Renewable Energy Token

About Renewable Energy Token token

Renewable Energy (RET) is a BEP-20 token established on the Binance Smart Chain network on January 4, 2022. It aims to provide a platform for supporters of renewable energy to participate in environmentally friendly projects. RET holders contribute to advancing renewable energy initiatives and have the opportunity to earn rewards. The token enhances functionality and engagement for those passionate about renewable energy.
How does Renewable Energy work?
RET operates with a unique model that rewards long-term holders. A 3% transaction fee is applied, and of this fee, 1% is redistributed to holders, 1% is sent to a Dead wallet, and the remaining 1% is allocated to the team wallet for token-related objectives. This means that as a holder, you benefit from receiving a portion of the transaction fee based on your token balance, encouraging you to hold on to your tokens for the long term. The liquidity pool of RET is locked until 2030, ensuring stability and confidence in the ecosystem.
What are the potential use cases for Renewable Energy?
RET is not just about the present; it’s about the future. The token aims to reduce reliance on non-renewable energy through physical wind and solar power projects. These projects not only aim to protect the environment but also offer potential benefits to RET holders as future stakeholders. In addition, RET has exciting plans to develop a game focused on renewable energy power plants. This game will not only educate but also engage users, offering them the opportunity to earn rewards by constructing virtual power plants and installing renewable energy infrastructure within the game.
What is the history of Renewable Energy?
Launched with 50 quadrillion tokens on January 4, 2022, RET began with 40.00% of the total supply manually burned. The remaining tokens were placed directly into the locked Liquidity pool. The team aims to implement physical projects harnessing wind and solar energy, with RET holders potentially sharing the benefits. They also aim to use gamification to promote understanding and awareness of renewable energy.