The BNB-based Energy Token ($ENG) is a cryptocurrency belonging to the Energy Web Foundation (ENG). The Energy Web Foundation is an organization dedicated to building open-source operating systems for energy grids that can help in powering a zero-carbon economy.
The Energy Web Foundation developed the Energy Web Decentralized Operating System (EW-DOS), an open-source software pack that includes its Energy Web Chain, which functions on Proof-of-Authority. This blockchain is mainly used to facilitate transactions between assets, customers, grid operators, service providers, and retailers. $ENG is needed to make use of this blockchain.
