Digital Energy Currency
– 70 – VisitsDigital Energy Currency (DEC) is a natural gas reserve backed cryptocurrency.
DEC operates as a smart off-take agreement (SOTA) to create a digital gas-to-power marketplace between natural gas operators and cryptocurrency miners.
Holders of the DEC carry a digital receipt that proves ownership rights to a certain volume of proven natural gas reserves (after being transferred and converted into electricity). The SOTA tokenization process transfers every kilowatt-hour generated by the volume of natural gas that is registered on the PermianChain platform into a digital ERC20 token, ensuring that token holders can efficiently buy and sell energy for compute power on a dedicated digital platform.
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