| [Table 2] Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens | |||||
| Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens [abstract] | |||||
| General information | |||||
| 00 Table of content | boolean true | ||||
| 01 Date of notification | date | ||||
| 02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 | boolean true | ||||
| 03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 | boolean true | ||||
| 04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 | boolean true | ||||
| 05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114 | boolean true | ||||
| 06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 | boolean true | ||||
| SUMMARY | |||||
| 07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 | boolean true | This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law. |
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| 08 Characteristics of the crypto-asset | textBlock | Ownership of the token allows the holder to provide documentary evidence of their connection to said verified environmental impact. The reduction or capture of the underlying CO2 is, as a prerequisite, (i) calculated in accordance with applicable European Union regulatory standards, (ii) certified by a reputable independent certification body that is among the top ten certification bodies in Europe, and (iii) subject to additional verification by the issuer, covering both the calculation and the certification obtained. Once this process is complete, the CO2 credit or capture is removed from the source registry and tokenized, such that the token is backed solely by documentation issued by Cool Earth Coin, S.A., with no underlying external assets managed on a discretionary basis. In accordance with the MiCA Regulation, the $CEC token is classified as a crypto-asset other than an asset-backed token or an electronic money token, as defined in Title II of the aforementioned Regulation. |
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| 09 Further information about utility tokens | textBlock | ||||
| 10 Key information about the offer to the public or admission to trading | textBlock | The purpose of the issuance is to finance the project's development, including the acquisition of certified carbon credits, their certification, the technological infrastructure necessary for their tokenization, and the expansion of the associated ecosystem. The issuance is divided into two distinct phases: Initial phase (presale/controlled environment): limited access to a small group of strategic investors who meet the identification (KYC) requirements and have certified experience in the field of carbon capture. Subsequent phase: The tokens are expected to eventually be admitted to trading or traded freely on the market, which would allow them to be transferred among third parties. Regarding the token's key economic parameters, the following is noted: Initial issue price: approximately 0.008 euros per $CEC. Regarding the token supply: The number of $CEC tokens covered by this offering is 625,000,000 units, an amount that corresponds to CO2 reductions or captures already generated, acquired, and certified prior to the start of the subscription period. The maximum token supply, immutably encoded in the smart contract, is 1,875,000,000 units; however, the purpose of this offering is the full and specific issuance of the 625,000,000 tokens indicated. |
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| Part A - Information about offeror or person seeking admission to trading | |||||
| A.1 Name | text | ||||
| A.2 Legal form | text | ||||
| A.3 Registered address | |||||
| Registered addess | text | ||||
| Country | enumeration | ||||
| Sub-division | text | ||||
| A.4 Head office | |||||
| Head office | text | ||||
| Country | enumeration | ||||
| Sub-division | text | ||||
| A.5 Registration date | date | ||||
| A.6 Legal entity identifier | LEI | ||||
| A.7 Another identifier required pursuant to applicable national law | text | ||||
| A.8 Contact telephone number | text | ||||
| A.9 E-mail address | text | ||||
| A.10 Response time (days) | integer | ||||
| A.11 Parent company | text | ||||
| A.12 Members of the management body | |||||
| Member #1 | id | 1 | |||
| Identity | text | ||||
| Business address | text | ||||
| Function | text | ||||
| Member #2 | id | 2 | |||
| Identity | text | ||||
| Business address | text | ||||
| Function | text | ||||
| Member #3 | id | 3 | |||
| Identity | text | ||||
| Business address | text | ||||
| Function | text | ||||
| Member #4 | id | 4 | |||
| Identity | text | ||||
| Business address | text | ||||
| Function | text | ||||
| A.13 Business activity | textBlock | The business model is based on capturing CO₂ generated by regenerative agriculture practices, certified in accordance with recognized methodologies and traded on the voluntary carbon market through the issuance of the $CEC token. In this context, the project aims to connect: the generation of verifiable environmental impact (CO₂ reduction or sequestration), and their digital representation through tokens, which enable their traceability, certification, and potential integration into markets. The token serves as a mechanism for representing positive environmental impact, facilitating its recording, tracking, and eventual circulation. The project's revenue will be derived primarily from the issuance and distribution of $CEC tokens. Products and Services: The project does not offer complex technological products or its own blockchain infrastructure; rather, it focuses on generation, certification, and tokenization. In particular, the $CEC token ecosystem is structured around: the digital representation of units of CO₂ reduced or removed, the traceability and certification of those reductions, and its use as a tool for certifying positive environmental impact. Target Markets The project is aimed at various types of participants interested in the generation, certification, and use of certified carbon sequestration within the voluntary carbon market, as well as in climate impact solutions: Strategic investors (early stage): participants with experience in carbon credits or sustainability who join the project at an early stage. End users and the general market (later phase): Once the token is permitted to be freely traded, any participant interested in purchasing or exchanging tokens linked to climate impact. |
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| A.14 Parent company business activity | textBlock | ||||
| A.15 Newly established | boolean | ||||
| A.16 Financial condition for the past three years | textBlock | ||||
| A.17 Financial condition since registration | textBlock | The share capital is 60,003 euros and is constituted by a cash contribution of 20,003 euros. As this is a newly established company, the initial financial autonomy ratio (net equity to total assets) is 100%. The Company's objective is to maintain a financial autonomy ratio of no less than 25% in the medium and long term, as the guiding principle of its financing strategy. All revenue from the project will be reinvested in the project: to cover ongoing operating expenses and to purchase new certified carbon credits. No dividend distributions are planned during the initial phases of the project. |
