GENERcoin

Examples of GENERcoin's (GEC) sustainable initiatives include:

Environmental sustainability

  • Arterran's NextGEN Solid Biofuel from abundant, sustainable, non food sources will compete, and is a direct replacement for, thermal coal used for the production of electricity. This is an example of the renewable energy generating facilities backing GENERcoin, who provides the mechanism to assist in this transition to greater use of sustainable power
  • each GENERcoin is a claim (or receipt) for the energy backing each coin and may be redeemed for the energy backing it, and
  • each coin will be sold at a discount to the present day value of btu energy backing it. 

Governing sustainability

  • the value of btu energy is derived from the amount of electrical energy it produces, and
  • it can be traded and exchanged as with any other cryptocurrency.

Find out more about Genercoin here.

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