KSM Starter IDO Spotlight: Enrex

KSM Starter is thrilled to officially reveal a spotlight on its second IDO event, Enrex — an unparalleled environmentally focused decentralized initiative, that will finally bring carbon accountability to the blockchain.

Enrex Overview

Enrex is the one-stop shop for environmental DeFi, that through the integration of various registries, partners and services will soon be ready to offer the first official decentralized marketplace for CO2 allowances and renewable certificates.

In a cultural climate that emphasizes ecological responsibility, it will provide environmental accountability with a crucial bridge to blockchain based efficiency. All the information pertaining to a transaction object’s history, origin, and inner transactional journey is recorded directly into an Enrex token, and can be traced back just as easily.

CO2 allowances and renewable certificates, for instance, will be tokenized and issued based on their type, location and validity and can be traced to their real world certificate counterparts. All trading will be made directly with the Enrex token and the fees will be collected in Enrex token as well.

$ENRX Token Utility

At the heart of Enrex’s environmental DeFi is the utility token $ENRX, which allows their B2B partners to:

• Launch sustainable and CO2 neutral ICO/IEO/IDO events
• Make transactions and mining CO2 neutral
• Offset their CO2 emissions directly by way of balancing them from one cryptocurrency for other cryptocurrencies and for real world use cases.
• Trade mandatory carbon offsets and renewable energy certificates directly with cryptocurrency.

For the Enrex community, their token facilitates:

• Tracking cryptocurrencies for sustainability
• Investing in the growing environmental market.

Enrex will first launch on Solana, but will later utilize substrate’s interoperability when Kusama and Polkadot are ready, thereby bringing Environmental DeFi to the Canary Network and beyond.

Enrex:

Website: https://www.enrex.io/
Telegram group: https://t.me/enrex_community
Telegram announcements: https://t.me/enrex_io
Twitter: https://twitter.com/enrex_crypto
Linked In: https://www.linkedin.com/company/enrex/

About KSM Starter

KSM Starter, the primary launchpad on Kusama, is built to provide early-stage support and public funding for projects building on Substrate. KSM Starter’s incubator modeled launchpad is driven by the community and shared values of fairness, transparency, and decentralized organization. Unique to the KST ecosystem, community members are incentivized to participate in the pre IDO selection process through higher allocation rewards. Also unique to KSM Starter, collaboration is fostered among launched projects by incentivizing community members to support previous launches by awarding them with improved lottery odds. This along with the KST Ecosystem Council generates a synergistic network effect that empowers all projects to succeed and leave a lasting impact on Kusama.

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