A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, EtainPower, a renewable energy financing and trading ecosystem empowered by both blockchain and AI technologies has arrived.
Now that I have your attention, let’s get right to it.
The increasing use of non-renewable energy sources has placed large pressure on the restricted reserves of the resources on the world. Once people began to feel the harmful effects of those activities on the world and their way of life, they began the look for alternative non-harmful and renewable resources of energy. We have unceasingly found ways in which to harness the energy sources for our survival. Energy is that the supply of life on earth, and it's one among those things that have created a survival of human population on the world potential. We've been prosperous in developing several of the renewable energy sources into our daily application.
What exactly is ETAINPOWER?
Quoted from the Etainpower website, EtainPower is a renewable energy financing and trading ecosystem empowered by both blockchain and AI technologies. Backed by a team of top-tier engineers from Silicon Valley, we introduced a groundbreaking blockchain architecture to tokenize global renewable energy assets, allowing them to be traded rapidly and freely through our highly decentralized blockchain technology platform in a fast and safe way.
Etainpower is an ecosystem that is based upon Blockchain technology helping producers of renewable energy overcoming financing project hurdles. This platform is the first ecosystem for creators of renewable energy and investors. This will be a demystifying sector of renewable energy as it is connecting investors and producers transparent, democratic and decentralised way. With the help of this smart contract and Blockchain technology, Etainpower will be tokenising renewable energy revenue and stimulating financing projects for producers of renewable energy. Etainpower, as you know, is decentralised, transparent and fair financing ecosystem that will be reducing costs of financing and improving financing project efficiency by leading renewable energy global expansions.
This platform is going to become an ultimate channel for investors for accessing and investing in projects of renewable energy. Etainpower will be conducting because of diligence ensuring project quality and benefits of investors. The project investors can change energy tokens to etainpower tokens or use tokens for buying services within this platform.
Etainpower is leveraging artificial intelligence technology for enhancing the renewable energy grid connections. This platform is using AI for optimising connectivity to the renewable energy network. It will be eradicating difficulties experienced by the power grid operators by operators for balancing power generation and load when numbers of renewable energy projects are grid connected.
EtainPower aims to create a financial and commercial ecosystem with renewable energy enriched with well-known blockchain and artificial intelligence.
The project was formed by the Silicon Valley Phase 1 engineering team of Steven Silicon Valley and incorporates an innovative block chain architecture to integrate maximum power renewable energy resources. A highly customized block chain technology platform enables fast and secure exchange.
The Solution EtainPower offers:
ETAIN POWER is developing solutions for the community and firms to utilize the facility of renewable energy sources. The project will be supported by the investors across the globe, and also the good contract primarily based rules and laws are outlined on the platform. The two tokens launched by the platform are used for the assorted functions. The EPR (Platform token) and PPS (Power Points) token are used by the contributors and project producers on the platform.
One among the most tasks of the platform is to encourage crowdfunding model of finance renewable comes. The pilot comes are being launched within the Bermuda and Antigua for a range of reasons, appreciate lower renewable energy usage and wide scope for growth. It provides a chance for the renewable energy comes to be supported and commenced in order that the worldwide participation will turn up.
Utilizing the facility of blockchain technology, they are providing ascendable and clear solutions for renewable energy production and utilization. People who want to contribute to the renewable energy project can purchase the PPS Tokens utilizing their EPR token. There are multiple use cases of each of the tokens, appreciate shopping for electrical power, electrical vehicle and blockchain primarily based small grid.
Transfer cheap electricity to the folks by utilizing the newest technology and renewable energy sources are that the final objective of the platform. Many countries have taken nice steps and strides to combat the deficiency of non-renewable energy supplies and promote the renewable energy source.
