Grid-Verified Carbon Credit Protocol

Whitepaper v1.0 — 2026

DISCLAIMER

This whitepaper is for informational purposes only and does not constitute financial advice, investment advice, or an offer to sell securities. The information contained herein is subject to change without notice. Jericho makes no representations or warranties, express or implied, regarding the accuracy or completeness of this document. Participation in the Jericho ecosystem involves significant risk. Please conduct your own due diligence before making any decisions.

TABLE OF CONTENTS

1. Abstract

2. The Problem

3. The Jericho Solution

4. Technology & Architecture

5. The JRC Token

6. Tokenomics

7. Core Utilities (13 Mechanisms)

8. Carbon Credit Lifecycle

9. AI Carbon Oracle

10. Roadmap

11. Team & Partners

12. Risk Factors

13. Conclusion

1. ABSTRACT

Jericho is a blockchain-based protocol that transforms real-world electric vehicle (EV) charging data — sourced directly from PLN's national grid infrastructure — into verified, tradable carbon credits. By reading energy consumption telemetry from SPKLU (Stasiun Pengisian Kendaraan Listrik Umum) charging points in real time, Jericho eliminates manual carbon accounting, creates a transparent incentive layer for EV adoption, and generates a liquid market for carbon assets that enterprises, utilities, and governments can access instantly.

The native token, JRC (Jericho Carbon), serves as the unit of value across the entire ecosystem: rewarding sustainable behavior, pricing carbon credits, and powering governance. Jericho is not a speculative instrument — every JRC minted corresponds to a verified unit of avoided CO2 emissions, backed by grid-level data from Indonesia's national electricity provider.

2. THE PROBLEM

2.1 The Carbon Accounting Gap

Global carbon markets are estimated to exceed $2 trillion by 2030, yet the infrastructure underpinning them remains deeply manual, opaque, and fragmented. Most carbon credits today are:

• Self-reported: Companies calculate their own emissions with limited third-party verification

• Delayed: Reporting cycles are quarterly or annual, not real-time

• Expensive to certify: Traditional carbon credit certification (Verra, Gold Standard) costs thousands of dollars per project and takes months

• Prone to double-counting: Without a unified ledger, the same emission reduction can be claimed multiple times

2.2 EV Adoption Without Economic Incentives

Indonesia's EV adoption is accelerating, yet EV owners receive no direct financial reward for choosing clean transportation. The environmental value they generate — avoided emissions, grid balancing, reduced fossil fuel dependency — is captured by corporations and governments, not by the individuals whose behavior creates that value.

• Over 212 SPKLU charging points are currently connected to the PLN national grid

• Each charging session generates measurable, attributable carbon reduction data

• That data currently goes unrewarded and unmonetized at the individual level

2.3 Grid Stress and Peak Demand

As EV penetration increases, unmanaged charging behavior creates dangerous grid stress. Without incentive mechanisms to distribute charging load across time and geography, peak demand spikes risk infrastructure failure. Traditional utilities lack the tools to influence consumer behavior in real time.

2.4 The Missing Layer

What is needed is a protocol that:

1. Reads energy consumption data directly from trusted grid infrastructure

2. Converts that data into verifiable carbon credit units

3. Distributes value back to the individuals whose behavior created it

4. Creates a liquid, transparent marketplace for the resulting carbon assets

Jericho is that protocol.

3. THE JERICHO SOLUTION

Jericho operates as a three-layer system:

Layer 1: Data Ingestion

Real-time energy consumption data is read from PLN-connected SPKLU charging stations. Each charging event is timestamped, attributed to a vehicle and user, and signed by PLN's data infrastructure as the authoritative source. This creates an immutable, verifiable record of energy consumed.

Layer 2: Verification & Tokenization

Jericho's protocol converts verified energy consumption data into carbon credit units (tCO2e — tonnes of CO2 equivalent). The conversion uses standardized emission factors applied to the Indonesian national grid's energy mix. Where renewable energy sources (PLTS, PLTA, PLTB) are confirmed as the charging source, a multiplier bonus is applied. Verified credits are minted as JRC tokens at a 1:1 ratio.

