There is a growing shift in the global awareness of climate change, and consequently, various approaches are being made to help fight the dire consequences of our environmental pollution. While things will not be the same as before, the efforts go in trying to solve a situation that is caused by some of most fundamental human behaviors.
However, of all the environmental conservation efforts you have come across, blockchain technology helping fight climate change is an idea that would seem rather far-fetched. That is further from the truth and as we get to see next, tokenization could help us adopt a green lifestyle and reduce our carbon emission.
What Is NewEra Energy (NERA)?
NERA or New Era Energy is a blockchain-based platform that seeks to eliminate carbon emissions by promoting green living among individuals looking for alternative renewable energy sources and projects. The project intends to utilize the power of blockchain technology to create a credible system that acts as transparent record and global standard for the record-keeping and reporting of carbon emissions. As a never before seen solution, New Era Energy will further incorporate their own digital currency (NERA token) to facilitate access to capital for developers of renewable energy plants and projects.
How NERA Blockchain Carbon Grid Protocol Credits Works
The New Era Energy platform will have a global approach to tokenizing the process of carbon mission and waste-reduction by offering a seamless record of all data on the blockchain. The emissions data on the platform will are represented as Emission Reduction Units (ERU) which becomes the smart contracts for trading the NERA tokens. Additionally, the ERUs will be available for all willing participants promoting green energy.
For the NERA token, it acts to enable the platform to accurately measure, certify and authenticate clean energy initiatives deployed. The coin will go into incentivizing the reporting and surrendering of information on the rate of carbon emissions and to certify the data through the appropriate regulatory authorities
Can NERA Boost Climate Change Efforts?
With a majority of organizations and companies employing environmentally-friendly standards an idea such as NERA could prove the difference in making use of blockchain technology to finally achieve consensus to fight climate change. Consequently, this could have permanent implications on how the future of our planet plays out. However, for the meantime, NERA is offering the following benefits as a way to sensitize the need for environmental conservation
- Tokenizing green energy crowdfunding which New Era Energy hope will sensitize people to reduce their carbon emission footprint and get to earn for the decentralized token process.
- Liquidity of the ERUs units allows for exchange into the real value NERA tokens
- Participants on the platform can redeem the NERA tokens for a wide range of good and services within the conservation sector
- More donations for green projects as NERA tokens offers a secure and verifiable portal to invest in green projects and campaigns
NewEra Energy NERA Token ICO Details
Unfortunately, the NERA token ICO took place from 15TH January until 26th February 2018 with the tokens ticked as NERA. The price was set at $0.12 per NERA token, with the supply standing at 150 million tokens. However, the roadmap layout is available for more information on the future of NERA.
- Minimum amount- $120
- Exchange type ERC20
- Hard Cap-1 billion tokens