A REO-G or a GreenToken is an ERC-721 token on the public Ethereum blockchain that certifies the origin of the energy as being from renewable sources. RED agrees to 1 REO-G producers for every 1 MWh of Green Energy produced. A REO-G is valid for 12 months from the date of issue, during which time it can be used by companies to reduce their carbon footprint.
A green certificate of sustainability is a way to demonstrate the degree of sustainability of companies by supporting green energy producers in a 100% transparent way on the blockchain developed by RED. Each “Green Certificate” will contain information regarding the “Company,” the “REO-G Number,” and the “Amount of CO2 avoided,” as well as a “Single Series” on the blockchain with the registration of the certificate that can be verified publicly on the Ethereum network.
To obtain a “Green Certificate,” you must have REO-G in your wallet and use it to issue the certificate.
RED does not charge cash fees for issuing green certificates for companies. In order to cover the network costs of writing the information on the blockchain, a small payment in MWAT is required.
The digital Green Certificate will be a powerful ESG tool because a company can prove on a public blockchain that they are a sustainable entity, that consumes and supports the production of renewable energy as well as taking action to offset the release of CO2 in the atmosphere. All this is done in an easy but most important in a secure way, the blockchain being tamper-proof. Your business partners, customers, and suppliers will be delighted to work with a sustainable company and they can check this information publicly at any time.
Of course, we have prepared a special page for you with answers to the most frequently asked questions here