GREEN - The Token That will Empower the Much-Needed Global Energy Revolution

The world is going through rapid urbanization and development. At the same time, the global population is also increasing rapidly, with India and China leading in global population numbers. These factors, along with the growing GDP of the developing and undeveloped parts of the world, will lead to a higher demand for energy.

As per the report from the World Energy Council, the global demand for crude oil will reach new heights in 2030. It will reach a total of 103 million barrels of crude oil per day. That's a phenomenal rise! It paints a grim scenario for our environment. Such a drastic increase in crude oil consumption will add to our global warming woes. Our world is getting hotter year-on-year. If we don't change our ways, we will lose a third of all life on earth.

Renewable Energy is the way Forward

There's a way for us to make amends - Renewable Energy! Yes, we have to increase the global renewable energy generation and consumption to decrease greenhouse gas emissions. Greeneum aims to accelerate the adoption of renewable energy globally. We have put in place a multi-chain architecture that will enable us to manage monetization, at both the global and local levels, along with data and energy.

Greeneum will use a combination of emerging technologies to achieve our goals. It includes artificial intelligence, blockchain, and smart contracts to validate and predict the production of energy. There's one more weapon in the arsenal of Greeneum that will eliminate many barriers holding back the renewable energy market - the GREEN ERC20 network token. In this article, we will discuss GREEN tokens in detail.

GREEN - The Greeneum Network Token

Greeneum Network leverages a unique targeted intelligence technology. It enables Greeneum to carry out validation and verification, en masse. Both smart contracts and fast validations are the backbone of the Greeneum energy transaction, as well as, the GREEN token transactions.

What Are the GREEN Tokens?

GREEN Tokens are digital ERC20 ledgers used to incentivize renewable energy. These tokens allow the Greeneum Network token holders access to Greeneum energy platform and marketplace. The users could list Green energy projects and green tech products. Our Network is changing the way crypto tokens work and how they generate value for Green energy assets and the Green community. It increases the adoption of green energy such as solar, hydro, and wind. There are in total 1 Billion Green tokens that can be released into circulation only by listing certified renewable energy production. Green Energy producers will receive incentives from the Green Fund where 1000 Green tokens are given for 1MW DC of verified renewable energy for one year. The green token incentive is given also for the previous years with 50% of the Green token incentive of the current year. Social impact projects also get Green incentives from Greeneum’s social fund, this helps them make a benefit from green energy production while increasing it, as well as bringing it to its maximum potential. Greeneum is based on the Ethereum network which allows us to connect securely and directly to any solar and renewable energy asset and to certify energy data. Green tokens are not a means of investment or profit-making and we can not guarantee the value of the green tokens. Greeneum’s automated validation process (Proof-of-Energy-Transaction PET) allows users to securely connect their renewable energy assets and trade their energy or carbon certificates. The energy produced is being validated and the asset owners are entitled to receive Greeneum Green energy Certificates (GGC) and trade their energy through validated digital assets.

The Greeneum Network incentivizes the community of green supporters through GREEN tokens. These tokens are also used as the medium of exchange in the Greeneum Network. Green tokens can be held in any ERC20 suitable wallet. Wallets such as Ledger or Trezor are considered to be more secure but for daily and limited transactions you could use Metamask for Chrome browsers or Edge wallets for both IOS or Android mobile phones. Even if you don't produce renewable energy you could get Green tokens by helping our efforts to improve the environment and fight climate change by planting trees with our partnering organizations.
Through our website, you can plant a tree with Tree Tribe, then send us your Green wallet address to collect your reward. One can also exchange GREEN tokens for other cryptocurrencies through reliable online exchanges or purchase them in order to get access to the Greeneum platform and our network energy services.

Combining Utility and Value

From the very beginning, the objective of the GREEN tokens was to provide both utility and value.

Since the tokens are developed on the Ethereum protocol, they act as digital assets bearing an intrinsic value derived from their underlying assets, properties, and/or rights.

In terms of utility, the users require these tokens to participate in the platform and gain access to the host of services available. Users can leverage services relating to the domains of energy management, forecasting, carbon credits, and Green certification. On the provider’s side, the token helps globally encourage energy companies to trade and raise funds for renewable energy projects.

Greeneum network facilitated multiple green energy projects in order to raise funds. In their pilot phase, a grid-operator in Cyprus and a micro-grid in Israel leveraged Greeneum. Using the Green token, the platform paved the way for individuals as well as companies to contribute to renewable energy projects and incentivize businesses that were positively contributing to mitigating climate change.

Green Token Distribution

The largest share, that is 25% of all Green tokens, has been allocated to the Green Fund. A total of 45% of Green coins were marked for early sale, presale and token sale. 15% of the tokens have been kept for social impact initiatives. 10% have been allocated for the team members and the Greeneum community, whereas 5% of the tokens have been allocated for the bounty program.

On the other hand, 50% of the proceeds have been earmarked for research and development. 20% goes towards marketing efforts, whereas contingency, contractors and complementary projects get 10% each.

The Qualities of the Green Tokens

The GREEN token has been developed on the ERC 20 protocol. It makes the token far more secure and predictable than a token that has been developed from scratch and runs on an independent blockchain network. The token has the backing of robust and well supported official Ethereum clients. The provision of interchangeability with Ether or other Ethereum based tokens equip GREEN with high levels of liquidity. Ethereum mainnet also offers an easy infrastructure to list Green tokens conveniently on reputable exchanges. The provisions of smart contracts that Ethereum has in it, inbuilt, empowers the participants of the network to share profits among them safely and transparently.

One of the most enticing features of the network lies in its use of AI. It helps the network to reliably create, maintain and trade energy and renewable data, leveraging the GREEN tokens and, at the same time, optimize the energy network.

Greeneum Marketplace

Greeneum marketplace is the platform’s decentralized open-market platform empowering the trading of solar and sustainable energy products and services. Through the marketplace, Greeneum connects with the widest possible range of Green energy stakeholders including the investors, the producers and the consumers. It ensures that the global decentralized green energy sector is adequately funded and efficiently traded.

Listing its products and services on the marketplace, Green energy players can reach out to a global community committed towards ecological consumption. The marketplace also exposes these green energy projects to a thriving community of impact-driven bakers and investors who are keen to collaborate with renewable energy and cleantech solutions.

The platform leverages the Green tokens to encourage participation in the marketplace. The Green token is not an instrument for making profits. Green tokens work as rewards for the production of Green energy and environmentally beneficial companies and members. It allows access to services of the platform and the marketplace products.

Bounties and Airdrops

Holders of the Green token are also eligible for airdrops and bounties. One needs to have an Ethereum based wallet to qualify for the airdrop. The airdrops are disbursed on a random basis among all address holders. Additionally, the network also incentivizes other Ethereum-based wallet holders by sending them GREEN tokens from time to time irrespective of whether they are registered on the network.

To qualify for the Bounty program, one needs to have a registration on the network. Bounty programs assign diverse tasks and activities. Once the tasks have been performed successfully, tokens will be distributed directly to the wallets.

Greeneum could offer a Green token reward for all Green wallet owners.

Green Tokens - Advancing the Green Revolution
Overall, the Greeneum Network and its native tokens are great examples of how blockchain can be leveraged to empower the agents of transition towards a green and sustainable energy economy.
The tokens enable a marketplace where green energy promoters can raise funds and earn profits by initiating peer to peer energy trade. With its use of AI, Blockchain, and IoT, the Greeneum network and its tokens will go a long way towards radically uplifting the morale and profitability of the global green energy movement’s stakeholders.

GreeneumJanuary 18, 2021