Dovu [OLD] Price

About the coin

DOVU is a unique tokenized data economy that focuses on DeFi carbon offsetting. It is partially owned by Jaguar Land Rover, which adds a layer of credibility and industry backing to the project. The primary aim of DOVU is to facilitate a decentralized marketplace where landowners who have implemented carbon sequestration practices can tokenize their land. This tokenization allows businesses and individuals to easily offset their carbon footprint, promoting environmental sustainability.

Main features

The main feature of DOVU is its decentralized marketplace that connects landowners with businesses and investors interested in carbon offsetting. By tokenizing land that has been committed to carbon sequestering practices, DOVU provides a platform for transparent and efficient carbon offset transactions. This not only helps in reducing the carbon footprint but also incentivizes landowners to adopt and maintain sustainable practices.

How it works

DOVU operates on the Ethereum network, although it has migrated from BSC, Ethereum, and Polygon to Hedera for enhanced performance and scalability. The platform allows landowners to tokenize their land, creating a digital representation of the carbon sequestration potential. Businesses and individuals can then purchase these tokens to offset their carbon emissions. This process is facilitated through smart contracts, ensuring transparency and security in transactions. The migration to Hedera is part of DOVU's strategy to improve its infrastructure and offer a more robust solution for carbon offsetting.