DoRen (DRE) Price, Charts & Market Data

DRE is an ERC-20 utility token issued by the DoRen platform. It was the main transactional and reward token within the DoRen ecosystem and was used to facilitate the recording, incentivisation and mediation of renewable energy production data. The token name “Dokdo Renewable Energy” reflects the project’s branding around energy sovereignty and decentralised systems.

A total of 9 billion DRE tokens were issued, with approximately 97.78% (8.8 billion) allocated for mining rewards tied to platform activity and the remaining 2.22% (200 million) designated for sale.

DRE was part of a dual-token structure. Alongside DRE, the platform issued a stable token called DKT (Dokdo is Korea Territory), which was distributed as staking rewards and tied to platform activity.

DRE was used as a utility token within the DoRen platform to reward energy producers (small power plants) for supplying renewable energy data. These rewards were calculated using a proprietary consensus mechanism known as Proof of Energy (PoE), which assessed the real-time energy production and contribution of each node.

The token had several specific functions:

• Mining rewards: Distributed to nodes based on the volume and quality of data recorded on the platform.
• Staking: Users could stake DRE to receive DKT stable tokens and other incentives through the DoRen DeFi system.
• Transaction medium: Used for services within the ecosystem, including mediation of REC and SMP energy trades.
• Access to services: Participating in platform activities such as staking, P2P energy trading, and access to energy-related data.

As part of its technical roadmap, the DoRen project initiated the development of its own blockchain infrastructure to reduce reliance on external networks and better support its renewable energy data operations. The DoRen mainnet was designed to align with the platform’s decentralised goals and was optimised to handle real-time energy production data from small-scale power generators. The team implemented a custom consensus mechanism called Proof of Energy (PoE), replacing more energy-intensive algorithms such as Proof of Work (PoW).

A significant milestone was the launch of DoRen Mainnet Version 2.0, which introduced upgrades aimed at improving stability, scalability and security. This version also facilitated the migration of ecosystem participants to a more autonomous and tailored blockchain environment.

Alongside its proprietary mainnet, DoRen expanded to other blockchain networks to increase flexibility and lower user transaction costs. The project integrated with Binance Smart Chain (BSC) to take advantage of faster, low-cost transactions while remaining compatible with the Ethereum Virtual Machine (EVM). In October 2022, DoRen also launched support for the Polygon network, a Layer 2 scaling solution for Ethereum, to further improve performance and accessibility.

These multi-chain efforts were intended to broaden DoRen’s reach across the decentralised energy and DeFi landscape. However, despite these developments, public activity related to the project ceased in mid-2023. The official website now redirects to unrelated content, and no further updates have been issued since June 2023.

The DoRen project was developed by a team referred to as the “DoRen Foundation.” While specific individual names are not provided in the whitepaper or archived websites, the project appears to have been based in South Korea and aligned itself with government energy policies, including the Renewable Portfolio Standard (RPS). The Foundation planned to partner with small-scale energy producers and integrate support for international mechanisms such as the UNFCCC Clean Development Mechanism (CDM).

The roadmap indicates the project began in 2020, with key milestones including the launch of its dApp, wallet, staking functions, and eventual transition to a dedicated mainnet. Its last visible updates were made in 2022, after which the project appears to have ceased activity.