Stargaze Carbon Neutrality through Purchasing and Retiring NCT

Description

Voting YES to this proposal indicates approval to address Stargaze's carbon emissions footprint by purchasing one year of carbon credits at worst-case projections through Regen Network.

Voting NO to this proposal indicates that this funding should not be allocated.

Based on feedback from carbon footprint data reported by validators of Regen Network, Stargaze is projected to emit at most 3525 tons a year in carbon, negatively affecting our climate. Regen Network, in partnership with Toucan and Moss.Earth has already launched a version of NCT on Polygon at a price of $10 per credit.

This proposal asks for a spend of 327,906 $STARS from the Community Pool to purchase 3,525 NCT from Regen Network to cover Stargaze's historical carbon emissions, confirming Stargaze's carbon neutrality blockchain up to October 2022.

Method

The $STARS will be transferred to a corresponding wallet on the Regen Network over IBC and used to purchase NCT. This will then be retired to offset Stargaze's carbon emissions.

Any $STARS remaining due to price fluctuations below the intentional 20% buffer to mitigate any price volatility, and a potentially lower NCT cost, will be returned to the Stargaze Community Pool.

Discussion: https://commonwealth.im/stargaze/discussion/4368-updated-make-stargaze-completely-carbonneutral