BITLUMENS Illuminating Remote Villages

in #cryptocurrency6 years ago (edited)

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People in the rural villages use candle or lamp as source of light. Candle is one of the cheapest forms of light that has been used since ancient time over 5 000 years back. This is what people in remote rural villages use in this present day and era. Most rural areas do not have access to electricity, clean water and many other good things enjoyed in the cities. Bitlumens is out to change that by giving them a new life and hope. To provide them with alternative source of energy that is cleaner, safer and affordable than what they use. Remote rural villages with no power grid will be empowered with solar energy that will give them lighting and water.

"We will make electricity so cheap that only the rich will burn candles”

Quote is from Thomas Edison. Bitlumens is trying to do just that. It aims to improve the life of the rural people. Imagine a life where candles will be used for leisure and affluence (scented or fragrance candles) not because it is a necessity.

Bitlumens is out to help women in rural villages in Latin America by making available off grid electricity from renewable sources, taking the advantage of the block chain technology and Internet of Things (IoT). Bilumens will displace kerosene, wood or plastic in households that use them to their renewable source of energy. Bitlumens distributes solar power devices in areas without a power-grid and connects them to the block chain.

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Benefits of Bitlumens

  1. Converting solar energy: Radiant light and heat from the sun is God’s free gift to us and is in abundant it varies for different locations. Bitlumens will use its device and block chain technology to convert solar energy to electricity. People will get to use electricity just like those in the cities. Cook, heat their homes, charge their phones and other electrical appliances and most importantly live a better and more comfortable life.

  2. Power generation and access to electricity: The device produces clean zero emission electricity. According to the World Energy Outlook, 1.2 billion people don’t have access to electricity while 2.7 billion don’t have access to clean cooking. Only a small portion of rural inhabitants have access to electrification. Bitlumens technology will reduce the number of people that do not have access to electricity and clean cooking in the world.

  3. Solar watering pumps: With the Bitlumens's technology villages will be able to get clean drinking water for domestic consumption, for their livestock and water for their crops .Irrigation will be made easier.

  4. Alleviate Poverty: The Bitlumens’s technology will reduce the level of poverty by empowering the villagers. As third party agent are recruited to help in servicing the users. They will get more farm products through irrigation.

  5. Financial inclusion: Bitlumens platform requires KYC of users which are stored on the platform. It builds a credit store for its users since they pay their lease in installment payment. The credit stores show the number of default and its re occurrence. This record will help them get access to loan, save money and also expose them to various financial possibilities.

  6. Bitlumens will enlighten the people about crypto currencies. Bills are settled in BLS tokens on the platform, this creates digital currencies awareness. They get to know and convert fiat currency to BLS token in other to pay their bills.

  7. Remittance: Token can be bought and send through the app by family members to cover the expenses on the water and electricity bills. Bill payment could be in BLS or fiat currency. A family member that is into crypto dealings can send BLS to the family member or user uses his fiat currency to make payment. The plat form is made to accept fiat currency in exchange for BLS tokens.

  8. Reduce carbon emission: Bitlumens will reduce the rate of air pollution. Using of fire wood to cook and kerosene lamps indoor causes combustion of harmful particles that irritate the eyes s or other domestic accident like fire outbreak and burns from fire. Burning of woods or kerosene lamps emits carbon dioxide CO2. Burning of 20 kg of wood in a day emits about 200 grams of PM2.5 that equals smoking 10,000 cigarettes. With Bitlumens this environmental problem is eradicated and health hazard is reduced.

  9. Availability of solar panels: To generate renewable power from the sun, solar panels are made available for that purpose. The user does not have to go and buy solar panels but a kit will be issued by Bitlumens.

  10. Quality lighting: With the Bitlumens kit, users will get quality and quantity lighting. Solar energy Light Emitting Diodes (LEDs) light will replace candles and kerosene lamps. The use of LED lanterns reduces greenhouse emissions and operating costs.

  11. Provide employment: People will be empowered with the availability of electricity by venturing in to productions that requires electricity on the farm and more hands will be employed since they can use the solar panel in irrigation.

  12. Water and electricity bills can be covered from the profit of their businesses. This will reduce their cost and increase their savings.

