How Will Blockchain Technology Redefine the Future of Renewable Energy?

When you enter the crypto world, you are bound to cross paths with the word ‘Mining’. The insanely large amounts of energy required in the mining process are something known to all but discussions on its negative impacts are avoided by all means. This is one such concern that will soon be added to the long list of global environmental problems. Global warming, climate change, air, water, and land pollution are posing as major threats to generations to come.

Crypto industry is growing at the speed of light and is offering a diverse range of unimaginable opportunities. The growth of this industry is not only developing economies around the world but also is adding to environmental concerns. Therefore, there is a rising demand for renewable energy resources. At this stage, using the benefits of cryptocurrency and blockchain technology to mitigate the adverse impacts of such problems is a solution many would be seeking.

This is where TerraGreen comes into the picture

TerraGreen is a blockchain based renewable energy trading platform, that develops energy-efficient cryptocurrency to generate renewable energy products for a sustainable ecosystem.

The idea behind the platform

The main focus is to connect the consumers of renewable energy resources directly with the producers. The consumers can influence how the energy is produced and what it will be used for. The consumers and producers will be connected through the TGN coin on the platform.

TGN Coin

➢ Distributed on global and own trading platforms, and secured by renewable energy smart contract. The coin can be exchanged through online exchanges for other digital assets and/or fiat currencies.

➢ The coin will enable investment in the energy sector, availing discounts for purchase of green products and services from industries, in the long run.

➢ As per the Paris Agreement to mitigate climate change, TGN may be used to revive the carbon trade system via crypto carbon credits

➢ Value of the coin will be defined by the amount of green energy committed to being produced by the producer.

➢ Green energy producers will be able to directly trade with both users and investors using the coin. They can sell energy in advance and raise capital for setting up renewable energy plants.

TerraGreen Wallet:

A portal to dApp on the TerraGreen Blockchain that enables to hold and secure TerraGreen’s other crypto-assets built on Terragreen, to write, deploy & use smart contracts.

➢ Bill payments can be directly made from the wallet allowing the use of a combination of fiat and cryptocurrency.

➢ Transaction fee for the payments service is 0.0001 TGN.

➢ The Wallet app is based on dApp, enabling users to participate in various campaigns and access to exclusive features.

➢ Coin protocol is based on SHA-384 Algorithm, thereby providing a secure connection.

TerraGreen ICO

The ICO Crowd sale will unfold in four phases starting from Jan 21, with a minimum purchase of 1000 TGN.

➔ The first phase is offering 27 million TGN at a discount of 20% for any amount and 30% for above $5000 until Feb 4 at a price of $0.1/TGN. The effective discount from Feb 5 — Feb 18 will be 18% for any amount and 30% for above $7000 at the price of $0.11/TGN.

➔ The second phase is offering 40.5 million TGN at a price of $0.12/TGN till Mar 10 and $0.13/TGN thereafter till Mar 17.

➔ The third phase is offering 27 million TGN at a price of $0.14/TGN till Apr 07 and $0.16/TGN thereafter till Apr 14.

➔ The fourth phase is offering 13.5 million TGN at a price of $0.18/TGN till Apr 25 and $0.20/TGN thereafter till May 02.

Currently, the currencies accepted are BTC, LTC, ETH, BCH, ETC, and TGN. However, TerraGreen is working on an update to make space for more cryptocurrencies in the future. USA and China are the restricted areas.

TerraGreen is making a unique attempt at micromanaging biomass wastes and efficiently converting them into renewable energy products. Using the blockchain technology, the platform invites more companies to contribute to building a waste to energy infrastructure. The platform has an opportunity to become a leading digital energy platform with the concept of waste-to-energy, carbon-neutrality, and decentralization of the industry.

The project addresses the problem of global biomass waste and provides a constructive solution to convert it into renewable energy.

The platform is not only worth investing in but also displays an urgency to realize the environmental problems and take a step towards a green revolution.