PARTNERSHIP ANNOUNCEMENT LPI DAO X Enrex
Enrex — Makıng Bitcoin and Other Cryptocurrencıes Green Agaın!
LPI DAO is thrilled to new partnership, Enrex — an unparalleled environmentally focused decentralized initiative, that will finally bring carbon accountability to the blockchain.
Enrex is the one-stop shop for environmental DeFi, that through the integration of various registries, partners and services will soon be ready to offer the first official decentralized marketplace for CO2 allowances and renewable certificates.
In a cultural climate that emphasizes ecological responsibility, it will provide environmental accountability with a crucial bridge to blockchain based efficiency. All the information pertaining to a transaction object’s history, origin, and inner transactional journey is recorded directly into an Enrex token, and can be traced back just as easily.
Enrex will launch the first exchange on Solana for CO2 allowances and renewable energy certificates. The platform acts as a bridge to unlock digital asset services by combining the features of real world assets and modern cryptocurrencies with speed, security and cost savings at the forefront.For traders and trading houses, companies, power plants, brokers.
Through the integration of various registries, partners and services, Enrex is a one-stop shop for all activities related to environmental DeFi. All the information, pertaining to the transaction object’s history, origin, inner transactional journey, is recorded directly into an Enrex token, and can be traced back just as easily.
CO2 allowances and renewable certificates will be tokenized and issued based on their type, location and validity. All tokenized CO2 allowances and renewable certificates can be traced to their real world certificate counterparts. All trading will be made directly with the Enrex token and the fees will be collected in Enrex token as well. (see more in tokenomics).
-Enrex Dex V2
Enrex DEX will be fully automated and decentralized DEX for issuing, trading and tokenizing CO2 allowances and renewable energy certificates for all trading houses and power plants without intermediaries. As in the future all prosumers (A prosumer is an individual who both consumes and produces) will be able to produce renewable energy certificates, they will have an option to swap them to Enrex’s cryptocurrency in a hassle-free fashion. Via the DEX operations a prosumer will have the full insurance on the value’s non-fluctuation. In other words, the higher quality of liquidity is achieved, because the transaction fees can be manipulated and/or chosen within a lenient range.
Offset directly using Enrex token (in the following operations) based on your choice of certificate (CO2 allowances or renewable energy certificate):
- Crypto transactions;
- Smart contracts;
Enrex decentralised application (dapp) will let you offset your certificates by entering comments to provide the cancellation amount and the cancellation object. The dapp will perform the automation of certificate cancelling in the real world registries and issuing an NFT as a proof of cancellation. All cancellations will be tracked on blockchain and real world registries with proof traceability. Again, dapp is the further step in a proof-of-history architectural style of Enrex’s ecosystem.
Users will be able to track all offsets on the blockchain, and it will be available to be accessed and checked by anyone within the Enrex ecosystem. As the CO2 allowances and renewable energy certificates will be canceled on the OG registry, the link in the chain will be provided to deliver proof of cancellation and the NFT as a proof of ownership.
Traceability has emerged as a prime requirement for a multi-tier transaction activities. Nowadays, it enables visibility and caters to consumer and user requirements of transparency and quality of work assurance. So, offset tracking will not fall behind, hence, implementing a similar type of tracing within the Enrex ecosystem.
Enrex environmental API will enable decentralized and real world applications to unlock the mandatory CO2 allowances and renewable energy certificate market without intermediaries.
The whole idea of an accessible API is to provide the user experience with the least impediments possible. Thus, Enrex’s API shall fully integrate offsetting to a market-leading digital environment.
Also, Environmental API, being as open as it is, will obviously ensure the utmost amount of liquidity, as well as maintaining it. Moreover, the API will be working in such a fashion, that more and more newcomers could benefit from an even larger amount of opportunities to thrive, from the biggest businesses to the smaller digital application procurers.
$ENRX Token Utility
At the heart of Enrex’s environmental DeFi is the utility token $ENRX, which allows their B2B partners to:
- Launch sustainable and CO2 neutral ICO/IEO/IDO events
- Make transactions and mining CO2 neutral
- Offset their CO2 emissions directly by way of balancing them from one cryptocurrency for other cryptocurrencies and for real world use cases.
- Trade mandatory carbon offsets and renewable energy certificates directly with cryptocurrency.
For the Enrex community, their token facilitates:
- Tracking cryptocurrencies for sustainability
- Investing in the growing environmental market.