The Blockchain-based Company With The Aim To Bring Solar Power and Water To Far-off Places With The Application of Internet of Things (IoT) - BITLUMENS
Hi friends, let me let you on an incredible news… It’s BITLUMENS, The Blockchain-based Company With The Aim To Bring Solar Power and Water To Far-off Places With The Application of Internet of Things (IoT)!!!
But before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it
What exactly is BITLUMENS?
Bitlumens is an ecosystem that distributes solar energy devices in areas where there is no access to electricity and connects it to block circuits. Using the device, people improve their credit score. Banks can access data using their own BLS BitLumens token and use it to issue microcredit to people who need it. Bitlumens is a blockchain company created to bring solar energy and water to rural and remote communities. The company's technology is powered by both blockchain technology and the Internet of Things. The company is registered in Switzerland. The company aims to provide social and environmental transformation for the people who need it and support the minimum feasible products (MVP) in Latin America. The company is registered in Switzerland.
The Goal
BitLumens’ goal is to create both good ROI in finance and measurable environment and social influence. BitLumens gathers KYC data (Know Your Customer data) for each customer while providing access to electricity and water worth renewable resources. BitLumens targets at providing solar energy in remote villages and hence contributes to reduce the emission of CO2 and health hazards, displacing kerosene lamps, disel generators, plastic, biomass and biofuels as lighting source, increasing customer savings, proliferating financial inclusion and in some cases providing employment.
BitLumens offers a digital platform which can be distributed, managed by consensus and off grid smart energy solutions in low resource households. With those purposes, BitLumens will contribute to the development of UN SDGs, especially Gender Equality and Climate Action, Sustainable Cities and Communities, Affordable and Clean Energy, Good Health and Well-being.
With the application of clean technologies to provide electric power, BitLumens is helping people in rural areas have a way to improve and their quality of life and businesses.
The Mission
The mission is to offer a peer to peer platform where users adopt PV systems to reduce carbon emissions and get access to lighting and water in places where there is no power grid or proper access to water. The platform allows the payment of the hardware in installments and using Bitlumens tokens (BLS). The system also allows microfinance and remittances in digital and fiat currencies while using the blockchain.
The Problem
All around the world, 1.3 billion people lack access to electricity. In Latin America, fewer than 1 out of 10 people do not have access to electricity. 23.2 million of 466.1 million people do not have electricity URUGUAY Haiti remains a regional outlier, with only 29 percent of its population — mostly concentrated in and around its capital, Port-au-Prince — having access. Haitians who have electricity receive power an average of five to nine hours per day.
The global warming forces us to come up with a new energy paradigm based on alternative sources that are less dependent on fossil fuels.
The Solution
BitLumens is a blockchain-based company registered in Switzerland with the aim to bring solar power and water to far-off places with the application of Internet of Things (IoT). BitLumens provides environmental and social transformation for people in need and provide MVPs (Minimum Viable Products) in Latin Ameria.
BitLumens is led by Veronica Garcia (CEO and Founder) who has experience as an investment consultant.
BITLUMENS, BLOCKCHAIN TECHNOLOGY AND IOT
Blockchain Bitlumens uses a combination of offline and offline data sources to calculate the credit score of ready-to-use farmers: digital IDs are not part of the blockchain but will be centralized. Each user can have his own ID and credit history. This information can be shared with third parties offering microcredit solutions, governments and development banks. Users can access microloans by paying a specific interest rate based on personal and behavioral variables. The main idea of the company is to bring a user and eco-friendly internet of things device to bring energy and water to places which are unbanked and do not have a power grid. The Internet of Things is the concept of connecting any device to the Internet and to other connected devices. The IoT is a giant network of connected things and people – all of which collect and share data about the way they are used and about the environment around them e.g smart microwaves, self- driving cars, wearable fitness devices. The agents of the company will install the hardware and collect the payments.
The company will use the app to collect information about the consumption of each client and know how much to charge for each one of the team. The company plans to use clean technologies to provide to rural communities which need to use kerosene, plastic, battery torches and candles as they do not have access to electric power. By using these devices, these people would have a way to improve their businesses and their quality of life. The company’s technology powered by both the blockchain technology and the internet of things will make it possible for people to use electricity, charge their electrical appliances and even water their crops.
How It Works?
BitLumens brings to users an eco-friendly IoT devices to supply energy and water to unbanked places which do not have a power grid. The hardware and collect the payments will be installed by the agents of BitLumens.
The company will use the application to collect information about the consumption of each user and know how much to charge for each one of the team.
The company has already started its first pilot program and its mobile app in beta phase. There is a second pilot test scheduled for the end of the first half of the year. The rest of the improvements made by the company will be mostly made until the end of 2018.
