Sweden's Energy Hub Project to Power Web3 With Native Token on Helium Subnet

Sweden's Energy Hub Project to Power Web3 With Native Token on Helium Subnet

Sweden's Energy Hub project, Srcful, is preparing to launch its native ENERGY token on a Helium (HNT) Subnet, as reported by Blockworks. This subnet will incentivize users to contribute solar and battery energy storage, utilizing these resources to collect and manage data. As part of the project, Srcful intends to operate a virtual power plant (VPP) using Helium hotspots. The integration with Helium's network will allow Srcful to leverage the Helium blockchain's low-power, long-range wireless technology for data transmission. This will enable the project to gather real-time data from connected devices, enhancing the efficiency and reliability of its energy management system. The ENERGY token will serve as a means of rewarding users for their contributions to the network. By providing solar and battery storage, users can earn tokens that can be used to access services within the Energy Hub ecosystem or traded on exchanges. By tapping into Helium's established network and tokenomics, Srcful aims to foster a decentralized and user-driven energy marketplace. This innovative approach has the potential to transform the way energy is produced, distributed, and consumed, empowering consumers and promoting a more sustainable energy future.