Base Carbon Tonne
BCT
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Base Carbon Tonne (BCT) by Toucan Protocol is an on-chain carbon credit reference token deployed on Polygon and Base. While the protocol originally launched to tokenize Verra VCUs, current data shows the asset and its market have effectively collapsed. Active development has stalled with no updates in the past 12-18 months, and community channels are completely dormant. Tokenomics indicate a severe supply reduction from ~17.7M to ~154K tokens due to mass redemptions, with backing liquidity largely drained and price collapsed to fractions of a cent ($0.0007-$0.0008). Security and governance indicators highlight high centralization (92.7% major holder concentration, unrenounced proxy ownership), anonymous leadership, and no formal 3rd-party audits on record. With near-zero volume and deprecated market status, the asset carries extreme risk.
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Tokenomics
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Market & Use Case
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Team & Governance
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Security & Audits
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About Base Carbon Tonne (BCT)
Base Carbon Tonne (BCT) is a tokenized carbon credit reference pool token launched by Toucan Protocol on October 18, 2021, deployed on the Polygon and Base blockchains. Designed as a real-world asset (RWA) token, BCT represents carbon offsets sourced from the Verra Verified Carbon Unit (VCU) registry. Each token is designed on a 1:1 mint and burn structure backed by verified carbon tonnes, with the objective of bringing voluntary carbon credits onto blockchain rails.
The protocol is governed centrally without a decentralized autonomous organization (DAO), on-chain tokenholder voting, or public input on pool composition, and the project's development team remains anonymous. Technical development on the protocol has stalled, with no verifiable updates, releases, or protocol upgrades recorded in over a year. Community engagement has similarly subsided, with zero active governance or forum activity documented.
BCT has experienced a near-total loss in market valuation, with its price collapsing to fractions of a cent (between approximately $0.0007 and $0.0008) alongside a severe reduction in circulating supply from roughly 17.7 million down to approximately 154,000 tokens following mass redemptions. This collapse has resulted in near-zero trading volume and an illiquid market. In addition, third-party security audits are absent, and smart contract analysis highlights structural risks, including unrenounced proxy ownership and high holder concentration where top holders control over 92% of the circulating supply.