Unlimited Possibilities in Decentralized Energy & Power with Candela | CLA
Dear Reader,
Following existing protocols for excellence in delivering to you timely updates about blockchain developments, I am here to give you correct information about Candela. I want to introduce and bring you to understand Candela and the power you have engaging this platform. Let us enjoy this blog article as we lay hold of our right to understanding your part of Candela. Thanks.
Let me begin by first defining some terms we shall meet in this publication.
Candela Coin: is an utility token used in the decentralized energy markets between market players (energy producers and consumers) within the provisions of Candela Ecosystem.
Energy Exchange: This is platform where our different needs per time are met. In this way, buyers of a energy service pays with universally agreed service token to energy sellers with that particular token, say Candela Coin.
E-Wallet: is an electronic device or online service that allows an individual to make electronic transactions within any define network at a time, and where you safely keep or store your digitized assets, say CLA (Candela Coin)
Blockchain Technology: is the uninterrupted application of blockchain instructions through codes called Smart Contract. Blockchain technology can benefit and speed up the shift to solar energy. It fits perfectly well into the renewable energy sector as it allows direct peer-to-peer transactions between users, and offers transparency and local energy self-sustainability. This project aims to create truly decentralized solar energy across the globe made up of Individual or group of people producing excess solar power, instead of the power companies or middlemen. This will allow peer to peer production and transfer of solar energy. Utilizing blockchain technology allows us to create seamless production and peer to peer transfer of solar energy. We share many things with those in our community. There is constant exchange and interaction with those around us. The only thing we have not shared is the real thing required to make it happen: Energy.
Decentralized Energy: in this case, you will agree with me that energy middlemen like power companies get license to produce, transmit and distribute power at a charge to the communities of people depending on your energy coming rating and what category of energy consumer you are. This is centralized to middlemen and energy companies. But in the decentralized energy market, anybody can produce in excess and sell to his neighbor through a decentralized energy meter operation with blockchain technology from where the buyers and sellers transact with an utility token (CLA). As a seller that produce solar energy in excess, you sell to say, 100 households with CLA coins who pays with CLA token buyable on the Candela Exchanger to the seller’s wallet and activated via mobile app downloadable on your phone, with proof of payment automatically open the gateway for the free flow of energy into your house through your Candela-Energy meter integrated to your account(s). This will reduce disruptions caused by natural incidents from hundreds of miles away such as thunderstorm, hurricanes thus leaving you unaffected. While the rest of the city may lose power, your family and community(ies) will stay okay. Energy decentralization and democratization has come. Let us accept this development and embrace it.
DO YOU KNOW WHAT?
Across the globe, the energy consumers want security, comfort, profitable relationship, that assures promising future for energy production. A democratized energy marketplace is the path to achieve this , and the Candela Coin team has developed a model to spearhead this shift. Using Candela Coin “CLA”, we are imaging the contribution of the consumer in, and access to, increasingly open and competitive solar electricity markets. The demand is enlarging through generations. Of course, there is what you must know here that, the energy market is now facing challenges with its centralized conventional power stations and grid formulations that require high costs to maintain power stations and sub-stations, which infer higher service costs to the consumer. The current electricity and energy model will not be able to keep up with the increasing electricity demand with its centralized infrastructure and grid. Costs will rise every time. Projecting into 2050, it expected to have more than double in the levels of energy consumption. This calls for a shift in our thinking for a way out if we won’t run dry out and loose sway. A shift to decentralized solar powered microgrids made up of people, instead of companies, is what we should build, and that is where Candela comes in. We seek communities to create their own decentralized solar energy. Can you see where you play out?
With Candela coin, we will remove the need for large monopolies and power companies that control the price and power supply we rely on, thereby returning the power to the people, not taking the controlling power from the people.
Candela coin's goal is targeted to create a seamless single point of transaction for easy buying, selling, and storing energy. Why?
Because, the ideology of utilizing blockchain to decentralize power and energy sector is a new concept but not novel. However, there have been attempts previously to begin to take the challenge presented to us with the goal of democratization and decentralization of energy for all of us. So this is opportunity for impact for all of us, therefore solving a major problem waiting in the distant future, while we can develop it now.
Emphasis: Candela coin's goal is targeted to create a seamless single point of transaction for easy buying, selling, and storing energy with CLA coin.
