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docs_depin/docs/depin_specs/energy_networks/lo3_energy.md
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Lo3 Energy Detailed information about Lo3 Energy 5

Lo3 Energy

Overview

Lo3 Energy is a decentralized energy trading platform that allows users to buy and sell renewable energy directly from each other. It leverages blockchain technology to create a peer-to-peer energy marketplace.

Key Features

  • Currency: LO3 (Lo3 Energy Token)
  • Buying Currency: Available on decentralized exchanges like Uniswap.
  • Utility:
    • Used for network transactions and incentivizing energy trading.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate energy trading and payment processing.
  • Utility in the Project:
    • Users can earn LO3 by trading renewable energy.
    • Validators can stake LO3 to secure the network and earn rewards.
  • API: Yes, Lo3 Energy provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily trade renewable energy and earn LO3 tokens.

How It Works

  1. Step 1: Users connect their renewable energy sources to the Lo3 Energy network.
  2. Step 2: The network matches buyers and sellers of renewable energy.
  3. Step 3: Users earn LO3 tokens based on the amount of energy traded.

Staking

  • Staking Requirements: Minimum of 1,000 LO3 tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Lo3 Energy API Docs.

Additional Resources