  13. Availability of Data and security: Bitlumens software collects data and save it on the block chain. People can make available data to their banks for microcredit. This gives banks access to over one billion unbanked people. The users are in control of their data and decide who get access to use it.

  14. Build up credit scores: By using the devices, people build up credit scores. Banks can access the data by using Bitlumens own token BLS and use it to issue microcredit to those who needs it.

The Bitlumens Token BLS

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Bitlumens token is an ER20 token build on the ethereum platform.BLS tokens are functional utility smart contracts within Bitlumens platform symbolized by BLS. They give the user access bitlumens software. BLS tokens are non-refundable and are not for speculative investment. No promises of future performance or value are or will be made with respect to BLS tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that BLS tokens will hold any particular value. BLS tokens are not securities and do not represent equity in the company

Facts on Bitlumens Token

• The token is used to pay for the installments of their solar power device.
• The banks need BLS to access Bitlumens Software as a Service (SaaS) devices
• Family members can use the token to send remittances.
• Those that do not have access to internet to pay digitally their Solar Home System can buy through a collector who collects cash from them and purchase a corresponding amount of the tokens from the open market.
• The machines are leased for a period a period of 12 to 24 month
• If users receive remittances from family members to cover a lease payment, Bitlumens charges a 1% transaction free.

The Bitlumens Platform

The Bitlumens platform is a peer to peer operation system on the block chain protocol denominated by the crypto currency BLS token which is the means of payment. The Bitlumens hardware is to be leased to the women as Solar Home Systems (SHS) which allows them to pay in installments using the crypto coin the BLS token.

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The Solar System

The Solar Kit will initially use a 15/20/50W solar panel and 3000 mAh, Lithium Ferro-Phosphate (LFP) Battery. 3 systems are sold coming with different appliances, i.e. two USB charging ports; integrated dimmable LED lights; LED Backlit LCD TV; Radio and TV. The battery should last for 5 years and the system has a 2 years warranty minimum.

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The solar kit is connected to a smart meter and to the user’s cell phone. Programmable logic controllers (PLC) that allow the current to be measured are used. Several circuits are used to determine the voltage and current generation/consumption. Each sensor is connected to an analog-to-digital converter (ADC) in the Controller Hardware. At least one circuit at the Solar Panel input and another at the battery output are connected to calculate the value of power produced and consumed. The smart meter works LPWAN solutions for IoT, which can work for several kilometers distance. Sensors provide the data in the form of text messages examples available credit, battery availability, electricity consumed, lighting duration, daily cost and energy output.

Bitlumens TIMELINE

• 15/01/2018 - Start of first Pilot
• 01/03/2018 - Launch of Web and Mobile app in Beta
• 29/05/2018 - Bitlumens Pre-Sale
• 18/06/2018 - End of BLS Pre-Sale
• 19/06/2018 - Start ICO Sale
• 30/06/2018 - Launch of new Android app
• 16/07/2018 - End of ICO Sale
• 20/07/2018 - Trading BLS starts
• 01/08/2018 - Start of second Pilot

ICO- BLS Token Sale

A total allocation of 25 Million BLS Tokens will be available for the ICO Pre-sale a crowd sale. The BLS utility tokens are initially distributed in a Pre-Sale (Pre ICO) which starts on May 29 - June 18. 10 million tokens are offered during the Pre-Sale at a price of 2 BLS /USD. Only payments in ETH and fiat currencies are accepted. Any Tokens not sold in Pre-Sale will be added to the 15million BLS tokens available in the Crowd sale.
BLS costs in USD based on Sale Date

The ICO Crowd sale starts June 19th - July 17th. Starting at 1.5BLS/USD then gradually reducing to 1.2BLS/USD the last 14 days of the sale.
There is a hard cap of $25 million USD and the total supply of tokens is capped to 50,000,000 BLS. The smallest available denomination being 0.0001. There are Plans to be listed to several exchanges including Binance and Bancor (application in process).

You can get more information via links :-

Website : https://www.bitlumens.com/

Bitcointalk Announcement : https://bitcointalk.org/index.php?topic=3163931.0

Telegram: https://t.me/BitlumensNews

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