ETAINPOWER — The Blockchain-based Energy Ecosystem Powered by AI

cratortouch (31)in #blockchain • 6 years ago

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.

WHY BLOCKCHAIN?

Blockchain is an innovative internet database technology. It is an independent, decentralized, verifiable, and permanent database that coexists in multiple locations and is shared by the community. By design, blockchain is inherently resistant to data tampering. Because all records on the blockchain can be openly viewed by everyone within the platform, and each party makes records accordingly, once a transaction is recorded on the platform, it is verified by everyone within the platform. This makes it extremely difficult, and almost impossible, to falsify the transaction record.

Different from traditional contracts or agreements, Blockchain smart contracts define terms in the form of coding, automatically ensuring the implementation of the terms. The process of term definition and execution does not rely on involvement from any juridical entity, auditing organization or bank, so a smart contract can simplify the transaction process and reduce the transaction costs.

Traditional Venture Capital firms are familiar with conventional project financing. However, when it comes to the larger scale projects, such as public community projects, blockchain-based financing can provide a better solution. Blockchain revolutionizes project financing in many ways:

• Based on its unmodifiable characteristic, blockchain technology can build investors’ trust in the financing process on the platform.

• In the process of token financing, all details are publicly visible, so the process of raising capital is more transparent, and investors can get a clear view of the situation.

• All transactions will be monitored and recorded in real-time, making it possible to control the capital raising process.

Blockchain technology provides innovative solutions to these problems:

• Geographic limitations: Transactions on the blockchain platform are not restricted by geographical limitations. The renewable energy projects that need financing can quickly reach and negotiate with investors all around the world.

• Reliance on Financial Institutions: With the decentralized nature of a platform powered by blockchain, the transaction process will not be controlled by any party. All details are exposed so that both investors and borrowers can understand and monitor each step related to the transaction, bringing transparency and fairness to the process.

• Investor Concerns: Smart contract and blockchain are non-tampering. When an investor agrees to fund a project, the terms of the agreement are coded into the smart contract, and are then implemented automatically, eliminating concerns over breach of contract.

FEATURES

Tokenized Renewable Energy Financing

Multiple Usage of Our Energy Token

Continuous Value Growth of EPR Token

Intelligent Power Utilities

ETAINPOWER TOKEN MODEL

EtainPower platform has two tokens: the platform token (EPR) and the energy token, PowerPoints (PPS).
The two tokens are used together to achieve the AI-based energy trading platform powered by blockchain.

Renewable energy producers can issue PPS to investors to finance their projects. The actual value of the PPS equals the price of electricity the producers commit to delivering in the future. During the project financing stage, the 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.

Token Details

Token Name: EPR

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

Use of Funds

Proceeds raised from token sale will be used for the R&D of EtainPower platform, and the business development. The funds will be used as follows:

According to EtainPowers development plan, the 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 technologies and assets.

• 15% of the proceeds will be used for advertisement, branding and business development.

• 15% of the proceeds will be used for daily operating expenses such as office expenses, travel expenses, transportation expenses, conference fees, and office staffing costs.

ROADMAP

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 )