FRED ENERGY- ACCELERATING ALTERNATIVE ENERGY USAGE AND GENERATION BY THE CONSUMER.
Every day our bodies are exposed to dangerous substances like fossil fuels which are not good for our well being. Also, it is greatly damaging our environment. Pollution is the major cause of global warming through car exhausts, burning, etc. the effects of global warming could be seen in the rise of sea levels, drought, heat waves, storms, change in climate, earthquakes, food shortages, etc. this is evident in recent happenings around us. For example the floods occurring in some Western European countries, forest fires in some countries in Africa, Mexico and south Asia and a host of other instances. It has also been predicted that in a couple of years to come, humans and livestock will face food shortages which could in some cases lead to death. The only solution is GREEN ENERGY such as solar power, biomass, electric cars and other renewable energy. Green energy is beneficial because it helps to avoid pollution thereby making our environment cleaner, it is cheaper, cannot be exhausted since it is natural and renewable and most importantly, it reduces the effect of global warming. A lot of researchers have tried to come up with an effective way to use this energy but have failed mostly due lack of capital, failure in product test, etc. luckily all these will be by-gone with FRED ENERGY.
FRED ENERGY, a stellar blockchain based project which provides secure, cost-effective and light-speed transactions seeks to fund energy related research work by partnering and collaborating with technology developers. Most importantly, the project will focus on electric vehicle and their charging stations which will be partly or fully owned by Fred Energy. Each of the charging stations will be connected to a PAYG application specifically designed for payments which could be made in local currency or the project’s token, FRED. In the nearest future, FRED ENERGY intends to go into the Tuk-Tuk market. They will rent theses vehicles and supply them with power. This will obviously bring in more income in the ecosystem as the vehicle is mostly used in densely populated communities because of its advantageous features.
Published at Wed, 06 Nov 2019 21:31:16 +0000