ETT (Energy Tracking)
The Energy Tracking Token (ETT) is a fundamental asset within the Edma Network, designed to represent real-world renewable energy production and enable seamless tracking, trading, and conversion into energy-related assets.
ETT Utility & Functions
1. Renewable Energy Representation
Renewable energy producers mint 1 ETT per 10 kWh of verified energy production.
ETT serves as a digital proof of clean energy generation, ensuring transparency in renewable energy markets.
Each ETT comes with metadata that records the following information:
when was the energy produced
what quantity of energy was produced
where was the energy produced
what renewable energy source was used.
2. Conversion & Compliance
ETT can be converted into NFT-based certificates, such as:
Carbon Credits
Renewable Energy Certificates (RECs)
Certificates of Origin
It is tradeable on compliance markets for companies and institutions to meet ESG regulations and sustainability commitments.
3. Marketplace Integration
ETT is not directly convertible into CLE but can be sold on decentralized markets.
Corporations and individuals can buy ETT to verify and offset their carbon footprint.
Enables institutional adoption by providing verifiable renewable energy credentials.
Total Supply & Minting Process
ETT follows a dynamic supply model, where tokens are minted based on real-time energy production.
Energy Producers
1 ETT per 10 kWh of clean energy
Minted and allocated to producers for verification
Compliance Markets
Carbon credit and ESG markets
ETT can be converted into certified energy assets
Investors & Traders
Marketplace trading
ETT can be traded for EDUSD or held for ESG purposes
Burning Mechanisms
To maintain economic balance and sustainability, ETT integrates burning mechanisms:
1. Conversion-Based Burns
When ETT is converted into RECs or carbon credits, it is permanently burned.
2. Compliance-Based Reductions
Large-scale sustainability projects may lock and retire ETT instead of converting them into NFTs, reducing circulating supply.
3. Marketplace Fee Burns
For every ETT conversion, 2% of the transaction value is being charged in $EDM. A portion of transaction fees is burned, ensuring $EDM goal to reach 100M supply .
Final Supply Control
ETT remains dynamically minted based on energy production but is continuously reduced through burning and conversions, ensuring long-term value and sustainability.
The ETT tokenomics model is designed to create trust, transparency, and efficiency in renewable energy markets, bridging blockchain technology with sustainability initiatives.
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