BitcoinX: Thank you for taking the time to chat with us today. So, tell us who you are and what your position is at DAO IPCI?
DAO IPCI: Anton Galenovich – leader of DAO IPCI Team.
BitcoinX: Tell us – what is DAO IPCI? What is the main idea behind the project and why did you decide to start it?
DAO IPCI: DAO IPCI stands for ‘Integral Platform for Climate Initiatives’. Environmental markets and carbon markets in particular are really important and potentially huge, but they are fragmented. Carbon market instruments with the same underlying are not fungible. They do need common space and tools, the ecosystem that would allow diverse stakeholders, governments, civil society, businesses and individuals actually and directly participate in mitigation activities, to register quantified commitments, invest environmental damage mitigation projects, to offset carbon footprint, acquire and trade mitigation outcomes.
BitcoinX: Blockchain technology is expected to alter the landscape and/or create efficiencies in almost every industry. In what ways does your technology address these?
DAO IPCI: The area we are addressing is one of the most logical sphere for decentralized, public, transparent and programmable blockchain solutions. Our solution resolves the issues of decentralization, transparency, tracking the origin of environmental units, their a fungibility and transaction costs.
BitcoinX: When and why did you first decide to do an ICO?
DAO IPCI: From the very beginning, in 2015, when we started developing the concept. Now we have a ready to use product and still a very big amount of R&D work ahead of us. Now it is time to launch Mitigation Token, MITO, and MITO Market, which are designed to serve as an exchange unit and exchange for whatever asset-based instruments different programs operate with. MITO holders may evaluate and assign cost to virtues and flaws of different programs and their instruments (units) by means of Mitigation Token as an exchange currency.
BitcoinX: Tell us about what preparation was required to get the project to this point?
DAO IPCI: The concept design, the architect combining environmental market expertise and blockchain expertise was necessary. Actual set of protocols, smart contracts, and source code providing necessary functionality should have been developed and tested and launched. Consultations with UN FCCC officials, governments, voluntary programs and carbon market stakeholders were necessary. It is hard even to describe all the work that had to be done to bring us to this point.
BitcoinX: What makes this project especially exciting for ICO participants? What makes them want to join?
DAO IPCI: For environmental, carbon market stakeholders it is substantial cut in transaction costs. For those who have to comply with existing mandatory requirements or are expecting introduction of mandatory requirements, it is an excellent tool to hedge volatility of environmental market prices. For environmentally responsible businesses and individuals, it is a way to mitigate environmental footprint and support result-based activities. For the stakeholder a way to enter green markets, which grow at an incredible pace.
BitcoinX: Where are you in the actual development phase of the project?
DAO IPCI: We have finalized the very initial stage of development and testing and now we have to make our solution comprehensive, to provide for interlacement of diverse environmental programs and markets, to establish a non-profit consortium for these purposes.
BitcoinX: After a successful ICO, what is the timeline for coming to market?
DAO IPCI: We have initial presence at voluntary market already however limited. Environmental markets regulators are conservative and cautious, but we are stubborn and sure of the prospects. We have specific a roadmap for expansion. The perspective are virtually unlimited. First, we shall focus on voluntary market, international aviation carbon market, while working with mandatory market regulators.
BitcoinX: Are you focused in any specific geographic areas?
DAO IPCI: DAO IPCI solution is applicable anywhere. We try to reach Europe, Asia, Africa, Latin America to deliver our message
BitcoinX: For those who have read your whitepaper and other info, is there anything else you want to add to convince them to participate?
DAO IPCI: We owe the future to our children, and we can contribute to it on our own free choice now, track our contributions and even benefit