IOTA-based EnergieKnip app hits 100% within 13 days of launch

EnergieKnip, a coin created for the  municipality of Emmen, The Netherlands and based on the IOTA (MIOTA/USD) blockchain reached 100% with 13 days of its launch by Dutch-based BlockchainLab Drenthe, they tweeted.

What is EnergieKnip?

The EnergieKnip budget is claimed for now. The coin was created to help the municipality of Emmen save energy and allows locals to earn energy saving boxes for their home. These boxes contain LED lamps, draft strips, and radiator foil.

How does it work?

People fill out a few short surveys, earn points, and redeem them at a hardware store in the area. To do this, they get an EnergieKnip QR-code card in the mail, install the app, scan the code, and answer the questions.

Here are the steps, in a nutshell:

• Install the app
• Scan the QR-code
• Answer the questions
• Spend points

Anonymity is guaranteed

The app doesn’t collect personal data. The answers provided by participants about the energy management of their home aren’t connected to any personal data, including names and addresses. Data is collected per district or village in the municipality.

No personal info is required

In the app, the platform doesn’t ask for names, e-mail addresses, or telephone numbers. The QR codes are randomly distributed and the Dutch municipality only collects the totals depending on the location.

The collected data is published as open data. In the app, you can indicate whether you want to share data with the municipality.

Real world adoption of the IOTA blockchain

As Invezz wrote earlier this month, Drenthe introduced large-scale real-world adoption of the IOTA blockchain. EnergieKnip will serve as a local currency used to transfer data on environmentally friendly measures in local homes and reward homeowners.

Coins to fight climate crisis

Could a local token-based currency help fight the climate crisis? Drenthe is determined to find out through EnergieKnip, which launched earlier this January. It will be distributed to almost 49,000 homes over four weeks.

EnergieKnip is a historical development: the first local token currency developed using IOTA and a key example of the latter’s potential.

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