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Digital Energy Currency ($DEC) is utilized as a smart off-take agreement (SOTA), designed by PermianChain Technologies to enable P2P trading on a decentralized energy exchange for cryptocurrency miners to secure low-cost sustainable electricity from PermianChain’s energy pool.
Read morePowered by: IDOdarDigital Energy Currency ($DEC) is utilized as a smart off-take agreement (SOTA), designed by PermianChain Technologies to enable P2P trading on a decentralized energy exchange for cryptocurrency miners to secure low-cost sustainable electricity from PermianChain’s energy pool.
Feb 1, 2022 00:00:00
Mar 1, 2022 00:00:00
ICO Details
What is Digital Energy Currency?
Digital Energy Currency ($DEC) is utilized as a smart off-take agreement (SOTA), designed by PermianChain Technologies to enable P2P trading on a decentralized energy exchange for cryptocurrency miners to secure low-cost sustainable electricity from PermianChain’s energy pool.
$DEC holders carry a digital receipt that proves ownership rights to a certain volume of energy reserves (after being transferred and converted into units of power). The SOTA tokenization process transfers every kilowatt (kW) generated by the volume of energy reserves that is registered on the PermianChain platform into a digital ERC20 token, ensuring that $DEC holders can efficiently buy and sell energy for compute power on a dedicated digital platform.
Digital Energy Currency Unique Features
The $DEC is simple to use for the crypto miners that need the energy, and simple to implement for the energy companies that have energy resources to offer. $DEC offers two key benefits on the current situation:
It stops crypto activities competing with existing businesses and individuals for power, taking away the pressure on national grids. By removing the risk of blackouts, you reduce the risk of a government clampdown.
It also reduces that impact that both the crypto and the energy sectors would have on the environment. By improving the way that crypto-miners use energy, you enhance perceptions of the sector and potentially attract more liquidity.
Roadmap
Q1-2019
Completed PermianChain product technical architecture for all 4 foundation blocks (PermianChain Miner, PermianChain Supplier, PermianChain Investor and PermianChain Dealer) to support the digital energy market (utility and security).
Q3-2019
Completed the suite of PermianChain products (prototype), which include, PermianChain Supplier, PermianChain Investor, PermianChain Miner and PermianChain Dealer.
Q4-2019
Integrated an oil and gas blockchain framework (OGBiF) as a business model for energy companies that will use the PermianChain Supplier platform with DEC as the native currency.
Q1-2020
Technical Business Model related to digital energy securities submitted to the regulator’s Launchpad Team for feedback. Received feedback and adapted platform based on legal recommendations to comply with securities laws and regulations.
Q3-2020
Bitcoin mining pool aggregator and digital energy market integrated into PermianChain Miner product features to support adoption of DEC.
Q2-2021
Onboarded the first energy company and opened registration for other companies to register their energy reserves on the PermianChain Supplier to underpin the Digital Energy Currency (DEC).
Q3-2021
PermianChain works with third-party professionals to conduct due diligence of assets and wells registered on the platform before approval and pushing to PermianChain’s blockchain explorer.
Q3-2021
The first bitcoin energy company issues a natural asset security token (NAST) with its registered market dealer to capitalize and grow the OGBiF business-model, using PermianChain’s products as its technology infrastructure to support issuance of DEC against energy reserves.
Q1-2022
Launch of the digital energy market with DEC serving as our Smart Off-take Agreement (SOTA) enabling crypto investors and crypto miners to secure ongoing power capacity for crypto-mining farms.
Q2-2022
Tokenize over 6,000kWh of power capacity from previously stranded natural gas to increase DEC’s purchasing power on PermianChain Miner platform.
Q3-2022
Creating liquidity for DEC on various DEXs and allowing for staking of stablecoin to distribute energy credits to users of PermianChain Miner.
Q4-2022
Creating liquidity for DEC on various centralized and decentralized exchanges.
Q4-2022 onwards
Underpin 1kW for every DEC in circulation, with a goal to achieve a minimum of 100,000kW (100mW) of power capacity dedicated to bitcoin mining farms. All power to be generated from clean sustainable natural gas resources that would have otherwise been wasted or stranded. Current demand exceeds 500,000kW.
Q1-2023
Introduce tokenized carbon credits attached for every DEC utilized by PermianChain Miners to create an automated and streamlined carbon offset for bitcoin [and crypto] miners globally.
Onwards
Grow DEC into the global energy currency enabling a carbon-neutral crypto economy. Introduce the PermianChain metaverse to enable virtual environments for the energy sector to do business on the blockchain.
Digital Energy Currency Token Economy
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Detailed Token Metrics
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Token Distribution
Token Release Schedule
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Partners & Advisors
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Team Members
Investors
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