# Initial Carbon Offering (ICO2)

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The Kyoto Carbon Exchange is poised to bring a revolutionary advancement in the carbon market through the implementation of high integrity, digital forward carbon sales.&#x20;

The smart contract-driven process involves the issuance of tokens that represent a 'growing' carbon credit. As the project progresses and hits predetermined milestones, these tokens accrue value and functionality, eventually maturing into claim-eligible units. This method not only accelerates the funding of vital carbon reduction projects but also embeds a sense of accountability and progression, as the value of tokens is directly tied to project performance.

The Initial Carbon Offering (ICO2) allows Kyoto coin holders early access to our digital carbon credit, which will utilize our IaaS and be tradable on the Kyoto Carbon Exchange.
