Convert XELS XELS to B3 (Base) B3

XELS is an eco-conscious blockchain platform enabling corporations and individuals alike the ability to easily and transparently offset their carbon footprint by purchasing tokenized carbon offset credits. Since the birth of carbon offset markets in the wake of the Kyoto and Paris agreements, fraud has been a serious problem. Bad actors have been known to sell fake or expired carbon credits, and credit “recycling” fraud can lead to double spending of unretired carbon credits (see here for an example of one of the biggest fraud cases to hit carbon credits, which even ensnared Deutsche Bank. Blockchain’s distributed ledger technology is the perfect use case for carbon credits, as it cannot be changed, reversed, or double spent. Digital assets can also be “burned,” along with a transaction hash that proves the associated credit has been retired forever. We’re initially launching the eponymous XELS token as a “platform token” to access a future suite of stable tokens pegged 1:1 to various industry-standard voluntary carbon offset credits – think of those as being the “USDT” of carbon credits.

B3 is a gaming ecosystem built on Base. The gaming ecosystem operates as a Layer 3 settlement layer on Base, in order to leverage the lower gas fees and higher throughput. The platform focuses on an open gaming ecosystem that streamlines interactions between developers and players by removing the need for wallets, bridges, or multiple tokens using chain abstraction technology. The B3 token can be used for governance, in-game transactions and access to in-game features.