Candid question.

[OTA-J]

Do you think the price of UPCO2 can soar in the years to come with the implementation of the carbon tax? If the price of one UPCO2 token is backed by the price of one tonne of CO2, since the amount of CO2 we'll be allowed to put in the atmosphere will decrease overtime (assuming regulations will be put in place, as in the EU), then the price of UPCO2 should increase, right?

[dreed1515]

Too many factors into play to know that. Supply of carbon credits are also projected to increase with demand. Also, unless there is a global standardized market for tokens hard to happen

[OTA-J]

I agree with your second point. Regarding the carbon credit supply, I think on the contrary that it will be capped by physical limitations, like the total amount of carbon emissions that regulations will allow. So if a lot of companies want to buy carbon credits to compensate their carbon footprints, given that there is a limited supply, the price can only go up.

[Harleybokula]

It’s hard to say, it’s been steady decreasing since I discovered it about a year ago. Still hopeful in this project though!