everyone in the world, a unique possibility for them to participate in this fight to save our planet. The symbol is a currency that will get more appreciation as gets every time more known, our companies generate more profits and therefore also our coin is more contributed. We will install a new tracking system (IOT), in the companies we participate in general, so the customer will be able trough a new CLIMATECOIN Application (App) or through our Climatecoin.io website, to track the money they are going to perceive that year, the CO2 tons that we are reducing, the carbon credits we sold with its correspondent benefit. The information, as we use blockchain and IOT technology will be very fluid and constantly updated. We We know that the companies focused in environmental projects have more difficulties to get investment, to manage their products to be cost competitive and compete with other companies that contaminate in their processes. We will be helping in all this process, investing, advising how to manage the company and trying to get the best competitive products for being able to have a competitive company that can replace a contaminating company. 3
  • 6. In order to guarantee that the money raised will be used for acquiring companies/products/services that fight climate change and companies that must be profitable, we will be hiring a world known audit company, in order to witness about the correct managing of the company: the destiny of the funds for acquisition and the companies acquired. At the same time, we are closing agreements with Big institutions and organizations that agglutinate the best and more innovative companies in the environment preservation world. Also, we are creating a Board of advisors with very relevant people from the energy, venture capital and technology fields in order to guarantee that the company is focused in its mission. 2.- ECONOMICAL FACTS AND OPPORTUNITY 2.1- MARKET OPPORTUNITY The OCDE estimates that around 103 trillion USD of cumulate investment between 2016 to 2030 is needed to mitigate climate change, so that means big profits for all these related companies that we are buying or participating. Climate Investment Opportunities Total $23 Trillion in Emerging Markets by 2030, says Report [1] Since the Paris Agreement was adopted in December 2015, a total of 189 countries have submitted their national plans that target aggressive growth in climate solutions— including renewable energy, low-carbon cities, energy efficiency, sustainable forest management, and climate-smart agriculture. These plans, called Nationally Determined Contributions (NDCs), offer a clear roadmap for investments that will target climate- resilient infrastructure and offset higher upfront costs through efficiency gains and fuel savings. An IFC report launched in November shows that the historic global agreement on climate change adopted in Paris helped open up nearly $23 trillion in opportunities for climate-smart investments in emerging markets between now and 2030. IFC’s study, based on the national climate-change commitments and underlying policies of 21 emerging-market economies, representing 48 percent of global emissions, identifies sectors in each region where the potential for investment is greatest. This includes: 4
  • 7. • East Asia and the Pacific: green buildings—where China, Indonesia, the Philippines, and Vietnam show a climate-smart investment potential of $16 trillion. • Latin America and the Caribbean offer the next largest opportunity—particularly in sustainable transportation, where the potential for investment in Argentina, Brazil, Colombia, and Mexico is about $2.6 trillion. • South Asia: Opportunities are mostly seen in climate-resilient infrastructure, where $2.5 trillion of opportunities exist in India and Bangladesh. • Sub-Saharan Africa represents a $783 billion opportunity—particularly for clean energy in Cote d’Ivoire, Kenya, Nigeria, and South Africa. • Eastern Europe, with its biggest markets—Russia, Serbia, Turkey, and Ukraine—shows a combined investment potential of $665 billion, mostly in energy efficiency and new green buildings. • Middle East and North Africa: the total climate-investment potential for Egypt, Jordan, and Morocco is estimated at $265 billion, over a third of which is for renewable-energy generation, while 55 percent ($146 billion) is for climate-smart buildings, transportation, and waste solutions. World Bank Investments At least $16bn a year, from across the World Bank group, which includes other development and finance institutions, will be directed to climate change projects, including renewable energy and energy efficiency. The group will aim to mobilize $13bn in extra funding from the private sector within four years, for instance through joint funding programmes. By 2020, these efforts should amount to about $29bn a year, nearly a third of the $100bn a year in climate finance promised by rich countries to the poor as part of global climate change agreements. 2.2- CRYPTOCURRENCIES OPPORTUNITY Businesses across the globe spent $2.5 billion in 2016 on blockchain, and by 2025 that will rise to $19.9 billion, with the financial services sector accounting for the majority of the future market growth, predict different reports. “Blockchain technology is one of the most promising upcoming technological trends in the information technology domain,” according to Grand View Research. “Not only does the technology hold the ability to disrupt the way the financial sector often works but it will also have ramifications on many other industries including consumer goods, technology, and media and telecom, among others,” reads the report. Using blockchain as a way to approach more people in the world in a more simple, fast, reliable, confidential and safe way, makes this initiative a double value one as different appreciation possibilities appear for our currency. At the moment of this writing Bitcoin has a value of 2.971,99USD and Ethereum of 256,40USD. 5