Layer 3: Distribution & Marketplace

90% of newly minted JRC flows directly to the user whose charging activity generated the credit. 10% flows to the Jericho Treasury to fund ecosystem development, subsidize bonus incentive pools, and support operations. The resulting tokens are immediately usable across Jericho's 13 utility mechanisms or tradable on the Carbon Marketplace.

4. TECHNOLOGY & ARCHITECTURE

4.1 Data Pipeline

SPKLU → PLN Data Node → Jericho Oracle → Smart Contract → User Wallet

Each step in the pipeline is designed for verifiability and tamper-resistance:

• SPKLU Telemetry: Charging stations transmit kWh consumed, session duration, start/end timestamps, and station identifier to PLN's data infrastructure

• PLN Data Node: PLN acts as the trusted data provider, signing each data packet with cryptographic proof of origin. This eliminates the need for Jericho to operate its own IoT hardware

• Jericho Oracle: The AI Carbon Oracle ingests PLN-signed data packets, validates them against expected parameters, calculates tCO2e using current emission factors, and prepares mint instructions

• Smart Contract: Upon Oracle validation, a smart contract executes the mint event, distributing JRC to the user wallet (90%) and Treasury (10%)

• User Wallet: JRC appears in the user's non-custodial wallet, immediately available for use across the ecosystem

4.2 Emission Factor Calculation

Carbon reduction per charging session is calculated as:

tCO2e = (kWh consumed) × (grid emission factor) × (source multiplier)

Where:

• Grid emission factor: Based on Indonesia's national grid average emissions intensity (approximately 0.87 kg CO2/kWh as of current national data)

• Source multiplier: 1.0× for standard grid, 2.0× for confirmed renewable sources (PLTS, PLTA, PLTB)

• Efficiency adjustment: Applied based on vehicle efficiency metrics and eco-driving behavior data

4.3 Blockchain Infrastructure

Jericho is deployed on a Layer 2 EVM-compatible chain selected for:

• Low transaction fees (enabling microtransactions per charging session)

• High throughput (supporting thousands of simultaneous charging events)

• EVM compatibility (enabling integration with existing DeFi infrastructure)

• Established security track record

All smart contracts are independently audited by CertiK prior to mainnet deployment.

4.4 AI Carbon Oracle

The Oracle is Jericho's core intelligence layer. It operates continuously to:

1. Validate incoming PLN data packets against expected parameters and anomaly thresholds

2. Calculate tCO2e for each session using real-time emission factors

3. Allocate rewards dynamically based on grid conditions, time-of-use, and geographic demand

4. Generate automated ESG reports for enterprise customers

5. Predict grid load and issue Peak Shaving notifications to users

The Oracle's reward allocation algorithm is open-source and auditable, ensuring transparency in how dynamic incentives are calculated.

4.5 Security Model

• Smart contracts audited pre-launch (CertiK)

• PLN data validation with cryptographic signature verification

• Multi-signature treasury management

• Oracle anomaly detection with automatic circuit breakers

• Bug bounty program post-launch

5. THE JRC TOKEN

Name: Jericho Carbon Symbol: JRC Standard: ERC-20 (L2 EVM-compatible) Total Supply: 1,000,000,000 JRC (1 Billion, fixed)

JRC is the native utility token of the Jericho ecosystem. Its value is anchored to verified carbon reduction activity — every JRC minted represents a real, measured unit of avoided CO2 emissions attributed to EV charging behavior on the PLN grid.

JRC is not designed as a speculative asset. It is designed as a unit of environmental value that can be:

• Earned through sustainable EV behavior

• Spent across 13 real-world utility mechanisms

• Traded on the Carbon Marketplace between individuals and enterprise buyers

• Governed — JRC holders participate in protocol governance decisions

6. TOKENOMICS

6.1 Token Distribution

Allocation Percentage Amount Production & Content Development 25% 250,000,000 JRC Marketing & Growth 25% 250,000,000 JRC Rewards & Staking 20% 200,000,000 JRC Ecosystem & Partnerships 15% 150,000,000 JRC Charity & CSR 5% 50,000,000 JRC Liquidity 5% 50,000,000 JRC Team & Advisors 5% 50,000,000 JRC Total 100% 1,000,000,000 JRC

