Digital Energy Currency ($DEC) is utilized as a smart off-take agreement (SOTA), designed by PermianChain Technologies to enable P2P trading on a decentralized energy exchange for cryptocurrency miners to secure low-cost sustainable electricity from PermianChain’s energy pool.
$DEC holders carry a digital receipt that proves ownership rights to a certain volume of energy reserves (after being transferred and converted into units of power). The SOTA tokenization process transfers every kilowatt (kW) generated by the volume of energy reserves that is registered on the PermianChain platform into a digital ERC20 token, ensuring that $DEC holders can efficiently buy and sell energy for compute power on a dedicated digital platform.
Getting energy to market requires significant initial capital expenditure. Conflicts related to off-take agreements can arise from various factors such as:
All are major challenges for energy suppliers and crypto-miners to consider. The lack of transparency throughout the supply chain, from extraction, power generation to trading, can lead to the mismanagement and misappropriation of revenues.
Blockchain data centres running Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms demand increasing power to secure their networks. Meanwhile, crypto-mining projects are often too expensive to proceed because the cost of power is too unstable for them to manage expectations on future profits.
PermianChain works with third-party operators to register and tokenize energy resources that has been converted into power (kWh) that can be used to power affordable data centres on location. The $DEC provides a bridge to secure low-cost and fixed pricing of the kilowatts generated from the energy source. Allowing instant trading and settlement. $DEC’s utility on the PermianChain is streamlining real-time revenue-generation for the energy suppliers.
The $DEC is simple to use for the crypto miners that need the energy, and simple to implement for the energy companies that have energy resources to offer. $DEC offers two key benefits on the current situation:
1. It stops crypto activities competing with existing businesses and individuals for power, taking away the pressure on national grids. By removing the risk of blackouts, you reduce the risk of a government clampdown; and
2. It also reduces that impact that both the crypto and the energy sectors would have on the environment. By improving the way that crypto-miners use energy, you enhance perceptions of the sector and potentially attract more liquidity.
The energy sector is phenomenally complex. Natural resources need to be sourced from producers, transported, stored, blended and delivered.
A myriad of organizations are involved during the supply and refinement process creating a complex flow of information.
Disruption is common and adds cost, but the blockchain could enhance information flow, speeding the process up and reducing waste and cost.
PermianChain’s blockchain-based digital energy currency ($DEC) lets token holders buy and sell processing power quickly and efficiently.
Information flows transparently between stakeholders, reducing waste and helping bring down the cost of both trade and power.
Join us as we put an end to the rolling disaster that has the potential to smother the crypto economy’s myriad of potential enhancements.BUY DEC
$DEC enables energy projects to unlock a new revenue stream from a previously wasted and stranded resources.
$DEC enables crypto-mining projects that require blockchain data centres to enjoy access to affordable power.
Peer-to-Peer (P2P) trading of $DEC on decentralized exchanges (DEX) creates an open market for previously wasted and stranded energy resources.
Completed PermianChain product technical architecture for all 4 foundation blocks (PermianChain Miner, PermianChain Supplier, PermianChain Investor and PermianChain Dealer) to support the digital energy market (utility and security).Q1-2019
Completed the suite of PermianChain products (prototype), which include, PermianChain Supplier, PermianChain Investor, PermianChain Miner and PermianChain Dealer.Q3-2019
Integrated an oil and gas blockchain framework (OGBiF) as a business model for energy companies that will use the PermianChain Supplier platform with DEC as the native currency.Q4-2019
Technical Business Model related to digital energy securities submitted to the regulator’s Launchpad Team for feedback. Received feedback and adapted platform based on legal recommendations to comply with securities laws and regulations.Q1-2020
Bitcoin mining pool aggregator and digital energy market integrated into PermianChain Miner product features to support adoption of DEC.Q3-2020
Onboarded the first energy company and opened registration for other companies to register their energy reserves on the PermianChain Supplier to underpin the Digital Energy Currency (DEC)Q2-2021
PermianChain works with third-party professionals to conduct due diligence of assets and wells registered on the platform before approval and pushing to PermianChain’s blockchain explorer.Q3-2021
The first bitcoin energy company issues a natural asset security token (NAST) with its registered market dealer to capitalize and grow the OGBiF business-model, using PermianChain’s products as its technology infrastructure to support issuance of DEC against energy reserves.Q3-2021
Launch of the digital energy market with DEC serving as our Smart Off-take Agreement (SOTA) enabling crypto investors and crypto miners to secure ongoing power capacity for crypto-mining farms.Q1-2022
Creating liquidity for DEC on various DEXs and allowing for staking of stablecoin to distribute energy credits to users of PermianChain Miner.Q3-2022
Underpin 1kW for every DEC in circulation, with a goal to achieve a minimum of 100,000kW (100mW) of power capacity dedicated to bitcoin mining farms. All power to be generated from clean sustainable natural gas resources that would have otherwise been wasted or stranded. Current demand exceeds 500,000kW.Q4-2022 onwards
Founder & Chief Executive Officer
Chief Technology Officer
1) What is the Digital Energy Currency (DEC)?
2) What is use of the DEC?
3) Is DEC a security or utility token?
4) How do I buy DEC?
5) What is the maximum supply of DEC?
6) How is the price of DEC determined?
7) Can I hold the DEC token and sell it for a higher price afterwards?
8) Do I need to be a user of PermianChain Miner to hold DEC?
Digital Energy Currency (DEC) project is developed by PermianChain Technologies, a Toronto-based technology company that is focused on bringing efficiencies of the blockchain to natural resources. Creating value in resource finance and sustainability.
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