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Highlights
- Dovu (DOV) partners with KlimaDAO to help people offset the impact of Web3 activity.
- The DOV token rose around 45% year-to-date, as per coinmarket.com.
- The token’s total supply is 963,761,390, and the circulating supply is 931,157,114.34.
The Dovu (DOV) Crypto has partnered with KlimaDAO to help people measure carbon footprint from mining and Web3 activities and offset the impact.
Dovu said it is now the analytics partner of Klima Infinity, a KlimaDAO initiative.
The high gas fee has been a major issue for crypto users. Blockchains charge them a fee for mining operations involving thousands of computers that create carbon footprints in the atmosphere. The Web3 activities also contribute to carbon emissions.
Dovu intends to reduce users' carbon footprints. Its website claims to offer solutions to offset carbon footprint across the planet. Dovu uses the expertise of soil scientists to calculate and verify data through 'Hedera Hashgraph '- a ledger technology to verify authenticity.
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Dovu calls its users Carbon Zero Heroes, who it claims contribute to tackling climate change by becoming a member. To get involved, one needs to purchase a Dovu certificate.
Klima DAO, Dovu’s partner, is a cryptocurrency group focused on climate activism. The group comprises environmentalists, entrepreneurs, and developers who aim to use blockchain technology to reduce carbon footprints.
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Dovu and Klima’s mission is to decarbonize the world through blockchain technology.
Under the partnership, both sides will integrate a carbon footprint calculator to the ‘to-be launched’ Klima Infinity interface to calculate personal carbon crypto debt through integrating with MetaMask wallet. The users will have to enter their carbon value into the interface for offsetting.
The Klima Infinity project aims to make organizations and people carbon neutral and carbon positive. KlimaDAO hopes its ecosystem will get higher visibility and value to the tokenized carbon credits with more users.
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Data source: coinmarketcap.com
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Tokenomics
Dovu’s current market cap is US$19.1 million. The token's total supply is 963,761,390, and the circulating supply is 931,157,114.34.
The DOV token traded 5.15% down to US$0.02053 at 10:42 am ET on Monday.
Dovu operates on the Ethereum platform. Its token is currently available for trading on Uniswap (V2), PancakeSwap (V2), Hotbit, and 1inch Liquidity Protocol.
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Is Dovu (DOV) Crypto A Zero-Carbon Hero?
Bottomline
Dovu CEO and co-founder Irfon Watkins said the voluntary carbon offset market is a niche segment, and the old methods will not help overcome the climate change issue.
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