Menu
Promoting long term structural economic growth and technological development, the ECN aims to leave the current currency systems obsolete, helping outline the path towards a future up to date with the needs present in our era by substituting the basis of money to natural resources, technology and innovation.
The Energy Credit Standard (ECS) is the first energy backed global currency. The ECS aims to provide a more effective alternative to current currency alternatives and inefficient monetary policies in the format of a 3.0 cryptocurrency autonomous project in constant evolution.
“Almost everybody in the world except the newspapers and bankers recognizes that civilization has entered a new era, newspapers don’t see it and international bankers don’t want to see it” – Henry ford: New York Tribune, 4/12/1921
Created to be operated at a global scale, the ECS currency is designed focused on low transaction fees and transaction speed. Our platform ensures transaction fees to run at minimum levels while achieving competitive transaction speeds no matter the size of the network.
As a 3rd generation blockchain network, the EC network focuses on real world use cases and global financial applications, in order to achieve this and facilitate the growth of our ecosystem, our network is designed to transport any data or asset of value for a customers and therefore facilitate the interaction with external ecosystems and the open development of value added functionalities.
Designed to become a pure DAO, the Energy Credit Network is open for anyone to defend its interests. The MC2 differentiates members of the platform from just users. As a publicly traded governance token, anyone can join the network and through a simple voting structure, get involved with the community to determine the future of our platform.
The platform is the entity created with the only objective of supporting and developing the Energy Credit Network according to the community’s instructions. As an independent entity, the only reason for its existence is to, on one side ensure the correct operation of the ECN, by for example by adjusting supply mechanics according to established protocols, enable the network access to new markets, etc, and on the other hand, ensure the correct landing and development of projects and proposals carried through by the community.
The ECN is an open source project in continuous development and available for innovators to improve upon. As a community we remain open to proposals which can be adopted through the network’s vote. This proposal dynamic equally includes network developments and technological projects of social interest, focused on, but not limited to, energy production. Built enabling 3rd gen blockchain
Every energy credit is backed by a power unit of 1MW/h. This is accomplished through individual contracts in public energy markets individually related to every energy credit. This ensures a minimum trading value for energy credits equal to the market value of that given power unit as the EC platform is able to execute given contract in the original public electric markets and compensate the credit holder with the corresponding monetary equivalent.
During this stage, the Energy Credit Network and the Energy Credit Standard currency are launched. The focus during this cycle is to provide users with the functional foundations of a truly effective alternative to conventional monetary standards and transform the ideas of past innovators into a reality.
1.- Foundation: The ECN was launched on the 4th December 2021 during the 100th anniversary of Henry Ford’s proposal to replace gold as the basis of wealth with units of power.
2.- The MC2 governance token is available through a presale mechanism for anyone willing to join our community, and doing so, finance the initial steps of our collective project.
3.- Trading: Located in Switzerland, the platform launches public trading of MC2.
4.- ECS ICO: Shortly after the MC2 ICO, the Energy Credit Standard currency reaches public markets.
5.-Community development tools such as public project proposal channels and ECS-fiat public energy market contract settlement are habilitated.
The 2nd development cycle of the ECN focuses on expanding the network’s reach and functionalities, paving the road towards a rich and wide ecosystem with a solid foundation. We want the ECS to eventually be adopted as a new generation currency. In order to achieve this, the network should be able to create an ecosystem that allows it to grow and a set of functionalities that will allow development of use cases in common everyday scenarios equally as in new business models or services.
During this stage, the Energy Credit Network focuses on improving performance and interoperability, allowing the network to adopt the largest and more complex applications while taking its final steps towards scaling, self sustainability and liberalization. By the end of this stage, the Energy credit network will completely stop being under management of the platform in order to autonomously direct it. The role of the platform will merely be the one of an operational agent in the ecosystem, tasked with supporting the network to ensure the correct functionality of the system and correct development of all network approved proposals and actions.
Whatever we achieve as a collective during this cycle will completely be determined by the ECN community as a truly autonomous platform.
The Energy Credit Network project will be fully audited by a reference firm in the market following its initial developments and final completion.
During this stage, the Energy Credit Network and the Energy Credit Standard currency are launched. The focus during this cycle is to provide users with the functional foundations of a truly effective alternative to conventional monetary standards and transform the ideas of past innovators into a reality.
The 2nd development cycle of the ECN focuses on expanding the network’s reach and functionalities, paving the road towards a rich and wide ecosystem with a solid foundation. We want the ECS to eventually be adopted as a new generation currency. In order to achieve this, the network should be able to create an ecosystem that allows it to grow and a set of functionalities that will allow development of use cases in common everyday scenarios equally as in new business models or services.
During this stage, the Energy Credit Network focuses on improving performance and interoperability, allowing the network to adopt the largest and more complex applications while taking its final steps towards scaling, self sustainability and liberalization. By the end of this stage, the Energy credit network will completely stop being under management of the platform in order to autonomously direct it. The role of the platform will merely be the one of an operational agent in the ecosystem, tasked with supporting the network to ensure the correct functionality of the system and correct development of all network approved proposals and actions.
Whatever we achieve as a collective during this cycle will completely be determined by the ECN community as a truly autonomous platform.
The Energy Credit Network project will be fully audited by a reference firm in the market following its initial developments and final completion.