Project Name: Cn3xyz
Project Track: DeFi
Team Name: Cn3team
Team Member(s): @cn3xyz
HackerEarth Project Link:
https://devpost.com/software/cn3xyz
Project Goal:
Our goal is to enhance transparency and efficiency within the «Renewable Energy Certificate» market by creating an efficient and transparent platform on the Tron blockchain.
Project Value:
Renewable energy certificate represent ownership of non-power aspects of renewable electricity generation. However, their current complexities in pricing and trading exacerbate financing challenges in the capital-intensive energy sector.
Our platform aims to address these issues by providing transparency and efficiency in the REC market.
Project Info:
Our platform is built on the Tron blockchain, primarily utilizing an NFT contract (TRC-1155) and reference pools for fractional ownership, as well as CN tokens (TRC-20) to represent energy attributes with a 1MWh nominal value.
Project Website:
Website: https://cn3.xyz/
Docs: Challenge | C N 3 X Y Z
Project Test Instructions:
Visit our website and connect your TronLink wallet.
In TronLink, select the Nile Testnet network.
Go to the Bridge page and create your NFT. Choose how the energy was produced, as this will be important later.
Now go to the Pools page and select a pool depending on the method of production of your certificate.
Click the Deposit button and select the NFT. After the deposit, you will receive CNW or CNS tokens corresponding to the energy you produced.
You can also withdraw any NFT from the pool and redeem it later on the Retire page.
Project Details:
Users create NFT tokens representing their certificates, which are then transferred to pools using fungible tokens for fractional ownership.
These tokens, referred to as ‘CNs,’ can be utilized in any web3 application that supports the asset standard.
Through the energy token NFT, users receive pool tokens that can be sold for stablecoins on any decentralized exchange.
On the other hand, companies interested in purchasing certificates can deposit the acquired CNs tokens and receive the corresponding NFT, which represents the renewable energy certificate.
By claiming these certificates, users apply these attributes to the energy they have consumed.
Demo:
Smart Contract links:
Main contract: TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Token contract: TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Pool contract: TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
Project Milestones:
Interface development and smart contract creation. (Completed)
Audit of smart contracts and community launch. (Planned for May)
Launch of tokens for the first two pools. (Planned for June)
Mainnet launch of the project. (Planned for June)