Introducing Terrapass Coin (TPSC)

Unlock the World of Carbon offset Ownership

You will have full control of the Terrapass Coins funded to your crypto wallet – hold on to them as an investment, transfer them as a gift, and, of course, retire them to offset your carbon footprint.

1 Terrapass Coin (TPSC) = 1 metric Ton of carbon offsets

Premium Quality

Terrapass Coins are backed by premium quality carbon offsets that meet the Terrapass Coin Standard.

Built on the Popular Ethereum Blockchain Network

A Terrapass Coin is an ERC-20 token, stored and sent using the popular cryptocurrency and blockchain system Ethereum. It can be funded by any ERC-20 token compatible crypto wallet. For more information on crypto wallets, please check out our FAQ.

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What is the impact?

Every 1,000 lbs of carbon offsets purchased destroys greenhouse gases equivalent to 1,000 lbs of carbon dioxide. That’s like taking one car off the road for an entire month.*

*Source: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator

What are carbon offsets?

Whether it’s buying a manufactured product or driving a car, our daily activities produce carbon emissions which put harmful carbon dioxide into the environment. To help reduce the impact of the carbon emissions we produce through these everyday activities, Terrapass carbon offsets fund projects like reforestation, farm power, and landfill gas capture and removes carbon from the environment.

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Signing Up Is as Easy as 1, 2, 3…

Your Terrapass Coin Plan Options

First Steps Plan $15/month
Receive 1 TPSC per month. Enables you to offset 12 metric tons of carbon emissions per year which is what the average US individual is responsible for from home energy use and driving. That's like planting over 190 trees every year.
Learn more

Zero-Footprint Plan $30/month
Receive 2 TPSC per month. Enables you to offset 24 metric tons of carbon emissions per year which is what the average US individual is responsible for from home energy use, driving, air travel, food, purchases, waste and more. That's like planting over 390 trees every year.
Learn more

Climate Restore Plan $45/month
Receive 3 TPSC per month. Enables you to offset 36 metric tons of carbon emissions per year which is above and beyond what the average US individual is responsible for in their typical lifestyle. That's like planting over 590 trees every year.
Learn more

Frequently Asked Questions

What is a Terrapass Coin (TPSC)?

One (1) Terrapass Coin (“Token” or “TPSC”) represents one (1) metric ton of carbon offsets that meet the Terrapass Coin Standard (click here for more information on the Terrapass Coin Standard). The Terrapass Coin is a way to give Terrapass customers the ability to own and exchange carbon offsets. A Terrapass Coin is an ERC-20 token, stored and sent using the popular cryptocurrency and blockchain system Ethereum. Only certain Terrapass products accrue Terrapass Coins. Click here to view Terrapass Coin products. The TPSC contract address is: 0x88D8DA2A8D0fA5b1f4E38030AC486aDE0AFA2798

Why purchase a Terrapass Coin product?

While all carbon offset products allow you to make a positive impact to our environment, you can think of the Terrapass Coin product as the premium carbon offset product in the market. A Terrapass Coin is the proof that you possess a high-quality carbon offset that meets the Terrapass Coin Standard. Not only that, but the Terrapass Coin enables you to perform transactions that cannot be done previously at an individual level – you can now easily hold and transfer/gift carbon offsets, in addition to retiring them to offset your carbon footprint.

How will I receive my Terrapass Coin(s) (TPSC)?

Here are some step-by-step instructions on what you should do after your purchase of a Terrapass Coin product:
  1. Set up a new crypto wallet that is compatible with ERC-20 (Ethereum) tokens if you do not already have one. If you do, you may use the same one. Please refer to this FAQ for more info regarding crypto wallets.
  2. Log into your Terrapass Account
  3. Enter your crypto wallet account’s public address into the “Crypto Wallet Public Address” field in your account. Please do so no later than the first day of your first funding month. Please ensure your wallet address is entered correctly, as all transactions made with crypto are permanent and irreversible.
  4. Depending on your crypto wallet, you may need to explicitly add the Terrapass Coin contract address so you can see your Terrapass Coins. The contract address is 0x88D8DA2A8D0fA5b1f4E38030AC486aDE0AFA2798.

