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FAQ

Answers to frequently asked questions

What is the REX Coin Project?
REX Coin is a cryptocurrency and NFT project.
We have tokenized renewable energy credits and
built the first ever consumer oriented eco-asset
NFT marketplace.

You can also earn actual gift cards/credits for
your monthly electric bill by holding REX Coin.
We're essentially tokenizing energy gift cards for
your monthly electric bill. This comes in the form of
a discount code that you use when paying your
monthly electric bill online.

What is a Renewable Energy Credit (REC)?
A Renewable Energy Credit (REC) — also sometimes
referred to as a renewable energy certificate — is a
way to represent your investment in renewable
energy. When renewable energy is
generated by wind, solar, biomass, geothermal,
and certain hydropower sources, two things are
created: the actual electricity and the
environmental benefits associated with the fact
that the electricity was produced without burning
fossil fuels like coal or natural gas. RECs are the way
those environmental benefits or “attributes” are
tracked and accounted for. RECs are a way to directly
fund renewable energy that will be used in the electric
grid. When you buy a REX NFT you are directly
funding the generation of clean renewable energy.
A REC is created for each megawatt-hour (1 MWh
or 1,000 kilowatt-hours) of renewable electricity
generated and delivered to the power grid. This
allows us all to use less fossil fuels.

What is the REX Coin Mission?
Our mission is to tokenize renewable energy credits
and create the first ever consumer market for
renewable energy credits. Historically, it has only
been corporations that have bought and sold RECs
(Renewable Energy Credits). Not anymore! REX NFTs
allow everyday people to get involved in this
emerging market! Now individuals can get involved
for as little as $100 by buying one of our REX NFTs.
This will not only spread awareness of green
credentials and climate action efforts, but will
ultimately allow more renewable energy to be used
in our electric grid. We have also developed a
dApp/platform and marketplace so people can buy,
sell, and trade tokenized renewable energy credits.
It is called REX Mart.

You can earn actual gift cards/credits for your monthly
electric bill by holding REX Coin. We're essentially
tokenizing energy gift cards for your monthly electric bill.  
We have worked out a sort of rewards/gift card system
with power companies and energy suppliers all over the
world including the U.S., Central and Western Europe,
Asia, and more! These electricity credits that you earn by
holding REX Coin will be able to be redeemed directly with
your power company when paying your electric bill each
month. All you have to do is simply hold your REX Coins.
It’s that easy. You earn $1 towards your electric bill each
month for every 100,000 REX Coins that you own. If you
choose to add liquidity to our pools and stake your REX
Coins in our LP Yield Farms, you will earn $3 towards your
electric bill each month for every 100,000 REX Coins that
you own. The electricity credits will come in the form of a
discount code. You will just have to enter it when paying
your electric bill online each month. Join us on this journey!

Where can I buy a REX NFT?
We are listed on https://opensea.io/rexcreditnft

Which Network are REX NFTs on and How Do I
Buy?
REX NFTs are on Polygon, but our token, REX Coin,
is on Polygon, BSC, and Dogechain. You are able to
pay for REX NFTs with Ethereum. You will need ETH
to purchase REX NFTs on Opensea.io. If your ETH is
on the Ethereum network then you will need to
bridge it to Polygon. It is a very simple and quick
process that only takes a few seconds. Here is a
video and step by step instructions:
Click Here

How much energy does each REX NFT
represent?
Each REX NFT is 1,000 kWh of clean renewable
energy. When you buy a REX NFT you are directly
funding the generation of renewable energy to be
used in our electric grid.

Who gets the energy that is generated from
each REX NFT?
It doesn't go to a specific person. It is used in our
electric grid. This does wonders for our environment
since it's not more fossil fuels that leave a carbon
footprint.

Why should I buy a REX NFT or REX Coin?
There are many reasons, but we will go over the top
six.
1. Each REX NFT represents 1,000 kWh of
renewable energy that will be generated and used
in our electric grid. It's a real renewable energy
credit (REC) from TerraPass. You will receive a PCL
(product content label) that you can verify on the
TerraPass website and see a dashboard with
information and a breakdown of the renewable
energy that was generated.

2. REX NFTs are so unique and have such a great
utility/use case that we are confident others around
the world will see the value as well. We believe that
the value of each REX NFT will increase significantly.

3. In addition to the NFT, the actual underlying
renewable energy credit can also be sold for profit
to those looking to
offset their carbon emissions
or speculators betting on the value of energy credits.
REC swaps consist of trading RECs to profit from the
disparity between the buy and sell price; because
many states have varying RPS standards, this
increases opportunities to swap.

4. Each REX NFT holder will receive a weekly
airdrop of 2,500 REX Coins.

5. All REX NFT holders have access to an exclusive
REX Metaverse.

6. You can earn actual gift cards/credits for your monthly
electric bill by holding REX Coin. We're essentially
tokenizing energy gift cards for your monthly electric bill.  
We have worked out a sort of rewards/gift card system
with power companies and energy suppliers all over the
world including the U.S., Canada, Central and South America,
Central and Western Europe, Asia, and more! These electricity
credits that you earn by holding REX Coin will be able to be
redeemed directly with your power company when paying
your electric bill each month. All you have to do is simply
hold your REX Coins. It’s that easy. You earn $1 towards your
electric bill each month for every 100,000 REX Coins that
you own. If you choose to add liquidity to our pools and stake
your REX Coins in our LP Yield Farms, you will earn $3 towards
your electric bill each month for every 100,000 REX Coins that
you own. The electricity credits will come in the form of a
discount code. You will just have to enter it when paying
your electric bill online each month. Join us on this journey!

