metadata: {"type": "project", "title": "Parisii", "logoImg": "bafkreif3ixmtaohmwqw2ykxaywpjcbprbkut22rgwyeasnn7itp54wxkmq", "website": "https://parisii.io/", "bannerImg": "bafkreientijia4tsjq2kchy653hymz3qhreisudqcrxnqfnc2r3ynazob4", "createdAt": 1699558616579, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..OrNj_Xe1v_lGtpw_Yc0ihDg86FdecjbXEi4na75oNouN-PX4IsH995I6BA_rHc7h42USKfAZQlNIBcs7Sm3nDw", "type": "Ed25519Signature2018", "created": "2023-11-09T20:21:24.743Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-09T20:21:24.743Z", "expirationDate": "2024-02-07T20:21:24.743Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xB7929400E4490a01752488daeAeDaABf161A9C6B", "hash": "v0.0.0:D0eV9/IF4W1TmR6o/iFLgERSbYsWfMELzf3M7w0vNW4=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Parisii_io"}}}, "description": "Parisii's focus on climate solutions is a defining aspect of its PARYS project, marking it as a unique player in the Web3 space. This initiative is distinguished by its direct alignment with the Paris Agreement, particularly in implementing Article 4 (carbon accounting and reporting) and Article 6 (carbon monetization). By addressing these critical components, Parisii not only contributes to the global effort to combat climate change but also pioneers a new approach in the integration of environmental responsibility with blockchain technology.\n\nParisii is developing PARYS,  an innovative financial instrument poised to significantly influence the transition towards a sustainable global economy. This initiative directly tackles the substantial climate finance gap highlighted in the Paris Agreement. Through the creation of PARYS, Parisii is blending the decentralized features of blockchain technology with the stability and familiarity of traditional financial markets. This combination results in a stable, synthetic asset specifically tailored to be a sustainable stablecoin. PARYS ingeniously integrates the structured financial framework of EU-ETS Carbon Allowances with the dynamic, evolving world of Decentralized Finance (DeFi). This integration offers a scalable, efficient avenue for directing investments to perfectly align with the ambitious goal of achieving Net Zero emissions by 2050.\n\nConceived in strict adherence to the European Union's Markets in Crypto-Assets (MiCA) regulatory framework, PARYS stands out as the world\u2019s sole Paris Agreement compliant Carbon Synthetic. Parisii's strategic approach positions PARYS at the vanguard of financial innovation, combining the agility and potential of cryptocurrency with the robustness and reliability of conventional investment mechanisms. Consequently, PARYS is well-positioned to revolutionize the crypto settlement landscape, poised to command a significant share of the existing $125B stablecoin market. This is achieved by offering a novel, price-appreciative carbon-collateralized asset. Parisii's methodology simplifies and incentivizes investing in environmental sustainability, making it not only impactful and accessible but also financially lucrative.\n\nThe PARYS stablecoin is pegged 1:1 with the EURO, and EU-ETS Carbon Allowances underpin its intrinsic value. This strategic pegging and backing facilitate PARYS' role as a critical conduit between the conventional financial sector and sustainable environmental practices. PARYS' design promises stability and reliability for financial market participants seeking sustainable investment avenues and actively incentivizes environmental compliance and sustainability. Both organizations and individuals are empowered to leverage PARYS in engaging with carbon markets, whether to offset their carbon emissions or integrate it into broader environmental strategies.\n\nPARYS is collateralized by EU-ETS carbon allowances, which are government-issued permits that allow the holder to emit a certain amount of CO2 or other greenhouse gases. These allowances are an integral part of cap-and-trade systems adopted to reduce carbon emissions to meet climate goals. A cap is set on the total amount of certain greenhouse gases that can be emitted. This cap is typically reduced yearly to decrease carbon allowances, forcing corporations to reduce their overall emissions. EU-ETS Carbon allowances have a $700B annual trading volume and over $200M in daily liquidity, making the PARYS stablecoin collateralized with a highly liquid asset. PARYS is projected to outperform all other stablecoins with up to 6% APY staking reward compared to Tether's 3.5%. PARYS is the only financial mechanism designed to hedge the financial exposure of carbon emissions.\n\nIn its business model, Parisii directly invests in GHG Projects, emphasizing its commitment to tangible environmental impacts. These investments are geared towards projects that actively reduce greenhouse gas emissions, supporting the broader objective of achieving Net Zero emissions by 2050. This direct involvement in GHG projects distinguishes Parisii from other blockchain initiatives, as it showcases a hands-on approach to environmental stewardship.\n\nIn essence, Parisii seeks to democratize and streamline access to carbon markets, simplifying engagement with carbon allowances \u2013 a pivotal component in the global strategy to curb carbon emissions. Through its innovative design and alignment with global environmental goals, Parisii is set to play a transformative role in the intersection of finance, technology, and sustainability.\n", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "parisii_io"}
name: Parisii