Selling Nori Regenerative Tonnes

Great, I have verified my project! How do I get paid? 

The way Nori Regenerative Tonnes are sold is unique to the Nori Program. Once your Nori Regenerative Tonnes are verified, you will consign the Nori Regenerative Tonnes to Nori who will sell them on your behalf. Regenerative Tonnes are sold for at least $20 on the Nori marketplace. Nori may sell your Regenerative Tonnes for more than the current price, but never lower. Regenerative Tonnes will be listed in a round-robin queue for selling. The signer of the Nori Regenerative Tonne agreement is often, but does not have to be, the Supplier of the Nori Regenerative Tonnes. 

  1. What do I receive from Nori? What is a Nori Regenerative Tonne? 

In the Nori Program, after signing the Nori Regenerative Tonne agreement, the supplier is issued Nori Regenerative Tonne(s) which is/are a consumable commodity that can only be sold once. 

  1. Who buys Nori Regenerative Tonnes?

Anyone, either individuals or organizations, can purchase your Nori Regenerative Tonnes at the Nori website.  

  1. What price do my Nori Regenerative Tonnes sell for?

The current Nori Regenerative Tonne price is $20.

  1. When can I sell my Nori Regenerative Tonnes?

Nori Regenerative Tonnes are put in a round robin queue for sale after verification of your project is complete, the Regenerative Tonne agreement is signed and the Nori Regenerative Tonnes are issued to the supplier. 

  1. Turn around time from verification to payment? When do I get paid?

Nori Regenerative Tonnes are listed after verification is complete, but the selling of Nori Regenerative Tonnes depends on the market demand and place in the queue. Once sold, the USD-C payment will be immediately available in your wallet.

  1. How do I get paid?

Now that Nori is fully on-chain, payment will be made in USD-C to a crypto wallet of your choice. Payment happens as Nori Regenerative Tonnes are sold. 

  1. What does “retiring Nori Regenerative Tonnes” mean?

Retiring means taking a Regenerative Tonne off the market, so that no one can claim the “credit” of removing a tonne of carbon dioxide more than once. This is important for buyers of Nori Regenerative Tonnes, as each Regenerative Tonne is automatically retired when bought and can only be claimed for the time associated with the retirement of their Nori Regenerative Tonnes when reporting on carbon reductions in environmental and sustainability reports. However, a Primary Contact can also choose to retire a Nori Regenerative Tonne unsold that they own. If a Nori Regenerative Tonne is retired unsold, then the Primary Contact has the option to sell the underlying carbon removal claim in a different ecosystem service marketplace. Nori will collect a transaction fee whenever a Nori Regenerative Tonne is retired whether sold or unsold.