𧡠$SRM π§΅
𧡠@SolareumChain π§΅
Thread about $SRM a project that will use a renewable energy generation based blockchain for monetization of that energy and also validate and secure the network itself!
Interested?
Let`s go!
#RenewableEnergy @gandalfcryptto @DaSheriffCrypto
So @SolareumChain was created to stop the manipulation of the energy sectors and also to cut the middle man that sometimes takes money for literally nothing!
Lowering the costs for companies, producers and us the people!
They are creating a peer-to-peer renewable energy system that will ensure that renewable energy can be:
- Generated
- Used
- Traded
- Stored
- Distributed
- Governed
- Monetized in a trustless way
I like their idea of taking the centralized entities regime and give the power to the producers and consumers, so renewable energy can be used as it should:)
That is to be cheaper and in your control!
So basically the project is about incentivizing renewable energy generation by rewarding renewable energy generators for validiting the blockchain, as well as, creating a renewable energy decentralized marketplace for self custody and making energy cheaper!
I like that!
The marketplace for the renewable energy will be smart contract based for full transparency and security, with automatic validation!
The marketplace will allow users to choose what type of energy person want to buy and choose the location of course.
They work on a cool dual consensus mechanisms called:
- Proof of Generation (POG)
- Delegated Proof of Generation (DPOG)
So the validator mechanism is selecting the nodes based on both amount of renewable energy generate and also the...
...holdings % of the coins that producers and consumers are owning and holding within this system.
So they want the dual validation to act like fall-back mechanism that auto balances to ensure the validation capacity is sufficient!
They also want to add a utility to the coin by:
- Integrate it into the renewable energy system
- Buy or Sell energy!
- Access to applications
- Incentivise usage of the ecosystem itself!
Their validator mechanism will both have:
- Random verifiable function to ensure validator themselves only know they are validators.
- Elastic validation principle to change criteria to become a validator.
What is cool the whole team is active in telegram, you can talk to them with no barriers and ask the hard question!
@MichaelNL86 - Founder (CEO)
@LuschkaD - CTO
@MrBdEFI - CMO
They are also fully verified!
So you will be able to earn even if you don`t produce the renewable energy but if you contribute to the production and secure the blockchain even more you will be rewarded additionally, so it will pay off to do it!
The SloareumChain is creating from the scratch! not a copy, and the reason is their own mechanisms I stated before and much more!
I like that, not another copy, but a genuine specific solution to the problem based blockchain!
Energy is used by everyone everyday so the renewable energy systems will only grow exponentially so will grow the need for such decentralized marketplace, making this project potential valuable in the future!
The token is #ETH blockchain based before they complete their blockchain, but this will also stay with different utility, so cool that they thought about it also!
They will launch auto-mining consensus protocol for the $ETH based token!
Auto-mining
At start 48.3% of the total supply exists that leaves 51.7% of the total supply to be auto-mined and rewarded to holders of the project.
Holders will receive rewards proportionally according to the percentage of their holdings.
The mining process will be similar to #Bitcoin mining and will include halving principles and tampering phases.
The biggest difference is that the mining completes within 18 months only!
So the Solareum #ETH part of the project gives:
- Auto-mining
- Halving principles
- Compound interest
- Tampering phases
- Flexible but limited tax
- Solareum contract security audit report
- Solareum wallet
- Solareum swap
- Solareum REGQL
The SolareumChain will be a cool blockchain and first of it`s kind to have their novel dual consensuses and renewable energy generation based!
Cool that #ETH bases utility will also be available on the Solareum Chain testnet!
SolareumChain will be EVM compatible!
So this is basically the first blockchain to flip bitcoin mining on it`s head! cool to see something different for a change!
Their roadmap is something cool so will advice anyone interested to read it whole, here is the link:
solareum.io/Solareum%20roaβ¦
From the most exciting:
- Proof of concept for the chain
- Listings
- Testnet
- Marketplace
- Wallet
- Swap
- Audits
- Bounty programs!
Links:
Tweeter: @SolareumChain
Telegram: t.me/SolareumChain
Website: solareum.io/main
What I think about @SolareumChain ? I like the renewable energy based concept and the whole idea of giving people cheaper and decentralized energy!
DYOR and check them out!
ALUCARD OUT!
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