Crypto Pacitan : Digital currency model TerraGreen

Digital currency model TerraGreen

Energy as a digital currency

Energy-related financing can be divided into two areas: attitudes towards energy and attitudes towards money. Energy-related money can either be created by depositing money with reference to a particular type of energy, or physically provided with energy. In the latter case, the currency will be redeemed against its support or is not repayable.

In order for the economy to work for the planet and, therefore, would meet the long-term interests of mankind, we need to change the way money works. We need an inverse relationship between nature and the economy. A relatively new approach to the mechanism for stimulating energy trade is the idea of using energy as a currency. A number of energy-related currencies have been proposed to reduce CO2 emissions, such as Ergo and Carbon Coin; to supply renewable energy, namely solar coin; and for an energy related product, such as Genercoin. Although these proposals address environmental issues, the wide distribution of energy production from renewable energy technologies is ignored.

By focusing on these types of energy, TerraGreen’s digital currency will be developed and distributed across global and proprietary trading platforms and the international financial system. At the global level, the Terra Green coin allows anyone to invest in the energy sector, buying currency and thereby increasing its value in the market. In the long run, industries can even offer discounts on environmentally friendly products and services purchased with TerraGreen coins, and thereby stimulate the economy of renewable energy.

The advantages of using TerraGreen coins are:

Blockchain-decentralized financial system

High degree of confidentiality and trust

Green energy value

Directly dependent on the enormous waste produced by industry and people.

TerraGreen Coin Model

The renewable energy coin of the TerraGreen blockchain platform will contribute to the development and promotion of the creation of renewable energy production facilities around the world. This is done by issuing an energy coin, raising capital for renewable energy producers. Consequently, these energy coins must represent the amount of green energy that the manufacturer has undertaken to produce and supply to end users through a network or distribution network. Thus, renewable energy producers can trade around the world, both with users and investors, selling energy, and this, in turn, provides liquidity and access to capital for installing renewable energy sources.

The value of the TerraGreen coin is supported by renewable energy generating assets and standardized smart contracts.

A smart contract is a contract between two parties, one of which generates products from renewable energy sources for the purposes of sale (the seller), and the other buys and receives these products (the buyer). The smart contract defines all commercial terms for the sale of renewable energy products between the two parties, including when the project starts commercial operation, delivery schedule, penalties for non-delivery, payment terms and termination. The intellectual contract is the main agreement that determines the income and credit quality of renewable energy sources and, thus, is a key instrument for financing the project.

The main goal of TerraGreen Coin is to combine the benefits of today's most prominent interests around the world: the production of renewable biomass waste in the world, renewable energy sources and digital currencies. Renewable energy sources and digital currencies are expanding through creative innovations, and therefore TerraGreen inventors should stimulate the creation of a digital currency, TerraGreen, which will be directly related to assets in the field of renewable energy sources and biomass waste. Thus, the TerraGreen platform is associated with the process of biomass waste collection, renewable energy plants, energy networks and the sales market for end users. With the integration of TerraGreen, Bigdata and Internet of Things (IOT) applications with the decentralized TerraGreen application, the entire process of exchanging energy as a base layer in the digital energy world becomes transparent, and the TerraGreen coin will globalize the renewable energy from waste. TerraGreen platform should contain data on generated, exported renewable energy, the price of energy sold to the local grid, and transparent management of the biomass waste supply chain. When a renewable energy producer is connected to the TerraGreen platform, its future generations of renewable energy are converted into digital currency based on a Joule energy unit. The cost of one TerraGreen coin is 10 MJ, which will be produced and put into the network and onto the market at a certain time in the future. Thus, any renewable energy producer can attract some of the capital needed to finance a renewable energy project by selling a part of Joule that will be produced in the future on the Terra Green network, in the form of an energy currency. This currency of energy can be bought by an investor or buyer, and it is supported by green energy assets and standardized smart contracts.

Each energy coin is based on a smart contract that has the following data:

type of renewable energy

biomass waste type

date of commercial exploitation of renewable energy sources

equivalent mj and price

TerraGreen, in addition to helping to solve the current global problem of biomass waste through innovative renewable energy technologies and financing of renewable energy projects, has the opportunity to become a leading digital energy platform based on the principle of waste into energy, carbon neutrality and industry decentralization. By combining blockchain technology, decentralization applications, IOT and BigData, smart contract, biomass supply chain, modern technology and machine learning, TerraGreen platform will be ready to become a virtual clean energy company, fully self-managed and decentralized. This will provide an opportunity for projects to process waste into renewable energy sources to develop with a higher degree of success, which will have a significant positive impact on climate change and environmental pollution caused by waste generated by human activity.

TERRAGREEN APPLICATION

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Decentralized Application TerraGreen is an independent user platform that allows users to exclusive and complete platforms in various campaigns. Decentralized applications must be built on the SHA384 ALGORITHM blockchain. TGN-APP is a combination of user-friendly and implement transactions that work based on separate rules, guidelines and models that can be predicted 100% with certain competition and coordination.

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OUR COINS

TerraGreen Coin is an ecosystem-based community and cryptocurrency launched and blockchain-based that is funded by renewable clean energy units.