GreenPower is a hybrid cryptocurrency in a decentralized system of next-generation marketplace incentives. Hybrid cryptocurrencies are built on the limitations of both centralized and decentralized exchange platforms. GreenPower was created from a hard fork of DasCoin 2.0, which was developed by the hard fork of BitShares 2.0 using the Graphene Toolkit. Graphene is an open-source blockchain initially developed as the foundation of Bitshares.

GreenPower was built on blockchain technology Graphene with a unique hybrid consensus mechanism. Recently, it has been moved to the Ethereum network via an ERC-20 smart contract to seek to harness the strategic advantages.

The word green symbolizes growth, health, and sustainability. The same is with GreenPower, which aims to achieve all these qualities. From the start, the aim of GreenPower was to mainstream levels of global growth while maintaining optimal systemic health and delivering long-term operational sustainability. 

GreenPower's mission is to bring the benefits of decentralized finance (DeFi) to the mainstream. To accomplish the vision, GreenPower seeks to leverage state-of-the-art advancements in Web3 technology, thus serving as an anchor currency within the universal incentive system. Anchor currency is an internationally traded currency. The stability and value of a local currency are directly linked to the stability and value of foreign anchor currency.

GreenPower system aims to be easy to set up. Companies who participate in it can seek to increase profits and improve loyalty by connecting their customers to a universal system of blockchain-based loyalty points. The system enables virtual plug into the decentralized incentive system, thus seeking to benefit immediately.

GRN is the ticker symbol for the GreenPower token. According to the whitepaper, GreenPower's utilities can be enjoyed once the holder puts GRN into a noncustodial smart contract, a vault. GRN Vault seeks to offer the below-mentioned benefits:

GreenPower mainnet was launched on March 31, 2017. A fixed 3,294,166,501 GRN has been issued with no ICO or IEO, no pre-mine or presale, and no allocations to founders or management team.

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