A Renewable Energy Credit (REC) — also sometimes referred to as a renewable energy certificate — is a way to represent your investment in renewable energy. Buying RECs is not the same as purchasing electricity, paying a power bill, or investing in a cleantech startup. RECs are a way to directly fund renewable energy that will be used in the electric grid. When you buy a REX NFT you are directly funding the generation of clean renewable energy. A REC is created for each megawatt-hour (1 MWh, or 1000 kilowatt-hours) of renewable electricity generated and delivered to the power grid. This helps us all leave less of a carbon footprint. Historically, RECs have primarily been purchased by corporations to offset their carbon emissions. We are lowering the barriers to entry and creating a consumer based market for RECs by tokenizing them as NFTs. Welcome to REX NFT.
REX NFT Ecosystem
In addition to the NFTs, we will be launching an exclusive online REX club and metaverse for all holders, as well as a corresponding token that will be used in the REX NFT ecosystem. The token will be on the Polygon network and will have many benefits, staking, and reward options. The token will be airdropped to all REX NFT holders on a weekly basis. 2,500 REX Coins per REX NFT owned will be sent to all REX NFT holders each week.
Each REX NFT is a genuine, functional REC
You will receive a Product Content Label (PCL) with each NFT purchase. You will be able to verify this through TerraPass which is a top REC (Renewable Energy Credit) supplier. In addition to being a genuine renewable energy credit, we have partnered with an environmental non-profit to plant a tree each time a REX NFT is sold.
