I am developing an industry blockchain for green energy. This will be a blockchain that will accept, store and distribute information into an industry token.
The token will represent energy supply, which will grow due to halving and organic growth of the industry.
The condition for minting the token is charging the battery in local networks of the Virtual Power Plant storage systems.
Halving conditions - when the quantitative threshold of tokens in the network is overcome, it will be necessary to charge the battery with a larger charge of twice as much (kW) to mint the token.
The industry medium of exchange will be a global energy financial asset with guaranteed capitalization growth due to the growth of the collateral.
Thus, the token will serve as a bridge for the flow of financial capital into clean energy, and the energy itself will simultaneously receive the properties of money and a high-yield asset.
Startup Description
The startup Key Energy, Inc. is officially registered in the United States
(Delaware) in the form of a C Corporation.
I have registered the startup
under US jurisdiction as we are confident there are no conflicts with any
laws, particularly with the SEC. Energy Coin is not a security and fully
meets the criteria of a utility token or cryptocurrency.
Business Model
The business model will be similar to the blockchain developer model. This is the maintenance of nodes and receiving commissions in the blockchain network.
That is, we will receive tokenized energy for the first time globally. The market potential is global energy, and its growth is tens of percent per year. In combination with halving, this will result in progressively growing capitalization.
The adoption of such a tool is beneficial to the industry since clean energy participants are both producers and consumers - the token has an economic motivation due to the reliability of the provision and the growth of its provision.
Whereas, thanks to the blockchain and the integration of data on the capacity of all network batteries, energy receives a global market and capitalization in the global financial market.
After the release of the project, there is a serious prospect of connecting new storage systems for mining purposes, as was the case with Bitcoin. Therefore, it is difficult to estimate the size of capitalization, since the entire energy industry may be interested in connecting to the network. Including traditional energy.
It is possible to assess the unlimited growth potential of FireFly token capacity.
According to IEA statistics, the growth rate of clean energy generation exceeds that of all other sectors, including hydro and nuclear combined. Source: https://www.iea.org/reports/batteries-and-secure-energy-transitions/executive-summary
Customers
based in
Australia & New Zealand (Oceania), Latin America, Middle East & North Africa, Europe, North America, Southeast Asia, East Asia, Africa (excluding North Africa), India, South Asia
Business
Modal Type
Marketplace
Type of
Sales
B2B, B2C
Competitors
COMPETITION
Previous attempts to tokenize clean energy are not fully market-based, so none of these projects have gone global. They are mostly localized projects that are only viable with foundation or government support. In addition, they have not recognized the connection between the spot electricity market and the global financial market. These are mostly cryptocurrency projects with no obvious connection to the physical energy market.
A comparative analysis of several known energy tokenization attempts with Key Energy's FireFly project here: https://docs.google.com/document/d/1PI5oj2Qcmpldqn4KWCVbf9nrE4taEdjHeJyivMUGuvc/edit?usp=sharing
Teams
Magomed Kiev
CEO
Why did you decide to start this
company?
This is a unique project and the first startup that gives real and most significant value to the properties of money and a financial asset with high profitability. No one has done anything like this.
Are all the founders full-time on this
project?
Yes
Looking for an
opportunity to invest in companies
like Energy Coin?