6.2 Vesting Schedule

Allocation Lock Period Vesting Period TGE Production & Content Development 3 months 12 months linear No Marketing & Growth 3 months 24 months linear No Rewards & Staking None 18 months linear No Ecosystem & Partnerships None 12 months linear Yes (partial) Charity & CSR 3 months 12 months linear No Liquidity None None Yes (100%) Team & Advisors 6 months 12 months linear No

6.3 Treasury Mechanics

The Jericho Treasury receives 10% of every JRC minting event (from charging sessions) and collects transaction fees from the Carbon Marketplace. Treasury funds are used for:

• Bonus Rate Subsidies: Funding dynamic reward multipliers (Peak Shaving, Renewable Bonus, Green Kilometer)

• Ecosystem Development: Grants for developers, integrators, and SPKLU operators building on Jericho

• Liquidity Management: Maintaining healthy market depth on DEX and CEX listings

• Operations: Protocol maintenance, Oracle infrastructure, and security audits

Treasury is managed via multi-signature governance and subject to community oversight.

7. CORE UTILITIES (13 MECHANISMS)

Jericho's 13 utility mechanisms ensure JRC has immediate, practical use beyond speculation. Each mechanism is designed to create a self-reinforcing loop: sustainable behavior earns JRC, JRC is used across real-world services, which incentivizes more sustainable behavior.

7.1 Dynamic Charging Rewards ★★★★★

Real-time JRC rewards that vary based on SPKLU occupancy, grid load, time-of-use pricing, and geographic demand. Users naturally migrate to underutilized stations, reducing congestion and improving infrastructure ROI.

Example: SPKLU BSD → 5 JRC per session. SPKLU Alam Sutera (low occupancy) → 18 JRC per session.

7.2 Green Kilometer

Distance-based rewards incorporating vehicle efficiency, battery consumption, and energy source. Renewable charging sessions receive a 2× multiplier.

Example: 100 km EV travel → 15 JRC. Renewable source confirmed → 30 JRC.

7.3 Carbon Score

A behavior-based sustainability profile (Silver → Gold → Platinum → Diamond) that unlocks escalating benefits: charging cashback, merchant discounts, premium memberships, NFT achievements, and priority charging access.

7.4 Peak Shaving Incentive ★★★★★

Demand response mechanism where Jericho AI notifies users when the grid is approaching overload and rewards them for shifting charging to off-peak hours. Users voluntarily support grid stability in exchange for significantly higher JRC rewards.

Example: Immediate charging → 2 JRC. Shift to 22:00 as requested → 50 JRC.

7.5 Destination Routing

AI-powered charging recommendations that factor in station occupancy, energy prices, reward opportunities, estimated wait time, and carbon impact. Effectively combines navigation, charging optimization, and carbon incentives into a single user experience.

7.6 EV Challenges & Gamification

Achievement system with NFT badges, rare collections, and bonus rewards for reaching milestones (5 consecutive charging days, 10 cities visited, 1,000 km traveled). Designed to increase long-term engagement and habit formation.

7.7 Carbon Marketplace ★★★★★

The primary B2B layer. Carbon value generated from EV activity becomes a tradable asset purchased by banks, airlines, retail companies, state-owned enterprises, and ESG-focused corporations seeking verified offset credits. The entire flow — Carbon Reduction → Tokenization → Marketplace → Monetization — is automated and auditable.

7.8 Green Merchant Ecosystem

JRC can be redeemed at partner merchants including coffee chains, fast food, ride-hailing services, parking, toll roads, utilities, and lifestyle partners. This creates real-world spending utility independent of carbon markets.

7.9 EV Insurance Intelligence

Driving behavior data (distance, charging patterns, battery condition, eco-driving metrics) feeds into dynamic insurance pricing models. Better sustainability profiles directly translate to lower premiums at partner insurance providers.

7.10 Battery Health Rewards

Incentives for healthy battery management practices (charging between 20–80% state of charge). Encourages behavior that extends battery lifespan, reduces environmental footprint from battery replacement, and lowers total cost of EV ownership.

