About 80% of the energy used globally comes from non-renewable energy sources. The dangers of using this energy source include the release of harmful greenhouse gases into the atmosphere and the creation of the greenhouse effect which causes global warming. To reduce the effect of these environmental hazards, there is an advocation for the use and mass transition to clean “renewable” energy sources. However, due to financial barriers—since investments in renewable energy are capital intensive—many investors are not finding it easy to transition into the sector.
Dione Protocol is a key innovation that tends to creatively remove the technicalities involved in the energy sector and bridge the gap between players in the green energy business. Dione Protocol is built on two premises: reducing the carbon footprint caused by the energy sector around the world and incentivizing retail consumers to become key stakeholders and run their energy businesses.
This article will explore the Dione Protocol, its value propositions, and its burgeoning ecosystem.
Source: Dione Protocol
Dione Protocol is an EVM-compatible L1 blockchain with a highly modular architecture and a keen focus on resilience and scalability. It uses the Proof of Stake (PoS) consensus model, relying on a network of validators for securing the network and processing transactions. Those who can stake a required amount of its native token, DIONE can take part in the validation exercise or even delegate their stake to existing validators; thereby, earning rewards for their staking activities.
Additionally, the concept of subnet (subnetworks) is adopted to ensure security. Each subnet is synonymous with a standalone blockchain running with its own set of validators and customized rules that all its validators must abide by, thus, ensuring higher throughput for the network.
With the use of the Proof of Stake (PoS) consensus model, the protocol lowers its carbon footprint. This is in contrast to existing blockchain networks that use the Proof of Work (PoW) consensus mechanism.
Dione Protocol can process more than 5,000 transactions per second (TPS).
The transaction fee will be reduced with a high throughput. However, it increases when the throughput decreases.
Though the identity of the Chief Executive Officer is confidential, the other team members include Brandon Kokoski (Vice President), Maxim Prishchepo (Chief Technical Officer and the Head of Blockchain), Jacob Smith (Head of Website Development), Phil Needs (Head of NFT and Business Development), Azeem Saifi (Senior Development Manager), Stefan Kermer (Business Development Manager), Hristo Piyankov (Head of Data Science), and Parth Kapadia (Head of Energy).
Source: Dione Protocol
Dione Protocol has cultivated a network of strategic partnerships to enhance its platform’s service offerings and global reach. These collaborations encompass a range of industry leaders, including Energiekreislauf GmbH, a prominent player in the energy sector committed to decarbonization efforts. The partnership with Energiekreislauf GmbH fosters a long-term vision for developing innovative projects that integrate agriculture and solar energy solutions.
Dione Protocol’s partnership portfolio extends to several companies in the energy sector, with collaborations with IBC Solar, Green Energy, Hacken, DiamondSwap, Hashlock, and others. These partnerships aim to collectively strengthen the services provided by the Dione Protocol.
Dione Protocol allows users to participate directly in the energy market, thereby enabling them to access energy products at lower costs. This is done without intermediaries or middlemen, like in the traditional grid.
The Dione Protocol simplifies investor entry into the energy market using blockchain technology, making it easy for individuals and small businesses to participate. By simplifying processes, the Dione Protocol broadens access to renewable energy and opportunities for energy trading.
The project is still in production, and some of its services are not available for public use.
Integrating a decentralized physical infrastructure network (DePIN) with its technology can pose a major challenge to managing these facilities. Any glitch may significantly affect the protocol’s operations.
The success of the Dione protocol depends on the development and adoption of the Odyssey Chain. Hence, any technical issue with the Odyssey Chain would affect the protocol’s operations.
Since the Dione protocol is new, there is limited data to evaluate the performance and real-world impact of the project.
Dione ecosystem is built on its own blockchain, the Odyssey Chain, and all technological functionalities of the Dione Protocol work on this blockchain. Let’s take a look at some projects building on the network.
Source: Dione Protocol
The Odyssey Chain is a Layer 1 (L1) blockchain designed specifically for the Dione Protocol. It facilitates rapid transaction processing, robust security, and seamless scalability.
Source: Dione Protocol
Nebra is a decentralized energy trading platform powered by the Odyssey Chain allowing producers to sell excess energy directly to consumers without going through the traditional energy grid. This can lead to significant savings for both producers and consumers, thus, making renewable energy more affordable and accessible to everyone by connecting energy producers and consumers on a peer-to-peer (P2P) basis.
