SupraOracles is excited to partner with Enrex, a socially responsible DeFi protocol offering carbon allowances and renewable energy certificates. The Enrex ecosystem presents an innovative model that holds DeFi projects accountable for their energy consumption and carbon emissions. Projects using Enrex would receive a certificate confirming their commitment to green energy and the preservation of our environment. Similar to the environmental credits model used in legacy industries, projects can trade on carbon allowances in a strategy called “offsetting”. Offsetting on Enrex is done easily and intuitively using the $ENREX token. Among Enrex’s esteemed partnerships include the Green Tech Alliance and Crypto Climate Accord.
SupraOracles is dedicated to understanding our own environmental footprint. The Enrex team will be assisting our effects to recognize and evaluate our technology’s energy consumption. Our Supra team will thoroughly investigate the possibility of running our servers exclusively on green energy sources. We will also provide green energy source information packets to potential node operators who are mindful of their carbon footprint.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We want to make the world a better place. As simple as that sounds, there are many layers of complexity to that goal. As we redefine intricate financial systems for better inclusion and efficiency with our technology, we also want to understand the externalities that are created with our innovations. Working with the Enrex team streamlines this process for us so that we can focus on staying at the cutting edge of innovation while remaining confident that we are also mindful of climate impacts.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
DeFi gateway to multi-billion dollar carbon allowances and renewable energy certificates. Now, for more specific problems that Enrex are searching and delivering the answers for, Enrex summarises its accepted bullet points:
- Provide a venue to offset via the CO2 allowances or transitioning your energy to a renewable directly by using cryptocurrency technology;
- Enable a platform to launch ICOs, IEOs and IDOs which are CO2 neutral;
- Make cryptocurrency transactions and mining CO2 neutral;
- Find a way for sustainable companies and institutions to operate cryptocurrencies without environmental impact (accepting/trading/investing);
- Ability to buy and invest in CO2 allowances and renewable energy certificates with cryptocurrency — Enrex’s very own token