04.30.2017

DAO IPCI decentralized application (https://dapp.ipci.io) security deposit smart contract has been introduced. Security deposit contract allows for issuance (registration) of environmental units secured by Mitigation Token (MITO) deposit.

Just as Security Reserve Contract does, Security Deposit Contract provides for registration (issuance) only of the environmental units verified (assured) by the Independent entity. The Issuer’s responsibility is supported not by reservation of a share of environmental units but by security deposit.

The logic of the Contract:

The new contract extends opportunity to issue environmental units while preserving issuer’s responsibility principle.

Security Deposit Contract allows for registration of quotas (allowances) and credits, including pending verification (assurance) credits.

Contact: info@ipci.io