# Welcome to Tempest! Tempest builds and manages renewable energy producing assets such as solar & wind facilities and transfers the benefits directly to $TMPST token holders. ## What is Tempest? Tempest is building a scalable digital asset platform that allows *individuals and businesses* to offset their carbon *footprint* emissions by purchasing our native $TMPST tokens. ### What are $TMPST tokens? $TMPST tokens represent a share in our total green energy output. Each $TMPST token constitutes a unit of energy created from renewable energy sources like wind and solar farms. Measured in terms of kWh, Tempest *creates environmental attributes* [Green Tags](https://en.wikipedia.org/wiki/Renewable_Energy_Certificate_$United_States$) that *represent a verifiable* kilowatt hour of renewable energy produced. These *environmental attributes,* green tags, are owned by Tempest and thus $TMPST token holders, allowing users to freely trade verified units of green energy while utilizing the speed and transparency of blockchain technology. # Litepaper

# Team The Tempest team consists of renewable energy developers, a blockchain developer, a social media marketer, and a DeFi expert. ### Sunny.Wind - CEO Sunny is a 25 year entrepreneurial executive with expertise in building great teams and great companies. Sunny has vast experience Business Development, Finance, Automotive Industry, Green Energy, Sports Management and consulting. Sunny’s vision is to grow tmpst.io into the top utility coin while giving back to each community and building a better tomorrow for everyone. ### Spock - COO Spock is a 30 year experienced entrepreneur with a proven business track record of being a hands-on wind energy project developer and the CEO of renewable energy development companies. Through his efforts and partnerships, he has facilitated the investment of approximately 3 billion dollars in over 2500 megawatts of wind energy production facilities. His role for Tempest will also be to analyze wind energy development projects for portfolio inclusion and to provide construction management of those facilities. ### Wonder.Woman - Social Media / Graphics Wonder.Woman handles all of our social media accounts. She comes from a background in marketing and assists with our graphic design and keeping the community up to date on all things related to Tempest's development. Wonder.Woman is excited about climate change and is always around to answer any questions from the community. ### Green.Nixon - DeFi Expert Green.Nixon is a highly experienced and respected figure in the DeFi ecosystem. With a proven track record of supporting numerous DeFi protocols, including Safemoon, Olympus DAO (and forks!), Strong nodes, and more, he has become a trusted advisor and thought leader in the blockchain community. As a valued member of the Tempest team, Green.Nixon brings his extensive knowledge and expertise to assist with navigating Discord, community engagement, and overall DeFi-related oversight. His passion for DeFi and unwavering commitment to supporting emerging projects in the space make him an invaluable asset to the team. ### Anakin.Skywalker - Team Member/Support Anakin.Skywalker has a background in marketing and IT services. He assists with social media management, website changes, discord and metamask. Anakin.Skywalker is passionate about renewable energy development and exploring new ways to find a zero carbon emission future. ### Anmol - ESG Consultant (UK & EU Capital Markets) Anmol is an ambitious ESG analyst with a passion for innovation and problem solving. He assess the compatibility of Tempest products for UK and EU markets and ESG requirements. He is a key network analyst to companies and regulatory ESG compliance. Consults with businesses on ESG requirements and represents Tempest for carbon offset solutions. # Pre-Sale ## Pre-Sale Date TBA

