GreenPower Network – Building up the EnergyFi foundation for Web 3.0 – CryptoMode

Blockchain and crypto tasks by no means stop to amaze us with what they’ll obtain. Yet one other instance of it’s this new inexperienced crypto mission GreenPower Network (GPN) that goals at encouraging a brand-new Use-to-Earn mannequin which bridges the use of on a regular basis actual world energy merchandise with NFTs and blockchain powered tokens. 

Since the first Bitcoin was mined again in 2009, know-how has quickly advanced. Many tasks have come up in recent times from Tokens to NFTs and now to the Metaverse. Web 3.0 is rapidly turning into a well known topic. While blockchain continues to disrupt tech and finance trade concurrently, there was a rising concern from the eco-warriors about the unintended effects of crypto mining. 

As of 2022, the Cambridge Centre for Alternative Finance (CCAF) estimates that Bitcoin consumes 131 TWh yearly, representing 0.29% of the world’s power manufacturing and 0.59% of the world’s electrical energy manufacturing. That mentioned, a rising variety of crypto tasks are addressing these issues by both investing or incentivising miners to make use of renewable power for their mining course of. 

What is GreenPower Network and How it really works

Greenpower Network (GPN) is a ground-breaking internet 3.0 platform that won’t solely encourage the use and manufacturing of renewable power by tokens and rewards but additionally enpowers numerous energy {hardware} producers to supply their energy merchandise starting from moveable energy financial institution, outside energy stations, house energy storage, electrical automobile charging stations and solar energy mills and so on. that customers can use for their on a regular basis power consumption wants. 

The decentralised community companions with energy {hardware} producers who will provide moveable Smart Energy Sources in numerous sizes and capacities that successfully cowl the customers’ moveable, outside and in-home power consumptions. These sensible energy merchandise will likely be linked to the GPN’s very personal utility accessible each on iOS and Android and the secured and encrypted energy manufacturing and consumption knowledge will likely be transmitted to the APP and connect with internet 3.0 through blockchain applied sciences. The utility will permit customers to pair with the in-app NFT which is upgradable with use of the energy merchandise or through in-app market.  The customers will have the ability to declare rewards or tokens by their paired NFTs with the use of the energy merchandise and purchase, promote, improve or commerce their NFTs. 

The Vision

The imaginative and prescient behind GPN is to encourage the use and manufacturing of inexperienced energy and to unravel the downside of power consumption in areas that’s inconvenient or going through an power disaster. This subsequent technology of energy shoppers could also be introduced on board by switching from power produced with fossil fuels to electrical energy, utilizing sensible power storage know-how to extend power effectivity, and alluring folks to take part in Web3.0 and obtain advantages.

Additionally, the utilization of inexperienced power by GPN customers will assist the planet’s sustainability and contribute to environmental safety. GPN can even contribute in direction of a greener surroundings by incentivising and investing in solar energy or different clear tech merchandise to make sure not solely do its customers earn from GPN however can contribute to really addressing surroundings points reminiscent of deforestation.

According to GPN’s spokesperson: “Greenpower Network actively encourages the manufacturing, storage, and utilization of inexperienced power, with the intention to maximise power utilization, and contribute to carbon neutrality.

The aim is to permit monitoring of power utilization and transactions on the blockchain to in the type of digital forex that customers can take part in the actual world economic system”.

Earning with GPN

With NFTs that may be staked and incentives that may be earned by renting, charging, and exchanging the sensible power merchandise, GPN makes use of a novel “Use-to-Earn” idea. This allows shoppers to achieve from the power that their machine makes use of. 

Users which have a bigger stake in the community can even be concerned in governance and have a robust voting voice as a result of the structure was developed utilizing a decentralised strategy.

The Road in direction of EnergyFi

GPN’s mannequin works on combining sensible power storage assets with blockchain and Web 3.0. As a consequence it encourages customers to utilise its renewable sensible assets whereas permitting them to earn tokens by NFTs held by customers on the dApp platform. Users can even have the ability to devour the tokens for the providers that any GPN related energy merchandise present reminiscent of moveable battery renting or EV charging portals. The tokens can even be listed in DEX or CE in the future. 

In brief, Blockchain + Web3.0 + Energy Sustainability + Real World Token Consumption = EnergyFi. 

This distinctive mannequin mixed with the newest tendencies of rising variety of inexperienced crypto tasks implies that GPN holds a novel alternative to create a brand new incomes mechanism by the “Use-to-Earn” mannequin. 

Currently the GPN group is on the remaining stretch of making their dApp Greenpower Protocol, NFT Marketplace and the partnered NFT-integrated Smart Energy Source (Hardware). The {hardware} will launch very shortly on in style crowdfunding platforms. Follow Greenpower Network socials to maintain up to date on the subsequent massive factor to hit Web3.0!

Greenpower Network Officials







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About the Author: Daniel