Rowan Energy: Revolutionizing Renewable Energy Trading with RWN Coin
RWN, or Rowan Coin, is part of the Rowan Blockchain, which is designed to address the inefficiencies and inaccuracies in the energy market as well as fostering the mass adoption of solar energy . Using blockchain technology Rowan introduced the “Solar Cash-back” scheme that rewards users £0.10 per kWh for the renewable energy they produce. Schemes like this are incentivising users for their decentralised energy production and therefore encouraging a more decentralised energy market. Rowan Blockchain will offer a solution allowing users to sell their energy peer-to-peer with other consumers, which results in reduced energy costs by up to 20%. This system coupled with rewards increases the income for solar prosumers by up to 70%. By using blockchain we ensure our energy data is of the highest quality it can be, completely immutable and with built-in trust. The Rowan Blockchain operates on a proof-of-generation model that is low-powered and low-carbon, making it an environmentally friendly option for validating transactions. This approach not only supports the trading of renewable energy but also enables the generation of tokenized carbon certificates. Our blockchain facilitates the trading of these certificates quickly and easily in a decentralized manner. In summary, RWN and the Rowan Energy Blockchain aim to drive decentralised energy adoption in the UK, solve serious issues in the carbon sector, and enable the trading of energy in a P2P decentralised manner.
Token Overview :
Token name: Rowan Coin
Token symbol: $RWN
Total issue supply: 545,000,000
Total circulation supply: 195,000,000
Coinstore Listing
Trading pair: RWN / USDT
Trade time: 2023/11/02 17:00（UTC+8）
Withdrawal time: 2023/11/02 17:00（UTC+8）
What are the utilities of RWN?
The utilities of the Rowan Coin (RWN) within the Rowan Blockchain ecosystem are as follows:
1. Rowan Rewards Program: Users can participate in the network by using custom-made low-powered hardware called a SmartMiner that acts as an MiD smart-metre and blockchain validator all in one. Users earn coins for generating solar energy and validate transactions at the same time. This program encourages mass adoption of our hardware and encourages solar adoption.
2. Transaction Fees: All transactions on the Rowan Blockchain require RWN coins to pay for transaction fees. This utility ensures that the token is integral to the functioning of the blockchain, driving demand and value for RWN. Every single product Rowan Energy releases will require RWN.
3. Energy Trading: Rowan charges a transaction fee for trading renewable energy, which will be conducted over a decentralised exchange. Each trade of energy increases the demand for RWN coins and potentially its price, as the coin is used within these transactions.
4. Investment and Trading: Investors can buy Rowan Coins initially through the internal platform and Probit exchange, and soon through further public exchanges. This provides liquidity and investment opportunities for coin holders.
5. Renewable Energy Certificate Trading: The platform facilitates the trading of renewable energy certificates, which are likely to increase to 18 million transactions per day within 5 years.
The Rowan Blockchain is designed as a Proof of Generation (PoG) blockchain, which currently runs at 1 block per second with a fraction of the carbon footprint compared to traditional Proof of Work (PoW) blockchains. This makes RWN a utility coin with a focus on renewable energy trading and incentivizing sustainable energy production.
What does the project ecosystem include?
The Rowan Blockchain project ecosystem includes several key components that work together to create a comprehensive solution for green energy rewards and trading:
1. Rowan Rewards Program: A system that allows users to get rewarded in fiat by using custom-made low-powered hardware to validate transactions and track energy generation.
2. Energy Trading: A platform for trading renewable energy, with transactions requiring RWN coins and thus increasing the token’s demand.
3. Investment and Trading: The ability for investors to buy RWN coins through the internal platform and Probit exchange, providing liquidity and investment opportunities.
4. Renewable Energy Certificate Trading: The trading of renewable energy certificates, expected to significantly increase in volume, which will contribute to the profitability of the platform.
5. Proof of Generation Blockchain: A low-powered and low-carbon blockchain that supports 1 block per second, suitable for the platform’s energy trading and certificate system.
6. Token Economy: A set number of RWN coins are distributed to private capital investors under “OTC only” terms. The rest are utilised within the ecosystem for various transactions and will be essential to our products.
7. Market Analysis and SWOT: The ecosystem includes a thorough market analysis and SWOT (Strengths, Weaknesses, Opportunities, Threats) to guide strategic decisions and growth.
8. Roadmap: A detailed roadmap outlining past milestones and future goals, including research and development, soft launch, legal compliance, partnerships, and platform launches.
9. Team and Advisors: A team of experienced professionals and advisors in business, blockchain, and energy sectors, guiding the project’s development and execution.
This ecosystem is designed to address the challenges of mass adoption of renewables and to facilitate a more economical and efficient energy and carbon trading system.