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| Part B - Information about issuer, if different from offeror or person seeking admission to trading | |||||
| B.1 Issuer different from offerror or person seeking admission to trading | boolean | ||||
| B.2 Name | N/A | . | |||
| B.3 Legal form | N/A | . | |||
| B.4 Registered address | |||||
| Registered addess | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| B.5 Head office | |||||
| Head office | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| B.6 Registration date | N/A | . | |||
| B.7 Legal entity identifier | N/A | . | |||
| B.8 Another identifier required pursuant to applicable national law | N/A | . | |||
| B.9 Parent company | N/A | . | |||
| B.10 Members of the management body | |||||
| Member #1 | N/A | . | |||
| Identity | N/A | . | |||
| Business address | N/A | . | |||
| Function | N/A | . | |||
| B.11 Business activity | N/A | . | |||
| B.12 Parent company business activity | N/A | . | |||
| Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | |||||
| C.1 Name | N/A | . | |||
| C.2 Legal form | N/A | . | |||
| C.3 Registered address | |||||
| Registered address | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| C.4 Head office | |||||
| Head office | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| C.5 Registration date | N/A | . | |||
| C.6 Legal entity identifier | N/A | . | |||
| C.7 Another identifier required pursuant to applicable national law | N/A | . | |||
| C.8 Parent company | N/A | . | |||
| C.9 Reason for crypto-asset white paper preparation | N/A | . | |||
| C.10 Members of the management body | |||||
| Member #1 | N/A | . | |||
| Identity | N/A | . | |||
| Business address | N/A | . | |||
| Function | N/A | . | |||
| C.11 Operator business activity | N/A | . | |||
| C.12 Parent company business activity | N/A | . | |||
| C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A | . | |||
| C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A | . | |||
| Part D - Information about other token project | |||||
| D.1 Crypto-asset project name | text | ||||
| D.2 Crypto-asset name | text | ||||
| D.3 Abbreviation | text | ||||
| D.4 Crypto-asset project description | textBlock | In this context, the $CEC token is designed to serve primarily as a token representing standardized units of positive climate impact. Each $CEC token is equivalent to 100 grams of CO₂ captured, reduced, or sequestered in the soil, duly certified in accordance with recognized methodologies Each $CEC token is linked to duly certified units of CO₂, generated either through the purchase of voluntary carbon credits or through the direct measurement of carbon removals certified by specialized entities. The project is structured around the following main elements: the generation or acquisition of CO₂ capture, its certification in accordance with recognized standards, and its recording using blockchain technology, with the aim of ensuring the traceability and transparency of its environmental impact. In particular, CO₂ reduction calculations are performed in accordance with recognized methodologies; these reductions are verified by independent entities; and the records are incorporated into systems based on blockchain technology. |
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| D.5 Details of all natural or legal persons involved in implementation of crypto-asset project | |||||
| Person #1 | id | 1 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #2 | id | 2 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #3 | id | 3 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #4 | id | 4 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| Person #5 | id | 5 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | ||||
| Domicile of company | enumeration | ||||
| D.6 Utility token classification | boolean | ||||
| D.7 Key features of goods or services for utility token projects | text | ||||
| D.8 Plans for the token | |||||
| Description of past milestones | textBlock | ||||
| Description of future milestones | textBlock | Starting July 30, 2026: commencement of technical development of the platform and the technological infrastructure necessary for the issuance and management of $CEC tokens. October 2026 – May 2027: public offering period for $CEC tokens, with open access to any interested party who meets the applicable identification and verification (KYC/AML) requirements. The detailed purchase schedule, including the whitelisting process, the subscription period, and the distribution of tokens, is described in Section G.10. |
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| D.9 Resource allocation | text | Development of the project model. Definition of the $CEC token concept and its link to CO₂ capture resulting from regenerative agriculture practices. Methodological and technical development. Implementation of the Trinity NCM methodology for measuring climate impact, as well as the use of blockchain technology for the registration and traceability of $CECs. Certification and verification. Involvement of independent entities in the validation of environmental impact, including certification. Financial investments: Investment in CO₂ capture, estimated at approximately 62,500,000 kg of CO₂. Technology development. Costs associated with the project's technology infrastructure, including blockchain registration. Certification and verification. Costs associated with the validation and certification of climate impact in accordance with applicable standards. Legal advice and regulatory compliance. Costs related to the legal structuring of the project and compliance with applicable regulations (including the MiCA Regulation). |
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| D.10 Planned use of collected funds or other tokens | text | Funding for the acquisition of CO₂ capture derived from regenerative agriculture practices. Technology development. Costs associated with the development and maintenance of the project's technology infrastructure, including blockchain registration. Project operations and expansion. Costs associated with marketing, business expansion, and general project operations. |
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| Part E - Information about offer to public of other tokens or their admission to trading | |||||
| E.1 Public offering or admission to trading | enumeration | ||||
| E.2 Reasons for public offer or admission to trading | textBlock | The proceeds from the offering will therefore be used for: the purchase of certified carbon sequestration resulting from regenerative agriculture practices; the certification and verification of such CO2 capture in accordance with recognized methodologies; the development and maintenance of the technological infrastructure necessary for the digital representation and traceability of that environmental impact using blockchain technology. |
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| E.3 Fundraising target | |||||
| Target expressed in currency | monetary | EUR | |||
| Target expressed in units | decimal | ||||
| Target expressed in digital token identifier | text | ||||
| E.4 Minimum subscription goals | |||||
| Goals expressed in currency | monetary | EUR | |||
| Goals expressed in units | decimal | ||||
