What Is C+Charge (CCHG)? Where To Buy It

To encourage the usage of electric vehicles, the C+Charge network has developed a blockchain-based system powered by its native C+Charge (CCHG) utility token with real-world application.

The C+Charge Network Background

The international team behind the C+Charge network (based in the USA, Thailand, and the UK, and soon expanding to Germany, Brazil, France, and Canada) believes that a swift transition to electric transportation is necessary to construct a future that is sustainable for everybody.

Their goal is to develop technologies that will facilitate and encourage the mobility of all products and people powered by electric energy.

At this time, there is no predetermined standard for how much to charge clients, and there is also a lack of standardization in the payment gateways used across the various charging points. Presently, carbon credits are only given to the owners of charging stations and the manufacturers of electric vehicles.

Therefore, C+Charge’s objective is to democratize the carbon credit sector by making it possible for EV users to participate and reap the financial benefits previously available only to huge enterprises and the very rich. 

For this purpose, C+Charge is developing its network and software to be OCPP 2.0 compliant so that it can be used with the global standard that controls charging stations everywhere. This might eventually lead to the C+Charge utility token being accepted at more than 1.8 million global charging points. 

As the C+Charge network and app are built on blockchain technology, the prices charged to drivers are always clear, and there are no hidden costs.

The C+Charge platform also has the potential to become the industry standard across all segments of the electric vehicle (EV) charging sector, with goals including the following aspects:

• Lowering the average transaction response time and enhancing transactional bandwidth; 
• Developing more efficient charging points that will permit an uptick in capacity to support anticipated EV growth; 
• Promoting user experience that will enable greater adjustment and expansion of the EV industry; 
• Reducing EV costs.

Cities might also use this platform to streamline the management of their fleets and public charging stations, all while encouraging environmentally responsible behavior among motorists by including carbon credits in an incentive program to purchase electric vehicles.

What Is OCPP?

The Open Charge Point Protocol, commonly known as OCPP, is an open-source communication standard intended to be used by electric vehicle charging stations and network software businesses. To put it another way, any electric vehicle charging station that complies with OCPP standards can be set up to run any software that meets the same requirements.

How Does C+Charge (CCHG) Work?

The C+Charge (CCHG) utility token is built on the Binance Smart Chain with the potential to transform the cryptocurrency and electric vehicle industries by providing EV drivers with carbon credits for the first time on any platform, blockchain-based or not. It also seeks to standardize EV charging payments, which would give much-required openness to a currently opaque business.

Namely, EV drivers will receive carbon credits for their vehicles with every charge they make at a C+Charge-associated charging station using a C+Charge utility token. Carbon credits will be distributed to token holders via their Reflection Program. 

C+Charge charges a 1% tax on all transactions and distributes them proportionally among C+Charge holders as a reflection token ( i.e., a reward token). Coin holders are rewarded with reflection tokens whether or not the user has performed any actions (such as making a purchase or joining a staking pool).

When drivers use the C+Charge wallet and app to recharge their vehicles, they will be eligible to get additional carbon credit benefits. This will be available only to drivers who have downloaded the C+Charge app.

C+Charge token holders and EV drivers will soon have access to carbon credits that were once only available to major businesses.

What Is C+Charge (CCHG) Used For?

The C+Charge (CCHG) utility token is used as fuel for the C+Charge payment system. By eliminating the requirement for a traditional point-of-sale system and replacing it with the crypto wallet in the app, the operator of the charging station could save a large amount of money.

The C+Charge utility token can also be used for a wide range of other practical purposes, such as fueling payment solutions for network systems of charging points, commercial parking structure charging solutions, a streamlined payment system, real-time data transfer to EVSPs for simple charger diagnostic test, and a complete solution for classifying the carbon credits earned by EV drivers and token owners on the C+Charge network.

In the bargain, C+Charge (CCHG) has the potential to transform the cryptocurrency and electric vehicle industries by providing users with carbon credits for the first time on any platform, blockchain or not. It also seeks to standardize EV charging payments, which would give much-required openness to a currently opaque business.

Where to Buy C+Charge (CCHG)?

The CCHG coin is presently engaged in its first presale stage. If you go to the official website, you will have the opportunity to purchase CCHG tokens directly from the company. 

Note that the only way to acquire CCHG is with BNB or USDT, and while you can do so with nearly any cryptocurrency wallet, C+Charge advises using either MetaMask or Trust Wallet.

How Long Has C+Charge (CCHG) Been Around? 

The C+Charge (CCHG) is currently in its pre-sale phase. It’s expected to be officially launched on March 31st, 2023.

What’s Controversial About (CCHG)?

So far, there are no known controversies surrounding this eco-friendly utility token.

How Many CCHG Tokens Are There?

