StellarcarbonExplained
Sinking process
Our customers can sink tokens, meaning they buy the token and immediatly "lock it in". This locking means the is no longer a tradeable object and the investment into the project is now funded.
We don't like the term burn so we use sinking instead.
SinkingThe locking mechanism is contained within each transaction. Stellarcarbon only offers transactions that retire the purchased in exchange for CarbonSINK. As such, the customer will receive CarbonSINK in their wallet (not the itself) after the retirement is completed. The CarbonSINK asset represents an equal amount of sunk and cannot be traded.
Key guarantees for blockchain experts- Atomicity: both token burn and mint occur in a single Ledger transaction.
- Transparency: every sink is publicly visible on Stellar’s block explorer and in our audit tool.
- Traceability: on-chain events are correlated to off-chain retirements via requestId.