PROSUME Energy Foundation

PROSUME Energy Foundation presents a blockchain-based platform that will foster peer-to-peer energy exchanges

The foundation believes in the power of connecting people through blockchain technology to develop new energy community models and it’s now appealing to the support of everyone through a pre-ICO starting the 27th of September, 2017

Zug, September 25, 2017 – Rethinking existing energy models, paving the way for a network of communities and creating new ways to share energy sources: these are the ideas behind PROSUME Energy Foundation, founded in Zug, Switzerland, the heart of the Crypto Valley, by professionals with a strong and long-time experience in the energy sector as well as in blockchain technology.

The Foundation has developed a new revolutionary platform to exchange electricity from renewable and fossil sources. It connects independent power producers, consumers, innovative utility companies and energy communities in a locally shared market where each peer is free to interact in a multi-tenant ecosystem.

The mission of the Foundation is to promote decentralizing power models and empower energy communities through blockchain technology and the implementation of peer-to-peer energy exchange policies targeting possible solutions for all existing physical and legal energy framework barriers, investing in Research & Development to offer innovative hardware and IoT-devices related to smart metering, smart grid, energy routers and devices.

PROSUME is based on 3 main pillars: decentralization, digitalization and decarbonization. Blockchain was the tool selected for the Foundation's mission, because this disruptive technology combines IT with cryptography and governance principles to create a safer, more resilient and transparent place where individuals can be independent in choosing their own energy sources.

In order to support its project and mission, Prosume is launching a pre-ICO based on upgradeable ERC20 derivate Token named PEF Token on the Ethereum platform, the industry standard for issuing custom digital assets and smart contracts. Its ease in the use by everyone let Ethereum be the perfect solution for an Initial Coin Offering.

Because the platform deals with many of today’s problems and opportunities related to the energy sharing sector, like support for regulation frameworks, fair policy pricing, network balancing, smart payment and smart billing, the advanced features and active ecosystem of Ethereum make it the natural fit for Prosume. Ethereum’s ability to deploy smart contracts enables complex issuance rules for cryptocurrencies, digital financial contracts, and automated incentive structures.

“We strongly believe in the sharing energy model based on the peer to peer exchange system, for this reason PROSUME platform has as its main goal to be the most innovative place to develop energy communities, in order to give everyone the possibility to exchange energy in a more transparent, traceable, accessible, flexible, resilient and sustainable way,” affirms Alfredo Giardina, co-founder of PROSUME Energy Foundation.

Pre-ICO will start on the 27th of September 2017, providing early adopters and strategic partners the chance to exchange tokens for ETH or BTC or LTC with a significant Bonus, starting at 47 %.

The main ICO will last for 4 weeks, with a different bonus rate every week limited to a certain size.

The ERC20 token interface allows for the deployment of a standard token that is compatible with the existing infrastructure of the Ethereum ecosystem, such as development tools, wallets, and exchanges.
The tokens accepted for the pre-ICO are ETH (ethereum) BTC (bitcoin) and LTC (litecoin).

The PEF Token will be upgradeable using an opt-in mechanism for future upgrades and it will be non-transferable until the ICO ends. The ICO contract will have a limit of 50000 PEF Tokens in order to facilitate a uniform ICO process. Multiple transactions are allowed.

“Several energy companies from all around Europe have already showed a keen interest in this project and PROSUME is now negotiating eight different pilot projects. The upcoming pre-ICO will be the perfect opportunity to let everyone take active part to this great revolution. We really do believe in the power of sharing energy as this is the best way to empower yourself and gain your independence” continues Mr. Giardina.