Facing this scenario, Latin America must face a triple challenge:
Achieve security of supply
Equity in the access to energy services
Environmental sustainability
BitLumens is the hero to help people who are living in the dark to access to the solar power electricty to improve the quality of life and head for a sustainable development future.
TOKEN SALE AND ICO DETAILS
The BLS token is an ERC20 utility token which aims to create social and environmental transformation. Please note that all proceeds are expected to be used in supporting the development of the software and MVPs that are currently placed in Guatemala.
Token Details
Starts June 19th 2018
Ends July 16th 2018
Token: BLS
Platform: Ethereum
Type: ERC20
Pre-ICO Price: 1 BLS = 0.0007 ETH
ICO Price: 1 BLS = 0.001 ETH
Total Supply: 50,000,000 BLS
Soft Cap: $1,000,000
Hard Cap: $25,000,000
BLS tokens are required to access credit score data from the 1.2 billion people who do not have access to electricity and bank accounts.
Villagers use BLS token to pay for electricity.
The BLS token is used to send remittances.
Anyone who needs a BLS token to access BitLumens services must purchase it from the open market.
ICO SCHEDULE AND RULES
Stage - Time - #of Tokens - Token Price
Pre ICO - May 28 - 30 - 10 Million4 BLS / USD (+ 40% Bonus)
ICO Day 1 - June1 - 3 BLS / USD
ICO Day 2-7 - June 2 - June 7 - 2.75 BLS / USD
ICO Day 8-14 - June 8 - June 14 - 2.50 BLS / USD
ICO Day 15-28 - June 15 - June 28 - 2 BLS / USD
Hardcap: In the equivalent of USD 25 Million
Only payments in ETH and fiat currencies are accepted. Bitlumens assists parties preferring to participate in the pre-ICO in fiat currency.
The final price will be determined one week before the start of the pre ICO reflecting the price movements of ETH until then.
The total supply of tokens is capped to 50,000,000, with the smallest available denomination being 0.0001.
Planning to list to several exchanges, including Binance *, after ICO.
*Application in process
The soft cap foot the Initial Coin Offering is $1 Million, However, the event will end early only after 15 Mil-lion BLS tokens have been sold. This total amount is based on the projected investment and funding that is needed for a period of three years.
TOKEN ALLOCATION
The total tokens supplied is capped at 50,000,000 and the smallest denomination available is 0.0001. This means the 15 Million BLS token that is expected to be used during the ICO is only 30 percent of the total.
Another 25 percent will be held by Bitlumens to prove liquidity to the secondary market. In addition to this, the team and advisors will be allocated 11.5 Million (23 percent) BLS tokens and 10 Million (20 percent) BLS will be allocated to private placement.
Finally, one million BLS token, which is 2 percent of the total supply will be allocated foot bounty services.
Allocation - Number of tokens (in million) - in%
Total - 50 - 100%
Pre ICO - 10 - 20%
ICO - 15 - 30%
Bitlumens - 17.5 - 35%
Team and Advisors - 6.5 - 13%
Bounty - 1 - 2%
USE OF PROCEEDINGS
Hardware - 35%
Legal - 2%
Wages - 35%
ICO Expenses - 2%
Software Development - 20%
Marketing and PR - 6%
Total - 100%
HERE ARE THE BENEFITS OF OWNING THE BLS TOKEN
Affordable access to safe, environmentally friendly and reliable electricity.
Access to microloans and other financial services for billions of people who do not have bank accounts.
Avoid the expensive remittance fees that are usually charged for micro-loans.
Each token represents a portfolio of microloans that is guaranteed by our hardware.
Contributing to the United Nations Sustainable Development Goals
ROADMAP
Bitlumens follows these milestones in Latin America:The deployment of 100 off grid solar devices by the end of April 2018 in Guatemala. We are already training the agents who are the distributors of the off grid solar devices.
Adding the software to run the hardware using BLS tokens by the end of May.
The deployment of IoT to track carbon and black carbon mitigation.
After June we will be adding solar pumps into operational locations.
MEET THE AMAZING TEAM AND ADVISORY MEMBERS
Veronica Garcia - CEO & Founder
Abdullah Salim - Marketing and Brand Strategist
Mohammad Backer - Blockchain Developer
Mihaela Ulieru - Big Data Expert, Advisor
ADVISORS
Jim Kyung-Soo Liew - AI and Data Management
Chia Hock Lai - Asia Business Development
Megan Kerins - Engineer
Ben Bunker - Business Development
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website : https://www.bitlumens.com/
WhitePaper :https://www.bitlumens.com/assets/bitlumensdata/White_Paper_June_2018.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3163931.0
Medium: https://medium.com/@bitlumens
Telegram : https://t.me/BitlumensNews
Bounty Telegram : https://t.me/bitlumensbounty
Facebook : https://www.facebook.com/Bitlumens/
Twitter : https://twitter.com/bitlumens
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.