| Goals expressed in digital token identifier | text | ||||
| E.5 Maximum subscription goals | |||||
| Goasl expressed in currency | monetary | EUR | |||
| Goals expressed in units | decimal | ||||
| Goals expressed in digital token identifier | text | ||||
| E.6 Oversubscription acceptance | boolean | ||||
| E.7 Oversubscription allocation | text | ||||
| Issue price details | |||||
| E.8 Issue price | decimal | ||||
| E.9 Official currency determining issue price | enumeration | ||||
| E.9 Any other tokens determining issue price | text | ||||
| E.10 Subscription fee | |||||
| Fee expressed in currency | monetary | EUR | |||
| Fee expressed in units | decimal | ||||
| Fee expressed in digital token identifier | text | ||||
| E.11 Offer price determination method | text | ||||
| E.12 Total number of offered or traded other tokens | integer | ||||
| E.13 Targeted holders | enumeration | ||||
| E.14 Holder restrictions | text | Participants must comply with current regulations regarding the prevention of money laundering and terrorist financing (KYC/AML), as well as with international sanctions regimes and other identification and verification requirements established by the issuer. Participation in the offer will require prior verification of the holder's identity and the registration of the holder's own wallet address in the issuer's IdentityRegistry, in accordance with the applicable KYC/AML procedures. Non-compliance with these requirements may result in the restriction or impossibility of access, acquisition, transfer, or use of the tokens. Geographic restrictions may apply, such that the offering, distribution, or use of the tokens may be limited or prohibited in those jurisdictions where such activities would violate applicable regulations or require additional authorizations. $CEC tokens do not confer political, economic, credit, or profit-sharing rights. Furthermore, they are not considered financial instruments, asset-backed tokens, or electronic money tokens under the MiCA Regulation. Their function is limited to the accreditation, traceability, and verifiable certification of positive climate impact within the project's ecosystem. Minimum and maximum purchase per participant: Each participant must purchase a minimum of 5,000 $CEC as part of this offering. In addition, the maximum subscription amount per participant is set at 300,000,000 $CEC. If the subscription target is reached before the end of the offering period, the offering will close early. |
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| E.15 Reimbursement notice | boolean true | ||||
| E.16 Refund mechanism | textBlock | ||||
| E.17 Refund timeline | text | ||||
| E.18 Offer phases | textBlock | The tokens will be purchased at a fixed price of 0.008 euros per $CEC through the online platform provided by the issuer, via bank transfer in euros. |
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| E.19 Early purchase discount | textBlock | Prior to this offering, the following token allocations have been made: (i) As part of the project's launch campaign, a total of 378,125 $CECs have been allocated to 130 people at an issue price of 0.008 euros per $CEC. |
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| E.20 Time-limited offer | boolean | ||||
| E.21 Subscription period beginning | date | ||||
| E.22 Subscription period end | date | ||||
| E.23 Safeguarding arrangements for offered funds or other tokens | textBlock | ||||
| E.24 Payment methods for other token purchase | textBlock | ||||
| E.25 Value transfer methods for reimbursement | textBlock | ||||
| E.26 Right of withdrawal | textBlock | After this deadline, it will no longer be possible to request refunds or withdrawals, and all contributions will be considered final and nonrefundable. |
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| E.27 Transfer of purchased other tokens | textBlock | Transfers are recorded on-chain in a traceable and immutable manner and are subject to transferability restrictions implemented through the ERC-3643 smart contract and the issuer's identity registry. The buyer receives electronic confirmation of the transaction and can check the token balance associated with their wallet as soon as the transaction is confirmed on the blockchain. |
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| E.28 Transfer time schedule | text | Token transfers resulting from confirmed subscriptions are processed periodically once the corresponding payments have been reconciled. Unless there are extraordinary operational or technical issues, buyers receive their $CEC tokens within a maximum of five (5) business days after payment confirmation. |
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| E.29 Purchaser's technical requirements | textBlock | Prior to participating in the offer, the buyer's wallet address must be registered and verified in the issuer's IdentityRegistry, in accordance with the applicable KYC/AML procedures. Transfers to or from unregistered addresses will be automatically rejected by the smart contract. |
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| Other token services provider characteristics | |||||
| E.30 Other token service provider (CASP) name | text | ||||
| E.31 CASP identifier | LEI | ||||
| E.32 Placement form | enumeration | ||||
| Trading platforms characteristics | |||||
| E.33 Trading platforms name | text | ||||
| E.34 Trading platforms market identifier code (MIC) | text | ||||
| E.35 Trading platforms access | text | ||||
| E.36 Involved costs | textBlock | These costs depend on the grid's operating conditions at any given time, although they are usually relatively low. During the initial phase of the project, the costs associated with transactions carried out on behalf of the buyers will be borne by the issuer. Subsequent transfers between verified account holders may be subject to the network fees in effect at the time, which are borne by the account holder initiating the transaction. |
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| E.37 Offer expenses | textBlock | ||||
| E.38 Conflicts of interest | textBlock | ||||
| E.39 Applicable law | textBlock | ||||
| E.40 Competent court | textBlock | ||||
| Part F - Information about other tokens | |||||
| F.1 Crypto-asset type | text | The $CEC token is a token linked to the representation of verifiable environmental impact resulting from regenerative agriculture practices. Each $CEC corresponds to a quantified amount of CO₂ captured from the atmosphere, measured and certified in accordance with recognized methodologies. The token is designed to serve as a traceable digital representation of that environmental impact, making it easier to attribute, track, and integrate it into digital environments. $CEC is classified as a crypto-asset other than asset-backed tokens or electronic money tokens within the meaning of Title II of Regulation (EU) 2023/1114. |
