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Millionaires At Christmas 2023 Historic Carbon Credit Milestone For Antigua Citizens

ByAlki David

Nov 17, 2023
Revolutionary Coral Project Ushers New Era in Climate Action and Wealth Redistribution: SwissX Island Ventures and Antigua Join Forces

In an unprecedented move, SwissX Island Ventures, in collaboration with the Farmers Antigua Trust, a governmental entity dedicated to environmental and health advancements, has launched a groundbreaking initiative spanning an astonishing 28 million acres of coral in the Caribbean, between Antigua and Barbuda. This project, a beacon of hope in the fight against climate change, involves regenerative sea grass farming, a technique that not only helps sequester carbon dioxide but also creates vital blue carbon credits.

Find out more November 24 25 and 26 Swissx Ganja Farmer Crypto Fest

The venture’s uniqueness lies in its partnership with Carbon Core, a renowned Swedish and Emirates-based agency specializing in carbon footprint verification, receiving backing from both the Swedish and Antiguan governments. Adhering to the stringent REDD++ verified carbon standards, this initiative boasts the capability to sequester a staggering 100 million tons of carbon dioxide.

2JK13GW Aerial view of coral reef in the crystal clear sea and tropical lagoon, 11 Mile Beach, Barbuda, Antigua and Barbuda, West Indies, Caribbean

Financial innovation is at the heart of this project, with the blue carbon credits being supported by futures contracts on the Swissx Marketplace. The framework integrates IBM Agriculture’s global measurement standards and the Swissx Ripple XRP wallet, linking directly to Antigua’s trillion-dollar Sovereign Wealth Fund, Climate Haven Antigua Trust Company.

In a remarkable move towards wealth redistribution and global engagement, the SwissX Ripple will redistribute wealth generated from these futures contracts worldwide, including with other Small Island Developing States and West African nations. This effort is set to establish the first-ever Carbon Credit Registry specifically for Black and Brown countries.

A significant milestone was achieved on Christmas Day 2023, marking a historic moment for the citizens of Antigua and Barbuda. Each of the approximately 110,000 individuals received $1 million in carbon credits, tradable on the open market. This milestone was celebrated with educational workshops and cultural events, introducing the populace to the SwissX Climate Coin.

This ambitious project is more than an environmental conservation effort; it’s a leap forward in carbon sequestration and economic development, especially for small island states. By merging advanced technology, international cooperation, and a dedication to sustainability and equitable wealth distribution, it stands as a shining example of what can be achieved in our global fight against climate change.

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.