Meet EOL, an energy backed token.
EOL is a Digital Company living inside the #ethereum #blockchain. EOL is also our internal token and soon we will deploy our #smart-contracts and the investment plan. By getting EOL #token, each member will achieve ownership and reap profits from sold energy output generated by our first wind farm. Basically, the EOL holder will use a claim function inside his Mist wallet, claiming his quarterly/monthly amount of ETH or DGX(gold). Profits from sold #energy shall be transferred by generation plants directly to EOL, wherefrom such shall be converted into #ETHER and further distributed to token holders based on the smart contract, in a transparent manner.
Disparity of jurisdiction treatment of each plant shall not interfere with EOL company, that will act as an interface between physical assets and blockchain assets. Transfer of profits from plant to EOL company shall be made through an exchange marketplace, preferably a bank, that shall act as trusted partner sharing credentials with EOL. The bank partner shall host funds providing hosting security and managing regulations, while EOL will contribute to the digital security and distribution of sold energy profits as digital assets.
EOL company and the #power generation plant shall cooperate based on the joint venture principles, (production sharing venture). Majority of jurisdictions does not require the incorporation of joint venture as legal entity, operations of such partnership following to be implemented based on transparent binding arrangements. From such perspective, the partnership will allow both EOL and plant to access emerging markets (blockchain and power) and to gain scale of efficiencies by combing physical assets and digital operations in one project.