Is there staking or yield farming available for
REX NFTs or REX Coin?
Yes, we have partnerships with Apollo, Unicrypt,
Gysr, and Polaris DeFi. They are hosting our yield
farms for REX Coin on both Polygon and BSC.
You must add liquidity to our PancakeSwap pool,
QuickSwap Pool, or Uniswap pool. Then you can
add the LP tokens to one of our yield farms and earn
REX Coins. You will also receive free REX Coins just
for holding a REX NFT. Each REX NFT holder will
receive a weekly airdrop of 2,500 REX Coins.

How can I be sure that your NFTs are really
renewable energy credits?
All REX NFTs purchased from us are certified by
Green-e Energy.  You’ll receive a product content
label (PCL) with your order that you can verify on
the TerraPass website. TerraPass is the most trusted
and highly rated renewable energy credit supplier in
the world.

What is the REX Ecosystem?
In addition to the NFTs, we have launched a
dApp/eco-asset NFT marketplace for tokenized REC
buying, selling, and trading. We have also launched
an exclusive 'REX World' Metaverse for all REX NFT
holders, as well as a corresponding token that will
be used in the REX ecosystem. The token,
REX Coin, is on the Polygon network, BSC, and
Dogechain (via a bridge) and has many benefits,
staking, and reward options. The token is
airdropped to all REX NFT holders on a weekly
basis. 2,500 REX Coins per REX NFT owned are
sent to all REX NFT holders each week. We also have
a Polygon/BSC/Dogechain bridge for REX Coins and
REX NFTs. In addition to all this, we also have several
yield farms on Polygon, BSC, and Dogechain. We
created a Polygon/BSC/Dogechain bridge. We even
created our own REX crypto debit cards.

What is REX Coin?
REX Coin is our token on Polygon, BSC, and Dogechain
(we have a bridge). It is used in the REX NFT 
ecosystem. There are several benefits, staking,
and rewards options. REX Coin is airdropped
to all holders of REX NFTs on a weekly basis.
Each REX NFT holder receives 2,500 REX Coins
per REX NFT owned each week. The REX Coins are
distributed to the Polygon wallet that holds the
REX NFTs.

You can earn actual gift cards/credits for your monthly
electric bill by holding REX Coin. We're essentially
tokenizing energy gift cards for your monthly electric bill.  
We have worked out a sort of rewards/gift card system
with power companies and energy suppliers all over the
world including the U.S., Canada, Central and South America,
Central and Western Europe, Asia, and more! These electricity
credits that you earn by holding REX Coin will be able to be
redeemed directly with your power company when paying
your electric bill each month. All you have to do is simply
hold your REX Coins. It’s that easy. You earn $1 towards
your electric bill each month for every 100,000 REX Coins
that you own. If you choose to add liquidity to our pools
and stake your REX Coins in our LP Yield Farms, you will
earn $3 towards your electric bill each month for every
100,000 REX Coins that you own. The electricity credits
will come in the form of a discount code. You will just have
to enter it when paying your electric bill online each month.
Join us on this journey!

Where can  I buy REX Coin?
REX Coin can be purchased on the
NexDAX exchange here:
Click Here
Trading pairs are USDT (BEP20) and ETH. If you are
a US or Canadian resident you will have to use a
VPN to access this exchange. If you would rather
purchase REX Coin directly from us, you may do that
here:
http://rexcreditnft.io/components/pricing

What is the REX World Metaverse?
REX World Metaverse is an exclusive metaverse for
all REX NFT holders. Your NFT will act as your
membership card. You will be able to chat, hangout
and interact with other REX NFT holders, conduct
commerce, go to NFT galleries, participate in NFT
Auctions, and much more! It is constantly evolving
and improving.

What problems do REX NFTs Solve?
REX NFTs solve the double counting and fraud
problem with renewable energy credits. There has
been a problem with renewable energy credit issuers
selling/issuing the same renewable energy credit to
multiple customers. REX NFTs prevent this from
happening.

What is the REX dApp/Marketplace?
The REX eco-asset NFT marketplace, or REX Mart, is an
automated, decentralized, and scalable
marketplace that accelerates investment in clean
energy and climate solutions by making it faster,
cheaper, and easier to trade renewable energy
credits. We cater to consumers and commercial
clients alike. All tokenized RECs can be listed. It
won't be limited to our REX NFT renewable energy
credits. We will accept other projects after a due
diligence period and a verification process.

Is there a REX Coin Polygon/BSC/Dogechain Bridge?
Yes! Our REX Coin Polygon/BSC/Dogechain bridge
is hosted on our partner's website. We partnered with
Mulitchain to build this bridge. Click the link and
Just type in 'REX' and you will see REX Coin pop up.
Here is the link:
https://app.multichain.org/#/router

Have you locked any of your project tokens?
Yes! We have partnered with Mudra Manager and Unicrypt
to lock a total of 25% of our project tokens.


Where can I read the REX White Paper?
Here: Click Here

How can I contact the REX team?
You can contact our team here: Contact Us

Where can I follow REX on social media?
Here is the link to all of our social media channels: 
https://linktr.ee/rexcreditnft