Enrex lets users buy, sell and use government mandated renewable energy certificates and CO2 emission allowances thus making crypto green.

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

Among Enrex utilities and possible use cases:

• Investing in a growing environmental market
• Offsetting CO2 emissions directly with the $ENRX token
• Launching sustainable and CO2 neutral ICO/IEO/IDO
• Track cryptocurrencies for sustainability

Enrex will receive fees from Enrex exchange/offsetting/API straight in $ENRX tokens. $ENRX tokens can be staked to earn incentives from gathered fees all across the Enrex’s ecosystem.

All the fees will be distributed in such order:

• 60% $ENRX will be distributed to the staking pool
• 15% $ENRX will be distributed to the Enrex treasury (for product development, liquidity and future project development)
• 25% $ENRX tokens will be burned every week. Estimated is the total burn of 45% $ENRX total supply

The project is backed by Trustpad, KSM starter, Meridian, Dream Boat Capital, r-930 capital, GSR.

Enrex’s intended user clientele will be comprised of various crypto exchanges, NFT marketplaces, cryptocurrency miners, retail investors, other crypto-based project ecosystems.