A more significant deal than you might think actually, stick around to find out how. Since it’s inception, cryptocurrencies and namely Bitcoin were thought out to require a lot of mathematical calculations. Also known as the process of mining, cryptos that need PoW or proof of work are mineable on dedicated PC rigs. As the market exploded, the demand for mining rigs skyrocketed as well; some climate change experts also raised concerns about this booming market as a great deal of electricity is required to complete the process of mining, because the machine must stay on 24/7.
Based on Metcalfe’s Law some might add that the price of bitcoin is equal to the amount of work put to generate it, that currently stands at a median of 6000 USD. But blockchain as a technology can be used to streamline almost any process that involves trust, even the current international carbon credits system. Here’s where the Zero Carbon Project comes into play!
The Zero Carbon Project: Rethinking the Carbon Credits on the Blockchain!
The team behind this ambitious project is on a mission to beat renewable energy sources and fossil fuels by issuing Energis tokens as a catalyst for positive changes. An even drastic reduction of carbon emissions is possible given the right technology stack, here’s how it’s possible. The current carbon credits system allows zero carbon energy suppliers to source fossil fuels but at the cost of a small premium.
To solve this issue, Zero Carbon Project will create a decentralised market where suppliers with the best zero carbon prices will enlist their offers for a tailored market experience towards specific consumer markets and consumption patterns. The entire end-to-end experience is backed by the distributed ledger system, and smart contracts feature that allows the selection of the best in-house prices for energy, from issuer directly to the consumer’s outlet. The blockchain benefits are already known worldwide with an unparalleled level of security and transparency.
The Energis token: the Fuel of Society 2.0!
The NRG token, an ERC20 based cryptocurrency will reward consumers for their zero carbon energy consumption provided through the smart contracts available on the platform. Another use case of the token will be the payment of the transactions fees which are calculated at 0.01 USD/kWh. Newly registered products that pass the initial quality assessment will receive incentives in the form of NRG tokens. The platform is set in such a way that users are rewarded for bringing new energy providers on the platform.
So if you want to participate in the token pre-sale, you can do so starting from the 1st of May with a price of 0.15 USD per NRG at this stage. During the main public sale, 60 million NRG will be available for purchase at 0.20 USD per token. Potential buyers will have to go through the standard know your customer process, subject to international commerce law. For a more detailed reference towards the Energis Tokens distribution process go to our Website, Telegram, Bounty Thread and ANN Thread
Btt user: maryhansenn
Btt link: https://bitcointalk.org/index.php?action=profile;u=1226816
Wallet: 0xce8c2345fe78e6244ab85b8e020bb57db0ba6c89