GreenTek (GTE) is a blockchain-based platform that generates energy from natural resources like sunlight, wind, and water. The platform allows users to trade energy and invites traders, individuals, businesses, and local bodies to create projects with advanced renewable green energy technologies like solar, geothermal, Vertical Axis Wind Turbines, pollution elimination, etc. GTE solves the ever-increasing need for energy in the market. According to its whitepaper, GreenTek aims to develop a decentralized green energy exchange platform where everyone can trade energy virtually via cryptocurrency in a peer-to-peer (P2P) model.
The platform uses a high-performance algorithm that offers high security, overall speed, and efficiency. GreenTek has utilized smart contracts for the automated and smooth functioning of the network. Further, the launch of green energy exchange helps the platform by:
The exchange allows users to trade GTE tokens in the P2P model.
GTE is the native utility token of the GreenTek platform. The token holders can review energy data and purchase the Power tokens. Power tokens are another token of the platform whose value depends on the energy produced from the platform’s renewable green energy technologies. If users wish to receive GTE tokens, they can send Ethereum or Bitcoin to the official GreenTek token sale smart contract address. In return, the platform automatically sends GTE tokens to the contributors after confirming the transaction.