Zero Carbon Project ICO — How the Tokenized Zero Carbon Market Works
If you haven’t, check out part 1 and part 2 of the Zero Carbon ICO review series!
Overall the Zero Carbon Project has two main goals: Provide people with affordable green energy and building a platform that allows supplies of green energy to sell their energy through the platform. To realize this idea, the platform will implement energies token. With this token, users can purchase energy while allowing them to compare the individual energy supplier’s prices. Additionally, these tokens will be used in the reward system implemented on the platform which rewards those users who switch to environmental friendly energy suppliers. To summarize, the platform intern token has two main functions for which it will be used for.
The Energis Token Functionalities
- Transaction and listing fees (Supplier oriented)
Suppliers who want to offer their energy services on the Zero Carbon Platform have to pay a certain fee to be allowed offering their services. These will be paid with Energis Token, actively creating a raising demand the more energy suppliers are using the platform.
2. Reward system (User oriented)
These Energis token will be distributed among users who use the Zero Carbon Platform, rewarding them for attacking the climate change issue head on by switching to “greener” energy providers. These Energis token can be sold on exchanges for other cryptocurrencies or fiat money. Energy suppliers have the chance to buy those back for the current exchange rate in order to use the Zero Carbon platform.
So how would this actually look in real life?
People would go on the Zero Carbon markets and scan through energy suppliers offers. Depending on their own personal preferences, they can choose individual energy suppliers. This could be impacted by various factors such as the location of the supplier, their energy rate and especially their emission level. In order to be able to display their offer, these suppliers would pay Energis token to be listed on the Zero Carbon markets. Once users choose a certain supplier, they will get rewarded with Energis tokens depending on how environmental friendly the energy source is. These Energis token can be then sold on exchanges acting as a cash-back function for environmental conscious end-users. These tokens can be bought by other energy suppliers which will need them in order to pay for transaction fees, offsetting their fossil fuel emissions and the listing per se.
This token-cycle is a perfect incentive for end-user to save money and use green energy while simultaneously acting as fuel for the blockchain based transactions made on the Zero Carbon markets.
In order to roll out and realize this tokenized model, the team of Zero Carbon has to have a clear plan in mind how they are going to realize this vision. How they plan to launch their platform on a global scale within 1.5 years, will be discussed in the next article!
