RECTOKEN by BlockEdge - International Renewable Energy Certificate

About Document

This White Paper presents comprehensive details about the RECTOKEN by BlockEdge project

The RECTOKEN White Paper presents the concept of using Blockchain technology to create an International Renewable Energy Certificate system that is transparent, reliable, and enables cross-border trading.

The project focuses on supporting Net Zero Carbon goals through creating an efficient renewable energy trading mechanism that is accessible and effective.

Executive Summary

Key Information from REC Token Whitepaper V1.0

Project Overview

REC Token is a Utility Token representing ownership of International Renewable Energy Certificates (I-REC) at a ratio of 1 Token = 1 MWh. Developed by BlockEdge Co., Ltd. to support Net Zero Carbon goals and enable transparent, verifiable cross-border renewable energy trading.

Token Information

Token Name

REC Token

Token Type

Utility Token (Ready-to-use)

Underlying Asset

1 Token = 1 MWh of I-REC

Blockchain

CO2e Chain (Layer 3 Optimistic Rollup)

Maximum Supply

100,000,000 Tokens

Certification Standard

The International REC Standard (I-REC)

Operational Structure

Verification & Issuance: Hydroelectric renewable energy projects submit generation data to Evident for validation and I-REC issuance
Custody & Aggregation: NetZero Carbon procures and transfers I-RECs to REDEX for secure custody in ReHash platform
Tokenization: BlockEdge mints REC Tokens at 1:1 ratio upon verification of locked I-RECs
Central Pool & Listing: Tokens can be deposited into Central Pool, converted to Pool I-REC Tokens, and traded on Licensed Exchange
Redemption & Burning: Corporate token holders can redeem tokens for I-RECs or Retire for ESG claims (minimum 100 tokens)

Key Partners

BlockEdge Co., Ltd. (Issuer)

Technology developer and official issuer of REC Token

NetZero Carbon Co., Ltd. (Asset Aggregator)

Strategic partner responsible for sourcing and vetting renewable energy assets

REDEX (Accredited Custodian)

Holds I-RECs in trust via ReHash platform

Evident (Official Registry)

Global registry platform for managing and tracking I-RECs

Valix Consulting Co.,Ltd. (Smart Contract Auditor)

Independent smart contract security auditor

Key Features

Traceability: Real-time tracking on Blockchain
Immutability: Tamper-proof records
Double Counting Prevention: Tripartite Synchronization system prevents duplicate claims
Cross-Border Recognition: Supports ASEAN cross-border usage under GHG Protocol Scope 2
Quarterly Audits: Independent third-party audits every quarter

Asset Whitelisting Criteria

✓Geographic Boundary: Projects must be located within Southeast Asia (SEA) region
✓Asset Exclusivity: Hydroelectric power only. No other energy types permitted
✓24-Month Validity: I-RECs must be valid for maximum 24 months from project certification date

Token Allocation

40%

Direct Corporate Distribution

Allocated directly to corporates funding initial asset procurement

60%

Liquidity & Market Stabilization Reserve

Reserve for exchange liquidity and price stabilization on Licensed Exchange

Redemption Options

Option 1: Receive Physical I-REC

Transfer I-REC to token holder's REDEX account

Option 2: Retire for ESG Claims

Burn tokens and receive Impact Certificate for Scope 2 Emissions reporting

Pricing Mechanism

REC Token Price = Base Asset Value (OTC) + Tokenization Platform Fee

Price fluctuates based on I-REC OTC market rates and tokenization operational costs

Risk Factors

• Regulatory Risk: Changes in digital asset laws and environmental standards

• Technology Risk: Smart contract and blockchain security vulnerabilities

• Market Risk: Price volatility and liquidity risks

• Operational Risk: Reliance on third-party partners (REDEX, Evident, NetZero Carbon)

Table of Contents

Whitepaper content structure

Part 1Executive Summary

Page 1-2

Part 2The Issuer, Management, and Ecosystem Partners

Page 3-5

Part 3Business Plan, Market Overview, and Pricing Mechanism

Page 6-10

Part 4Token Details, Mechanics, and Double Counting Prevention

Page 11-14

Part 5Redemption, Retirement, and Burn Procedures

Page 15-17

Part 6Technical Infrastructure and Security

Page 18-19

Part 7Risk Factors

Page 20-23

Part 8Legal Terms, Governance, and Conflict of Interest

Page 24-25

RECTOKEN White Paper