Hоw EtainPower Rеnеwаblе Energy AI Trading Blockchain Works
Etаinроwеr iѕ сrеаting a source fоr renewable еnеrgу fоr people аll over thе world. The rеѕult оf the gоvеrnmеntѕ оf thе world hаving a dеѕirе to сrеаtе new еnеrgу ѕоurсеѕ hаѕ caused thе сrеаtiоn оf Etainpower. Thеу аrе seeking to imрrоvе rеnеwаblе еnеrgу resources and hеlр реорlе mаkе mоnеу whilе doing ѕо. Bесаuѕе еvеn thоugh there have bееn a mаjоritу оf imрrоvеmеntѕ, there are ѕtill a lоt of рrоblеmѕ occurring.
Thе need fоr rеnеwаblе rеѕоurсеѕ vѕ. fоѕѕil fuels iѕ еxсерtiоnаllу high thеѕе dауѕ. Mоѕt рrоduсеrѕ of rеnеwаblе еnеrgу аlѕо wаnt tо decrease thе price of thе initiаl invеѕtmеnt tо hеlр mаkе it mоrе rеаliѕtiс, рluѕ аt thе same timе help рrоfitѕ increase.
Invеѕtоrѕ who wаnt tо ѕtаrt with rеnеwаblе еnеrgу will hаvе a better сhаnсе with Etаinроwеr, rаthеr than with thе government run subsidy еnеrgу рrоjесtѕ. Etаinроwеr mаkеѕ it much еаѕiеr tо invеѕt intо rеnеwаblе еnеrgу sources whiсh is bаѕiсаllу whу thеу ѕtаrtеd in thе first place.
Etainpower Token Sale and ICO
EtainPower platform has two tokens: EPR (platform token) and PowerPoints (PPS, energy token), the two tokens are used together in the blockchain-based energy ecosystem powered by AI. Renewable energy producers can issue PPS and complete project financing via the EtainPower platform. The actual value of the PPS equals the price of electricity the producers commit to deliver in the future. During project financing stage, renewable energy producer sells electricity to investors in the form of PPS, at a price lower than the actual value. The value of PPS will be activated when the project generates revenue. One can buy PPs tokens with ETH or fiat money and ERP tokens.
Total Supply: 10,000,000,000 EPR
Token for Sale: 3,500,000,000 EPR
Exchange Rate For Token Sale: 1 ETH = 65000 EPR
Soft Cap/Hard Cap: 3.0 Million USD/20 Million USD
Main Token Sale Date: July 2018
Period of Token Sale: 30 days
Token Distribution and Allocation of Funds
Total of 10,000,000,000 EPR Tokens will be created on the platform during which 35% of the tokens will be reserved for the general public sale. 45% of the funds are used for the event of the platform whereas 15% of the funds will be used for the marketing. The team acting on the project has years of expertise within the fields of startup and engineering science.
Use of Funds
Proceeds raised from token sale will be used for the R&D of EtainPower platform, and the business development. The fund will be used as follows: According to EtainPower development plan, the proceeds of funds will be used as follows:
45% of the proceeds will be used for the EtainPower platform and ecosystem development.
10% of the proceeds will be used for legal compliance with the energy sector requirements.
15% of the proceeds will be used to acquire other energy blockchain technology and assets.
15% of the proceeds will be used for advertisement, branding and business development.
15% of the proceeds will be used daily operating expenses such as office expenses, travel expenses, transportation expenses, conference fees, office staffs and servers, etc.
Q3, 2017. EtainPower officially started
Q2, 2018. Sign contract with Antigua power utilities
Q3, 2018. Wallet PPS 1.0
Finalizing auditing criterion for project financing
Q4, 2018. PPS Crowdfunding Platform.beta
600MW Energy projects contracts signed
Q1, 2019. Crowdfunding Platform 1.0
Q4, 2019. Raising capital for 4 GW projects
Q1, 2020. Releasing P2P trading applications
EV-rental & EV-Charging services
Q2, 2020. PPS 3.0 ( Microgrid )
Smart grid development
Q4, 2020. Smart grid system 2.0
Rasising Capital for 16 GW projects
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.