The voluntary carbon market has a trust problem. Credits get minted, brokers take cuts, buyers pay prices nobody can verify, and the whole ecosystem runs on handshakes rather than math. Klima Protocol thinks it has a fix.
Klima 2.0, the formal evolution of KlimaDAO, launched its official protocol on March 30, 2026, following an app debut on February 24, 2026. The redesign swaps out the traditional carbon market’s reliance on bilateral negotiations and opaque broker fees for a rules-based, fully on-chain pricing mechanism.
How the two-token model actually works
At the center of Klima 2.0 are two native tokens with distinct jobs. The first, kVCM, is an uncapped token that functions as the primary settlement and governance instrument. The second, K2, has a fixed supply capped at 100 million units. K2 handles incentives and a separate layer of governance, giving the system a scarcity anchor while kVCM handles the day-to-day throughput of carbon transactions.
The protocol assesses carbon credits through what it calls carbon classes, a standardized framework built on verifiable quality attributes. This replaces the old model where a credit’s value was whatever a broker could convince a buyer to pay.