Source: Dione Protocol
Orion is the decentralized physical infrastructure network (DEPIN) of Dione Protocol. It is a remote validator designed to be powered by renewable energy sources that leverages the global satellite internet infrastructure provided by Starlink to achieve unparalleled connectivity, allowing it to operate seamlessly in remote and hard-to-reach locations.
Additionally, Orion is integrated with solar panels to harness clean energy from the sun, making it the first truly climate net-positive blockchain.
Source: Dione Protocol
Cross-chain bridge is a decentralized application (dApp) that enables the transfer of cryptocurrency from one blockchain to another. This feature allows for interoperability within the ecosystem. The cross-chain bridge is used for transferring cryptocurrencies such as USDC and DIONE across the Ethereum and Odyssey blockchains.
To be able to use the bridge, users need to connect their MetaMask wallet and fund it. They also need to input the amount of token to bridge, select the source and destination blockchain.
Source: Dione Protocol
Dione Wallet is a product built on the Dione Protocol that serves as a secure means of holding DIONE and other cryptocurrencies. Dione Wallet is the official wallet for the Dione Protocol that allows users to send, receive, and store crypto assets supported by Ethereum and Binance Smart Chain networks. The mobile application is available on Google Play Store and App Store.
The Nebra energy market, powered by the Dione Protocol, facilitates direct transactions between energy producers and consumers. This peer-to-peer approach empowers both parties to engage in business interactions. While the physical transfer of energy units occurs on the existing grid infrastructure, Nebra serves as the platform for financial settlements associated with these transactions.
Renewable energy producers connect their sources directly to the Dione Protocol. This network utilizes Orion, a decentralized physical infrastructure network, to remotely monitor and validate energy production. The details of this validated renewable energy are then listed on the Nebra marketplace. Here, interested consumers can discover and purchase the energy they require.
DIONE, the native token of the Dione Protocol, serves as the currency for transactions on the platform. A network of validators on the Odyssey Chain ensures the security and validity of these transactions. Finally, the purchased energy is delivered to consumers through the established grid infrastructure.
Dione Protocol utilizes DIONE, initially an ERC-20 token but transitioning to the Odyssey Chain. DIONE functions as both a utility and governance token, empowering holders to play a vital role in the protocol’s development. This dual role incentivizes participation and fosters a collaborative environment for shaping the Dione Protocol’s future.
DIONE has a total supply of 12,500 MM tokens. The token allocation is divided as follows:
Source: Dione Protocol
Source: Dione Protocol
Source: Dione Protocol
Being a digital currency and governance token, DIONE facilitates various functionalities on the platform including:
All payments such as transaction fees on the Dione Platform can only be facilitated using the native token, DIONE.
Dione Protocol leverages a Proof of Stake (PoS) consensus mechanism to secure its network. This mechanism empowers DIONE token holders to participate in transaction validation by staking their tokens. To become a validator, users must lock a minimum of 500,000 DIONE tokens for a period ranging from one month to six years.
The Decentralized Autonomous Organization (DAO) is ruled by member users who can use the DIONE token to vote on ecosystem development proposals. Voting on ecosystem changes will be done via vote-escrowed (ve) tokens.
Dione Protocol operates as a Decentralized Autonomous Organization (DAO), empowering its member users to shape the ecosystem’s development through a token-based voting system. Voting on ecosystem changes will be done via vote-escrowed (ve) tokens enabling members to cast votes on proposals that directly impact the platform’s evolution.
DIONE functions similarly to other cryptocurrencies, facilitating various financial transactions. This includes receiving and sending payments, enabling a broader range of economic activities on the Dione network.
DIone Protocol is well-positioned to revolutionize the green energy industry with its extensive ecosystem for green energy producers and consumers. Additionally, Dione Protocol is run by a very experienced team forming strategic partnerships that can position the project as a leader in the decentralized energy sector.
Thus, the future looks promising, with enormous prospects for good ROI, particularly during the bull market as adoption grows. However, it is pertinent to understand that cryptocurrencies are incredibly volatile, unregulated & highly speculative, with no consumer protection. Investors are encouraged to research and evaluate their risk tolerance before investing in the project because, like any investment, investing in Dione Protocol has risks. Thus, investing in any crypto project does not guarantee profit and could result in capital loss..
You can buy DIONE from centralized and decentralized cryptocurrency exchanges. For example, Gate.io offers traders the DIONE/USDT trading pair. To own the token, create a Gate.io account, and complete the registration process. Also, you need to fund your spot trading account and go through the steps to buy DIONE.
