Thread by @boy_sesame

“From Sun to Blockchain: Solareum light the way to Renewable Energy Transformation 🤩💡

Innovation at it’s finest, you don’t have to wait for no one to turn those lights on🤩

Don’t miss‼️A masterpiece super bullish🧵 on @SolareumChain

LET THERE BE LIGHT😌💡
LFG🚀✨

It’s no news that the importance of energy should not for a second be under emphasized and with evolution of technology and it’s ever-growing demand, it’s exploitation shouldn’t be placed in the hands of centralized entities but in the hands of consumers and producers...

creating a decentralized peer-to-peer renewable energy and this is where @SolareumChain comes into play

📌WHAT IS @SolareumChain ?
It is an L1 blockchain in development, on ETH for now that aims to stop the manipulation of the energy sectors and also to cut the need for...

intermediaries that are really not needed, creating a decentralized peer-to-peer renewable energy system to ensure that renewable energy can be
-Generated
-Used
-Stored
-Distributed
-Governed and
-Monetized in a trustless way

I LIKE THAT!

♦️This clearly makes energy cheaper making life easier for business, producers and we the consumers!

Solareum will surely excel in its cause as it clearly solves a big setback and that’s what this space is all about
INNOVATION!!

#RenewableEnergy #Sustainability #solarenergy

📌WHAT MAKES @SolareumChain UNIQUE?

The system also encourages everyone to become more self-sufficient and independent when it comes to energy. Plus, it's all powered by blockchain technology, which makes it super safe and impossible to tamper with.

Here’s the cool part: Consumers can use their coins $SRM to buy renewable energy from producers, all occuring seamlessly

-You get to choose the type of energy you want and even pick the producers near you

-In the cause of making the system fair and inclusive, they would be...

implementing a dual dynamic validation mechanisms , with the main driving mechanisms of the system based on
1. Renewable Energy Generation
2. Holdings % of the cryptocurrency

You see some systems out there, like Bitcoin, use a lot of energy- not great for the environment...

Others, like Ethereum, require a lot of money to participate, leaving some people out.

#SRM stands out by focusing on generating energy in an eco-friendly way which is good for the planet and inclusive too!

Working on two consensus mechanisms:

-Proof of Generation(PoG)
-Delegated Proof of Generation
This methods helps them select the right players in their system based on generation of renewable energy and their coin holdings

♦️The more energy you generate, the higher your chances of being selected as a validated...

-That’s not all. To give everyone a fair shot, amount of coins would be considered too, if you are holding a good chunk of coins, you will have a better chance of becoming a validator, regardless of your energy generation

Now here’s the cool part: as renewable energy grows...

the importance of coin holdings in validation decreases. And vice versa! This dual dynamic mechanism ensures a smooth transition and keeps things balanced

-Holding the coins will be like having a golden ticket to their renewable energy system as you’ll be able to purchase...

renewable energy on their decentralized marketplace and access all the amazing applications they have in store

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.

♦️The @SolareumChain is not a fork/copy like other blockchains, it's a revolutionary new consensus mechanism (Proof of Generation)

📌THE PROBLEM
Blockchain technology relies om energy usage and permanent capital allocation...

to secure the system and incentivize particpants. However this dependence leads to centralization in other areas and poses environmental and inclusivity challenges

♦️Traditional energy systems, based on fossil fuels are limited, non-scalable and centralized making producers...

and consumers face imposed settlements and taxes

♦️To overcome these issues, @SolareumChain offers the opportunity to generate revenue from renewable energy with no centralization.

-It provides a sustainable and independent way to support, validate and secure the blockchain...

while promoting environmental preservation and financial freedom

📌FEATURES

♦️Auto Mining
-Using a mechanism called “rebase“, which adjusts the token supply at regular intervals.

-This ensures that the supply expands at a fixed rate. It's like a well-controlled tap of...

tokens!

♦️With this protocol, they can provide an APY to investors, regardless of how much trading is happening. It's a way to reward investors for their participation.

♦️Rebase and distribution of mining rewards happen every 12 hours like clockwork. But here's an...

interesting twist: every 60 days, the APY gets halved by the contract. It's similar to how Bitcoin has its halving events.

