Rowan Energy, a pioneer in DePIN (decentralised Physical Infrastructure Networks) space with its decentralised energy solutions, has listed on MEXC today, the 14th of March 2024.
Rowan Energy is pushing forth the new age of renewable energy by utilising its layer 1 blockchain to change how we interact with and participate in the $1.8T global energy market.
Through their SmartMiner middleware devices, solar households can use their solar production to validate the Rowan Blockchain through a Proof of Generation consensus model and earn fiat rewards paid directly to their bank accounts for doing so. Homeowners earn at the rate of 10p (£0.1) per kWh of renewable energy produced. Their technology sits at the frontier of decentralised energy, as they incentivise consumers to generate their own renewable energy and remove their reliance on the centralised national grid.
Rowan Coin: Incentivising sustainable energy
Rowan coin (RWN) is the key to their ecosystem and is enclosed in an economy that drives sustainable growth and rewards. The Rowan Rewards mechanism deploys two different pools, the circulating pool and the rewards pool. A portion of all operating cashflow, transaction fees and SmartMiner sales is used to buy back RWN from the open market (circulating pool). RWN coin is only sold to fund fiat rewards, the selling pressure of which sends the coins back to the circulating pool. Selling of RWN coins only happens when cash reserves dip low.
As buybacks are based on real business growth, they are modelled to outpace the static rewards, giving RWN coin sustainability in growth that doesn’t rely on the crypto fly-wheel. With over 5% of the supply being bought back from the market to date, this unique system is performing as intended.
The Rowan coin (RWN) listed on MEXC, a renowned player in the crypto industry, consistently securing a position among the top 20 centralised exchanges (CEXs). Boasting a daily trading volume average of 1 billion USD, MEXC has solidified its place as a major force in the crypto asset market. The listing is a big win for the RWN coin holders. Currently, MEXC sees more than 10 times the monthly organic page visits than competitors Coinstore and Protbit combined! This listing will become a key inflection point in RWN coin’s present and future life cycle.
What is Rowan Energy?
Rowan Energy is emerging as a market leader in the DePIN, and more specifically DecEnergy, space. Using their SmartMiners and Rowan Blockchain, they are incentivising homeowners to participate in renewable energy production through their sustainable rewards scheme, and building out the first decentralised energy network - by which anyone can generate, purchase and sell renewable energy, completely autonomously.
Having installed over 1,600 SmartMiners in the UK, Rowan Energy is the nation's efforts in decentralising energy, and as per their latest monthly report, are eyeing up plans for international expansion.
What makes Rowan Energy unique is how it builds resilience in communities and carries the ethos of decentralisation in its mission to provide sustainable energy solutions. Through their SmartMiners, they are empowering communities to turn from consumers to prosumers, allowing them to contribute to the energy market and remove any reliance on the centralised grid systems we use today. Rowan Energy is also developing its own Smart Grid layer, which will enable people to trade their energy peer-to-peer, utilising blockchain to do so.
About Rowan Energy
Rowan Energy is a pioneer in the decentralised physical infrastructure (DePIN) sector. Their innovative blockchain, complemented by SmartMiners, enables the validation and monitoring of energy generation from residential solar panels, making decentralised energy accessible and rewarding.
About MEXC Exchange
Established in 2018, MEXC is well known for high-performance and transaction-matching technology, catering to over 10 million users in 170+ countries. MEXC aims to become the go-to platform for new and experienced traders alike, with a global presence and regulatory compliance.