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SETNET

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Commodity-backed stable coins enabling clean energy exchange and production.

Overview

SETNET operates in the fintech sector by offering commodity-backed stable coins, specifically a virtual currency that is supported by clean energy. The company targets users of virtual power plants, allowing them to produce and exchange excess clean energy for goods and services through a virtual wallet. SETNET's mission is to enhance renewable energy production while linking a currency to this energy. The company utilizes blockchain technology to ensure security and traceability in transactions. Additionally, SETNET provides support for large users to meet renewable energy consumption quotas, distinguishing itself in the cryptocurrency market with a focus on sustainability.

Key facts

Founded
2017

Business model

Contact

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About SETNET

What does SETNET do?

SETNET operates in the fintech sector by offering commodity-backed stable coins, specifically a virtual currency that is supported by clean energy.

Where is SETNET headquartered?

SETNET is headquartered in Arizona City, United States.

When was SETNET founded?

SETNET was founded in 2017.

Which sector is SETNET in?

SETNET operates in Decentralized Finance, part of Financial Technology.

Who are SETNET's competitors?

Companies similar to SETNET include AvocadoCoin, GEMERA, and Uranium3o8.