Bittwatt - Energy for the 21st century

Bittwatt Vision

envision a world of smart-consumers in a sustainable energy system with minimal costs for all parties.

Bittwatt Mission

mission is to be the first international platform to integrate and facilitate cooperation between all market operators for the benefit of the consumer

Bittwatt Goal

• creating a blockchain enabled energy trading market that is simple, transparent and delivers more value to all its users.
• expanding globally (London, Bucharest and Singapore being already under development).

Bittwatt business model

business model starts with active power suppliers for each participating country . in each country where Bittwatt is operational), being registered within the Bittwatt platform after successfully meeting a set of qualification and onboarding requirements.

As such, the main benefits brought by Bittwatt are:
• Cost reduction in comparison with other energy transfer systems;
• Transaction speed increses;
• Scalability (we give the possibility of expansion to a large number of participants/users/ transactions);
• Disintermediation (making business model possible that do not require intermediate parties)

TECHNOLOGY STACK

On top of Ethereum, Bittwatt have built Bittsatt services using Geth. Geth is a multipurpose command line tool that runs a full Ethereum node implemented in Go. In this case, it is running on a proprietary Linux server with no RPC/HTTP open ports. The communication, which involves Geth, is managed through a Python intermediary application and the Ethereum network.

THE TOKEN LIFECYCLE

• Payment for the products and services offered by Bittwatt;
• Settlement between produced and consumed energy for prosumers. Producers of energy also consume it by being part of the grid so we are balancing their consumption based on how much they pump in the grid against how much they take out;
• Foundation for the development of tokens used within certain geographies. We are aware that some of the countries using our platform need a currency for their internal trading flow. Therefore, based on BWT, new tokens will be built.

Token sale

the bittawat coin sale goal is 36,000,000.00$(US), and the minimum funding goal is 30,000,000.00$.1 BWT is 0.12$ in the token sale.The split of caps ,for bonuses and tokens availability in verios stages you can get graphical idea from table below.

They have planed to accept BTC,ETH and COSS during the sale and also sale contribution is 10,000.00

BWT intial supply is 400 million tockens and after they have split into six categories
• 300,000,000 tokens are sold during the ICO7;
• 40,000,000 tokens are reserved for the team;
• 20,000,000 tokens are reserved for advisors;
• 20,000,000 tokens are reserved for country advisors;
• 8,000,000 tokens are reserved as bounty;
• 12,000,000 tokens are reserved for country-level marketing; you can get graphical idea from chart below

under BUSINESS PLAN they have use 55% for expand the bittawatt business model to 30+ global markets,30% for bitawatt platform development,and rest 15% for integrate the bittawtt platform to the existing energy infrastructures across target markets.

BWT have electicity billing/payments/forecast under Products and SERVICES and the billing and payment processes they have already intergrated in the existing commercial platform

BWT have target their estimeted income Domestic 0.48$/month,Industrial 12$/month

balancing income they have plan 3% of total traded quantity by suppliers,producers and traders and a minimum of 50,000 consumers , this will generate a monthly income of 36.000$.

For More Information Visit
Website : https://bittwatt.com/

Whitepaper : https://bittwatt.com/static/files/Bittwatt-Whitepaper.pdf

Telegram : https://t.me/bittwatt

Facebook : https://www.facebook.com/energyforthe21century/

Twitter : https://twitter.com/BittwattPteLtd

Bounty : https://bountyhive.io/join/Bittwatt

Author details

Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1202306