13. Purchasing, Selling, and Retiring Credits
13.1. Wallet Address Creation
Project Proponents (or sellers) and Buyers must have a wallet address on Regen Network to which credits will be issued or transferred respectively. The registration process might require an appropriate KYC (Know Your Customer) verification depending on the nature of the asset issued and corresponding regulations.
13.2. Retiring Credits
Traditionally in carbon markets, credit retirement involves allowances from regulated emission trading schemes[17] as a method for offsetting carbon emissions. Regen Registry is not a regulated emission trading scheme, but instead provides Buyers a way to voluntarily offset their carbon footprint.
Credits can only be retired once. Once a credit has been retired, it cannot be transferred or sold anymore.
Regen Registry provides the ability for Buyers to trade their credits, i.e. sell them to other Buyers on a secondary market. In the future, a secondary marketplace functionality will be added.
Credit Buyers will have access to the Project Proponent’s information, the project location, monitoring reports, and other pertinent data which is made publicly available on Regen Registry.
13.3. Tradability
Credit buyers will have the option to sell their credits so long as they have not yet been retired. Credits are treated as commodities, not as securities. RND is committed to comply with all relevant regulatory frameworks, both in the US and internationally.
13.4. Selling Credits
Credit holders - whether Project Proponents who have been issued credits or Buyers who had purchased tradable credits - have a few options to sell their credits:
Direct / offline sale - a seller can negotiate directly with a prospective Buyer and offer them the credits.
Marketplace - a seller can offer the credits for sale on Regen Marketplace and select their price. The project credits can be sold separately or as part of a portfolio of projects.
3rd party integrations - in the future, Regen Network will establish integrations with 3rd parties that offer GHG credits (offsets) for instance to their respective client base.
Note, not all of these options are currently available.
13.5. Fee Structure
The fee structure for the issuance and sale of credits depend on the Credit Class, Methodology requirements and sales approach used. Regen Registry will make the fee structure transparent on the website.
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