Grid+ (GRID)

Grid+ (GRID) widget

ICO date:
Industry: Trading
Description:

Leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets. It allows them to respond intelligently, which increases efficiency and decreases cost

Features:

- Creates economic incentives through market-based energy pricing and encourages adoption of distributed generation (solar panels) and distributed energy storage (batteries) - Encourages the adoption of distributed energy resources allowing more efficient utilization of existing grid infrastructure - Dis-intermediates parties who offer little value from the electricity supply chain, removing administrative and financial overhead, decreasing prices for consumers - The Grid+ Smart-Energy Agent is an always-on device that pays for your electricity in real time and always finds the best price available - Grid+ customers will prepay with US dollars, which are converted to BOLT tokens. The price of 1 BOLT will always be 1 USD and BOLTs are fully backed by deposits - GRID tokens are used to waive fees and give users extra privileges in the Grid+ platform and in the Grid+ Raiden hub

Technical details:

Grid+ will operate with a two-token model, with each token being ERC-20 compliant. The BOLT token is a stable-coin, redeemable by Grid+ customers for $1 worth of energy and backed by USD deposits. The GRID token allows Grid+ members to waive fees both on the Grid+ platform and when using the Grid+ Raiden hub. They may also be used to purchase new versions of the Grid+ smart-energy agent.

Website: gridplus.io
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.1 / 5.0
Risk score
Medium

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