  • 8. Ethereum has a Market Cap of $18 billion USD, with roughly $550.8 million worth of Ether exchanged every 24 hour period. Due to the programmable ability to run smart-contracts on the blockchain, large international institutions are beginning to find ways to leverage this network to reduce business costs. This is the primary advantage Ethereum has over bitcoin. Ethereum has experienced tremendous growth over the past year, with prices rising by a factor of 21. Such tremendous growth rates highlight a growing need for experienced, honest and reliable business based in Blockchain technology. Ethereum is being adopted by big institutions like in the HYPERLEDGER Project hosted by Linux Foundation that has among its members American Express, BBVA, The Bank of England, Airbus, SAP, Wells Fargo and Thomson Reuters.. 3.- OUR VISION 3.1- OUR PURPOSE In Climatecoin we want to turn around the current destructive process that is affecting our world. We want the world to be again a place where nature as an entity that is needed for our survival, is protected by all the citizens of the world. Therefore any single person will be able to buy one CLIMATECOIN to help to this cause. 3.2- CLIMATECOIN INVESTMENT DIFFERENTATION Recently different ICOs went public, generating great expectation for the future valuation of the tokens, without really having any tangible assets behind and with no future potential real benefits and resulting in traps for many ether holders as it was a mere way of speculation for most of the investors. Climatecoin is created to change the rules and brings blockchain to the real world. Our main differences with other ICOs are: 1. The money raised in our ICO will be mostly used for acquiring tangible assets with real value. As we stated above, the money is destined to buy companies with products or services that fight climate change, so our Organization will have shares of companies with real value and real assets. Our coin will get appreciation in a triple way: a) annual direct dividends from the companies participated by the Foundation and in case of any sale of any stake, also from capital gains, b) profits from the sale of Carbon credits, as our companies create rights to exchange with other companies that generate too much emissions (https://en.wikipedia.org/wiki/Carbon_credit) c) we want to become a symbol for everyone in this world and people will realize that our coin is a unique way of changing things. We are working together with United Nations in order to find the right companies for the stated above, bringing investment and professional management in order to achieve their/our goals. These companies already do have the approval of the UN for selling carbon credits. 6
  • 9. Audit control by one of the Big Four Auditing companies in the world, so the customer can be sure that the money raised is spent in Environmental preservation and profitable investments and we solve the 2 problems normally ICOs have: lack of regulation and investors rights protection. We will provide up to date information about our investments, the money the companies are making and the environmental benefits that we are creating, thanks to our Blockchain and IoT technology. At the same time, we will be spreading our blockchain and IoT system to other companies instead of the ones we have participation and where we sell the carbon credits. Must be clear that CO2 token holders are not owners of participations on CLIMATECOIN Organization, or in the companies acquired. Our main goal is currency appreciation by growing assets, create tangible value and be known worldwide as a symbol for Climate Change action. 7 EXECUTION AND FUTURE PROJECT EXECUTION BUSINESS ACQUISITION & DEVELOPMENT is the main dedication for the funds raised as investing in companies/projects must be our main objective. Depending on the money raised our impact will be faster and bigger as we will be able to have access to important projects and help them grow at a faster speed. Our determination is to think big in order to be able to make impact and therefore 200mm is the estimated amount we should need to invest e.g. 10mm in 20 projects or 1mm in 200 projects that can have traction and that can achieve real recognition and become a real solution for Climate Change. We will be selecting mainly projects proposed by United Nations. You can see some examples in this website: http://unfccc.int/ttclear/projects We will be applying for every Exchange house in the world in order to be able to be listed globally, so every person in the world will be able to buy CLIMATECOIN CO2 Tokens anywhere in the world. We will make all necessary marketing efforts to be able to position Climatecoin CO2 Token as the reference for the Climate change in the world.
