Simmitri continues building on strong community relationships as we move forward into the 21s​t​ century. SIM is the economic bridge that will fast track such relationship, providing a self-sufficient and decentralized network powered by artificial intelligence (AI), communicated through Internet of Things (IoT) and audited by blockchain technology.

By acting as the gateway between the utility providers and the home's devices, users receive requests from utility providers to cut consumption and will automatically conserve energy based on unneeded usage at that time. The memory is then logged into ​Simmitri’s ​database on where, how and when the nodes in the network became more energy efficient.
The SIM token is a cryptocurrency incentive that is received in a smart energy economy in which the grid becomes more efficient. To become more energy efficient, Simmitri is developing a "smartbox" which is powered by Artificial Intelligence (AI), communicates with all energy-demanding devices and audited through blockchain technology. SIM is an Etherium-based ERC20 compliant token that serves as the utility of the blockchain. Using the Ethereum blockchain, SIM leverages the commonly used public ledger to have no central point of failure and to create security through cryptography. The SIM token is a base currency in the exchange and ​allowed to provide the electric load reductions as a ‘bid’ in a wholesale energy market.​

The tokenized reward system pays users a ratio of ​SIM to Negawatts​ in order to reward consumers for becoming energy efficient as well as additional tokens for Prosumers who generate power. In having a platform for users to trade their SIM tokens for other options such as; USD, Renewable Energy Certificates (RECs), carbon credits, other energy tokens and various Home Energy Management Systems (HEMS) products and services, we create an economy with a culture that balances profits with common goals.
Negawatt power is a theoretical unit of power representing an amount of electrical power (measured in watts) saved. The energy saved is a direct result of energy conservation or increased energy efficiency. A Negawatt market can be thought of as a secondary market, in which electricity is allocated from one consumer to another consumer within the energy market. In this market, Negawatts could be treated as a commodity. Commodities have the ability to be traded, which would allow Negawatts to be incorporated in the international trading system. Roughly 10% of all U.S. electrical generating capacity is in place to meet the last 1% of demand and there is where the immediate efficiency opportunity exists.

On March 15, 2011, the Federal Energy Regulatory Commission (FERC), the agency that regulates the U.S. electrical grid, approved a rule establishing the approach to compensation for demand response resources (DER) intended to benefit customers and help improve the operation and competitiveness of organized wholesale energy markets. This means that Negawatts produced by reducing electrical use can demand the same market prices as real megawatts of generated electricity.
Through partnerships, SIM tokens can be used as a currency for various options;
1. Bill payment to utility provider for power usage
2. Upgrades from HEMS products and services
3. Trading SIMs for RECs, carbon credits and other energy products
4. Zero-fee transactions on the SimCloud Platform
A Prosumer is anyone who produces energy resources as well as consumes it. This company, or individual will be able to take advantage of the system as their own utility grid, producing tokenized energy for sale to their local community as well as be incentivized to conserve energy, earning SIM for their own behavior modifications.