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EnLedger

Blockchain Interoperability & Data Portal

Distributed Ledgers provide a cutting-edge solution for data storage and access. Blockchain Apps are set to revolutionize the "internet of money".

1.8
1 0 expert ratings
Benchy 1.8
Experts
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~$420
value of tokens sold in ICO
Ended
Token
EECoin
Country
USA
ICO start
1st Aug 2017
ICO end
31st Aug 2017
More on ICO
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About EnLedger

Energy Efficiency Coin (EECoin) is a blockchain asset class designed to have a positive ecological impact, and to track a weighted aggregate of real-world renewable energy markets, offering token-holders the opportunity to vote on which renewable asset markets will be included in the weighted average price. Energy Efficiency Coin is a pegged asset where the price is linked to a weighted super-index of constituent green stock and bond indices, where maintaining the price index peg becomes the incentivized trading strategy and revenue stream for the token equity holding company, ensuring future funding for capital management and technical platform development.

By utilizing energy-efficient Proof-of-Stake consensus protocols and devoting the equity to purchasing green financial instruments, usage and funding of Energy Efficiency Coin promotes the creation of renewable versus non-renewable energy, as opposed to blockchain token systems which utilize Proof-of-Work protocols, where higher utilization and coin market prices mean more incentive for “miners” to burn electricity to gain the tokens. The for-profit structure of the equity-holding company allows Energy Efficiency Coin long-term fiscal solvency, avoiding an initial token-sale and then burn-down of funds for development followed by reliance on volunteer developers that characterizes non-profit tokenization efforts.

Energy Efficiency Coin utilizes blockchain industry-standard design protocols for Byzantine Fault Tolerant Delegated Proof-of-Stake consensus based on Merkle-Tree data-storage for transaction and token data, and Tendermint Application Blockchain Interface for “smart-contract” functionality such as state-machine memory storage and state transitions, including an internal voting mechanism whereby token-holders are granted a periodic vote based on proportional holdings in the total number of outstanding issued tokens.

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