Clover Carbon Exchange recently launched the token CIT (Clover Infinity Token), which is based on the concept of Decentralised Finance (DeFi) with elements of sustainability. Through blockchain technology and financial incentives, it encourages people to practice low-carbon actions.

CIT is reinvigorating the environmental cause by evaluating and tokenising natural assets, such as forest carbon rights.

CIT's IEO subscription campaign has been opened with an initial price of 0.2 USDT and the first phase has been sold out. The second phase has been launched on 29 April at 14:00 (GMT+8) and was sold out in 6 minutes, with a subsequent plan to go live on mainstream exchanges after July.

The third phase of IEO will start at 14:00 (GMT+8) on 6 May.

CIT has attracted the attention of well-known venture capital organisations, including Sequoia Capital, Paradigm and Coinbase Ventures, and Clover Carbon Exchange executives have revealed that they will complete the co-operation with the above organisations in Phase 5.