Renewable Energy Token (RET) Is Now Available for Trading on LBank Exchange


INTERNET CITY, DUBAI, Apr. 29, 2022, ZEXPRWIRE, LBank Exchange, a global digital asset trading platform, has listed Renewable Energy Token (RET) on April 28, 2022. For all users of LBank Exchange, the RET/USDT trading pair is now officially available for trading.

While the renewable energy industry is surging worldwide, the problem of data integration and distribution hinders the progress of its market. To address this issue, Renewable Energy Chain (REC) proposes a blockchain-based integrated data platform for the global energy landscape, with an ecosystem that includes smart electronic generator, infranet, reward system, NFT, and many more. Its native token Renewable Energy Token (RET) has been listed on LBank Exchange at 14:00 (UTC+8) on April 28, 2022, to further expand its global reach and help it achieve its vision.

Introducing Renewable Energy Chain

Renewable Energy Chain (REC) is a project that aims to discover the value of renewable energy through digital transformation. Starting with research and development of smart electronic generators in 2015, REC has achieved core success in the renewable energy industry. It will create an industrial efficiency and eco-friendly ecosystem through REC Infranet’s blockchain information to help the world’s troubled power plant environment, air pollution issues, consumers’ costs, and business owners operate more effectively.

The advantage of REC’s generator is that when operating renewable energy, it needs small power to be compared to the consumption of conventional renewable energy motors and generators. Through this, it will play a big role as a part of the next-generation eco-friendly energy industry.

There is also REC Infranet that collects various data related to the renewable energy industry from participants in the REC ecosystem participants. Its data store consists of private storage (off-chain) and public blockchain (on-chain) due to the large amount of data to be collected from REC plants, which reduces the ideal of complete storage on the blockchain. Accordingly, information on data ownership, user authentication, payment, and management of rewards and deposit pools is selectively stored in the blockchain, and the remaining data items are stored off-chain.

The ecosystem of REC includes both current participants and those who can contribute indirectly to the future. Smart electronic generator owners play an important role in accumulating information in the REC ecosystem. EPC provides warranty services for defects that occur after installing electronic generators, and O&M experts provide general operation and maintenance services. For both existing and potential REC investors, REC Infranet will provide more accurate and objective information for asset management. In addition, companies in DEFI, manufacturing, and insurance, as well as governance functions, can benefit from large-scale data accumulation. There is also NFT calculating the value of REC generated and utilized in power through technical analysis. With this, general users can participate in the ecosystem of REC and obtain a part of REC.

As a blockchain-based integrated data management system and a distributed energy data platform, REC will continue to establish collaboration and network expansion among ecosystem participants to make a next-generation breakthrough in the renewable energy industry.

About RET Token

The Renewable Energy Token (RET) is a unified currency used for access to data and related services provided within the borderless REC ecosystem. Based on Klaytn, RET has a total supply of 8 billion (i.e. 8,000,000,000) tokens, of which 60% is provided for REC network, 10% is provided for token sale, another 10% is allocated to the team and partners, another 10% will be used for marketing, and the rest 10% is provided for REC operation.

RET token has been listed on LBank Exchange at 14:00 (UTC+8) on April 28, 2022. Investors who are interested in Renewable Energy Chain investment can easily buy and sell RET token on LBank Exchange right now. The listing of RET on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

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