For help on how to find your wallet’s public address or how to add a new ERC-20 token to your wallet, please refer to your selected crypto wallet’s instructions. We have also put together the following quick reference chart for four popular crypto wallets:

Transaction Exodus Atomic Wallet Metamask Coinbase Wallet*
Receive coins (how to find your wallet’s public address) Support link Support link Support link Support link
Add Terrapass Coin token (custom ERC-20 token) Support link Support link Support link You’ll be able to search for the Terrapass Coin when you perform a Receive or Send transaction

At this time, centralized exchange wallets are currently ineligible to receive Terrapass Coin? Please reference links below on how to recover unsupported crypto:

What is a crypto wallet?

To receive your Terrapass Coins, you will need a cryptocurrency (crypto) wallet. A crypto wallet functions like a traditional wallet, but instead of paper currency, it holds proof of your digital cash or tokens. It allows to you store, send and receive cryptocurrency to/from anyone in the world.

A crypto wallet stores the public and private keys required to transact with Terrapass Coins or other cryptocurrencies, and provides digital signatures authorizing each transaction. These digital wallets can be a device, a program on an app or online website, or a service offered by crypto exchanges.

You’ll need to keep safe and secure your private key that allows you to unlock your crypto wallet in order to trade or spend your cryptocurrency.

There are 4 types of wallets: Desktop, Mobile, Web and Hardware.

Desktop Wallet: Desktop wallets are apps that run on your computer and store all your cryptocurrency on your desktop computer. The advantage of a desktop wallet is you have complete control of your funds. Security is your responsibility, so you’ll need to secure and back up your wallet, and make sure your computer is safe from malware. Popular desktop wallets include Exodus, Atomic Wallet

Mobile Wallet: Mobile wallets are apps that run on your smartphone to store and control your funds. Mobile wallets for iOS and Android operating systems are the most convenient for face-to-face payments and the use of QR codes to make quick payments. Like desktop wallets, you’ll be responsible for backing up your device to keep your digital cash safe from damage, theft or loss of the device. Exodus, Atomic Wallet, and Metamask conveniently have mobile versions of their wallets allowing you to use either type.

Web Wallets: Web wallets offer browser-based wallets that can be used either on desktop or mobile but don’t provide the full control that traditional desktop or mobile wallets offer. Metamask and Coinbase Wallet* are a popular wallets which function as Browser add-ins making them a convenient way to transact.

Hardware Wallets: Hardware wallets are safer than the other wallets as they store your public and private keys on a separate device that functions like a USB drive. It allows you to make online transactions but store your keys offline. One downside is that there is typically a higher upfront cost of purchasing the device and it is less convenient for on-the-go transactions. Ledger is a popular brand for hardware wallets.

Any of the above-mentioned wallet options would work for ERC-20 tokens such as Terrapass Coins. There are many other options out there not mentioned here that you may use for your Terrapass Coins, but please be sure to select one that can support ERC-20 tokens.

When will my Terrapass Coins be deposited in my wallet?

The chart below shows the schedule in which Terrapass funds each eligible customer’s wallet with the equivalent number of coins purchased. The funding happens by the last day of four (4) specific months in the year – December, March, June, September.

Terrapass Coin Offset product purchase date Funding date
September 1 to November 30 No later than December 31
December 1 to February 28/29 No later than March 31
March 1 to May 31 No later than June 30
June 1 to August 31 No later than September 30

For example, if you purchase a Terrapass Coin product on September 15, 2021, October 15, 2021 and November 15, 2021, you will receive the associated number of Terrapass Coins from these three (3) purchases in your crypto wallet by December 31, 2021. However, the Terrapass Coins associated with a purchase made in December 2021 will be funded on the following funding date, which is by March 31, 2022. However, these dates may change. Refer to the terms and conditions for updated information.

What can I do with my Terrapass Coins?

