The market has been boomed with the green energy projects within the last few years. People are more concerned about the climate than ever before. While many great projects are waiting for funds, the GPX or Green Power Exchange is offering a great opportunity of investing in the green renewable projects. It is a P2P renewable energy trading ecosystem that provides every participant a chance of being a part of efficient and transparent energy trading. Integrated with the Internet of Things, the GPX offers a user-friendly interface to invest in the most profitable projects.
No more sluggish approach:
The traditional platforms offer quite a slow methodology to invest in the renewable energy projects. It should be improved and that’s what the GPX is doing. This platform terminates frustrating legal structures, removes all the intermediaries, and helps you in trading by avoiding black box exchange. This platform is going to connect the consumers directly with the producers so that they can deal directly without paying extra. Thus, both parties will save money and enjoy more cost-efficient trading. It is an ecosystem that is promoting the sale of future energy projects. So, it would be quite easier for the project owners to sell the power and provide the solutions on a promised date.
Implemented the Blockchain technology to make it a better trading platform:
Everyone knows how efficient and beneficial the Blockchain technology is. This technology is being implemented in all the sectors. The GPX is also using this technology to offer a better trading opportunity by using smart contracts and tokenization of energy trading. It is aimed to improve the way people buy electricity across the world. It is introducing a two level token model, the GPX token and the Green Energy Transfer token.
The benefits of GET and GPX tokens:
The Green Energy Transfer token is beneficial because it is supported by real power purchasing agreements. So, this token is representing real electricity. This platform assures the delivery of electricity on the contracted price by using the smart contracts. It helps you in lowering the cost and establishing the trust between you and service seekers. Important accounting functions get automated after implementing the smart contracts and that causes less management liabilities and reduced costs.
The GPX token essentially works as an asset. It is used to transfer the value from the producer to the consumer. It is a ticket to early power auctions, so you can save a lot of money by using this token to participate in power auctions. Due to the liquidity of this token, you can use it on any chosen power purchase agreement on the GPX platform.
The Green Power Exchange is designed to eliminate intermediaries and encourage forward trading of energy. You get a user-friendly platform to participate in auctions and trade online. There are no restrictions over making an investment and therefore the GPX is a promising solution. You should acquire the GPX tokens as soon as you can so that you can participate in trading and hold the tokens to gain more profit.