CANA Token: What It Is, Uses, Supply and Risks

CANA is an Ethereum ERC-20 token issued through the Maseer real-world-asset platform. Its stated purpose is to give holders on-chain exposure to California Carbon Allowances, which are tradable permits used in California’s cap-and-trade program. These allowances are different from voluntary carbon offsets: they do not, by themselves, represent a project that removes or avoids a tonne of emissions.

CANA’s issuer describes each token as representing ownership of physical California allowances and says the token has a price floor that rises at CPI plus 5%. Those are project claims about the asset and its pricing mechanism, not proof that a holder can redeem a token for an allowance or receive a guaranteed payment. Public sources do not specify the legal structure for holding the allowances, how redemptions work, or how a price floor would be enforced. Those details matter when assessing what ownership of CANA means in practice.

CANA is intended to provide a blockchain-based way to hold exposure to California Carbon Allowances. The project describes the token as freely tradable and says it can be used in decentralized finance, including as collateral. These are stated capabilities, not a guarantee that a particular exchange or DeFi application supports CANA, or that users will find buyers and usable collateral markets.

The token’s potential uses therefore depend on the venues and integrations that actually accept it. Before transferring CANA to a dApp, check that the application supports the correct Ethereum token and understand what happens if collateral value falls or a position is liquidated. The project also describes oracle-based pricing, but public sources do not identify the oracle, its data sources, or how pricing disputes and outages are handled. CANA should not be confused with a token that automatically retires carbon offsets or proves that a holder has compensated for personal emissions.

The reported circulating and total supply were both about 30,837.4 CANA as of 2026-11-05. No maximum supply is specified, and no launch date is available in the stated information. The matching total and circulating figures describe the reported supply at that time; they do not establish whether future issuance, burns, or changes to the token contract are possible.

As of 2026-11-05, the reported price was about $20.83, with a market capitalization and fully diluted valuation of about $642,000 each. Reported 24-hour trading volume was about $17, so the quoted price may not reflect what a holder could receive when selling a meaningful amount. These figures can change and are not a forecast. CANA is listed as an Ethereum-issued token, rather than the native token of a separate blockchain. Verify the token contract and network through a trusted project source before sending funds; the ticker alone is not enough to identify a token.

CANA carries smart-contract and Ethereum transaction risks, as well as risks tied to the issuer, custody of the underlying allowances, and any legal rights attached to a token. The stated price floor is not the same as a guaranteed redemption price unless enforceable terms and a working redemption process support it. Oracle errors, a service outage, changes in California’s cap-and-trade rules, or problems with the underlying asset could also affect the token’s value or usability.

Trading appears thin based on the reported 24-hour volume, which can make it difficult to sell at a quoted price. DeFi use adds risks such as liquidation, application vulnerabilities, and loss of access to deposited tokens. For storage, use a wallet that supports Ethereum and ERC-20 tokens, and keep the recovery phrase private and offline. Confirm the contract address from a trusted project source before adding or transferring CANA. Sending it on an unsupported chain or to the wrong contract can result in permanent loss.