  • 10. EMMANUEL LAGARRIGUE CHIEF STRATEGY OFFICER AT SCHNEIDER ELECTRIC https://www.linkedin.com/in/lagarrigue/ Member of the Board of the Executive Committee Schneider Electric. Expert in Business Management and Great Leader. GONZALO DE LA PEÑA CIFUENTES CEO AND FOUNDER AT OPENFINANCE https://www.linkedin.com/in/gonzalodelapena/ Gonzalo is an expert in systems for the analysis and management of Investment portfolios. It has more than 15 years experiende in this field and has participated in famous projects like Invertia and Openfinance. When he was 21 he was part of INVERTIA´s founding team, the first Spanish language financial site in the world, still leader in its segment. Afterwards created Openfinance (http://www.openfinance.es), a financial software company for Financial Advising and Portfolios Management. Openfinance became in a short period of time in the leader in its segment in Spain being used by the 70% of the companies in Spain. In 2012 Openfinance sold most of its shares (62%) to Bolsas y Mercados Españoles (BME) and to the Deutsche Börse, as a way to find a strategic partner to permit expand the business internationally. Gonzalo individually collaborates in other projects related to entrepreneurship that pretend revolutionize their sectors like PLD Space (http://www.pldspace.com/ Access to the Space for small payloads), Verse (https://joinverse.com/ Mobile payment system). 3.3. TEAM MEMBERS BOARD OF ADVISORS 8
  • 11. ANTONIO BENEDITO SERRANO Ex- Repsol Gas (SOLGAS) CEO and Ecuador Repsol Gas CEO Industrial Engineer - IESE MBA Broad experience in business management with managing positions in Balanzas Cobos in Barcelona, Repsol Gas in different positions until becoming CEO, Ros Casares Sales Manager in Valencia and finally before retiring CEO Grauforz Spain. MARCOS MARTIN LARRAÑAGA Co-founder & GP at Torret Road Capital Co-Founder at Menorca Millennials Torret Road Capital - MDT Executive Program https://www.linkedin.com/in/marcosmartin07 Broad experience in business management, fundraising processes and investor relations. Has served as a Board Member at several early stage companies giving strategic advice. Has +15 years of experience in the European energy sector. Co-founder of B-strategies, co-founder of the European Pellets Council, co-founder of Menorca Millennials, co- founder of Torret Road. Holds an Executive degree from MDT, a Master’s degree in Business Administration from INDAE Business School and a Master’s Degree in Engineering from the UVa, having specialized in the energy industry. Among others: 4YFN - BARCELONA MOBILE WORLD CAPITAL judge STARTUP CHILE judge Forest Europe Expert al C&I SFM Forum FAO consultant World Bioenergy Association Expert 9
  • 12. ANTONIO LIU YANG ICAM Lawyer, CHINADESK Director • Intercultural Teacher and consultant CN_ES • Speaker https://www.linkedin.com/in/antonioliuyang/ Consultant that has managed the opening to spanish companies of the chinese social Media and the Wanda Project for the Villarreal Soccer Club. He has coordinated the Asian Entrepreneurship of the European Center for Innovative companies. He has managed the educational Project of the Greenland Shanghai Shenhua S.C. in Spain. Service provider for Valencia Major Hall and Export Valencia Institute. I collaborate as a visiting professor in Chinese and in Spanish in a dozen masters by different universities like the Madrid Complutense, Catholic University of Valencia, the Alcalá de Henares and business schools like ESERP or INEDE. As a regular lecturer I have collaborated with institutions such as Casa Asia, Adeit, Foment de Treball, Ceimigra, Cajasol Institute, Chambers of Commerce, DPEV, Salón Mi Empresa and others. Awarded with the Prize of First Young Talent of the Valencian Community in 2013 and the Gold Medal of the Forum Europe for his professional career year 2015, among other prizes. 10 ALEX DAHAN Founder at OpenInfluence | Forbes 30 Under 30 | Blockchain Investor & Advisor INSTABRAND CEO & CO-FOUNDER https://www.linkedin.com/in/alex-dahan-01a13a6b/
  • 13. TECHNICAL STAFF 11 PEDRO J. GARCIA VICE-PRESIDENT SOLMED ALLIANCE ESTEMA UNIVERSITY VALENCIA UNIVERSITY OF CALIFORNIA - BERKELEY PDD SOLMED Alliance is a facility services company and leader in quality management. Their aim is to support our clients, adding value in every project and working with the maximum security to guarantee the satisfaction in each operation they manage around the world. Borja Herrero Web Developer. Software engineer with 8 years of experience developing web applications such as corporative websites, e-commerce and learning management systems, always using state-of-the-art web and mobile technologies. Demanding of himself and meticulous on his work, he is specialized in frontend development, HTML5, CSS3, Javascript, PHP, MySQL and CMS's as WordPress. https://www.linkedin.com/in/borjaherrero/ AMPARO SANCHIS ASSOCIATE PARTNER KPMG SPAIN https://www.linkedin.com/in/amparo-sanchis-85031810/ Lawyer, European most reputed VAT Expert. Tax expert advisor for big companies, funds and multinationals. Desire to contribute to the Climate Change fight.