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| F.2 Other token functionality | textBlock | The token's main features are as follows: Traceability and certification of environmental impact: Each token represents a specific amount of CO₂ captured, backed by verification methodologies and certification processes. Attributing Impact to Users: $CEC token holders can demonstrate their contribution to a positive environmental impact through their ownership of tokens linked to certified activities. Transparency and auditability: The use of distributed ledger technology (DLT) enables the recording and tracking of tokens and information related to environmental impact, thereby enhancing transparency and trust. Potential integration into digital ecosystems: The token can be used on platforms or systems designed to promote responsible consumption, sustainability, and climate initiatives. The $CEC token does not confer any governance rights, economic rights, or credit rights against the issuer, nor does it constitute a financial instrument. Any potential trading on secondary markets or mechanisms related to the acquisition or transfer of the token are independent of its primary function as a representation of environmental impact. |
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| F.3 Planned application of functionalities | textBlock | From that point on, the token serves as proof of the holder's contribution to a positive climate impact associated with regenerative agriculture. |
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| A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article | |||||
| F.4 Type of crypto-asset white paper | enumeration | ||||
| F.5 Type of submission | enumeration | ||||
| F.6 Other token characteristics | textBlock | Name: Cool Earth Coin (CEC) Type: Climate impact token, not classified as an asset-referenced token (ART) or an electronic money token (EMT) Blockchain: Polygon Token standard: ERC3643 2. Classification in accordance with MiCA (Regulation (EU) 2023/1114): The $CEC token is classified as a cryptoasset distinct from asset-backed tokens and electronic money tokens. Its primary purpose is to enable the representation, traceability, and verification of positive environmental impact in digital environments. 3. Main function of the token: The $CEC token is designed to: To verifiably demonstrate a specific amount of CO₂ reduction or removal associated with regenerative agriculture practices; To ensure traceability and transparency regarding the environmental impact generated; Facilitate the recognition of the holder's contribution to sustainability initiatives; To serve as a mechanism for integration in digital environments focused on climate action and responsible consumption; Enable its use in systems or platforms that promote the measurement and certification of environmental impact. The token does not confer any economic rights, credit rights against the issuer, or a share in profits, nor does it constitute a financial instrument. 4. Date the feature was activated The token becomes active upon delivery to the user or, where applicable, to the infrastructure managed by the crypto-asset service provider (CASP), at which point it can be used as proof of a positive environmental impact. |
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| F.7 Commercial name or trading name | text | ||||
| F.8 Website of the issuer | text | ||||
| F.9 Starting date of offer to the public or admission to trading | date | ||||
| F.10 Publication date | date | ||||
| F.11 Any other services provided by the issuer | textBlock | ||||
| F.12 Language or languages of white paper | text | ||||
| F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available | text | ||||
| F.14 Functionally fungible group digital token identifier, where available | text | ||||
| F.15 Voluntary data flag | boolean | ||||
| F.16 Personal data flag | boolean | ||||
| F.17 LEI eligibility | boolean | ||||
| F.18 Home member state | enumeration | ||||
| F.19 Host member states #1 | enumerationSet | ||||
| F.19 Host member states #2 | enumerationSet | ||||
| F.19 Host member states #3 | enumerationSet | ||||
| F.19 Host member states #4 | enumerationSet | ||||
| F.19 Host member states #5 | enumerationSet | ||||
| F.19 Host member states #6 | enumerationSet | ||||
| F.19 Host member states #7 | enumerationSet | ||||
| F.19 Host member states #8 | enumerationSet | ||||
| F.19 Host member states #9 | enumerationSet | ||||
| F.19 Host member states #10 | enumerationSet | ||||
| F.19 Host member states #11 | enumerationSet | ||||
| F.19 Host member states #12 | enumerationSet | ||||
| F.19 Host member states #13 | enumerationSet | ||||
| F.19 Host member states #14 | enumerationSet | ||||
| F.19 Host member states #15 | enumerationSet | ||||
| F.19 Host member states #16 | enumerationSet | ||||
| F.19 Host member states #17 | enumerationSet | ||||
| F.19 Host member states #18 | enumerationSet | ||||
| F.19 Host member states #19 | enumerationSet | ||||
| F.19 Host member states #20 | enumerationSet | ||||
| F.19 Host member states #21 | enumerationSet | ||||
| F.19 Host member states #22 | enumerationSet | ||||
| F.19 Host member states #23 | enumerationSet | ||||
| F.19 Host member states #24 | enumerationSet | ||||
| F.19 Host member states #25 | enumerationSet | ||||
| F.19 Host member states #26 | enumerationSet | ||||
| F.19 Host member states #27 | enumerationSet | ||||
| F.19 Host member states #28 | enumerationSet | ||||
| F.19 Host member states #29 | enumerationSet | ||||
| F.19 Host member states #30 | enumerationSet | ||||
| Part G - Information on rights and obligations attached to other tokens | |||||
| G.1 Purchaser rights and obligations | textBlock | The on-chain record of the token, linked to the holder's identification as verified by the issuer, serves as proof of ownership vis-à-vis the issuer. In addition, $CEC holders are granted the following rights: The right to receive the number of $CEC tokens corresponding to your participation in the offering, in accordance with the terms set forth in this White Paper. The right to hold a digital asset that represents, in a traceable and verifiable manner, a positive climate impact resulting from regenerative agriculture practices, in accordance with the methodology described in this document. The right to clear, accurate, and up-to-date information about the project, its progress, and the characteristics of the tokens, in accordance with the provisions of Regulation (EU) 2023/1114 (MiCA). Buyer Obligations. Token buyers must: Provide accurate, complete, and up-to-date information during the registration, identification, and token purchase processes, including compliance with applicable KYC/AML requirements. Comply with applicable regulations regarding anti-money laundering, international sanctions, and any other regulations that may apply in your jurisdiction. Identify yourself to the issuer before exercising the right of withdrawal (token burn). Use the tokens in accordance with their nature and functionality as described in this white paper. |
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| G.2 Exercise of rights and obligations | textBlock | Holders may keep their tokens in wallets that are authorized and registered in the ecosystem's IdentityRegistry, in accordance with the compliance rules incorporated into the ERC-3643 standard. Transfers may only be made between addresses that have been previously authorized and verified in accordance with the requirements established by the issuer and applicable regulations. Where applicable, in accordance with the ecosystem's functionality, token holders may request the removal (burn) of tokens through the issuer's platform. This process will be recorded on-chain and carried out in accordance with the operational and compliance rules described in the project documentation. Account holders will also be able to access information and documentation related to the traceability and backing of the ecosystem through the mechanisms provided by the issuer, under the terms described in this White Paper. |
