kodesage / oku_frontend

Oku

Oku is a Payment Interface/ Medium that interacts with the Metering Protocol which enables users to pay and renew their power utility with Dia Tokens on the Blockchain

Overview of Metering Protocol

In a nutshell, M3tering is a token incentivized protocol with the objective of driving capital investment in solar energy projects to electrify underserved regions, especially in Latin America and sub-Saharan Africa, by incentivizing individuals and institutions to become electricity providers through on-site rooftop solar installations PPAs.

• Becoming an Electricity Provider: To participate in the protocol, an individual or business needs to invest in solar equipment, such as solar panels, batteries, and inverters, for generating and storing electricity. These installations are typically done on rooftops to harness solar energy efficiently.

• 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 play a crucial role in tracking and verifying the energy production and consumption data.

• Pre-Payment with DAI: Consumers, such as households or commercial buildings, are incentivized to connect to the M3tering Protocol to access clean electricity. They pre-pay for the electricity they intend to consume using the DAI 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 tokenomics of the protocol are designed to create incentives for providers to join and expand the network.

• Network Effects and Growth: The M3tering Protocol's tokenomics work in a way that more providers and consumers join the network, the higher the demand for DePIN tokens becomes. This, in turn, attracts more participants to the protocol, creating a feedback loop that drives further expansion.

Available Features

• Payment of solar energy with crypto (DIA)

Upcoming Features

• Fiat Payment for Nigerians
• Protocol Contract to validate and collect fees
• Mobile Application for Users for easy Accessibility