The InChain Token (ENRC)
InChain Token (ENRC) is the native utility token of the Energy Chain ecosystem, serving as the foundation for all transactions, governance, and project participation within the platform. ENC is designed to streamline the energy industry by powering the blockchain-based infrastructure that connects energy projects, goods, services, and payments.

Value Base
ENRC derives its value from the real-world energy projects it represents. Each token is linked to the progression and completion of tokenized oil, gas, and renewable energy projects. As these projects move through various stages—exploration, production, and completion—ENRC is awarded to participants, stakeholders, and service providers involved in the process. The intrinsic value of ENRC is directly tied to the assets within the Energy Chain network, providing a strong, energy-backed foundation.

Token Use
ENRC plays a pivotal role across multiple aspects of the Energy Chain:

Gas Fees: ENRC is used to pay transaction fees on the platform, including initiating smart contracts, tokenizing assets, and executing project milestones.
Governance: Token holders can stake ENRC to participate in governance decisions, influencing project approvals, platform upgrades, and ecosystem policies.
Project Rewards: Companies and stakeholders earn ENRC for advancing projects from inception to completion. As projects move through lifecycle phases, participants continue to receive tokenized rewards.
Staking & Yield: ENRC can be staked by participants, allowing them to earn additional tokens as rewards for securing the platform and contributing to network consensus.
Trajectory to Currency
ENRC is designed to evolve beyond its initial utility phase into a widely accepted digital currency within the energy sector. This trajectory is built on three key stages:

Utility Token: Initially, ENRC functions as the core medium for transactions, rewards, and governance within Energy Chain. Its value grows as more energy projects are tokenized and completed on the platform.
Value Pegging: Over time, ENRC will become pegged to a dynamic index that averages the prices of various oil and gas grades on a streaming basis. This ensures that ENRC reflects the real-time value of energy commodities, establishing it as a robust store of value.

Currency Status: As adoption scales, ENRC will transition into a full-fledged currency, allowing companies and stakeholders to use it for purchasing energy commodities, goods, and services both within and beyond the Energy Chain ecosystem. This progression will enable ENRC to be accepted globally as a stable, energy-backed cryptocurrency that can be seamlessly traded or exchanged for fiat.

The Future of ENC
ENRC’s journey from a project utility token to a globally recognized currency is designed to empower participants within the energy sector, increase liquidity, and create a decentralized marketplace for energy assets. As the platform scales, the value of ENRC will be driven by the completion of new and legacy projects, fostering long-term growth and widespread adoption.

Energy Chain envisions becoming a cornerstone of the energy economy, enabling seamless, trustless, and transparent transactions across the entire energy lifecycle.