Welcome to the Future Project on Energy-Based Smart Trade Contracts.
http://www.apollochain.io/
hello all my friends. Greetings of peace and prosperity are always for you all. In this meeting I will discuss a future project that collaborates with Blockchain Technology, to get to a new energy era!
This project is named ApolloChain. Well, for more details about all the work procedures of this Future Project, let's follow my little notes below.
The beginning of the word.
Climate change drastically poses a major threat to our planet. Every day, both individuals, until the government begins to pay attention and try to make changes about how to consume energy. Since the industrial revolution has taken place, the power of large industrial owners has greatly monopolized market regulation. Throughout its history, until now, most people have no freedom to choose which power company to use. That is of course because there is only one option available, and controls all markets in the region.
However, the status quo has changed a lot because more and more countries are making changes with their energy market deregulation. So far, there have been around 35 countries that have carried out or are also in the process of deregulating the energy market.
Combined, these countries cover around 44% of the total energy produced worldwide. Among the countries that have deregulated the energy market are Australia, most countries in Europe, Canada, and some in the United States. In this case, we can continue to see other countries that will follow, violating the energy market monopoly in the future.
Another trend that has occurred is how fast the transition becomes a renewable energy source, such as solar and wind power. That is, people around the world finally have a choice. Not only which company can be used, but also what type of energy resources are desired for home use.
Introduction of the ApolloChain Project.
ApolloChain, one of the Blockchain-based companies, has given a lot of attention to this trend. ApolloChain then worked to further decentralize the energy industry. On this platform, a fully decentralized energy trade process is still ongoing, using intelligent contracts with the potential to revolutionize the way people use energy for their homes.
The mission of the ApolloChain Project in Decentralizing Energy.
While countries in the world are moving a lot to deregulate and use alternative energy sources, it makes sense to decentralize the energy industry by utilizing blockchain technology. This is what the ApolloChain Project is doing on its platform.
The Apollochain project is built with "Fiber" from the Skycoin platform.
This ApolloChain project is a new energy trading platform, allowing users to be able to exchange their renewable energy with each other. Smart electricity network or called Smart Grid, combined with IoT, AI, and also Blockchain Technology. So what many people call "Internet Energy" can be made.
With the ApolloChain Project, the owners of energy generators, wholesalers, institutional, up to individual electric consumers, can directly exchange energy with each other. One positive side, can reduce trade financing centrally, and also avoid losses from government prices.
The ApolloChain project is also more profitable for electricity generation. Because electricity generation can also increase capital funding liquidity by getting existing electricity crowdfunding. In fact, long before the construction of the power plant was carried out.
The ApolloChain project has the potential to deregulate, and decentralize energy around the world. Can reduce human dependence on the use of fossil fuels, and switch to using renewable energy.
The Future of the Energy Industry.
Renewable energy has been so drastic to be one of the fastest growing industries in the world. In fact, two decades later, renewable energy sources will take over large amounts of fossil fuels.
Based on the results of research conducted by KPMG, solar energy use in particular will jump to 330% worldwide in 2040.
ApolloChain Platform Ecosystem Project.
The main component of the ApolloChain platform is an energy trading platform built using blockchain technology. So that between buyers, sellers, and speculators can interact with each other using smart contracts.
That is, users can engage in combat with an absolute guarantee, that the parties involved in the transaction can fully complete all transactions automatically.
Below, you can see to illustrate how the ecosystem of the ApolloChain Project works :
Smart Meter in the ApolloChain Project.
ApolloChain users can install Smart Meter devices in their homes. This device is a smart power meter that can track data on electricity usage more legitimately.
With that data, smart electricity networks can be useful to reduce charging costs, show ways to reduce power usage, or reduce other costs.
users can easily see energy data used, and interact easily with Smart Meters. And, can transact only by using smartphone through ApolloChain application.
ICO from ApolloChain Project.
The total number of tokens that have been made amounts to 100,000,000 APL. The pre-ICO ApolloChain phase runs from 5 May 2018 to 15 June 2018. The minimum target for that phase is approximately USD 500,000, while its maximum target is approximately USD 1 million.
The Apollochain ICO public sign sales phase will be announced further. The minimum target in the ICO phase will be around USD 8 million, and the maximum target is around USD 20 million.
Token from the ApolloChain - APL Project.
In this platform, the tokens themselves are made called Apollo Coin (APL). The function of APL tokens is as electronic evidence of energy transactions carried out through smart electricity networks. The number of APL tokens distributed is positively related to the amount of electricity available and traded. This means that APL tokens will be gradually opened and distributed, according to the current transaction request.
Besides being used for trade between energy producers and consumers, APL can also be traded on the crypto exchange. Users will be more likely to buy and store APL tokens when the price of electricity in the market is low. Then sell when electricity prices rise. Conditions that indirectly will also help in stabilizing demand and the price of APL tokens on the secondary market.
Based on what is written on white paper, here is the distribution of the APL Token :
- Distributed in ApolloChain ICO = 40%.
- For community prizes = 5%.
- For PR and marketing = 20%.
- For the Founding Team = 30%.
- For Apollo Foundation operations = 5%.
To be able to store APL tokens, the ApolloChain Project also provides an ApolloChain Wallet that you can get here, and to clarify about the Apollo ICO Tokens and Tokens, you can immediately see two links here :
The Plan of the ApolloChain Project in the Next Five Years.
Year, 2018.
- Complete smart meter techniques.
- Launches First Microgrid Project in Australia.
- Access PV power plant data and start APP Testing.
Year, 2019.
- Installation of smart meter pilot.
- Test transactions for Microgrid project.
- Launch APOLLO Platform for Energy Trading and achieve the first electricity transaction on the mainet between PV power station owners and electricity consumers.
Year, 2020.
- API expansion and development.
- Online Business Energy Retailer Unit.
- Start a carbon trading pilot project.
Year, 2021.
- Microgrid project promotion extensively in Indonesia Australia and Southeast Asia.
- Globally building retail electricity networks.
- Broad government cooperation in electricity demand-side management in the region where APOLLO has a presence and operation.
Year, 2022.
- Achieve real-time residential electricity transactions in the global wholesale market.
- Develop EV charging stack & UAV charging heliport with AI technology and connect to Apollochain.
For more detailed information about the ApolloChain Project, you can immediately see through all the links below :
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