This can be done by first removing the current infrastructure that keeps our nations tied to these corporations and entities. Candela offers innovative IoT (Internet fo Things) hardware that enables users to receive and store energy, while at the same time giving them a single point of seamless transaction to buy and sell energy ultimately empowering the people. Congratulations!
Candela's open-source ecosystem allow us (all people) to participate in this movement in every way possible. Here, everybody is a contributor. Candela coin is unique in that it allows users who are not producers to add liquidity to the energy market. By doing this we believe that we can truly democratize and decentralize energy.
Following Candela’s concept to decentralize and democratize global energy sector, and we want global communities to create their own decentralized solar energy station. Individuals will own their solar panels and can sell their excess energy to others within the community, hence saving cost of line transmission. We will see that people with solar panels, small and large, will be able to contribute electricity to the Candela system as it enlarges as the days go by. Imagine in the convention, centralized energy management system. If a user wants to sell their solar energy back to the grid, they are given cents on the dollar. Our solution would allow them to get more money for their solar energy as well as reduce the costs on purchases. Candela uses an IoT metering device that runs blockchain technology, giving it capabilities not currently available in many energy markets. First, it shows solar panel owners how much energy they’re producing, rather than having them trust the local utility to calculate the amount. The blockchain also enables the direct transfer of energy between users and spontaneously reduce the cost on such successful transactions. The community marketplace solution offers an inviting way for users in a community to buy and sell solar energy, hence also providing jobs as well. Users can easily make an offer, create a budget, or even sell their own power on the marketplace.
Readers, Let me say something that will spur you into acting right- in great ways that will change your life.
TOKEN ECONOMICS
Candela will use the ethereum blockchain to establish and manage a global network of energy market among participants. This also will establish location, security and proof of ownership. The Candela coin (CLA token) is an ERC20-compliant medium of exchange and will be used to attract consumers, producers and communities to the marketplace by requiring and incentivizing them to acquire and hold tokens. Producers and consumers will be rewarded for participating in local energy markets. Other market participants such as generators, aggregators and service providers can also acquire and hold tokens. Commercial agents can acquire and hold tokens both for themselves and on behalf of (and with the consent of) consumers and producers as they see value in the data transfer at the edge of the grid that they would not have access to without significant investment. CLA tokens will be redeemable for hardware and Candela IoT devices. They will also be used by consumers to purchase energy from producers and possible commercial energy suppliers as well. Producers will be compensated on a monthly basis just for producing solar electricity. They will be compensated in CLA tokens based on the amount of solar electricity they produce each month. We want to do our part to ensure a clean, green future. A fixed global supply of CLA will be minted, once, upon the Candela Coin launch event. CLA will be used to access and use mobile accounts and Candela-compliant hardware devices of market participants to enable them to participate in the network. CLA tokens will not be mined.
Full Name: Candel utility token
Short Name/Ticker: CLA
CorionX Token Total Supply: maximum 125 million, non-renewable
By participating in the token sale you will receive CLA tokens. The ICO hard cap will be three million dollars. We will issue 95,000,000 CLA tokens in the ICO.
For Advice or Further Study and information, kindly contact
CANDELA FOUNDATION
Website: https://www.candelacoin.com/
Telegram: https://t.me/candelacoindiscussion
Twitter: https://twitter.com/candelacoin
Facebook: https://www.facebook.com/Candela-Coin-111118247315246/
LinkedIn: https://www.linkedin.com/company/candela-foundation/
Reddit: https://www.reddit.com/r/CandelaCoin/
Instagram: https://www.instagram.com/candelacoin/
Youtube: https://www.youtube.com/channel/UCE4g5uz2tLyKe5xolPQzMNg
WHITEPAPER: https://uploads-ssl.webflow.com/5ee80918fa53c4dbf6968b3c/5f111ea74156e3098fb6874d_white%20paper%20(11).pdf
Other links (may be needed)
ICO Evaluators: https://icomarks.com/ieo/candela
AUTHOR INFORMATION
Name: Komolafe Samuel A.
Altcoinstalks Username: moneyafric
Proof of Authentication URL: https://www.altcoinstalks.com/index.php?topic=164348.msg913984#msg913984
Telegram: @moneyafric1
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