The Team are proud to announce the achievement of a momentous milestone: our Concept Methodology Note (CMN) has been accepted by Verra with resoundingly positive feedback! This is a world first, no other cryptocurrency has achieved this in the real-world carbon economy! Basically this means the foundations of our idea have been reviewed by the…
While we continue to wait on Verra for approval of the CMN, it’s time for an update on CRI Finances, brought to you by our CEO: Our funds are currently £12,380 in cash, approx. $5k in BTC and $30k prepaid to the carbon credit consultants (net of their expected charges). Costs incurred so far are…
Special early-stage investment tax breaks We have been in the process of clearing CRI with tax authorities in the UK for special early-stage investment tax breaks (SEIS & EIS) over the past 3 months. Last week we finally received confirmation that CRI is cleared to approach UK investors and offer shares under these schemes, which…
CRI work continues to progress on multiple fronts. To satisfy Verra’s auditing requirements, we have had a secondary CARI Explorer developed externally (they cannot use our primary CRI-developed Explorer for obvious reasons), which will allow independent auditing of the alternate BTC/PoW transactions (which generate carbon credits): cari-explorer.projectmerge.org You can click on the “Carbon Credits Generated”…
The Carbon Methodology Concept Note has been completed and submitted to Verra! This is a very significant milestone! The Program Manager at Verra who Sue is working with to review the Concept Note is one of the most experienced people there, so we are excited to watch the progress over the coming weeks. In the…
