Even though renewable energy resources make up only 26% of the world’s electricity production, that number is bound to increase in the future. According to the IEA, it will reach 30% soon and by 2040, $7.8 trillion out of $11.4 trillion will be invested in renewable energy.
It’s up to us to put the latest technological developments to good use and support green energy whenever possible. A platform that has high hopes for the future is Green Life Energy Global.
What’s Green Life Energy Global?
Green Life Energy Global is focused on one thing — keeping things green with the power of the blockchain. Its main product is the Green Life Energy token (GNL), a digital asset based on Binance blockchain technology. With it, the company aims to become the main payment method in the renewable energy industry, thus evolving the whole financial sector related to energy and recycling payments.
Apart from helping our planet, the team behind GNL saw the economic benefit of combining the blockchain with renewable energy. In plain English, the goal is to make our planet a healthier and better place to live while offering investors an opportunity to profit from buying GNL.
Green Life Energy plans to reach out to big companies in the power sector that share its vision and create an ecosystem revolving around the GNL token.
The idea is also to use the profit created via the GNL token to support renewable energy initiatives. For example, 50% of all funds raised via an initial coin offering (ICO) will be allocated to solar power farms, wind farms and other projects around the world that focus on renewable power sources.
GNL token information
The total GNL token supply is 500,000,000 GNL, with 50,000,000 to be burned.
Here are more details about the token allocation.
- 50% of GNL tokens will be sold via an ICO
- 15% of GNL tokens will be allocated for ecosystem development
- 15% of GNL tokens will be allocated for marketing and bounty
- 10% goes to a reserve fund
- 6% goes to the team and the founders
- 2% goes to the board and advisors
- 2% will be distributed via airdrop
The GNL token is deflationary, and every transaction will come with a 5% fee. Out of that 5%, 3% will be distributed among token holders, while 2% will go to liquidity automatically.
The roadmap is divided into seven phases, with the first four planned to be executed in 2021 alone, as phases one and two have already been completed. Phase one involved planning, research, the release of a whitepaper, business registration, GNL wallet launch, website launch and more.
The second phase included listing the coin on several exchanges and price tracking websites. The periodic burn of unsold tokens also started in this phase.
The detailed roadmap shows big plans for the future, including partnerships with renewable energy companies, creating a GNL Decentralized Exchange, listing on major exchanges, creating GNL blockchain and even solar panel farm planning, which is projected for 2022. The last step is to expand the project’s scope to other continents.
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