Check out DIONE price today and trade your favorite pair:
About 80% of the energy used globally comes from non-renewable energy sources. The dangers of using this energy source include the release of harmful greenhouse gases into the atmosphere and the creation of the greenhouse effect which causes global warming. To reduce the effect of these environmental hazards, there is an advocation for the use and mass transition to clean “renewable” energy sources. However, due to financial barriers—since investments in renewable energy are capital intensive—many investors are not finding it easy to transition into the sector.
Dione Protocol is a key innovation that tends to creatively remove the technicalities involved in the energy sector and bridge the gap between players in the green energy business. Dione Protocol is built on two premises: reducing the carbon footprint caused by the energy sector around the world and incentivizing retail consumers to become key stakeholders and run their energy businesses.
This article will explore the Dione Protocol, its value propositions, and its burgeoning ecosystem.
Source: Dione Protocol
Dione Protocol is an EVM-compatible L1 blockchain with a highly modular architecture and a keen focus on resilience and scalability. It uses the Proof of Stake (PoS) consensus model, relying on a network of validators for securing the network and processing transactions. Those who can stake a required amount of its native token, DIONE can take part in the validation exercise or even delegate their stake to existing validators; thereby, earning rewards for their staking activities.
Additionally, the concept of subnet (subnetworks) is adopted to ensure security. Each subnet is synonymous with a standalone blockchain running with its own set of validators and customized rules that all its validators must abide by, thus, ensuring higher throughput for the network.
With the use of the Proof of Stake (PoS) consensus model, the protocol lowers its carbon footprint. This is in contrast to existing blockchain networks that use the Proof of Work (PoW) consensus mechanism.
Dione Protocol can process more than 5,000 transactions per second (TPS).
The transaction fee will be reduced with a high throughput. However, it increases when the throughput decreases.
Though the identity of the Chief Executive Officer is confidential, the other team members include Brandon Kokoski (Vice President), Maxim Prishchepo (Chief Technical Officer and the Head of Blockchain), Jacob Smith (Head of Website Development), Phil Needs (Head of NFT and Business Development), Azeem Saifi (Senior Development Manager), Stefan Kermer (Business Development Manager), Hristo Piyankov (Head of Data Science), and Parth Kapadia (Head of Energy).
Source: Dione Protocol
Dione Protocol has cultivated a network of strategic partnerships to enhance its platform’s service offerings and global reach. These collaborations encompass a range of industry leaders, including Energiekreislauf GmbH, a prominent player in the energy sector committed to decarbonization efforts. The partnership with Energiekreislauf GmbH fosters a long-term vision for developing innovative projects that integrate agriculture and solar energy solutions.
Dione Protocol’s partnership portfolio extends to several companies in the energy sector, with collaborations with IBC Solar, Green Energy, Hacken, DiamondSwap, Hashlock, and others. These partnerships aim to collectively strengthen the services provided by the Dione Protocol.
Dione Protocol allows users to participate directly in the energy market, thereby enabling them to access energy products at lower costs. This is done without intermediaries or middlemen, like in the traditional grid.
The Dione Protocol simplifies investor entry into the energy market using blockchain technology, making it easy for individuals and small businesses to participate. By simplifying processes, the Dione Protocol broadens access to renewable energy and opportunities for energy trading.
The project is still in production, and some of its services are not available for public use.
Integrating a decentralized physical infrastructure network (DePIN) with its technology can pose a major challenge to managing these facilities. Any glitch may significantly affect the protocol’s operations.
The success of the Dione protocol depends on the development and adoption of the Odyssey Chain. Hence, any technical issue with the Odyssey Chain would affect the protocol’s operations.
Since the Dione protocol is new, there is limited data to evaluate the performance and real-world impact of the project.
Dione ecosystem is built on its own blockchain, the Odyssey Chain, and all technological functionalities of the Dione Protocol work on this blockchain. Let’s take a look at some projects building on the network.
Source: Dione Protocol
The Odyssey Chain is a Layer 1 (L1) blockchain designed specifically for the Dione Protocol. It facilitates rapid transaction processing, robust security, and seamless scalability.
Source: Dione Protocol
Nebra is a decentralized energy trading platform powered by the Odyssey Chain allowing producers to sell excess energy directly to consumers without going through the traditional energy grid. This can lead to significant savings for both producers and consumers, thus, making renewable energy more affordable and accessible to everyone by connecting energy producers and consumers on a peer-to-peer (P2P) basis.