7.11 Renewable Charging Bonus

Additional incentives (2× JRC multiplier) for confirmed charging from renewable energy sources: PLTS (solar), PLTA (hydro), and PLTB (wind). Directly incentivizes use of clean energy within the charging infrastructure.

7.12 Community Carbon Program

City-level leaderboard where communities compete to achieve the highest collective carbon reduction. Leaderboard rewards drive collective participation and create social incentives that complement individual economic incentives.

7.13 AI Carbon Oracle ★★★★★

Jericho's Oracle continuously calculates the full carbon lifecycle: Carbon Reduction → Reward Allocation → Carbon Credit Creation → Automated ESG Reporting. Enterprise customers can generate instant, verified sustainability reports. Target customers include enterprises, utilities, financial institutions, governments, and ESG-focused corporations.

8. CARBON CREDIT LIFECYCLE

The end-to-end lifecycle of a carbon credit on Jericho:

Step 1 — Charging Event EV owner plugs in at a PLN-connected SPKLU. Charging session begins, telemetry data flows to PLN's grid management system.

Step 2 — Data Signing PLN's data infrastructure signs the session record: kWh consumed, session duration, station ID, timestamp, and energy source. Signed data packet is transmitted to the Jericho Oracle.

Step 3 — Validation & Calculation The Oracle validates the PLN signature, checks data integrity, and calculates tCO2e using current emission factors and applicable multipliers.

Step 4 — Minting Smart contract mints JRC tokens: 90% to user wallet, 10% to Treasury. An on-chain carbon credit record is created with full provenance: who generated it, when, where, and how much.

Step 5 — Use or Trade The user holds JRC (earning staking rewards), spends it across 13 utility mechanisms, or lists it on the Carbon Marketplace for enterprise purchase.

Step 6 — Retirement When an enterprise purchases and retires a carbon credit, the corresponding JRC is burned on-chain, creating a permanent, publicly auditable record of the offset. This eliminates double-counting.

9. AI CARBON ORACLE

The AI Carbon Oracle is the intelligence layer that makes Jericho's real-time, dynamic ecosystem possible. Key capabilities:

Real-Time Data Processing Ingests and validates thousands of simultaneous charging events from across the PLN grid. Handles edge cases, anomalies, and missing data gracefully with documented fallback procedures.

Dynamic Reward Calculation Computes reward multipliers in real time based on: grid load (sourced from PLN telemetry), SPKLU occupancy rates, time-of-use pricing windows, geographic demand patterns, and user Carbon Score tier.

Predictive Grid Analytics Monitors grid load trends and issues proactive Peak Shaving notifications before overload conditions develop. Accuracy improves continuously through machine learning on historical grid data.

Automated ESG Reporting Generates standardized sustainability reports (aligned with GRI, TCFD, and Indonesian ESG reporting frameworks) for enterprise customers. Reports include: total kWh attributed, tCO2e avoided, methodology documentation, and on-chain verification links.

Carbon Credit Registry Integration Designed for future integration with international carbon credit registries, enabling Jericho credits to be recognized alongside Verra (VCS) and Gold Standard credits in voluntary carbon markets.

10. ROADMAP

Phase 1 — Foundation (Q1–Q2 2026)

• Token Generation Event (TGE)

• Smart contract deployment and CertiK audit completion

• CoinMarketCap and CoinGecko listings

• PLN data integration: initial 212 SPKLU nodes

• Jericho mobile app beta launch (Android & iOS)

• Dynamic Charging Rewards and Green Kilometer live

• CEX listing (Toobit, Biconomy)

Phase 2 — Ecosystem Expansion (Q3–Q4 2026)

• Carbon Score system launch

• Peak Shaving Incentive rollout

• EV Challenges & Gamification live

• Green Merchant Ecosystem: first 50 merchant partners

• AI Carbon Oracle v2: predictive grid analytics

• SPKLU node expansion: target 500+ nodes

• Battery Health Rewards and Renewable Charging Bonus live

Phase 3 — Carbon Marketplace (Q1–Q2 2027)

• Carbon Marketplace public launch (B2B)

