Malaysian Carbon Token Founder and CEO get jailed

Scammers never die! A founder and CEO of investment shitcoin "Carbon Token" have arrested and jailed in the Philippines.

**What is Carbon Token **

Carbon token is an example of a type of cryptocurrency investment related to carbon credit that is happening in the market. To give a brief explanation on how carbon token is proposed to investors by individuals/entities, is by convincing public on the potential increase of value in these carbon token which are driven by trading of carbon credit in the international market.

What is Carbon Credit?

Carbon Credit is a trading system that balances carbon emissions. Let’s say you own a factory, if the carbon dioxide that is being produced by your factory is one metric ton, it will set a value equivalent to one carbon credit. By paying the carbon credit, you are entitled to develop
environmental activities with NGOs and the government, such as planting trees, installing solar powers and supporting all recycle and carbon reduction activities.

In conjunction with the development of carbon token, the block chain high-tech anti-counterfeiting system (Blockchain + Carbon credit) was born with its carbon rights data and value.

Carbon Credit you trade with carbon token, you are entitled to paying carbon credit which helps to protect and save the environment. Logistic Credit - with logistic credit, you are actually paying your air tickets, petrol, G Car or even your courier services with Carbon Token. Letting you enjoy the benefit of 5 to 10 percent discounts. Water credit - Water credit helps support the production of clean water by spending one carbon token. Health credit - Once you purchase our Carbon Token you are automatically entitled with the benefits of owning a medical card alike. Property credit - You might also be able to purchase properties using Carbon Token in the near future. Through the convenience of block chain, which allows you to get quick approval from banks.

A carbon token is also known as a digital currency. With our current projection, carbon token will exponentially grow with the market flow.

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According to an official website shared by CarbonToken, it explains that carbon credit plus blockchain equals to carbon token. With the demand of energy growing over time, more companies would be selling carbon credits to commercial and individuals who are interested in lowering their carbon footprint, which directly translate to the growing demand and value of carbon credit in the market. http://carbontoken.com/

The tricky parts comes in when blockchain is involved. Blockchain is only a digital ledger in which transactions made in cryptocurrency are recorded chronologically and publicly. By combining carbon credit and a digital ledger mechanism, they were trying to convince investors that this new cryptocurrency (in this case, carbon token) has unlimited potential amidst the growth of green initiative market.

Philippine National Police prepare charges against Carbon Token founder and CEO.