Tokenomics and Utilities of $PNMO Token

The $PNMO utility token is designed to be an integral part of the penomo ecosystem, operating at the center of Penomo's utility flywheel, creating a sustainable and interconnected ecosystem for renewable energy financing.

Why do we use the $PNMO Token?

Emerging markets have the highest adoption of crypto technology, where creating bank accounts is a massive pain. Communities not only need access to sustainable energy, they need to be able to own and secure the energy supply without reliance on Big Corp, and they need it now. We do not have the time to create a full banking infrastructure to enable.

Utility tokens act as the perfect mechanism to carry out governance of asset operations and carry actual access to energy as a utility among community members.

This forms a critical part of 'Social' & 'Governance' in ESG where it matters (Environment, Social, Governance).

Below is a step-by-step explanation of the flywheel, starting from the top left and moving clockwise:

[Image: Penomo utility token flywheel - circular diagram showing the token utility cycle]