The total number of CCHG tokens that will ever be issued is limited to one billion, as stated in the C+Charge whitepaper. Roughly 40% of the total token supply will be made accessible for purchase by the general public. The liquidity and exchange funds will get 8% of the total quantity of tokens. 

In addition, C+Charge will distribute around 10% of the tokens to the community through staking, airdrops, and some other forms of giveaways. 

C+Charge also plans to ramp up its efforts to fulfill its sustainability goals by reserving 5% of the tokens for use in charity and environmental causes.

One of the innovative aspects of the C+Charge token ecosystem is that when tokens are being used to settle electric vehicle charges, a fraction of those tokens will be withdrawn from circulation. This allows for a consistent supply of demand within the token’s network. The amount of organic support provided by the tokens that are removed from the system will rise in proportion to the growing number of charging stations.

Can CCHG Be Mined?

CCHG is a Binance Smart Chain (BSC) utility token built in compliance with the BEP-20 standard. In many respects, a BEP-20 token operates similarly to Ethereum and is employed to create fungible tokens that operate on BSC. 

BEP-20 is compatible with ERC-20 as well as BEP-2, which is another token standard on the BSC platform. It is incredibly adaptable and effective in deploying fungible tokens that can be used for various purposes, like developing stablecoins or utility tokens, such as CCHG. 

On the other hand, utility tokens usually cannot be mined, which is one of the most significant differences between them and other types of cryptocurrencies. The vast majority of utility tokens are pre-mined, which means that all of them are generated at the same time and then distributed according to the parameters set by the project’s developers.

Market Cap and Price History of C+Charge (CCHG)

It is anticipated that around 400 million tokens will be made available for purchase by the general public. This quantity is sufficient to satisfy all the requirements the business must meet before the project launch.

C+Charge has launched its token pre-sale, and once it concludes, the following round will have a higher price. During the initial round of the presale, one CCHG can be purchased for 0.013 USDT. 

As the presale progresses to further phases, the price will increase. In the last phase, the C+Charge token price is expected to rise to 0.0235 USDT. 

Biggest Competitors of C+Charge (CCHG)

The IMPT.io token (IMPT) and other globally beneficial crypto initiatives that aim to reduce carbon emissions and protect our environment are direct competitors to the CCHG utility token.

What Does the C+Charge (CCHG) Project Road Map Look Like?

C+Charge’s mission is to provide worldwide access to sustainable transportation through the use of blockchain technology to charge electric vehicles. As a result, C+Charge’s long-term goal is to create a secure P2P payment system for EV charging stations powered by blockchain technology. Users will be issued electronic wallets that can be used to pay fees at charging points anywhere in the world. 

C+Charge also has ambitions to increase its worldwide network of charging stations. C+Charge will also prioritize using solar electricity and other renewable energy sources wherever possible. C+Charge will focus on neglected public parking spots that serve big residential apartment blocks and commercial office complexes in places worldwide with more developed power infrastructures and less accessible space.

To this goal, C+Charge is teaming up with industry heavyweights to launch a platform where token holders can invest in the expanding electric vehicle market and cash in on the carbon credits they accrue while using their vehicles regularly.

And this is only the start, as C+Charge aspires to lead the industry in environmental and technological innovation. C+Charge further on plans to expand its network of charging stations so that it may earn carbon credits from them and redistribute those credits to EV drivers and token holders as part of a more holistic carbon credit cultivation process.

C+Charge NFTs

Committed to eco-friendly and real-life blockchain solutions, C+Charge plans to implement NFTs that its customers find helpful. Through the C+Charge app’s reflection feature, token holders will be able to convert their accumulated carbon credits from charging into NFTs.

C+Charge is a company that places a premium on finding practical applications for its technology. Therefore, it will prioritize NFTs with real-world applications. 

However, NFTs that emphasize branding and advertising have their own set of advantages, and the C+Charge network plans to provide such a program, collaborating with EV-focused automakers and other stakeholders to develop unique limited-edition ideas that center around electric vehicles.

Ultimately, the C+Charge Network roadmap’s main objective is to promote sustainable mobility across the world by increasing access to the benefits of sustainability, enhancing the environment, and decreasing carbon emissions.

In turn, it will help cement C+Charge’s position as an industry leader in the electric vehicle sector and advance the cause of accessible, environmentally friendly transportation.

Pros and Cons of C+Charge (CCHG)

Pros

• Enables EV drivers to earn carbon credits;
• Provides a P2P (peer-to-peer) charging payment system for EVs;
• Implements real-time data transmission for detection of any broken EV chargers within the system;
• It aims to address the scarcity of electric vehicle charging infrastructure.

Cons

• The initiative has not yet been officially launched, much less put into operation.

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