Rowan Energy Blockchain Marches Ahead with Listing of its RWN Token
Rowan Energy Blockchain achieves another significant milestone. RWN token, the ERC-20 token developed on the Rowan Energy POA, a side-chain of Ethereum, is all prepared to make its entrance on LATOKEN and VinDAX platforms. The leading digital assets trading platforms will start RWN tokens on 1 July 2020. They tokenize REC, REGOS, and carbon credits, enabling green energy prosumers to build a self-sustainable community by sharing energy and earning money along the way.
Rowan Energy is the world’s first initiative towards building a blockchain-run platform for the decentralized distribution of green energy. All transactions on the Rowan Energy platform are conducted in RWN tokens. The unique PoA (Proof of Authority) blockchain facilitates hundreds of transactions in a second. This way, the platform remains true to its mission to decrease the carbon footprint in more than just one way.
There are 45 million RWN tokens in total, out of which 11 million tokens are issued during the IEO to generate capital for the company’s future growth. The platform depends on fees charged on transactions and certificates. In 5 years, this will extend to 18 million transactions per day. Rowan Energy is projected to breakeven in 3 years. The tokenized reward system offered by Rowan Energy will boost engagement on the platform, demand for the tokens, and, consequently, the tokens’ value.
Why Rowan Energy Blockchain?
It is expected that energy certificates enhance the revenue for solar owners by more than 70%. Today, customers earn little to no profit with rooftop panels by turning to solar energy. If anything, authorities have made it a cumbersome job to obtain energy certificates with stringent rules and regulations. By guaranteeing reward to all parties included in the business, Rowan Energy makes heads turn towards conventional energy resources. It offers an ecosystem where you can exchange your surplus power to someone in need of a fair amount of money in RWN tokens. You can count on them for your energy requirements too.
Retrader, the peer-to-peer energy trading platform, will examine the supply to demand ratio in the market quite directly. The smart meter readings will promote sales on a virtual market supported by a crypto exchange based on location. Although this is not the only way, you can make money by Rowan Energy. You can earn passive income with the low powered hardware token validators, Rowan Miners, installed at your home. They will confirm the authenticity of transactions made on the platform.
Tracking the source and route of green energy resources is another dilemma most face. Rowan Energy dashboard is always updated with real-time data about who your energy is being supplied to, how much energy you have spent, where your energy is originating from, and more. You can also keep track of the amount of RWN tokens in your wallet and your expenditure. You see a bird’s eye view of your solar energy supply and distribution from this full-fledged dashboard, providing you full control over your consumption.