Decentralized exchange ENEDEX is the next evolution of quantum proof, cross-chain energy derivatives trading built on Polkadot, Moonbeam, and DCore for trading traditional and future energy products.
Energy markets are commodity markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy. In recent years it’s referred to as trading of renewable energy. This has been caused by many factors including the threat of climate change, cost, and potential profits. Renewable energy has become a prominent force within the energy market and presents a huge opportunity that will be at the forefront of the energy transition when the world moves towards sustainable energy.
What are Energy Derivatives?
The total derivatives market is estimated to be around US$640 trillion with energy derivatives contracts among the most traded future contracts. Energy derivatives are financial instruments whose underlying asset is based on energy products like renewable electricity and carbon emission allowances as well as more traditional products like oil and natural gas. Traditionally, energy derivatives are traded on a centralised exchange such as the Chicago Mercantile Exchange (CME), or the Intercontinental Exchange (ICE), or on an over-the-counter (OTC) basis. Energy derivatives are an important part of the financial system and are widely used for the purposes such as speculation, industrial production planning, and risk hedging. The energy derivatives market has become vast, with a wide variety of products represented and is playing an increasingly important role in a world that is moving towards higher environmentalism.
What is the Market Size for Energy Derivatives?
The market size for energy derivatives is extremely hard to ascertain as it would be worth hundreds of trillion of dollars in value. The mix of physical and financial commodity products traded in an OTC and exchange traded market makes it impossible to put an exact number on the market size. However, the global renewable energy market alone was estimated at USD 928 billion in 2017 and is expected to reach USD 1.5 trillion in 2025. This number does not include any other products like traditional energy or new markets like hydrogen that will be created in the near future. Renewable energy is steadily chasing after more market shares each year with a mission to eventually take over from fossil fuels. In other words, the opportunity is gigantic!
Today, the gross of the volume traded in the energy market is conducted in the wholesale market between traditional energy companies. ENEDEX looks to bring the energy market to the decentralized crypto environment and provide access to all market participants without any limitations on location, size, or background removing any blockers along the way. ENEDEX transforms the future of energy trading and simultaneously accelerates the energy transition leveraging the innovation of DeFi and the wider crypto ecosystem. ENEDEX is designed as the next step forward in the crypto trading and funding space with a sole focus on energy.
Building on the strong fundamentals of the DCore Blockchain, ENEDEX will be implementing technologies of Polkadot and Moonbeam on top of DCore to offer near gas-less fees, removing expensive traditional middlemen, offering fractional trading and near-immediate settlement. ENEDEX is poised to revolutionise energy trading by democratizing energy trading through the offer of products that enable fractional volumes at minimal costs and near-immediate settlement in a decentralized environment. Leveraging the latest technological developments in quantum proof security will enable us to offer a top-notch secure trading platform.
$ENE recognises that the future of energy is rapidly moving towards clean fuels. New markets for these fuels are in full swing and are being developed as we speak. Huge opportunities will arise from the sustainable energy movement that will involve replacing hydrocarbon products with hydrogen, solar, wind, biofuels, and other renewable energy products that enable a net zero carbon environment. The innovation in DeFi has the opportunity to be at the forefront of these developments and be a leader creating the future of energy contributing to a greener and cleaner world. ENEDEX is a DEX for trading and a platform for sustainable energy start-ups to raise capital and list their tokens in a decentralized and interoperable environment. Be part of the decentralized future of energy!
How to Participate?
The Private Sale is open NOW! Visit our website on enedex.org and click the Private Sale button to complete the request form!
Visit www.enedex.org to participate!
🌎 Web: www.enedex.org
📲 Telegram: https://t.me/ENEDEX_Official
📲 Telegram ANN: https://t.me/ENEDEX_ANN
🐦 Twitter: https://twitter.com/ENEDEX_HQ
📖 Medium: https://medium.com/@ENEDEX