Introduction :
In addition to being a beautiful piece of art, they actually function as renewable energy credits. Each NFT represents 1,000 kWh of renewable energy. When you buy a REX NFT you are directly funding the generation of green renewable energy that will be used in our electric grid. We are disrupting the six billion dollar renewable energy credit industry.
Renewable energy credits, or RECs have up until now been one-off contracts issued by green generators and sold to multinationals and fossil generators who want to improve their green credentials. This is done on a compliance or voluntary basis, but it requires many complex contracts and processes. With our REX NFT, RECs are being tokenized, and that signals the start of a new era of certification. In commercial terms, tokenizing is perfect for RECs because it not only simplifies the process but also prevents the current possibility of double counting or even fraud. Furthermore, it spawns a more vibrant and creative marketplace around RECs. The kind of environment that could see sophisticated trading and management of green energy, which would disrupt a six billion dollar industry. In a secondary REC market we might see the ability to connect with smart contracts and improved market depth and transparency. It’s also likely that more specific forms of RECs will emerge, which relate to the time and place of the creation of green energy. All of this helps the REC market avoid dysfunctions. The biggest value proposition for tokenizing RECs is integrity. Certificates that are minted by a smart contract on the back of the smart meter feed are inextricably linked to the generation. Once sold by the generator or acquitted against RE100 targets or RPS obligations, the same REC cannot be sold again or used twice against a different set of sustainability obligations. Bitcoin solved the double counting problem for digital money. REX NFT solves it for the renewable energy industry. JPEG art may have revealed the gimmick side of NFTs, but REX NFTs benefit to the planet is very real. We are opening up a consumer market for renewable energy credits and lowering the barriers to entry. Now individuals can get involved for as little as $250. We are also launching an exclusive online REX club and metaverse for all holders, as well as token that will be used in the REX NFT ecosystem. It will be airdropped to all REX NFT holders on a weekly basis. 2,500 REX Coins per REX NFT owned will be sent to all REX NFT owners each week.
REX NFT - Renewable Energy Credit NFTs :
The only renewable energy credit NFTs. We have tokenized renewable energy credits. REX NFTs are genuine renewable energy credits. Each REX NFT represents 1,000 kWh of renewable energy. When you buy a REX NFT you are directly funding the generation of green renewable energy that will be used in our electric grid. We airdrop our token, REXCoin, to each REX NFT holder on a weekly basis. Holders will receive a weekly airdrop of 2,500 REXCoins per REX NFT owned. The REXCoins will be distributed to the polygon wallet that holds the REX NFT. We will be minting a total of 1,000 NFTs. We are adding to the collection each day until we hit 1,000.
About ReX Coin
The REX NFT team is about to launch a token called REXcoin on Polygon Network soon, that will be used in the REX NFT ecosystem. It will be airdropped to all REX NFT holders on a weekly basis. 2,500 REXCoins per REX NFT owned will be disbursed to all holders each week. This is more reason to buy a REX NFT. The team are in the process of launching REX Coin as well as staking/farming for that token and the NFTs. This should all be done within a few weeks from now (at the time of this writing).
Renewable energy and the token economy :
Which brings us to the latest in tokenizations. Renewable energy credits, or RECs have up until now been one-off contracts issued by green generators and sold to multinationals and fossil generators who want to improve their green credentials.
This is done on a compliance or voluntary basis, but it requires many complex contracts and processes.
Only very recently, RECs are being tokenized, and that signals the start of a new era of certification.
REX NFT is leading the way. Each REX NFT represents 1,000 kWh of renewable energy. When you buy a REX NFT, you are directly funding the generation of renewable energy that will be used in our electric grid.
In commercial terms tokenizing is perfect for RECs because it not only simplifies the process but also prevents the current possibility of double counting or even fraud. Furthermore, it spawns a more vibrant and creative marketplace around RECs, the kind of environment that could see sophisticated trading and management of green energy.
In a secondary REC market we might see the ability to connect with smart contracts and improved market depth and transparency. It’s also likely that more specific forms of RECs will emerge, which relate to the time and place of the creation of green energy. All of this helps the REC market avoid dysfunctions.
The REX NFT team is also launching a token on Polygon, REXCoin, that will be used in the REX NFT ecosystem. It will be airdropped to all REX NFT holders on a weekly basis. 2,500 REXCoins per REX NFT owned will be sent to all holders each week. All the more reason to buy a REX NFT.
Renewable Entergy Certificates (RECs), have up until now, been one-off contracts issued by green generators and sold to multinationals and fossil generators who want to improve their green credentials. This is done on a compliance or voluntary basis, but it requires many complex contracts and processes.
With our REX NFT, RECs are being tokenized, and that signals the start of a new era of certification. In commercial terms, tokenizing is perfect for RECs because it not only simplifies the process but also prevents the current possibility of double counting or even fraud.
We have already made lots of progress. Our NFTs are fully backed by the leading REC supplier TerraPass. Our NFT collection has launched on the Polygon Network. We have even partnered with a top DAO called KlimaDAO to offset our carbon emissions from minting. We are in the process of launching our REX Coin as well as staking/farming for that token and our NFTs. This should all be done within a few weeks from now (at time of this writing). We are in the process of creating REX Club. It will be an exclusive online club and metaverse for all REX NFT holders.
Others inforation :
Website : https://www.rexcreditnft.io/
Twiter : https://twitter.com/REXCreditNFT?t=tM6eBIIhrWBvagM2YnCJhA&s=09
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