Phyken Network & Roadmap — Leveraging Web3 for a Green Energy Future.
Investing in sustainable and renewable energy sources is crucial due to the devastating effects of climate change. In this regard, Green Renewable Energy Assets (#GRWAs) have gained popularity as they provide regulatory support and contribute towards a sustainable energy solution. Compared to conventional energy sources, REAs offer a clean and unlimited energy supply, including solar panels, wind turbines, and hydroelectric power. They are vital in reducing global carbon emissions and combatting climate change.
Phyken Network is a Layer 1 application chain, secured by Polkadot. We aim to bring green and renewable energy assets on-chain, fractionalize them, and make them accessible to millions of people who wish to invest in green Real World Assets (#RWAs) but don't have access to investment opportunities. We are building a network to allow us to fractionalize Green #RWA assets and provide global access to legitimate investment opportunities. We believe that borderless access to green energies and the integration of blockchain technology are essential to creating a sustainable future for our planet.
Phyken Network & Roadmap
The Phyken Network is currently considering the option of becoming a Parachain within the Polkadot ecosystem. Our primary goal is to transform the incorporation of environmentally-friendly energy assets onchain. The Phyken Network has been created to motivate and assist the stakeholders within the Phyken network. Furthermore, our tokenomics have been customized to meet the requirements of all stakeholders
Renewable Energy Focus: Phyken aims to capitalize on the growing interest in renewable energy assets, positioning itself as a key player in the industry.
$KEN Native Token:
The native token of Phyken is $KEN, with an initial token supply of 2 billion tokens.
Inflationary Model: The network operates on a mild inflationary model, with an annual inflation rate ranging from 3% to 5%.
Parachain Launch on Polkadot: Phyken Network plans to launch its parachain on the Polkadot Network in Q1,2024.
Phyken Asset DEX: In the third quarter of 2024, Phyken is set to conduct the beta launch of its Asset Decentralized Exchange (DEX).
Defi Protocol for Green Real World Assets: Phyken Network plans to introduce its Defi Protocol, specifically designed to facilitate decentralized finance for Green Real World Assets.
Conclusion
Phyken Network is using #Polkadot to fractionize and tokenize renewable and green assets, creating a decentralized platform for sustainable investments. This promotes sustainability and offers new opportunities for #DeFi in the #Web3.
About Phyken Network
Phyken Network is a Layer 1 app-chain and DeFi protocol on Polkadot, building an RWA asset fractionalization protocol, particularly emphasizing #GRWA: renewable energies and solar power on the blockchain — Secured by Polkadot.
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Written by: https://medium.com/@rjkesavchandar
