docs_depin/docs/depin_specs/energy_networks/grid_plus.md
2025-01-13 09:50:53 -05:00

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Grid Plus Detailed information about Grid Plus 3

Grid Plus

Overview

Grid Plus is a decentralized energy trading platform that allows users to buy and sell renewable energy directly from each other. It leverages blockchain technology to create a peer-to-peer energy marketplace.

Key Features

  • Currency: GRID (Grid Plus Token)
  • Buying Currency: Available on exchanges like KuCoin and Gate.io.
  • Utility:
    • Used for network transactions and incentivizing energy trading.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate energy trading and payment processing.
  • Utility in the Project:
    • Users can earn GRID by trading renewable energy.
    • Validators can stake GRID to secure the network and earn rewards.
  • API: Yes, Grid Plus provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily trade renewable energy and earn GRID tokens.

How It Works

  1. Step 1: Users connect their renewable energy sources to the Grid Plus network.
  2. Step 2: The network matches buyers and sellers of renewable energy.
  3. Step 3: Users earn GRID tokens based on the amount of energy traded.

Staking

  • Staking Requirements: Minimum of 5,000 GRID tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Documentation

For detailed documentation, visit Grid Plus Docs.

Additional Resources