KlimaDAO x Transak: Making Offsetting Simple
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KlimaDAO x Transak: Making Offsetting Simple

Published Tue Mar 29 2022

KlimaDAO is pleased to announce our partnership with Transak. Transak’s mission is to make it as easy as possible to enter the web3 world, reducing the steps and pain points for users along their journey. It provides a service that allows people to directly purchase major crypto assets – now including KLIMA – via their credit card, debit card, Apple Pay, or bank transfer, using more than 70 different currencies.

Our partnership with Transak immediately integrates Transak’s payment system into the KlimaDAO website, making it simple for users to purchase KLIMA and seamlessly on-board directly onto the Polygon Network. A Transak portal has already been deployed on the Love Letter to the Planet campaign page.

The partnership allows users to access the ReFi ecosystem without having to bridge funds across different networks, which can be a complex and often costly process. Specifically, the integration of Transak facilitates the simple and inexpensive transactions that have allowed for us to enable individuals and businesses to send Love Letters to the Planet.

Transak and the Love Letter Campaign

Our Love Letter Campaign lets users retire carbon credits to offset emissions. Now, using our carbon retirement aggregator, anybody can quickly retire any amount of carbon they choose. They can also dedicate their offset carbon to the planet, a loved one, or any other person (or thing!) they choose, sending a message that will live forever on the blockchain.

These messages and retirements are conducted on the Polygon Network, which is very energy-efficient, resulting in a low carbon footprint and inexpensive transactions. Users have been able to send love letters that cost anywhere from the cost of a cup of coffee, all the way up to hundreds of tonnes of carbon to offset their entire organization’s footprint.

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Some of the messages that have already been sent by individuals and organizations alike

Thanks to Transak, the process has been made inexpensive and easy for all to use: KlimaDAO has integrated the Transak on-ramp directly at the point where you send your love letter. (At the moment, this service is available to most users – except those residing in the US.)

Use Transak to send a Love Letter to the Planet

The steps are simple:

1. Navigate to loveletter.klimadao.finance, and scroll to the Transak widget.

2. You can select from 75 different global currencies, and pay through bank transfer, Visa/MasterCard, or other methods (depending on your region and currency).

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An example of the experience for a European user

3. Enter your address and purchase KLIMA to your wallet address. Once the transaction has been confirmed, you’ll have access to your KLIMA on the Polygon Network.

4. Now that you’ve secured KLIMA, you can use it to send your love letter, or you can stake it to accumulate more offsetting power.

Send a Love Letter to the Planet

When you’re ready, here’s how to send your love letter:

1. Open the dAPP and connect your wallet, which is holding the KLIMA balance from your Transak transaction.

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2. Select what types of offsets you’d like to retire. You can choose between NCT, BCT, and MCO2.

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3. Choose a Beneficiary (to whom to dedicate the letter), and write your letter in 280 characters or less.

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Congratulations! You’ve completed your offset, and your love letter is now published. Check out some other love letters here.

Transak's Commitment to the Environment

Transak has also committed to using the KlimaDAO retirement aggregator and to writing a love letter themselves. This will allow them to offset their own carbon emissions.

Our partnership with Transak allows us to remove a key friction point of the onboarding process. We look forward to further collaboration with Transak in order to make the KlimaDAO retirement aggregator even easier to use, while also broadening access to the growing ReFi ecosystem as a whole.

Disclaimer:

The information provided in this blog post pertaining to KlimaDAO (“KlimaDAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. KlimaDAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and KlimaDAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. KlimaDAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither KlimaDAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, KlimaDAO undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.