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| G.3 Conditions for modifications of rights and obligations | textBlock | are duly justified by operational, technical, legal, or regulatory reasons; do not substantially alter the nature of the token or the essential rights previously acquired by the token holders; are carried out in compliance with applicable regulations, in particular Regulation (EU) 2023/1114 (MiCA). The issuer shall provide token holders with clear and sufficient advance notice of any material changes through the designated communication channels. |
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| G.4 Future public offers | textBlock | As of the date of this White Paper, no specific timeline or terms have been established for these future offerings. Should they take place, they will be conducted in accordance with applicable regulations, including Regulation (EU) 2023/1114 (MiCA), and will be duly disclosed to the market and market participants. |
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| G.5 Issuer retained other token | integer | ||||
| G.6 Utility token classification | boolean | ||||
| G.7 Key features of goods or services utility tokens | text | ||||
| G.8 Utility tokens redemption | text | ||||
| G.9 Non-trading request | boolean | ||||
| G.10 Other tokens purchase or sale modalities | text | Prior Whitelisting The issuer will enable a whitelisting process through the platform, available both prior to the start of the subscription period and during the period itself, through which interested parties may register at any time and complete the identification and verification procedures (KYC/AML) required by applicable regulations, as well as confirm their commitment to purchase the tokens. Only users who have successfully completed the whitelisting process will be eligible to participate in the public offering. Users may withdraw from their commitment to purchase the cryptoassets within 14 calendar days from the date of whitelisting. Purchase Process: Once the whitelisting process is complete, $CEC tokens may be subscribed to through the platform provided by the issuer during the established subscription period. $CEC tokens may be subscribed to through the platform provided by the issuer. Prior to signing up, users must complete the identification and verification procedures required by applicable regulations regarding the prevention of money laundering and terrorist financing (KYC/AML). Once the user's identity has been verified, the user must provide the address of their own wallet, which the issuer will register and verify in the IdentityRegistry prior to enabling participation in the subscription. Accepted payment methods: Subscriptions for $CEC tokens will be accepted exclusively in euros (EUR). The funds will be transferred to the bank account designated by the issuer and will be subject to source-of-funds verification and other applicable compliance controls. Security and Compliance: The subscription process will be subject to KYC/AML checks, international sanctions screenings, and other regulatory compliance measures implemented by the issuer. Only users who have successfully completed these procedures will be eligible to receive $CEC tokens. Following the offer Initial Distribution Once the subscription period has ended and the corresponding payments have been verified, the issuer will have 2 months from the end of the subscription period to complete the transfer of the $CEC tokens to the authorized wallets of the holders registered in the ecosystem's IdentityRegistry. The distribution will be conducted in accordance with the technical and compliance rules implemented through the ERC-3643 standard. Transferability $CEC tokens may only be transferred between wallets that have been previously authorized and registered in the IdentityRegistry. All transfers will be subject to the automated checks built into the ecosystem's compliance mechanisms, including identification requirements, permitted residency, and other applicable conditions. Transfers to unauthorized addresses or those that do not meet the established requirements will be automatically rejected by the corresponding smart contracts. Future Evolution of the Ecosystem In later phases of the project, the issuer may enable additional portability mechanisms to users' own wallets, subject to compliance with applicable technical and regulatory requirements. The issuer may evaluate additional mechanisms for trading or transferring the token, provided that such mechanisms comply with applicable regulations and the compliance restrictions built into the ecosystem. |
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| G.11 Other tokens transfer restrictions | text | $CECs will be transferable in accordance with the transferability rules implemented in the ERC-3643 (T-REX) standard and the enforcement mechanisms built into the project's smart contracts. Transfers may only be made between wallets that have been previously registered in the IdentityRegistry and are associated with account holders who have successfully completed the applicable identification and verification procedures. From the outset of the project, tokens are held directly in the holder's own wallet, registered and verified in the IdentityRegistry. The issuer does not custody or manage holders' private keys at any stage. The holder is exclusively responsible for the security and custody of their own wallet. . Jurisdictional Restrictions The acquisition, holding, and transfer of $CEC may be restricted or prohibited in certain jurisdictions. Eligibility to trade the token will be subject to the issuer's KYC/AML procedures and the admission criteria set forth in the IdentityRegistry, including verification of residency in permitted jurisdictions and checks against international sanctions lists. Wallet Compatibility $CEC can only be held and transferred using wallets that are compatible with the project's technological infrastructure and have been previously authorized in accordance with the IdentityRegistry rules. Transfers to wallets that are not registered or that do not meet the applicable compliance requirements will be automatically rejected by the token's smart contracts. |
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| G.12 Supply adjustment protocols | boolean | ||||
| G.13 Supply adjustment mechanisms | text | New tokens may only be issued (minted) within the fixed and immutable maximum limit of 1,875,000,000 $CEC tokens encoded in the smart contract; this limit may not be modified under any circumstances and is independent of changes in the token's supply and demand. Such issuance will be contingent upon the existence of supporting documentation proving verifiable CO2 capture. The issuance of tokens is not based on market price fluctuations or demand for the token, but rather on the actual addition of new environmental collateral in accordance with the procedures established by the issuer. |
