Here is how we at Energi Mine plan to do this.
As the world is grappling with the problem of ever-growing energy demands, governments are struggling to find solutions to the problem of increasing carbon footprints and out-of-control pollution. Yet rather than experimenting with new innovative solutions, it appears that governments around the world have been content to opt for more punitive measures.
Punishment versus reward
When confronted with this issue, the usual approach is to punish consumers and to discourage waste through taxation and levies, or to regulate systems through a central controlling agency that enforces rules in an attempt — often futile — to reduce waste. While this approach may, when effective, successfully dissuade wasteful behaviour to some extent, it does not encourage positive behaviour.
EnergiToken (ETK) seeks to change this.
By rewarding energy consumers who conserve energy through their choices, Energi Token takes advantage of the profit-motive to change behaviour in a positive way. Instead of controlling energy consumption and punishing wasteful behaviour, Energi Token creates a free market, decentralised method of altering behaviour through economic incentives.
How exactly would this work?
Decentralising energy trading
EnergiTokens will be issued to consumers and businesses as a reward for reducing energy consumption; tokens which will have monetary value and be tradeable on the free market and between other energy consumers. Additionally, consumers who generate energy will be able to sell their surplus energy (in the form of ETK) directly to other consumers who would then purchase energy via EnergiTokens, rather than purchasing through a third-party energy provider. Thus in effect, this peer-to-peer framework will decentralise the trading of energy and incentivises both conservation and renewable energy production at the consumer level.
What’s more, because the token has financial value and can be sold on the free market or exchange, it creates a ‘profit’ motivation for consumers to conserve energy. So rather than punishing consumers or attempting to teach “good behaviour”, people are naturally enticed to save energy due to the financial reward. It’s a wholly different and unique approach to the problem of excessive energy consumption.
Disrupting the global energy market
EnergiToken will disrupt the global energy market. The current model is complacent due to a lack of competition and monolithic energy corporations which seek to maximize profit. They are intrinsically motivated to sell as much energy as possible, rather than conserve it. EnergiToken will alternatively harness the profit-motive to change wasteful behaviour, resulting in less pollution. Instead of an expensive bureaucratic system enforcing punitive taxes and levies, the free market and decentralised trade will transform the world’s energy markets.
It may sound cliché, but this really is JUST the beginning for EnergiToken.
Not only will the token be rewarded for wise power consumption and renewable energy production in homes and businesses, it will be used to reward all kinds of energy-efficient behaviour. Urban agencies can reward low-carbon transport commuters with ETK to reduce automotive congestion and pollution. Consumers could also be rewarded with ETK simply by purchasing energy-efficient appliances. The possibilities are simply endless!
So come and join the EnergiToken movement where you can help change how the world consumes and conserves power whilst being rewarded for your efforts.
Rafael Dunn
Community Manager
Energi Mine
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