[W9] - DECEnergy 🏅

The Decentralized Electric Company aims to revolutionize the energy industry by providing a sustainable and transparent investment platform that enables anyone to invest in clean energy projects.

Challenges

Polygon DeFi UX Challenge

Pool 1,000 ETH

We have used Polygon for our project as our main-net and we tried to make an easy to use experience

Changing Climate Change with web3

Ranked 1,500 USDC

Because our project is dedicated to providing clean energy solutions to an industrial environment to developing countries.

Environmental Impact Beyond Carbon

Ranked 2,500 USDC

We are providing clean energy solutions improving our carbon footprint and a better future

Best Use of Polygon

Ranked 10,000 ETH

Why Polygon is the best blockchain choice for DEC The DEC investment platform is built on the Polygon blockchain, and for good reason. Here are the main advantages of using Polygon for our decentralized investment platform: Low gas fees One of the main challenges of building decentralized applications (dApps) on public blockchains is the high cost of gas fees, which can make it prohibitively expensive for users to interact with the platform. Polygon addresses this challenge by offering significantly lower gas fees compared to other public blockchains. This makes it more cost-effective for users to execute smart contracts, conduct transactions, and interact with the DEC platform. Fast transaction confirmation times and scalability The Polygon network is designed to provide faster transaction confirmation times compared to other public blockchains, making it ideal for applications that require rapid processing of a large number of transactions. Additionally, Polygon's Layer 2 scaling solution enables it to handle a high throughput of transactions, making it a scalable and efficient platform for the DEC investment platform. Compatibility with Ethereum-based dApps As a Layer 2 scaling solution built on top of Ethereum, Polygon is fully compatible with Ethereum-based dApps. This provides developers with a seamless transition to the Polygon network and allows them to leverage the existing Ethereum developer tools and resources to build and deploy dApps on the Polygon network. Vibrant community and diverse ecosystem Polygon has a vibrant and active community of developers and users who are constantly building new dApps and exploring new use cases for the platform. Additionally, Polygon's ecosystem of dApps is diverse and includes a wide range of applications in areas such as gaming, finance, and decentralized exchanges. This provides a rich ecosystem of applications and resources for the DEC investment platform to leverage. Conclusion In summary, the decision to use the Polygon blockchain for the DEC investment platform

Build on Base 🔵

Ranked 15,000 USDC

We use L2 as our only layer 2 network on decenergy.

MetaMask Snaps - Identity 🪪 & Communication 💬

Ranked 7,000 ETH

We use metamask for our project to identify investors, customers and consumers / users of various crowdfunded projects.

#BUIDLathon 2023 Impact + Public Goods Track

Pool 15,000 MATIC

We are providing clean energy solutions to developing countries through quadratic funding / crowdfunding.

Project details

The Decentralized Electric Company aims to revolutionize the energy industry by providing a sustainable and transparent investment platform that enables anyone to invest in solar energy projects. By utilizing blockchain technology, DeFi, and cryptocurrency, the company creates investment funds to fund the development and deployment of solar energy projects. This investment platform allows individuals or businesses to invest in renewable energy projects through the use of blockchain, providing transparency and traceability of each investor's contribution to the total funding needed for the project. Unlike traditional energy production, which is centralized and controlled by the government and big corporations, DEC creates a decentralized investment fund that allows people around the world to participate in investing and producing energy, generating passive income streams from the electricity generated. This sustainable investment platform promotes transparency, decentralization, and inclusivity, empowering people to invest in renewable energy projects that benefit both the environment and the investors.