♦️Now, it's important to note that the token supply can only increase through the rebase mechanism.

♦️LP holder don't recieve mining rewards in this...

setup, reason is to keep the liquidity pool and base balanced

♦️At start 48.3% of the total supply will exist leaving 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.

📌HALVING PRINCIPLES

♦️The project ensures a fair and controlled distribution of tokens over time. Initially, investors can enjoy a high annual percentage yield (APY) of 600%, which decreases every 60 days.

♦️After approximately 540 days, when the APY...

reaches around 0.50%, all tokens will be in circulation. At that point, mining rewards will no longer be available, and holding the tokens will offer new incentives and utility for investors.

📌COMPOUND INTEREST
The longer an investor hold more token, the more interest...

they accumulate independent of volume.

📌TAXES

- A 5% tax will be charged on both buy and sell transactions, while transfers will have 0% tax.

- The tax consists of 3% for automatic liquidity adding and 2% for development and marketing initially. These percentages can be...

adjusted based on the project's and investors' needs, but the total tax will never exceed 5%.

♦️This flexible tax structure provides certainty and safety for investors while allowing the project to maintain an un-renounced code contract for future utility.

This tax structure indirectly benefits investors by effectively applying a 2% net tax.

@Greenpeace @GreenpeaceUK @greenpeaceusa @EmberClimate

📌TOKEN ALLOCATION
Check the picture attached for more details on the token allocation 👇🏻

📌THE TEAM AND COMMUNITY

♦️In my journey so far in the DeFi space, I’ve never seen a team as active and vibrant as the @SolareumChain team, very easy to talk to, engaging and always ready to answer your questions, comprising of experts in renewable...

energy, blockchain, and technology, is passionate about creating sustainable solutions.

♦️With their hard work and dedication, $SRM has already started eating zeros like Pac-Man and would continuously be in an uptrend and soon take the world by storm and lights💡🤩

📌KYC
@SolareumChain has been duly verified and endorsed ✅by the pioneers of KYC in #DeFi

https://twitter.com/solareumchain/status/1653462456751075329

📌COMMUNITY
A community of hardworking, cordially bonded, goal driven individuals with a common interest which is the success of @SolareumChain which I’m proud to be a part of,
$SRM is already climbing up the the ranks and amassing more likely minded individuals

📌ROADMAP
♦️With the current work-rate of the @SolareumChain team, every phase of the well constructed roadmap would be ticked off in no time ✅

Check the picture attached for more details

📌TRACK RECORDS
“A proven leader always has a proven track record

In just Week 1

- Complete Solareum Rebrand
-Website Launches (Desktop & Mobile)
- CMC Listing
-@coinmerge listing
- Organic Twitter Trending
- Completed 6 AMA's (Two held yesterday)
- Completed 3 BigBuy...

competitions

📌PARTNERSHIPS
Partnering with such reputable and notable name in the Web3 space is no child's play and this further explains how hardworking and genuine the team is

📌MY CONVICTION
-♦️With the striking and flawless narrative that $SRM is built on, soonest, it will be flying to the moon and beyond, there is absolutely nothing that can go wrong, instead it keeps going right like it’s been doing🚀✨

♦️Its obviously underknown and will get...

the limelight soonest

♦️This is a project that is clearly invested in the future (Longevity is key)

-Solid hype and narrative

-Dedicated and active community

-First of its kind Utility

What more are you looking for in a project?
Don't fade to cope later🧏‍♂️ Still early!

💡Embrace a sustainable future. Join a transformative energy ecosystem, trade renewable energy directly, and shape a greener world. Don't miss out – be at the forefront of the renewable energy revolution!

Their comprehensive white paper is currently in the works. Use those👇🏻

To stay updated and not miss out on the action, you’d need this links
Website: solareum.io
Telegram: t.me/SolareumChain
Gitbook: solareum.gitbook.io/solareum-a-pee…
Medium: medium.com/@solareumchain…
Roadmap: t.me/SolareumChain/…

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Tagging other Defi gigabrains

@VanessaDefi
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#Cryptocurency #SRM