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M3tering Protocol

M3tering Protocol

M3tering is a blockchain-based protocol pushing for the expansion and adoption of solar electrification in Sub-Saharan Africa.

Impact DePIN

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 DAI 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.

Location

Nigeria

Protocol(s)

IoTeX  Gnosis Chain  

Token

No token data available

Fundraising

YearTypeRoundAmount
2024Gitcoin GrantsClimate Round$325.84
2024Public Goods FundingShell Round$240.66

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