# Features

# Tokenomics

# Carbon Credit Market ## The Current Market The global carbon offset market is considered to be a billion-dollar industry. It is determined to minimize carbon emissions to battle climate change and ensure the sustainable development of the planet for future generations. The total carbon offset market comprises mandatory and voluntary markets, which are valued at around $271 billion and appr. $2 billion (as of 2021). Mandatory carbon offsets are normally leveraged by organizations or governments that are required to account for their carbon emissions by law. The voluntary carbon market (VCM), on the other hand, functions outside of compliance markets and is viewed as a more popular carbon offset market. It empowers businesses and individuals to buy carbon offsets on a voluntary basis with no intended use for compliance purposes. In recent years, a strong growth trajectory for the VCM has been registered. This is because the focus on mitigating climate change has increased as well. The VCM grew in value towards $2 billion in 2021. This quadrupling in market value from 2020 was driven by an acceleration of nature-based solutions trading volume and higher prices for these and other projects with non-carbon environmental and social benefits, such as clean cookstoves and water purification devices. VCM has already topped the $2 billion mark in 2022. Growth has been driven by both higher prices and stronger demand for carbon credits, with nearly 500 million credits traded in 2021, at an average price of $4 per ton – up 60% year on year. ## Moving Forward Mandatory carbon offsetting market is Valued at $271 billion in 2021, a 128% increase from 2008 Voluntary carbon offsetting market The VCM grew in value towards $2 billion in 2021. The VCM is expected to hit $50 billion by 2050. Importantly, nature-based and renewable energy credits on the VCM also witnessed significant growth: ● Compared to the previous years, the demand for nature-based credits in 2021 more than doubled. ● REDD+ credits, which aim to deal with the deforestation issue, grew at 280% between 2020 and 2021. The demand for carbon credits will continue to rise. It is estimated that the volume of credits required globally will increase at least 20-fold by 2035. The increase in credit volumes will lead to rising supply costs. It is projected that prices for credits could rise to a central estimate of $80-$150 per ton by 2035. Yet, these numbers could become lower if technology costs fall more rapidly or if the global abatement effort is less ambitious. The price trajectory has significant implications, as the price of carbon credits is directly associated with society’s willingness to combat climate change. According to the Intergovernmental Panel on Climate Change, limiting global warming to 1.5C above pre-industrial levels will require carbon emissions to be removed from the atmosphere. Yet, it is not clear which technologies will be able to remove carbon from the atmosphere at scale, and the costs of doing so. Tightening national carbon emissions budgets will likely make governments impose more stringent regulatory requirements, which in turn will reduce the space for ‘voluntary carbon commitments’. Moreover, tightening carbon emissions budgets will require organizations to use high-integrity carbon credits to meet regulatory obligations, particularly after 2035. It is also projected that the supply of carbon credits will become more standardized due to the competitive pressures and the requirements to scale up supply. Overall, the demand for carbon credits could increase by a factor of 15 by 2030 and by a factor of up to 100 by 2050. Meanwhile, the market for carbon credits could reach more than $50 billion in 2030. ## Our Future Carbon assets tokenization would allow the industry to benefit from secure and transparent records — from generation to sale to retirement. It will allow companies and organizations to provide official certificates that can be used as verified proof of their carbon offset initiatives, backed by immutable blockchain transactions that anyone can view. Many features of the carbon trading market are really similar to the blockchain mechanism. Blockchain is a decentralized database, which can be viewed as a form of existence of data while carbon trading is the use of data. Its main goal is to assess, store, trade, and manage carbon emissions. Blockchain allows companies to avoid fraud and double-counting. # Environmental Attributes Definition: **Value Creation:** Environmental attributes generated by renewable energy resources are well defined in the utility industry. An environmental attribute represents any and all claims, credits, benefits, emission reductions, offsets and allowances, howsoever entitled, resulting from avoidance of the emissions of any gas, chemical, or other substance to the air, soil, or water. An environmental attribute is measured by the kilowatt hours generated by a qualified green energy generation resource. Typically this can be a wind, solar, hydro, power plant. Rising global demand for these resources based on climate change initiatives will increase both the value of the energy produced and the value of the environmental attributes. Attribute token value will increase from Tempest project creation and rising worldwide market demand for environmental attributes. # Our Vision Tempest stands to be a first mover in the individual carbon offset market. ## Our Goal To create a universal utility token which represents an environmental attribute created by a renewable energy resource based on the amount of kilowatt hours the resource generates. Environmental attributes are already well defined in the utility industry. These tokens can be used to offset an individual’s or business’ “carbon footprint”. The token’s goal is to bring the environmental attributes to the individual and small business level which represents a vast untapped market. We believe the individual carbon offset market will be one of the largest and most profitable industries in the near future. Global government entities are consistently rolling out green energy initiatives aimed towards bringing the world to 100% renewable energy consumption. Goal number 7 of the [United Nations](https://unstats.un.org/sdgs/report/2019/goal-07/) states: **"To ensure access to affordable, reliable, sustainable and modern energy for all."** Starting from the ground up with Tesla-branded solar panels on our Simonson Ridge project, our platform aims to grow into an efficient solution to reducing global carbon emissions while allowing users to hold a direct interest in our total clean energy production. [Tmpst.io](https://docs.tmpst.io/further-reading/www.tmpst.io) utilizes blockchain technology to enable individuals and businesses to offset their carbon footprint in one platform. With our platform, users can acquire $TMPST tokens. These tokens represent verified units of Carbon Credits & Green Tags and they simultaneously allow users to benefit from equity ownership of our Green Energy production and thus the profits associated with it. We tokenize carbon credits so users receive them in the form of $TMPST tokens. Our $TMPST tokens and the Green Tags associated with them are further displayed in a decentralized ledger that can be tracked by users, ensuring transparency and traceability. We mint and burn $TMPST tokens depending on the amount of environmental attributes produced from the ongoing operation of our green energy production so that each $TMPST token represents a specific amount of KwH generated from renewable sources. ## The Problem Tempest recognizes a global problem that exists: How can an individual or small business effectively mitigate their contribution toward climate change? Currently only large well capitalized corporations and utilities have had the ability to add renewable energy production facilities into their energy mix to offset their energy from fossil fuel production. Tempest believes that the individual and small business market represents a vast and untapped market. In the industrialized world, governments and major corporations are bombarding the media with awareness of climate change and the impact of our collective use of fossil fuels. Many have set targets to be completely "carbon neutral" by 2035-2050. Large corporations and utilities can do their part to achieve this goal. But this represents only 10% of the emission reduction market. Each citizen of the world will have to do their part make up the additional emission reduction goal if real climate change mitigation is to be achieved. Collectively we can make an individual difference. ## The Solution Tempest provides a solution. By supporting renewable energy by utilizing the transparency of block chain technology, anyone anywhere can analyze their carbon footprint and offset the amount of energy they produce from fossil fuels. With a click of a few buttons and only a modest contribution, collectively each person or business can do their part to minimize climate change and make a difference. One Tempest Token represents real fractionalized ownership and revenue in real wind and solar energy projects. By producing energy kilowatts from renewable energy resources, that is one less kilowatt produced from a fossil fuel resource. ## Our Vision At Tempest, we are committed to do our part to mitigate the effects of climate change. By providing a platform and Token for individuals and businesses to invest in the green energy revolution, collectively millions of us can create enough energy to meet the 2050 zero emission climate change goals.Tempest is a first mover in this rapidly growing renewable energy production and offset space. We are providing an easy mechanism for individuals and businesses to offset their carbon footprint never before available to the public on a vast scale. Climate change is global. Every global citizen contributes to it by using energy. How we use energy is important. By educating the global citizenry on how they can facilitate the change by using renewable energy resources, we can achieve our zero emission goals. # Contracts All platform contracts will be open source and posted as the $TMPST token and it's presale are developed. # Social Links Find our official links here!

### Discord: