EnergiToken ETK ICO: Energy Saving Reward System Blockchain?

As most environmentally conscious people are already aware of, there exists today a direct relation between personal energy consumption and its environmental impact. What this means is that, the lower the energy that is consumed by an individual, the lesser the amount of toxic emissions that are sent out into the atmosphere (by power plants).

Thus, each person can directly play a part in eco preservation by simply adopting simple lifestyle changes (i.e changing the way we commute on a day to day basis, turning off appliances etc).

About EnergiToken ETK

Energi is an all new ‘blockchain based environmental platform’ that aims to completely decentralise the current “global electricity market” that is estimated to be worth a whopping sum of $2 trillion. Sine these markets are governed by a handful of corporations, there is very little incentive for these companies to provide any sort of benefits to their customers. As a result of this, people are faced with ever rising energy costs, as well as lowered rebate bonuses.

Some of the key features of Energi Mine include

(i) Global Ecosystem:

Though the use of Energi, customers will have the ability to connect with independent energy creators, as well as receive token based bonuses (EnergiTokens) for “energy-efficient behaviour”.

(ii) Value Based Incentives:

As mentioned earlier, this system will employ the use of an incentive program for promoting “environmentally conscious” lifestyle changes. For example, customers will receive tokens for switching to public transport, reducing their individual energy consumption etc.

(iii) Payment of Bills:

The native currency (Energi Tokens) can be used for the payment of utility bills in a completely transparent and straightforward manner

(iv) Established Business Model:

According to market data provided by the company, they already own an energy market share of over $140m within the UK. They have over 1,100 affiliated offices within Europe, and are looking to expand operations to other remote/ developing countries in the coming future.

Who is Behind This Venture?

Omar Rahim serves as the CEO of EnergiMine. He possesses a strong background within the energy trading sector, and has previously worked with companies that have traded over $3bn worth of energy.

Similarly, Momin Hashmee serves as the company's COO, as well as its chief technical advisor. Momin has previously worked at Nokia as their “Global App Store Manager”. Lastly, Alain Richardt is the company’s CTO as well as its lead Ethereum engineer and cybersecurity expert. In terms of his previous experience, Alain has been associated with a wide array of digital giants such as Google, Big Data in the past .

EnergiToken ETK ICO Token Details

As mentioned earlier, this platform will be making use of a native currency called the EnergiToken (abbreviated as ETK). In all, there will be a total of 2,307,692,310 coins that will be available to users for purchase.

From a pricing standpoint, we can see that 1 Ethereum (ETH) = 30,000 Energi Tokens.

The token distribution scheme is as follows:

  • 65% of the entire pool will be available for public consumption during the sale period.
  • 20% has been set aside for company owners and team members
  • The remaining 15% will be to create a reserve (via which various incentive programs will be launched).

Allocation of Raised Funds

  • 62% of all raised revenue has been designated for the further development of the Energi Mine platform.
  • 24% of the revenue will be used for investing in various sales and marketing ventures (so as to improve company visibility internationally).
  • The remaining 14% will be used for hiring professional services so as to ensure optimal platform functionality and development.

For any further details regarding this platform, users can get in touch with company officials via the email address provided on the “contact us” page.

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