  • 14. 12 David Ortega Ethereum Developer Started with Blockchain in 2016 testing different capabilities for public and private blockchains as ethereum and multichain. He spends his spare time reading about security in smart contracts. Before Blockchain he was iOS developer in several big projects like FCBarcelona official APP or Glassy Pro. Specialties: Blockchain, Design Patterns, agile methodologies, team leading, iOS dev elopment, Apple, mysql and postgresql, HTML5, CSS3, Django, Web standards. https://www.linkedin.com/in/dortega/ MARKETING Ana Karen ZS CLIMATECOIN Marketing Management •CLIMATECOIN •Universitat Politècnica de València (UPV) •Marketing Professional. She started her specialization in the audiovisual field and communication. She has expanded her knowledge considerably in the fields of strategy and online marketing, as well as content managers WordPress, from the point of view of layout, CSS management and understanding of PHP code. SEO and E-marketing expert. She considers herself passionate about communication and the creation of new forms of advertising and eMarketing, with ample creative capacity. She puts her passion and her knowledge in every job that she does and she has a broad empathic general capacity.
  • 15. 3.4.- DEVELOPMENT TIMELINE FUTURE: Working every day to create a big brand globally, identifying companies and investing in projects that fight climate change. We will become a symbol for this cause!! 4.- TECHNICAL ANALYSIS 4.1.- TECHNOLOGY USED 1. Token Contract as a basis for Climatecoin CO2 Token C02 is a token issued within an eToken1 contract. There will be 5 0 0 . 0 0 0 . 0 0 0 C O 2 tokens created for the ICO. No further CO2 will be generated after this phase of the project. CO2 Token is an Ethereum smart contract, written using Solidity2 programming language by programmer3. It enables issuance of tokens in Ethereum network and provides a rich set of features: 13
  • 16. 1. Implementation of ICAP4 for multi-layer transaction routing 2. Account recovery for the lost key scenario 3. Allowances 4. Automatic ethereum network fee refunds 5. Integrated exchange with Ether currency 6. Ability to set transaction fees eToken also implements EIP205, also known as Standardized Contract API. EIP20 compatibility ensures that integration with exchanges and other services will be no harder than for any other Ethereum-based token. System Architecture Overview Concerns Breakdown Climatecoin Project consists of 3 layers of software responsible for different concerns, as shown below: Ethereum Network 1. Network infrastructure 2. Data persistence layer 3. Consensus/enforcement of the contract logic 4. Transaction execution CO2 Token Contract 1. Token issuance algorithm 2. Account balances database 3. Transaction rules Wallet Software 1. User interfaces 2. Business logic of token users 3. Transaction creation 14
  • 17. System Architecture Overview System-level Interaction Diagram The eToken protocol supports 2 primary account security models: user-side keys and hosted wallet. User-side Keys In this case, private key that unlocks account is known only to end-user. EthereumNetwork Contract Other smart contracts 15 Network-level Interaction Diagram Ethereum network provides a medium for interaction between companies and users. Parties interact by sending transactions to the Climatecoin contract. All transactions are validated by contract business logic and recorded in the blockchain. Contract API is open to all internet users and anyone can become a user of the CO2 token.