Once your Terrapass Coins have been deposited into your crypto wallet, you can

  1. hold on to them,
  2. transfer/gift them,
  3. retire them (i.e. Terrapass will retire the equivalent amount of carbon offsets),

Please refer to the instructions specific to the crypto wallet you opt to use on how to perform the above actions. If you choose to gift or retire your coins please note that such actions are irreversible due to the nature of cryptocurrency. The chart below is a quick reference guide on how to perform these actions if you use one of these software-based crypto wallets:

Transaction Exodus Atomic Wallet Metamask Coinbase Wallet*
Transfer/Gift coins Support link Support link Support link Support link
Retire coins Support link Support link Support link Support link

Why is the 12-word Secret Recovery Phrase for my crypto wallet so important?

A Secret Recovery Phrase is a set of twelve words that contains all the information about your cryto account, including your funds. You may think of it as the key to your account. You will need it if you ever want to switch crypto wallets. Please make sure to keep it in a safe place because if you lose it, no one can recover it for you. If someone gets your Secret Recovery Phrase, they’ll gain control over your accounts. Terrapass is not liable for any Terrapass Coins lost due to the loss of a secret recovery phrase. Please refer to the Terrapass Coin Product Terms and Conditions for more details.

What are gas fees?

Gas in cryptocurrency refers to the unit that measures the amount of computational effort required to execute specific operations on Ethereum. Gas fees are essentially network/transaction fees on the Ethereum network. It’s a fee paid in ETH to the crypto miners who process your transactions.

Since different transactions may take different computational effort, the gas fee required may differ by transaction. You may set a gas fee limit, but the gas fee you’re willing to pay will determine whether miners are willing to include your transaction in the next block, which impacts how long you may have to wait till your transaction is executed. When you perform a transaction, your crypto wallet should advise you of the gas/network/transaction fee as well as any other fees involved. To transact with your Terrapass Coins, you will need to have some ETH in your account to pay for gas fees.

Where does my money go when I purchase a Terrapass Coin product?

Your purchase funds carbon offset projects that meet the Terrapass Coin Standard. Please see the list of completed and future projects here.

Did I offset my carbon footprint by purchasing a Terrapass Coin product?

No, you need to retire Terrapass Coins (1 TPSC = 1 metric ton carbon offset) in order to address your carbon footprint with Terrapass Coin Standard carbon offsets. From your wallet, please send the desired amount of Terrapass Coins to this public address: 0x3575CECd808702Fb6826154337dFDdf6056E9889

How do I retire the carbon offsets associated with my Terrapass Coins?

In order to retire Terrapass Coin Standard carbon offsets, you must retire your Terrapass Coins. To do so, from your crypto wallet that holds your Terrapass Coins, send the Terrapass Coins to this public address: 0x3575CECd808702Fb6826154337dFDdf6056E9889. Terrapass will retire the equivalent amount of Terrapass Coin Standard carbon offsets. Your retired Terrapass Coins will no longer be in circulation.

You may only retire carbon offsets from Terrapass Coins products once your Terrapass Coins have been funded to your wallet.

While you may send Terrapass Coins to the retirement address at any time, Terrapass will retire the equivalent amount of Terrapass Coin Standard carbon offsets as scheduled below:

Date when Terrapass Coins are sent to retirement address Carbon offset retirement date
September 1 to November 30 No later than December 31
December 1 to February 28/29 No later than March 31
March 1 to May 31 No later than June 30
June 1 to August 31 No later than September 30

How does Terrapass show the carbon offsets it has retired for Terrapass Coin customers?

Terrapass posts total Terrapass Coin retirements and equivalent carbon offset retirements on a quarterly basis here. Carbon offset retirement information includes project name, type, location, vintage and unique serial numbers.

Who should I speak to if I have tax questions regarding my Terrapass Coins?

A licensed tax consultant is in the best position to answer any tax questions you may have.

Who may purchase Terrapass coins?

Terrapass coins are now available to residents worldwide.

What if I already have a Terrapass subscription?

If you’d like to switch from your existing Terrapass subscription to a Terrapass Coin subscription, please cancel your existing Terrapass subscription and sign up for a new Terrapass Coin subscription.

*Note: Coinbase Wallet is different than Coinbase.com despite both having a mobile app.