• First enterprise carbon credit purchases

• EV Insurance Intelligence: partner insurance provider integrations

• Destination Routing: navigation integration

• Community Carbon Program: pilot in Jakarta, Bandung, Surabaya

• DEX liquidity deepening

Phase 4 — Scale & Integration (Q3 2027 onward)

• AI Carbon Oracle v3: automated ESG reporting for enterprises

• International carbon registry integration (Verra, Gold Standard)

• Regional expansion beyond Indonesia

• DAO governance transition

• 1,000+ SPKLU node target

• Government and utility partnership program

11. TEAM & PARTNERS

Partners

PLN (Perusahaan Listrik Negara) Indonesia's national electricity provider. PLN serves as Jericho's primary data infrastructure partner, providing grid-verified energy consumption data from SPKLU charging stations across the national network. PLN's involvement as the authoritative data source is the foundation of Jericho's verification model.

CertiK Independent smart contract security auditor. All Jericho smart contracts undergo full audit by CertiK prior to mainnet deployment.

Toobit & Biconomy Centralized exchange partners for JRC token liquidity and accessibility.

CoinMarketCap & CoinGecko Data and discovery platforms for JRC token tracking and market data.

Ecosystem Partners

Vidsee, Unlimited, Sinergi Pictures, Memento Works, and additional media and entertainment partners supporting Jericho's content and production initiatives.

12. RISK FACTORS

Participants in the Jericho ecosystem should carefully consider the following risk factors:

Regulatory Risk Carbon credit markets and cryptocurrency regulations are evolving rapidly in Indonesia and globally. Changes in regulatory frameworks could affect Jericho's operations, token classification, or market access.

Data Dependency Risk Jericho's core function depends on continued access to PLN grid data. Any disruption to this data partnership would impact the protocol's ability to verify carbon credits and mint JRC.

Market Risk JRC token value is subject to cryptocurrency market volatility. Carbon credit market prices are also subject to fluctuation based on supply, demand, and regulatory developments.

Technology Risk Smart contract vulnerabilities, Oracle failures, or infrastructure outages could disrupt protocol operations. Jericho mitigates this through audits, testing, and circuit breaker mechanisms, but zero technical risk cannot be guaranteed.

Adoption Risk Jericho's ecosystem value grows with the number of EV users and enterprise buyers. Slower-than-expected EV adoption in Indonesia or difficulty attracting enterprise carbon buyers would reduce ecosystem growth.

Competition Risk The carbon credit tokenization space is nascent but growing. Other protocols may emerge with competing approaches or superior technology.

13. CONCLUSION

Jericho addresses three converging global challenges: the need for transparent, verifiable carbon accounting; the acceleration of EV adoption through meaningful economic incentives; and the optimization of national grid infrastructure under increasing EV load.

By positioning PLN's grid data as the authoritative source of truth, Jericho avoids the self-reporting problem that undermines traditional carbon markets. By distributing value directly to EV users rather than intermediaries, Jericho creates a powerful, self-reinforcing incentive for sustainable transportation. By building 13 real-world utility mechanisms around the JRC token, Jericho ensures that token value is grounded in practical use rather than speculation.

The result is a protocol where every charging session creates verifiable environmental value, every token represents a real emission reduction, and every participant — EV owners, enterprises, utilities, and governments — has a clear economic reason to participate.

The infrastructure for Indonesia's carbon economy already exists. Jericho connects it.

APPENDIX: KEY METRICS REFERENCE

Metric Value Total Token Supply 1,000,000,000 JRC Initial SPKLU Nodes 212 Target SPKLU Nodes (2027) 1,000+ Carbon Data Tracked 18,420 MWh Verified Carbon Credits 6,104 tCO2e Grid Emission Factor (ID) ~0.87 kg CO2/kWh Renewable Charging Multiplier 2× JRC Treasury Allocation per Mint 10% User Allocation per Mint 90% Smart Contract Auditor CertiK Data Partner PLN

Jericho Whitepaper v1.0 — 2026 For questions: [contact@jericho.io] Website: [jericho.io]

This document is subject to revision. The most current version will always be available at the official Jericho website.