  • 18. Hosted Wallet In this case, financial institution (exchange or wallet provider) is responsible for key security. Only 1-2 keys per institution are used and transactions are routed to specific user accounts using ICAP6 protocol. 16 5.- TOKEN SALE 5.1.- DETAILS Climatecoin Organization is issuing CO2 Tokens through the smart contract system operated by Ethereum (ref to Annex 1). Climatecoin Foundation is a public registered body in Switzerland with legal responsibilities and is subject to audits. This will ensure the transparency of operations and the secure custody of the funds. The company will hire a world known audit company in order to take care of all audit issues. We are Corporate Members of the Crypto Association in Zug Switzerland like many great blockchain companies and successful cryptocurrencies. Token name: CO2 Token - Climatecoin Profit-Share Smart Contract The Tokens will be assigned pro-rata to the funds provided to Climatecoin FOUNDATION in the International Coin Offering (ICO). The launch of the CO2 Token is organized around smart contracts running on Ethereum. Summary: • Participants willing to contribute to and support the development of the C02 can do so by sending ether to the designated address. • By doing so contributors create CO2 Tokens at the rate of 250 CO2 per ETH. • It will begin on October 1st • Contribution Period will run for 30 days (until November 1st, or within 36 hours of the soft cap being achieved. • There will be a pre-sale on the 23h of September during 7 days for contributors of more than 100 ETH capped at 100.000 ETH. • All unsold tokens will be burned. • Climatecoin GMBH controls the contract and the address to which gathered ether will be sent (implemented as a multisig address). • CO2 tokens received by Contributors will be transferrable 7 days after the end of the Contribution Period. (7 days Cliff) • Security Audits: To ensure beyond any doubt that funds will be secure, we are working with some of the most respected Ethereum security advisors. The results of the audits will be made public.
  • 19. Token Sale Discount Bonus for early participants: AVAILABLE TOKEN BONUS ETH COMMITED 25% 150.000 ETH 20% 150.000 ETH – 250.000 ETH 15% 250.000 ETH – 350.000 ETH 5% 350.000 ETH – 450.000 ETH 0 % +500.000 ETH 5.2.-CLIMATECOIN CO2 Token distribution Crodwsale 51% Reserve 29% Team 20% Crodwsale Reserve Team 80% of all tokens will be distributed to the public in the medium-long term. This will ensure long term growth of the Climatecoin Organization and of the CO2 Tokens. 51% of all tokens will be distributed during the Climatecoin Initial CO2 Token Sale. 29% of all tokens will be retained for future reserve: They will be held in a multisig and are intended to be slowly distributed periodically at a later date for faster growth if needed. The Reserve will not be accessed for a minimum of 4 quarters (12 months), and will be re-locked or burned if deemed unnecessary for the growth of the business. We may need to enter deals or to increase the money in a company already participated to make it profitable or to reach certain milestones. 20% of CO2 Tokens created during the Contribution Period will be allocated to Climatecoin Founders, Team, Advisors and Strategic partners over a 24 month vesting period, with a 6 month cliff. This means these tokens will not be immediately tradable, further aligning the Founders interests with executing upon the long term goals for the project. 17
  • 20. DISTRIBUTION OF FUNDS AFTER CO2 TOKEN SALE • 60% Business Development & stake purchases: Companies and/or stakes acquisition, as our main objective & funding for the CLIMATECOIN physical development. • 10% Core Dev: Expansion of the Climatecoin development team who will implement our various functionalities: Venture capital expert, business Manager, blockchain expert, etc.. Additional industry specialists will be hired. • 15% Marketing: Online marketing in order to generate awareness in the Blockchain and Climate Change market about CLIMATECOIN existence in order to become a symbol for the cause. • 10% Reserve: For future unforeseen costs. • 5% Legal & Compliance: Most of which will be allocated for companies acquisitions deals and creation of the worldwide network of companies acquired; a minor part of that will go to administration/accounting. 18 Business Development 60%Core Dev 10% Reserve 10% Marketing 15% Legal 5% Our Dynamic Size Blockchain and Environmental Venture capital current market situation is very complex as many Organizations are creating funds and organizations to enter it and to profit from it, so our job must be finding the best deals and the best companies to be really able to succeed in our commitment of changing the world. This can be capital intensive and at the beginning very hard work to create a world known Organization as a brand. In this road we already have something that differentiate us, CLIMATECOIN cryptocurrency is going to become a symbol. We are aiming at an ambitious strategy to position CLIMATECOIN in any place in the world with all raised funds above our Core Operating Budget (80-90% of raised funds) to ensure our success and create a “floor” effect on the C02 Token price.
