TREE: The green energy token
Last updated
Last updated
As a green energy token, TREE plays a crucial role in promoting and facilitating environmentally friendly practices within the blockchain and energy sectors.
The foundation is structured around several key layers:
TREE Token (TREE): Utilizing BEP20 tokens to grant membership, which in turn offers access to energy and carbon credits.
TREE Token Distribution Smart Contract: This is a top-tier contract adhering to ERC20 standards. It governs the allocation and distribution of TREE Tokens to microgrid applications, proportionate to their contribution.
TREE Reserves: These are dedicated token pools for each microgrid application, interacting with the TREE Token Smart Contract. This interaction facilitates the flow of energy credit values between local and global currency systems.
Microgrid Policy Smart Contracts (MiniDAOs): These contracts and libraries establish local grid applications, setting the participation rules in a microgrid ecosystem for both users and agents.
Community Credits (TREE Credits): This framework provides libraries for local mutual credit accounting, linking and standardizing baseline accounting for grid application usage.
Collectively, these elements form a self-regulating network of microgrid applications. This network not only generates value within local economies but also efficiently distributes credits throughout the network.
Eco-Friendly Blockchain Integration: TREE token is at the forefront of merging blockchain technology with sustainable energy solutions. It represents a commitment to environmental responsibility within the digital currency space.
Support for Renewable Energy Projects: The primary objective of TREE is to fund and support projects that focus on renewable energy sources, such as solar, wind, hydro, and geothermal energy. By investing in these projects, TREE token holders contribute to reducing the carbon footprint and advancing clean energy production.
Tokenized Energy Credits: TREE serves as a medium for tokenizing energy credits, turning units of renewable energy into digital tokens that can be traded, sold, or used for various purposes within the blockchain ecosystem.
Incentivizing Green Practices: Owners of TREE tokens are encouraged to engage in eco-friendly practices, whether it's through consuming renewable energy, participating in carbon offset programs, or supporting green initiatives.
Decentralized Energy Trading: TREE facilitates a decentralized platform for trading energy credits, allowing users to buy, sell, or exchange renewable energy in a transparent and efficient manner.
Community Engagement and Governance: Holding TREE tokens often grants users a say in the governance of the platform, enabling them to influence decisions regarding project funding, development priorities, and implementation strategies.
Marketplace for Carbon Credits: TREE also functions within a marketplace for carbon credits, providing a bridge between the carbon offset market and the digital currency world. This allows for seamless trading and management of carbon credits.
Accessibility and Liquidity: By making renewable energy credits and carbon offsets more accessible and liquid, TREE is helping to create a more dynamic and responsive market for green energy.
Promoting Sustainability in DeFi: TREE integrates with the decentralized finance (DeFi) ecosystem, bringing sustainability to the forefront of financial innovations and investments.