Building a sustainable future
for Web3 sport.
Chiliz Chain is building towards an energy-efficient and sustainable Web3. Launched in alignment with the Markets in Crypto-Assets (MiCA) regulation, our Sustainability Dashboard now provides indicators for key sustainability metrics.
Sustainability Indicators dashboard.
The dashboard has been created in association with Crypto Risk Metrics, using their methodology to assure fair use of indicators and data in accordance with MiCA regulations and the associated Regulatory Technical Standards.
Energy consumption metrics for each Fan Token built on Chiliz Chain will also be made available via whitepapers.
Accelerating climate action and creating a sustainable future for Web3 sport is a key priority for Chiliz Chain. Check out our Chiliz Chain Adverse Impact disclosure here
Energy
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) chiliz is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Energy
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) chiliz is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
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