Feature Launch: Retirement Certificates

We have launched Retirement Certificates, enabling users to customize retirement transactions with a beneficiary name, wallet address and message.

Feature Launch: Retirement Certificates

๐Ÿ”Ž Toucan is on a mission to make the carbon space continuously more transparent

A key way to do this is to buy carbon credits and permanently and provably take them out of circulation by โ€œretiringโ€ them.

Adding a beneficiary and message to this event is what constitutes your claim (read: bragging right) for having contributed to positive climate action. You can then attribute this impact against your residual carbon footprint, helping you to achieve your personal or organizational climate goals.

The transparency and reliability of your retirement records (and the opportunity for the public to challenge any claims) is fundamental to the integrity and health of this market mechanism.

๐Ÿ“œ Permanent, immutable retirement records

Retiring TCO2s has been possible for quite some time, but so far has been an anonymous act - of great kindness, we might add!

With the launch of Retirement Certificates we have created the possibility to customize the retirement event for any TCO2 token.

The certificates enable you to add any or all of the above information as part of your retirement:

  • the name of the individual or company conducting the retirement
  • the name of the individual or company to who will claim the benefit the TCO2 being retired
  • the wallet address of this beneficiary
  • a message that you would like to connect to the retirement, for example to compensate for flying to an event or the launch of a product line

The moment you sign the transaction with your wallet, a data token (to be precise an ERC-721 NFT) holding all the information you specified is minted to your wallet and permanently, immutably and transparently connected with the retirement event, serving as robust proof of your claim.

Join us on Discord and Twitter and let us know what you think! Happy retiring ๐Ÿ˜Ž