XELS is an environmentally focused blockchain platform aiming to formalize carbon markets using Distributed Ledger Technology (DLT). Established in Hong Kong in 2018 and primarily operated from Tokyo, Japan, the company is tokenizing carbon credits through its own XELS ERC-20 token. Initially focusing on voluntary offsets, XELS plans to eventually include compliance credits as well. The tokens will be accessible to the public through various cryptocurrency exchanges, enabling both individuals and corporations worldwide to track and reduce their carbon footprints transparently.
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