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Introducing GreenCoin


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Introducing GreenCoin


The GreenCoin ecosystem is a renewable production incentive system. GreenCoins are generated by renewable energy producers. GreenCoins represent carbon savings which are awarded to and owned by individuals. This short introductory movie helps describe the ecosystem:

 

The GreenCoin incentive system works because it is inexpensive to operate and does not require government intervention or international government cooperation to operate. The ecosystem maximizes efficiency by allowing individuals to control the ownership and distribution of carbon emission offset credits. The value of the ecosystem is set by free, open-market operations.

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How does it work?


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How does it work?


GreenCoin is simple to use. It works by incenting the hard work performed by renewable producers. For example, a person who currently owns a PV solar system on their home would is eligible to receive GreenCoins for free.

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Renewable Owners

Renewable asset owners, such as PV solar array owners, do useful work toward mitigating climate change that currently has no additional incentive or reward. More specifically, they create electrical energy at a reduced carbon output when compared to the average amount of carbon released by the global electrical production effort. This creates a carbon offset for which a benefit is constructed.

 

Report Green Energy

The asset owner reports their production daily to the GreenCoin Foundation. The information is processed to calculate the amount of carbon savings the owner has produced.

Receive Benefit

The Foundation distributes GreenCoins directly to all of the asset owners reporting for that day in relative proportion to their carbon saving efforts. 

 

Once the owners hold the GreenCoins, they free to do with them as they wish.  The GreenCoin ecosystem allows renewable producers of all sizes to participate and does not require any government agency in order to operate. Participation in the ecosystem is 100% voluntary, and is always completely free. The services of the GreenCoin Foundation are complimentary.

Built on Blockchain Technology

GreenCoin is an incentive crediting mechanism based on open-source blockchain technology. These technologies are an emerging set of secure software protocols that are revolutionizing business and commerce worldwide. This enables an ecosystem that is highly-scalable, inexpensive, secure, and that is open to all.  

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How to Join


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How to Join


Joining GreenCoin is easy. We are registering new members that currently own the any of the following renewable production assets: 

  • A PV Solar electrical generation system that is tied directly to the grid, and has a registered meter
  • An onshore wind electrical generation system that is grid-tied and has a registered meter.
  • On a case by case basis we are also accepting non-gird tied electrical generation systems and small, home biofuel production projects.

If you already own or participate in one of these systems, simply go to the sign-up page and register. In addition to your name and address, you will need the following documentation (don't worry, we will guide you through in the registration process):

  • A document showing the registration of your renewable production system (with meter number)
  • Identification. If the address on the ID does not match the registration document a utility bill will also be required.
  • We encourage you to upload a few pictures of your renewable system for fun and being able to share with other community members.
  • A GreenCoin payment address. This is the exact location we send your GreenCoin digital assets to. Don't worry, we will walk you through this process!
  • If you are a member of a community solar project we will need verification of your ownership percent directly from the project administrator.