What is KLIMA
KLIMA is the ERC-20 floating algorithmic reserve currency for Klima DAO, a Decentralized Autonomous Organization with the goal of offsetting the environmental impact of carbon emissions and to fight against climate change through the development of infrastructure incentives and the issuance of on-chain Base Carbon Tonnes (BCT), creating a marketplace for allowances to emit carbon. KLIMA tokens are backed by carbon offsets in the Klima DAO treasury, guaranteeing that one KLIMA can always be redeemed for at least one Tonne.