Envion EVN

$0.0431
Market Cap $ 4.801 MM (#346)
24h Volume $ 5.318 K
Chg. 24h: -8.76%
Algo. score 3.2/5  (#462)
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Envion project purpose and description

Envion clarity of purpose

Envion purpose and aspects

Envion offers mobile mining units whiich use renewable energy to mine cryptocurrency and pay out dividends to token holders.

Envion additional differentiation against competition

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Envion categories

Mining

Short description

Envion builds fully automatized mobile mining units inside standardized intermodal shipping containers that can be shipped to any location in the world within days or weeks. Envion mining units use low-priced green energy directly at the source — near the shore, in the desert or in other remote locations. The EVN token is an ERC-20 Ethereum-based token that grants their holders the right to receive 100% of the earnings from Envion's proprietary mining operation, 35% of Envion’s earnings with third-party operations and voting rights.

Abstract

When cryptomining was still in its infancy, it was well distributed among a couple of thousand private miners, governed by transparent rules and not harmful to the climate because its energy requirements were microscopic. All that has changed: the exponential growth of cryptocurrencies has led to a dramatic increase in the sector’s energy consumption and a concentration of mining activities in countries with low social and environmental standards - where electricity is produced using predominantly fossil fuels. Even worse, the concentration of mining power in the hands of a couple of large corporations is distorting the formerly democratic decision-making process in these networks: changes in protocols and hard forks are in danger of being influenced by the economic interests of a few. Envion has developed a system of Mobile Mining Units (MMUs) that can tap electricity directly at the source: at hydro, solar, wind and fossil power plants in every corner of the planet. Our MMUs are based on standard intermodal (sea) containers, equipped with mining hardware, communication and industry 4.0 automation features, remote control capabilities and a break-through cooling system that only makes up ~1% of the system‘s total energy consumption. Altogether it’s a high-tech solution that can be seamlessly deployed globally and allows us to use the cleanest and cheapest energy mix wherever it is available.

Link to Roadmap: https://www.envion.org/en/team/
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