Pratiwi Kusumaningtyas: ZERO CARBON - TACKLING CLIMATE CHANGE USING BLOCKCHAIN 2.4M ENERGIS

The Market is a platform for energy suppliers to list offers of zero carbon energy contracts. Energy consumers access the Market to assess cost savings from listed offers and select their preferred contract. Energy contracts are then entered into outside of the platform.

The Market consists of a switching site for household consumers and an online reverse auction for business consumers.

References to Zero Carbon Market are taken to include online switching markets

for household consumers, online reverse auction markets for business consumers and carbon credits markets for consumers in regulated markets.

The Zero Carbon Project’s goal is to speed up the transition to zero carbon emissions from energy which we believe can reduce the risks of catastrophic effects from climate change. Initially, while renewable energy remains too expensive for mass adoption, the Project will use international carbon credits and intense competition of the Market to provide a cheaper zero carbon energy alternative to burning fossil fuels.

The Zero Carbon Project consists of two parts. The first part of our solution consists of a competitive ‘Zero Carbon Market’ which provides consumers access to cheaper energy contracts where the carbon emissions have been offset by international carbon credits. The second part is based on Energis tokens that have been designed to capture the future value that customers receive from the Market. This is enabled using the distributed ledger, Ethereum smart contracts, and crypto exchanges. Energis tokens are underpinned by concrete value as energy suppliers must use them to pay their transaction fees for using the Market. Energy suppliers and consumers can sell Energis tokens to other customers, including energy suppliers who purchase them to pay transaction fees. This is the Energis economic cycle.

HOW ZERO CARBON MARKETS WORK

Suppliers of zero carbon energy can source from fossil fuels but pay a small premium to offset the carbon emissions using international carbon credits.

To cover the carbon offset premium in order to beat fossil fuel prices, our Market applies intense competition by attracting a wide range of suppliers to Market with their best zero carbon energy prices, tailored specifically to our consumers size, location and usage pattern.

Suppliers submit their best zero carbon energy offers
Offers are compared transparently using like-for-like comparisons, using an online switching system for households and an online reverse auction system for business.
Consumers select their preferred cheapest contract option across our Market.
The consumer completes the contract directly with the successful energy supplier.

HOW THE ZERO CARBON TOKEN ECONOMY WORKS

Zero Carbon tokens have been designed to be valuable in order to provide the catalyst for change and provide incentives for consumers to contribute towards tackling climate change.
Smart contracts have been deployed to the blockchain to manage the use and flow of Zero Carbon token transactions in the Zero Carbon economy.

ZEROCARBON SMART CONTRACTS’ FUNCTIONS

We designed for a Transaction Fee smart contract to receive ZeroCarbon tokens for transaction fees and to route these ZeroCarbon tokens to either the Payments contract or to the Reward Pool contract.

TRANSACTION FEES CONTRACT

Receiving transaction fees
Distributing to payments contract
Recycling to Reward Pool
Charging transaction fees – off-blockchain

The ‘Zero Carbon Market’ provides consumers access to an intensely competitive marketplace for energy sourced from renewables, nuclear, or from fossil fuels with carbon emissions fully offset by international carbon credits.

Blockchain innovation allows the Zero Carbon Project to create an Energis token which can be provided to energy consumers as rewards for engaging with the Zero Carbon Platform and contributing to its aim of tackling climate change. Without this reward mechanism the Zero Carbon Market may not provide sufficient cost savings to change consumers’ behaviors in the scale required to make a material reduction in global carbon emissions.

TOKEN DETAIL

Initial Coin Offering Basics

Token Type: ERC20

Token Description: Energis Token (NRG)

Total Token Supply: 240,000,000 NRG

Token for Sale: 121,000,000 NRG

Soft Cap: $2,000,000

Hard Cap: $20,000,000

Token Price: $0.2 per NRG

Zero Carbon Project is important because Climate change is a real threat as it poses catastrophic risks. The high cost of renewable energy sources is hindering their effectiveness in reducing carbon emission. Despite the knowledge of a majority of the population on the adverse effects of fossil fuels on the environment, they keep using them because of their low cost.

ZEROCARBON TOKEN SALE

Private presale

Selling 20 million ZeroCarbon tokens at an offer price of USD0.20/token
Hardcap of USD 4 million
Softcap of USD 2 million
Minimum contribution of USD20,000
From date to be announced until before the start of public token sale on a date to be announced, or until all tokens in the allocation are sold, whichever is sooner
ZeroCarbon tokens are locked in a vesting contract to be released in line with customer growth linked to distributed token rewards.

Public token sale

Selling 5 million ZeroCarbon tokens plus any unsold tokens from private pre-sale
Offer price of USD0.20/token
Hardcap of USD 1 million plus any unsold private pre-sale tokens at USD0.20/token
Softcap USD 2 million raised in both the private pre-sale and public token sale
Minimum contribution of 0.1 ether
Commencement date after completion of the private pre-sale, on a date to be announced
Closes four weeks later or until the tokens are sold, whichever is sooner

Allocation of proceeds from token sale