Have you heard about the internet of things? Today we are going to review a company which uses this type of technology called Bitlumens.
What Is Bitlumens?
Bitlumens is a blockchain company which was created to bring solar power and water to rural and far away communities. The company’s technology is powered by both the blockchain technology and the internet of things.
The company aims to provide social and environmental transformation for people who need it and support Minimum Viable Products (MVPs) in Latin America. The company is registered in Switzerland. The CEO and founder of the company is Veronica Garcia, which has experience as an investment consultant.
How Does Bitlumens Solar Power And Water IoT Blockchain Work?
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 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 tokens will be used to access the platform. The Bitlumens systems use the Ethereum-based ERC20 tokens and the Ethereum blockchain to work. The tokens will work as a participation rights token which allows investors to support the development of the company and to take decisions but does not represent an equity in the company. The platform will work by consensus.
Also, the tokens will be purchased by farmers and people who live in the affected areas by the company’s program. They will be able to purchase power, electricity and water from the Bitlumens device.
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 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.
Bitlumens BITL ICO Details
Are you interested in becoming a Bitluments investor? You can invest in this company if you buy Bitlumens tokens during the upcoming Initial Coin Offering (ICO). The pre-sale will start soon, on April 26 and it will last for about a week, finishing on April 30. After that the main sale of the tokens will start. It will last from May 1 to May 28.
At the moment, the company did not release information about the price of the tokens during each phase of the sale. For more information, you should check our blog during the period of the ICO, as we will probably have more useful information for you then.
Is Bitlumens the right investment for you right now? That is somewhat hard to tell for sure. This company has still not released some information like the price of the tokens, so it can be hard to be completely sure if you should invest in this company or not. Because of this, it might be a good idea to wait for a while before you make your final decision about investing in this company or not.
In any case, Bitlumens seems like an interesting investment for you. The people involved in the company seem to know what they are doing and to be interested in making a good company which can help the people who need their help. Also, it looks like it can be a very profitable enterprise for you, so investing in Bitlumens seems interesting for the moment.
What have you decided? In any case, it would be a good idea to wait for some more time until you finally decide whether you should invest in this company or if it would be a good idea to look for another company instead of this one. Our blog will be always here to advise you, so be sure to browse for more options of interesting companies.