M3tering

Overview

A coordination mechanism driving solar electrification & decentralization of energy supply.

In a nutshell, M3tering is a token incentivized protocol, aimed at driving capital investment in distributed energy resources (DERs) such as rooftop solar projects and to bring clean electricity to underserved communities, especially in Latin America and sub-Saharan Africa, by incentivizing individuals and institutions to become electricity providers through rooftop solar power purchase agreements (rooftop solar PPAs).

Consumers pre-pay for clean electricity using xDAI stablecoins. Providers receive rewards in protocol tokens. The protocol fosters the growth of electrification services through a positive feedback loop where increased participation by providers attracts more energy resources and energy users, thus driving capital into DERs and promoting cleaner energy access in the global south.

The protocol’s success hinges on its capacity to provide a reliable, clean, and cost-effective source of electricity through distributed energy resources. This will positively impact the lives of millions while promoting community ownership of the energy infrastructure. Ultimately, the M3tering Protocol aims to contribute to social and economic development by providing a reliable supply of electricity to productive users and promoting distributed energy solutions .

Describing the components and design of the protocol

• Joining the M3tering Protocol as an Electricity Provider: To participate in the protocol, an individual or business needs to invest in distributed energy resources such as solar panels, batteries, and inverters, for generating and storing electricity. The popular model in the global south is rooftop solar installations especially as sunlight is abundant in these regions.

• Installing Electricity M3ters: Alongside the solar equipment, the provider needs to install M3ters, which are specialized devices that measure the electricity generated and consumed. These meters securely transmit and verify the energy production and consumption data.

• Pre-Payment with xDAI: Offtakers, such as households or commercial buildings, can meet their energy demand by connecting to a Provider on the M3tering Protocol. They pre-pay for the electricity they intend to consume using the xDAI stablecoins, which are cryptocurrencies designed to have a stable value.

• Token Rewards: As consumers pre-pay for the electricity, providers are rewarded with the protocol tokens based on the amount of clean energy they supply to the consumers. the token is design to create incentives for providers to join and expand the network.

• Network Effects and Growth: The token design works in a way that more providers and consumers join the network, the higher the demand for the protocol’s tokens becomes. This, in turn, attracts more participants to the protocol, creating a feedback loop that drives further expansion.

For a more comprehensive understanding, dive deeper into the technical components of the M3tering Protocol, starting with the NFTs

Links

1. https://m3tering.whynotswitch.com/
2. https://twitter.com/m3tering