Short description
Energi Tokens (ETK) are issued by Energi Mine and we will be launching our token sale on the 17th November 2017. ETK will be earned by energy saving behaviour such as taking public transport, or buying energy efficient appliances. They could also be used to pay for your energy bills with your energy supplier and used to trade on our P2P exchange.
Abstract
Energi Mine aims to decentralize the $2 trillion global electricity markets which are naturally closed and controlled by a handful of large players. Energy companies are currently incentivised to sell more energy and at the highest possible price.The market for power (electricity) generation is naturally becoming decentralised, in that more and more individuals and businesses are generating their own energy through renewables. However, they are still selling this energy back to the big energy companies.Energi Mine is creating a platform that matches customers with smaller generators, as well as creating a global eco-system whereby users are rewarded with tokens (Energi Tokens – ETK) for energy-efficient behaviour.We believe that when it comes to energy, reward mechanisms must have a financial benefit to the user before behavioural change occurs. Therefore, we believe that the tokenisation of the market will be the only real driver to create a more energy-efficient system.For example, if a commuter is encouraged to use public transport by the Local City Authority, they could be rewarded by being given ETK. ETK then has a cash value, but could also be used to pay directly for the commuter’s domestic energy bill, or charge their EV.Our goals are to reduce energy consumption globally, and create a token-based platform, which provides financial incentives to reward energy saving behaviour.