CYIOS Corp (OTCMKTS:CYIO) Stock Jumps 55% In a Week: Here is Why

Publicly traded holding company with a number of subsidiary businesses including Randombly, CYIOS Corp (OTCMKTS:CYIO), on May 17, 2023, announced the launch of CarbonCred.io, a subscription-based carbon offset marketplace empowering individuals and businesses for offsetting their carbon footprint and supporting carbon neutrality projects.

Trading Data

On Wednesday, CYIO stock slid 1.85% to $0.0265 with 2.17 million shares, compared to volume of 780.09K shares. The stock moved within a range of $0.0222 – 0.0325 after opening trade at $0.0288.

CYIOS Corp. (OTC:CYIO) Launches Carbon Offset Marketplace, CarbonCred.Io

John O’Shea, Cyios Corp Chairman expressed excitement on launching CarbonCred.io. and being part of a global movement to reduce emissions. Shea added that initially marketplace has been launched with some carbon offset projects including Verra Solar Energy Project by SB Energy Private Limited in India and the Verra Rimba Raya Biodiversity Reserve Project. He added that the projects have been approved by Verra Verified Carbon Standards, which ensures that projects are issued with unique carbon credits called Verified Carbon Units (VCUs).

Every VCU represents a reduction of one ton of carbon dioxide equivalent done by a project. The Chairman added that the carbon offset market has been simplified by  CarbonCred.io, which uses data from reputable organizations such as World Bank, UN, OECD, and Our World In Data.

The carbon Credits market is a significant market opportunity, especially for investors. The Taskforce on Scaling Voluntary Carbon Markets of the Institute of International Finance has predicted that demand for carbon credits will surge by a factor of 15 or more by 2030 and the market will be worth over $50 billion.