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| Other token schemes details | |||||
| G.14 Token value protection schemes | boolean | ||||
| G.15 Token value protection schemes description | textBlock | ||||
| G.16 Compensation schemes | boolean | ||||
| G.17 Compensation schemes description | textBlock | ||||
| G.18 Applicable law | textBlock | ||||
| G.19 Competent court | textBlock | ||||
| Part H – Information on underlying technology | |||||
| H.1 Distributed ledger technology (DTL) | text | Distributed ledger technology (DLT) describes a decentralized and distributed network system architecture in which multiple participants maintain and verify a shared database. Unlike traditional databases, DLT systems do not rely on a central authority to ensure data consistency and security. Instead, they distribute control across a network of computers (nodes) and require that all changes be recorded and accepted by the nodes. This distributed approach enhances the system's resilience and security, as well as the transparency of the data stored within it, without requiring trust among the system's participants. Blockchain technology is a subset of DLT technology, in which a distributed database maintains an ever-growing list of records—called blocks—that are linked together in chronological order and secured using cryptographic techniques. A blockchain typically has the following key characteristics: - Distribution: A blockchain operates on a network of nodes, each of which contains a copy of the ledger and participates in the process of verifying and synchronizing transactions. - Security: Blockchain uses advanced cryptographic methods to protect data. Each block contains a cryptographic hash (a "digital fingerprint") of the previous block, a timestamp, and transaction data. This structure ensures that, once data is recorded, it cannot be retroactively modified without also changing all subsequent blocks—a process that would require the consensus of the majority of the network's nodes. - Transparency and immutability. Transactions on a blockchain are typically visible to all network participants, which provides transparency. Once a transaction is confirmed and added to the blockchain, it is virtually immutable due to the cryptographic methods used, meaning it cannot be modified or deleted. Application for the $CEC token In the case of the $CEC token, the distributed ledger technology used consists of a public blockchain compatible with the Ethereum Virtual Machine (EVM), specifically the Polygon PoS Mainnet. The token is implemented using ETC-3643 (T-REX) standards on ERC-20 infrastructure, incorporating on-chain identity features and transferability control through verified identity records. The technology architecture used enables: public traceability of transactions recorded on the blockchain; the automatic enforcement of transferability restrictions through smart contracts; programmatic verification of compliance requirements (KYC/AML); the immutability of the records associated with the issuance, transfer, and redemption of tokens; and interoperability with tools and wallets compatible with the EVM ecosystem. In addition, it is worth noting that the system uses cryptographic mechanisms and multi-signature governance structures to strengthen operational security and control over the protocol's critical functions. |
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| H.2 Protocols and technical standards | text | ERC-3643 (T-REX, Token for Regulated EXchanges): a reference standard for regulated tokens with on-chain identity. ERC-3643 inherits and extends the ERC-20 fungible token standard, ensuring interoperability with wallets, block explorers, and tools compatible with the EVM ecosystem. Building on this foundation, ERC-3643 incorporates compliance logic and transferability restrictions, such that token transfers are subject to prior validation through an on-chain identity registry (IdentityRegistry) and KYC/AML checks defined by the issuer. ERC-734 (Key Holder) and ERC-735 (Claim Holder): on-chain identity standards used by ERC-3643 to manage verifiable attributes (including, but not limited to, KYC status, absence of sanctions, or residence in permitted jurisdictions), issued by authorized entities registered in the issuer's TrustedIssuersRegistry. EIP-1822 (Universal Upgradeable Proxy Standard, UUPS): a proxy pattern used to enable controlled updates to a token's smart contract logic. The proxy architecture operates separately from the contract's persistent data and allows new implementations to be deployed subject to multi-signature authorization and timelock mechanisms. The token's maximum supply remains hard-coded as an immutable parameter outside the ordinary scope of updates. |
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| H.3 Technology used | textBlock | The choice of Polygon PoS is based on the following technical criteria: (i) full compatibility with the EVM ecosystem, allowing for the use of widely audited standards and libraries, including the ERC-3643 reference implementation and OpenZeppelin security libraries; (ii) low transaction costs, which allow for the efficient absorption of the operational costs associated with token issuance and management; (iii) low energy consumption, consistent with the project's climate-focused nature; and (iv) the technological maturity of the ecosystem for regulated tokens. The token contract is implemented using a UUPS proxy architecture, allowing for controlled updates to the smart contract logic. The maximum token supply (1,875,000,000 $CEC) remains hard-coded as a fixed and immutable limit outside the ordinary scope of updates. The system's on-chain governance is structured around three distinct multi-signature wallets: one for authorizing structural upgrades, subject to a 48-hour cooling-off period; one for routine operations involving issuance, withdrawal, and registration in the identity registry; and a rapid-response wallet for pausing the contract in the event of incidents |
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| H.4 Consensus mechanism | text | The economic purpose of transactions is initially probabilistic and is reinforced by checkpoints periodically published on Ethereum Layer 1. This model offers high availability, high transaction throughput, and significantly lower energy consumption than Proof-of-Work-based mechanisms. The issuer does not operate its own validator nodes. The Polygon PoS network is a public, permissionless infrastructure with regard to the validation process, while control over the transferability of the $CEC token is implemented at the smart contract level through verified identity records and compliance rules integrated into the protocol's logic. |
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| H.5 Incentive mechanisms and applicable fees | text | Transaction fees applicable to transactions involving the $CEC token typically range from 0.001 to 0.01 EUR per minimum transfer. During the initial phase of the project, the issuer covers the gas fees associated with transactions executed on behalf of token holders (registration in the identity registry, transfers resulting from subscription, and redemptions). Any transfers between verified token holders will be subject to the network fees in effect at the time, payable by the sending token holder. The issuer does not charge any additional fees on token transfers. |
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| H.6 Use of distributed ledger technology | boolean | ||||
| H.7 DLT functionality description | textBlock | EVM-compliant, for the following purposes: An immutable record of token issuance and redemption transactions, linking each transaction to the cryptographic hash of the supporting documentation package maintained by the issuer off-chain. Public traceability of token holder addresses, while maintaining the confidentiality of personal data thanks to the separation between on-chain identity (wallet address) and KYC data stored off-chain. Technical assurance of compliance with transferability restrictions through the logic of the ERC-3643 smart contract, which automatically rejects any transfer to addresses not listed in the issuer's identity registry. Permanent auditability of the total supply and the status of each token (in circulation or retired), including on-chain verification of the maximum limit encoded in the contract. Separation of on-chain governance functions through three distinct multi-signature wallets, reducing the risk of operational concentration. Identification of the issuer's institutional wallets (operational treasury and reserve wallets) within the identity system itself, allowing for public verification of the composition of the supply across the issuer's wallets and end-holder wallets. The issuer publishes the source code for the token contract and auxiliary records under a recognized open-source license and verifies the code in the corresponding blockchain explorer, allowing users to confirm that the deployed bytecode matches the published code. |
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| Other token audit details | |||||
| H.8 Audit | boolean | ||||
| H.9 Audit outcome | textBlock | The issuer will publish the full audit report on its website prior to the start of the subscription period. Any critical or high-severity findings identified in the audit will be remedied and subject to a re-audit prior to deployment on the mainnet. The issuer will also maintain a process for periodically reviewing the contracts throughout the project's lifecycle, including repeating the external audit whenever logic upgrades that affect critical operations are implemented. |
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| Part I - Information on risks | |||||
| I.1 Offer-related risks | textBlock | Risk of financial loss in the offering. $CEC tokens are purchased at a fixed price, with no guarantee of profitability or recovery of the amount paid. Purchasers should be prepared to accept the partial or total loss of the funds contributed to the offering. Risk of failing to meet the minimum subscription target. If the minimum subscription target specified in Section E.4 is not met by the end of the offering period, the offering may be canceled, and the amounts contributed will be refunded in accordance with Sections E.15 through E.17. Risk of early closure. As indicated in Section E.14, the offering may close before the end of the scheduled period if the maximum subscription target is reached, which could prevent certain interested parties from participating. Risk associated with the pre-verification process. Participation in the offering and receipt of $CEC tokens are contingent upon the satisfactory completion of the identification and verification procedures (KYC/AML) described in Section G.10. Failure to complete these procedures within the offering period may prevent the interested party from participating. |
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| I.2 Issuer-related risks | textBlock | Risk of Non-Refund. $CECs are issued on a non-refundable basis, except in cases required by applicable regulations, such as the legally recognized right of withdrawal, the cancellation of the public offering, or duly justified cases of force majeure. Operational concentration risk. The token's issuance, governance, and core operations depend significantly on Cool Earth Coin, S.A. and certain technology and operational providers associated with the project. Shortcomings in internal management or issues related to third-party providers could negatively impact the token's operations. Conflicts of Interest. Since Cool Earth Coin, S.A. is the sole issuer and offeror, the founders, executives, and advisors may have interests tied to the value of the token. The issuer will implement organizational and governance measures designed to properly manage potential conflicts of interest. |
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| I.3 Other tokens-related risks | textBlock | Liquidity risk. There is no guarantee that $CEC tokens will be listed for trading on crypto asset platforms, nor that a secondary market will exist for their purchase and sale. Nature of the token. The $CEC token is a digital representation of CO2 capture that has been previously generated, acquired, and certified by the issuer. Ownership of the token does not confer any property rights over underlying assets, nor does it confer any rights of repurchase, refund, or financial recovery against the issuer. Technological risks inherent in blockchain technology. Transactions recorded on the blockchain are public and immutable. Transactions made in error or fraudulently cannot be reversed, and the issuer assumes no liability for unauthorized transactions beyond its control. Private key management risk. $CEC tokens are held directly in the buyer's own wallet from the outset of the project. The purchaser is solely responsible for the security, backup, and custody of their private keys and access credentials. Loss of access credentials may result in the permanent and irreversible loss of access to the tokens, with no possibility of recovery by the issuer. Regulatory Framework. The issuer believes that $CEC complies with the applicable requirements under Regulation (EU) 2023/1114 (MiCA). As this is a recently implemented framework, it cannot be ruled out that future interpretations by the competent authorities may affect its regulatory treatment. |
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| I.4 Project implementation-related risks | textBlock | Funding risk. The project's development depends on securing sufficient funds to cover the certification, technological infrastructure, and operational costs described in section D.10. Insufficient funding could delay or limit the achievement of these objectives. Risks Related to Technical Development. The operation of $CEC depends on the smart contracts deployed on the blockchain infrastructure described in Part H. The possibility of programming errors or vulnerabilities that could affect the distribution, transfer, or intended use of the tokens within the ecosystem cannot be ruled out. |
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| I.5 Technology-related risks | textBlock | Risks associated with the blockchain network. The token is issued and managed on the Polygon PoS network described in Part H. Any disruption, congestion, cyberattack, or vulnerability in that network's consensus mechanisms could affect the transfer of tokens or their use within the platform. Smart Contract Vulnerabilities. Smart contracts that support the $CEC token may contain programming errors or undetected vulnerabilities. Since, once deployed, they cannot be easily modified except through the controlled update mechanisms described in H.2 and H.3, any error could have permanent consequences for the token's distribution or functionality. Wallet compatibility and registration risk. Participation in the offer requires the buyer to hold a wallet compatible with the ERC-3643 standard and to correctly register its address in the issuer's IdentityRegistry prior to subscription. Use of an incompatible wallet, or an error in the registration of the wallet address, may prevent the buyer from receiving, holding, or transferring $CEC tokens, and the issuer shall not be liable for any resulting loss. |
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| I.6 Mitigation measures | textBlock | Technology Security and Smart Contract Development: The operations and systems associated with the project are developed in accordance with recognized international security frameworks, including ISO/IEC 27001 for information security management and OWASP ASVS for the secure development of web applications and back-office services. The token's blockchain infrastructure and smart contracts use widely audited standards and libraries within the EVM ecosystem, including OpenZeppelin and the ERC-3643 reference implementation maintained by Tokeny. Prior to their deployment in production, smart contracts and critical system components undergo security reviews and audits conducted by specialized third parties. In addition, the protocol's architecture incorporates mechanisms for controlled updates via UUPS proxies, multi-signature authorizations, and timelocks, thereby reducing risks associated with unauthorized modifications to the contract's logic. Transferability Control and Regulatory Compliance: The token incorporates technical transferability restrictions implemented directly in the smart contract in accordance with the ERC-3643, ERC-734, and ERC-735 standards. Transfers can only be made between addresses that have been previously verified and registered in the issuer's identity system, in accordance with KYC/AML procedures and blockchain compliance controls. Data Protection and Authentication: The platform implements data protection and strong authentication mechanisms, including encryption of sensitive information, and the periodic invalidation and rotation of session tokens (JSON Web Tokens signed using asymmetric algorithms and with short expiration times). In addition, access controls and strong authentication measures are implemented for critical system functions and the operational management of digital assets. Operational Security and Continuity: The system's operational governance is structured through separate multi-signature wallets for critical functions, including upgrade authorizations, routine operations, and incident response mechanisms. The platform maintains ongoing technical monitoring and vulnerability assessment processes, including periodic audits and internal security incident management procedures. The use of Polygon PoS as a public, EVM-compatible blockchain infrastructure also provides operational redundancy, high availability, and resilience against failures in centralized infrastructure. |
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| Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts | |||||
| J.1 Adverse impacts on climate and other environment-related adverse impacts | textBlock | ||||
| Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism | |||||
| General information about adverse impacts | |||||
| S.1 Name | text | ||||
| S.2 Relevant legal entity identifier | text | ||||
| S.3 Name of the crypto-asset | text | ||||
| S.4 Consensus mechanism | text | ||||
| S.5 Incentive mechanisms and applicable fees | text | ||||
| S.6 Beginning of period to which disclosed information relates | date | ||||
| S.7 End of period to which disclosed information relates | date | ||||
| Mandatory key indicator | |||||
| S.8 Energy consumption | energy (kWh) | ||||
| Sources and methodologies | |||||
| S.9 Energy consumption sources and methodologies | textBlock | Energy consumption estimates are based on publicly available data and the methodologies published by the Crypto Carbon Ratings Institute (CCRI) regarding the Polygon blockchain network. Since $CEC is issued on the Polygon network and is based on its proof-of-stake (PoS) consensus mechanism, the disclosed energy metrics reflect the estimated energy consumption of the underlying blockchain infrastructure, rather than the token's specific activity. The methodology and estimates were derived from the CCRI Sustainability Index and related information available at the time of writing. |
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| Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of consensus mechanism | |||||
| Supplementary key indicators | |||||
| S.10 Renewable energy consumption | percent | ||||
| S.11 Energy intensity | energy (kWh) | ||||
| S.12 Scope 1 DLT GHG emissions - controlled | GHG emissions (tCO2e) | ||||
| S.13 Scope 2 DLT GHG emissions - purchased | GHG emissions (tCO2e) | ||||
| S.14 GHG intensity | GHG emissions (tCO2e) | ||||
| Sources and methodologies | |||||
| S.15 Key energy sources and methodologies | textBlock | ||||
| S.16 Key GHG sources and methodologies | textBlock | ||||
| Optional information on principal adverse impacts on the climate and on other environment-related adverse impacts of the consensus mechanism | |||||
| Optional indicators | |||||
| S. 17 Energy mix | percent | ||||
| S.18 Energy use reduction | |||||
| Energy use reduction target (absolute value) | energy (kWh) | ||||
| Energy use reduction target (percentage) | percent | ||||
| S.19 Carbon intensity (kgCO2e/kWh) | decimal | ||||
| S.20 Scope 3 DLT GHG emissions - value chain | GHG emissions (tCO2e) | ||||
| S.21 GHG emissions reduction targets or commitments | textBlock | ||||
| S.22 Generation of waste electrical and electronic equipment (WEEE) | mass (tonnes) | ||||
| S.23 Non-recycled WEEE ratio | percent | ||||
| S.24 Generation of hazardous waste | mass (tonnes) | ||||
| S.25 Generation of waste (all types) | mass (tonnes) | ||||
| S.26 Non-recycled waste ratio (all types) | percent | ||||
| S.27 Waste intensity (all types) | mass (tonnes) | ||||
| S.28 Waste reduction targets or commitments (all types) | textBlock | ||||
| S.29 Impact of use of equipment on natural resources | textBlock | ||||
| S.30 Natural resources use reduction targets or commitments | textBlock | ||||
| S.31 Water use | volume (m3) | ||||
| S.32 Non recycled water ratio | percent | ||||
| Sources and methodologies | |||||
| S.33 Other energy sources and methodologies | textBlock | ||||
| S.34 Other GHG sources and methodologies | textBlock | ||||
| S.35 Waste sources and methodologies | textBlock | ||||
| S.36 Natural resources sources and methodologies | textBlock | ||||