Zero Carbon Project Tackling Climate Change Using Blockchain

nurdin82 (25)in #zerocarbon • 6 years ago

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Zero Carbon is a project that handles climate change using blockchain and international carbon credits. Renewable energy has responded to the challenge well, but the challenges are too small and too slow. With the Zero Carbon Market ("Market") project, it can produce carbon emissions faster by beating renewable energy and fossil fuel contracts at prices.

As a catalyst for change, this project has created a blockchain-controlled economy providing incentives for gift-based Energetic tokens to encourage consumers.

The Zero Carbon Project tackles climate change using blockchain. The Zero Carbon Project's purpose is to accelerate the transition to zero carbon emissions from energy. We believe the planet needs to achieve this goal within the next 15 years to avoid the worst ravages of climate change. Energy consumers are concerned about climate change and would like to contribute to tackling it. However, they believe that green electricity is too expensive and their small contribution would be inconsequential. To address this problem, the Zero Carbon Project is rolling out zero carbon switching markets in competitive electricity markets around the world; and rewarding zero carbon electricity consumers with a new valuable crypto-currency called Energis.

The Zero Carbon Project has a solution to climate change which will make an immediate impact because it is competitive on price outcomes and is globally scalable. It advances energy market democracy by working in partnership with members of the crypto-community as well as customers during the token sale and also during the transition to zero carbon.

Our solution combines economic technologies that are being used for cost savings today, without the blockchain. These include online consumer switching sites, online reverse energy auctions and international carbon credits. We are enhancing these innovations by leveraging token which acts as a reward mechanism and catalyst for change, for energy consumers in the crypto-community.

The Zero Carbon Project is also different in climate change by working in partnership with our customers who are energy consumers in the crypto-community. To be successful, we really need to bring democracy to energy and blockchain.

Zero Carbon Project solution to climate change

The Zero Carbon Project approach to tackling climate change involves rolling out zero carbon markets or energy crypto-exchanges in the competitive electricity markets around the world. Energy consumers from the crypto-community access the online zero carbon market to choose from a list of offers from energy suppliers, all competing to win more business. The consumer cheapest offer if it's costs less than their current carbon based electricity. However, the cost saving and opportunity to contribute is not usually enough for consumers to prioritize switching.

We are solving this prioritization problem by working with the crypto-community. To provide the extra incentive required for energy consumers to prioritize the switch, customers are rewarded with valuable Energis tokens.

Energetic tokens derive their value as means of payment for transaction fees for participation in the energy crypto exchange, just like gas transaction fees in the Ethereum blockchain. These energetic transaction fees will then be recycled as rewards for more energy consumers to make the switch to zero carbon electricity.

Participating energy suppliers will need to source international carbon credits to offset any carbon emissions, in order to compete effectively against carbon based electricity. International carbon credits are cheap, but they are effective at reducing carbon emissions.

By working together with the crypto community, we can make an immediate impact on global carbon emissions.

Energetic Token

The Energis token (NRG) has been designed to offer an added incentive to customers considering making a switch in energy contracts. All suppliers must pay transactions costs in NRG, guaranteeing buyers in the market and a value for the tokens. Some are also given to customers as rewards for certain behaviors - signing up, referring a friend etc - who may then hold them or sell them to buyers through a crypto-exchange.

TOTAL ENERGIS TOKEN SUPPLY SUMMARY

The total supply of Energis tokens will remain at 240 million. 115 million have been allocated for the token sale and the remainder have been allocated as illustrated in the chart below.

PRESALE

Commencement dates: 18th June 2018, GMT noon
Completion date: Prior to the start of the public pre-sale, once tokens are sold or earlier.

ICO

Commencement dates: After completion of the private pre-sale, with date to be announced
Completion date: Four weeks after commencing, or once tokens are sold

TOKEN STRUCTURE :

Token name: Energic
Token ticker: NRG
Token sale contract address: 0x26b4B55f4D4EEa666dFD72998466D3523AfC3258
Total supply tokens available: 240,000,000
Tokens for sale: 115,000,000
Hard cap: USD 20,000,000 *
Soft cap: USD 2,000,000 * (for public token sale only)
Base Token price: USD 0.20 *
Restrictions: Afghanistan, Bosnia and Herzegovina, Central African Republic, Democratic Republic of the Congo, Democratic Republic of Korea (North Korea), Eritrea, Ethiopia, Former Federal Republic of Yugoslavia, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Russian Federation, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Ukraine, Vanuatu, Yemen, Zimbabwe,China, the United States and Japan.
Conditions for participation: KYC whitelisted by submitting application for approval. The form is available at the end of this page.
How to Participate: Once your application is approved you will be notified by email from [email protected] may then purchase energy by sending ether to the token sale contract address. We recommend using a gas limit of 120,000 Gwei.
Accepted currencies: Ether sent to the token sale contract address.
Will unsold tokens be burned? : Yes, this is a potential reserve token sale for any unsold tokens. This commitment within 12 months after the main sale close.
Will tokens be listed on Exchanges? What? When? : Gibraltar Blockchain Exchange (GBX) www.gbx.gi. After completion of public playsale token sale.

Viewing token in MyEtherWallet:

Token address: 0x14121EEe7995FFDF47ED23cfFD0B5da49cbD6EB3
Decimal points: 18
Token name: Energic
Token ticker: NRG

ROADMAP :

This quarter will see the deployment of smart contracts, the release of the NRG tokens and the registration of UK suppliers. By the end of the year the ICO plans to have deployed contracts, listed NRG on the crypto exchanges and started the Zero Carbon Market in the UK.

2019 should see rolling launches into different energy markets. Australia, first, then Germany and parts of the US, before expansion to other major markets like France, Italy, Canada and Japan.