What is neobanking?
Neobanks, also known as challenger banks, harness the power of modern technology to give customers the financial services they want, where and when they need them. Neobanks operate exclusively online with no traditional bank branches.
How do I become a member of CARBON?
Register your interest at carbon.xyz to join the waiting list for membership.
CARBON will keep you informed with release dates, partnerships and other news.
How do you transfer money into CARBON?
Inside the app, CARBON users can connect directly to their chosen bank accounts via open banking, to transfer funds directly into their CARBON wallet.
What are GEMS?
GEMS are CARBON’s native cryptocurrency token. They hold a monetary value which can be spent, sent or exchanged. The GEMS token is built on the PolkaDot blockchain network.
What is STAKING?
Staking refers to the holding of cryptocurrency funds in a digital wallet, supporting the functionality of a blockchain network. When cryptocurrency is locked in a digital wallet by a stakeholder, they are rewarded by the network in return. In CARBON, staking locks your GEMS into a smart contract over a fixed period of time to earn you more GEMS.
What is ‘burning’?
Coin burning of cryptocurrency means sending native cryptocurrency coins or tokens to a public digital address, from which those particular coins can no longer be spent. When a cryptocurrency operates on a deflationary model, coins can be burned to reduce the total supply, increasing their market value.
Is CARBON a social media platform?
No, however the Marketplace and Creative modules include an infinite scroll model that allow you to share digital and physical assets from CARBON on your own social media channels. CARBON features an integrated AI system that will adapt these modules to your personal tastes and shopping habits.
Does CARBON charge banking fees?
CARBON has a zero-fee policy and will always remain this way.
How secure are my funds and assets in CARBON?
Keeping your assets safe and secure is our core priority. CARBON is an authorised e-money agent of Railsbank*. Your currency is therefore safeguarded in segregated accounts, and your digital assets are stored within FireBlocks, a market-leading custody provider.
*Railsbank is part of the Financial Services Compensation Scheme (“FSCS”). The FSCS is a government backed scheme that seeks to protect your money if an investment firm collapses, up to the value of £85,000.
Is CARBON environmentally friendly?
CARBON is an eco-conscious platform that runs on the PolkaDot blockchain network, a cryptocurrency that works on a Nominated Proof-of-Stake algorithm – an authentication process requiring significantly less energy use than Proof-of-Work models.
CARBON offsets our CO2 emissions in partnership with planetly.com.