Crypto whale invests $100,000 in C+Charge, the payment platform for EVs

Crypto whale invests 100000 in CCharge the payment platform for

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Investors are rushing to get the presale tokens of the promising project of C+Charge green cryptocurrency. As seen on BscScan, a whale recently got his hands on 99,000 tokens in one go. C+Charge is setting up a peer-to-peer payment platform for electric vehicle (EV) charging. This platform, powered by cryptocurrencies, could, according to observers, revolutionize the sector of EV charging.

Indeed, C+Charge’s platform will offer EV owners the opportunity to earn carbon credits every time they charge their vehicle, which is an industry first. Since launching its pre-sale round a few weeks ago, the project has already raised nearly $250,000. C+Charge’s CCHG token, which will power its EV charging app, is currently available for 0.013 USDT. According to some analysts, this is a very attractive price.

1673526248 974 Crypto whale invests 100000 in CCharge the payment platform for

What is C+Charge?

C+Load is a blockchain-based peer-to-peer payment platform designed to enable electric vehicle driverslike Tesla, to access the carbon credit market.

Indeed, EV drivers will use the C+Charge application to pay for the charging of their vehicle. They will make the payment using CCHG, the native cryptocurrency of C+Charge. In return, they will receive as a reward carbon credits in the form of GNT tokens or Goodness Native Tokens, which will be stored in their account on the C+Charge platform. The GNT token represents a verified, non-mandatory carbon credit, and it is backed by venture capital firms a16z Crypto and Samsung Next, as well as fund manager Invesco.

1673526248 981 Crypto whale invests 100000 in CCharge the payment platform for

The more EV chargers and drivers there are and the more CCHG they spend, the more they earn GNT tokens. EV owners with CCHG tokens can also passively earn carbon credits. There is a 1% tax on all transactions that the C+Charge platform spends on buying GNT carbon credits and then distributing them proportionally to CCHG token holders.

This application will not only serve as a payment platform for EV charging and a carbon credit tracking system, but will also allow users to easily geolocate nearby charging stations of them. Additionally, it will offer useful information such as real-time charger wait times and charging station technical diagnostics.

C+Charge should meet with great success with the development of the carbon credit market

Given the recent growth rate of the carbon credit market, C+Load could be very successful. This is certain, insofar as we are in a context of countries racing to fight against climate change. According to Refinitiv analysts, the value of carbon credits traded increased by 164% in 2022 to reach a total trade volume of $851 billion.

Furthermore, according to analysis by Coherent Market Insights, the capitalization of the global carbon credit market was approximately $211.5 billion in 2019. According to forecasts, it should reach more than 2,400 billion dollars by 2027. But the carbon credit market still has major problems, including that of its centralization and concentration.

The carbon credit market remains very dominated by big players, which makes it largely inaccessible to individuals. Large players in the industrial and manufacturing sector can thus buy and hold credits in bulk. This is the case for large sellers, such as electric vehicle producer Tesla, who can sell credits en masse.

However, until now, technology has not been there to balance the relationship between major players and individuals by democratizing access to this booming market. To that end, C+Charge aims to change that, while bringing other benefits to the EV charging industry. Among these, more transparent pricing and real-time information on charging stations.

Investors should also be aware that C+Charge is holding a $50,000 raffle. To be eligible to win this sum, you must hold at least $100 of CCHG on the day of the draw.

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Crypto whale invests $100,000 in C+Charge, the payment platform for EVs

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