Source: Dione Protocol
Orion is the decentralized physical infrastructure network (DEPIN) of Dione Protocol. It is a remote validator designed to be powered by renewable energy sources that leverages the global satellite internet infrastructure provided by Starlink to achieve unparalleled connectivity, allowing it to operate seamlessly in remote and hard-to-reach locations.
Additionally, Orion is integrated with solar panels to harness clean energy from the sun, making it the first truly climate net-positive blockchain.
Source: Dione Protocol
Cross-chain bridge is a decentralized application (dApp) that enables the transfer of cryptocurrency from one blockchain to another. This feature allows for interoperability within the ecosystem. The cross-chain bridge is used for transferring cryptocurrencies such as USDC and DIONE across the Ethereum and Odyssey blockchains.
To be able to use the bridge, users need to connect their MetaMask wallet and fund it. They also need to input the amount of token to bridge, select the source and destination blockchain.
Source: Dione Protocol
Dione Wallet is a product built on the Dione Protocol that serves as a secure means of holding DIONE and other cryptocurrencies. Dione Wallet is the official wallet for the Dione Protocol that allows users to send, receive, and store crypto assets supported by Ethereum and Binance Smart Chain networks. The mobile application is available on Google Play Store and App Store.
The Nebra energy market, powered by the Dione Protocol, facilitates direct transactions between energy producers and consumers. This peer-to-peer approach empowers both parties to engage in business interactions. While the physical transfer of energy units occurs on the existing grid infrastructure, Nebra serves as the platform for financial settlements associated with these transactions.
Renewable energy producers connect their sources directly to the Dione Protocol. This network utilizes Orion, a decentralized physical infrastructure network, to remotely monitor and validate energy production. The details of this validated renewable energy are then listed on the Nebra marketplace. Here, interested consumers can discover and purchase the energy they require.
DIONE, the native token of the Dione Protocol, serves as the currency for transactions on the platform. A network of validators on the Odyssey Chain ensures the security and validity of these transactions. Finally, the purchased energy is delivered to consumers through the established grid infrastructure.
Dione Protocol utilizes DIONE, initially an ERC-20 token but transitioning to the Odyssey Chain. DIONE functions as both a utility and governance token, empowering holders to play a vital role in the protocol’s development. This dual role incentivizes participation and fosters a collaborative environment for shaping the Dione Protocol’s future.
DIONE has a total supply of 12,500 MM tokens. The token allocation is divided as follows:
Source: Dione Protocol
Source: Dione Protocol
Source: Dione Protocol
Being a digital currency and governance token, DIONE facilitates various functionalities on the platform including:
All payments such as transaction fees on the Dione Platform can only be facilitated using the native token, DIONE.
Dione Protocol leverages a Proof of Stake (PoS) consensus mechanism to secure its network. This mechanism empowers DIONE token holders to participate in transaction validation by staking their tokens. To become a validator, users must lock a minimum of 500,000 DIONE tokens for a period ranging from one month to six years.
The Decentralized Autonomous Organization (DAO) is ruled by member users who can use the DIONE token to vote on ecosystem development proposals. Voting on ecosystem changes will be done via vote-escrowed (ve) tokens.
Dione Protocol operates as a Decentralized Autonomous Organization (DAO), empowering its member users to shape the ecosystem’s development through a token-based voting system. Voting on ecosystem changes will be done via vote-escrowed (ve) tokens enabling members to cast votes on proposals that directly impact the platform’s evolution.
DIONE functions similarly to other cryptocurrencies, facilitating various financial transactions. This includes receiving and sending payments, enabling a broader range of economic activities on the Dione network.
DIone Protocol is well-positioned to revolutionize the green energy industry with its extensive ecosystem for green energy producers and consumers. Additionally, Dione Protocol is run by a very experienced team forming strategic partnerships that can position the project as a leader in the decentralized energy sector.
Thus, the future looks promising, with enormous prospects for good ROI, particularly during the bull market as adoption grows. However, it is pertinent to understand that cryptocurrencies are incredibly volatile, unregulated & highly speculative, with no consumer protection. Investors are encouraged to research and evaluate their risk tolerance before investing in the project because, like any investment, investing in Dione Protocol has risks. Thus, investing in any crypto project does not guarantee profit and could result in capital loss..
You can buy DIONE from centralized and decentralized cryptocurrency exchanges. For example, Gate.io offers traders the DIONE/USDT trading pair. To own the token, create a Gate.io account, and complete the registration process. Also, you need to fund your spot trading account and go through the steps to buy DIONE.
Check out DIONE price today and trade your favorite pair: