ZERO CARBON PROJECT'S TOKEN MECHANISM AND BENEFITS

lollyk (35)in #ico • 6 years ago (edited)

INTRODUCTION

The earth is becoming more fragile by the second, as the levels of pollution, greenhouse gas, and carbon emission from many industries, are on the increase. In fact, weather systems are
becoming erratic, temperatures are rising, polar artic caps are melting, water levels are increasing, and there are more methane in the atmosphere than ever before. All these issues requires quick solution.

Here's another fact; artic permafrost tre on the verge of melting, and this can release over 2 billion metric tonnes of methane into the atmosphere. These issues have been a major form of discourse in United Nations gathering, and it's the reason for the Kyoto Protocol in 1997 and the recently conducted Paris Climate Agreement in 2015.

Although new measures are being put in place towards renewable energy. These measures includes the installation of offshore and on-shore wind farms, solar panel farms, thermal power, lithium ion batteries, and even nuclear power. However, the cost of installing and utilizing renewable is on the high side, and it has prevented a widespread adoption of this new source of energy.

For this reason, Zero Carbon Project aims to hasten the transition implementation of renewable energy from fossil fuels, through blockchain technology and international carbon credits.

ENERGIES TOKEN MECHANISM

Zero Carbon market offers costs savings for companies and brands that want to make the
switch from fossil energy to renewable energy. However, the costs savings is not enough to
consumers to priorities the switch from one energy supplier to another. Zero Carbon Project
realize that for consumers to prioritize the switch, they need a certain form of incentive.

For this reason, Energis token was designed to provide tangible rewards that will be powerful
enough to act as a catalyst in influencing the decision of consumers in choosing a form of
energy that will reverse the effects of climate change.

Zero Carbon Project has effectively designed the Energis Token to grab future utility used by the
consumers when using this platform. This is accomplished when energy suppliers pay
transaction fees in the form of tokens each time they win a new consumer. The aforementioned action causes a constant internal demand and liquidity for this token. About 70 percent of Energis tokens are recycled into the system, and presented to consumers as rewards. The new holders of this token, can either hold on to them, use them to pay transaction fees or perhaps, sell them back to energy suppliers through a third-party cryptocurrency exchange
The value of this token will increase when the customer base increases. A boost in the
consumer base will lead to an increase in the number of transactions fees paid to the platform by energy suppliers. Mind you, the value of this token will dwindle, as there will be a fixed supply.

Lastly, energy suppliers are required to pay Energis token by default. Consumers, on the other hand, can choose to pay transaction fees or not. If the consumers pays the transaction
costs, then the energy suppliers is obligation to reduce the overall costs.

THE PROJECT ROADMAP