  • 21. Core Operating Budget projection: ETH 31.699,39 ETH Calculated at 250 USD=1 ETH ex.rate. CORE OPERATING BUDGET 2018 2019 2020 2021 STAFFING Full Time Employees PRESIDENT 850,00 ETH 863,00 ETH 876,26 ETH 889,78 ETH CEO 850,00 ETH 863,00 ETH 876,26 ETH 889,78 ETH Venture Capital Expert 500,00 ETH 510,00 ETH 520,20 ETH 530,60 ETH Marketing & Social Media Manager 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH Business Manager 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH Programmer 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH Total Full Time 3.100,00 ETH 3.154,00 ETH 3.209,08 ETH 3.265,24 ETH Contractors Blockchain Engineer 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH Website & Internet services 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH App Developer & maintenance 300,00 ETH 306,00 ETH 312,12 ETH 318,36 ETH Total Contractors 900,00 ETH 918,00 ETH 936,36 ETH 955,08 ETH Total Payroll 4.000,00 ETH 4.072,00 ETH 4.145,44 ETH 4.220,32 ETH OTHER OPERATING EXPENSES Rent 200,00 ETH 206,00 ETH 212,12 ETH 218,36 ETH Accounting 50,00 ETH 51,00 ETH 52,02 ETH 53,06 ETH Bank Service Charges 5,00 ETH 5,10 ETH 5,20 ETH 5,31 ETH Marketing & PR Firm 1.500,00 ETH 1.530,00 ETH 1.560,60 ETH 1.591,81 ETH IT Expenses 50,00 ETH 51,00 ETH 52,02 ETH 53,06 ETH Travel 150,00 ETH 153,00 ETH 156,06 ETH 153,06 ETH Oher Consulting 150,00 ETH 153,00 ETH 156,06 ETH 159,18 ETH Legal 600,00 ETH 610,00 ETH 618,00 ETH 630,00 ETH Reserve 1.000,00 ETH 1.020,00 ETH 1.040,40 ETH 1.061,21 ETH Total Other Operating Expenses 3.705,00 ETH 3.779,10 ETH 3.852,48 ETH 3.925,05 ETH Total Operating Expenses 7.705,00 ETH 7.851,10 ETH 7.997,92 ETH 8.145,37 ETH 19
  • 22. All funds raised above the Core Operating Budget will be used to consolidate and boost the CO2 Token value by purchasing stakes in companies and/or projects and with marketing efforts for making CLIMATECOIN a worldwide reference for this cause. All this will create a “floor” effect on the C02 Token price. 5.3.- HOW TO PARTICIPATE Go to: https://crowdsale.climatecoin.io or http://climatecoin.io and go to the ICO section. Click the button that says “CONTRIBUTE”. Follow the instructions prompted by the site to select if you are buying tokens with Ethers, as you have already a wallet or you need to create one. Only Ether can be contributed and turned into CLIMATECOIN CO2 tokens. In case you don’t have a wallet, the creation is simple and you can follow easy steps from our website climatecoin.io once you click the CONTRIBUTE button. You can claim your tokens once the crowdsale is over. LONG TERM VISION About eight years ago, a pseudonymous cryptographer known as Satoshi Nakamoto introduced Bitcoin as a digital analog to gold: Limited in supply, but secured by modern cryptography, and made for the internet age. Since then, many have tried to improve on Satoshi’s original vision, and thousands of alternative cryptocurrencies have been born. The value of all the cryptocurrencies in existence, such as Bitcoin and Ether, checks in at $50-$100 billion, slightly ahead of Bill Gates fortune. However, the market for cryptocurrencies remains very niche. Cryptocurrencies still have shortcomings that discourage mainstream use, in particular high volatility and barriers to entry. There are many assets in the world which people choose as a store of value, a transactional medium, or an investment. Blockchain is a better technology for transacting, storing, and accounting for these assets. Most estimates measure global wealth around 250 trillion dollars with much of that being held by banks or similar financial institutions. The migration of these assets into Cryptocurrency represents a tremendous opportunity and if this migration comes for saving our Planet the opportunity is exponential. 20
  • 23. CLIMATECOIN technology will enable a possibility for anyone to participate in the fight for saving our Planet. As soon as this symbol gets known worldwide it will become an exponential way to store and to create value for all citizens of the world. CLIMATECOIN provides tangible assets to measure this currency appreciation and at the same time measures the will of the people for saving this Planet. Acknowledgements We would like to thank everyone that participated in this Whitepaper assisting and supporting us for the past months. We also want to thank Satoshi Nakamoto, The Ethereum Foundation, and the entire Blockchain community, Mist, Metamask, Parity and MEW for paving the way over the past 8 years. The best is yet to come. 21