Apart from financial transactions, it is apparent that Blockchain technology is fast becoming an innovation for several industries irrespective of nature. The Green energy sector is an obvious beneficiary of blockchain technology judging from the particularly overwhelming number of ICOs present in the category. GRY IS Power is one such venture looking to create and provide for green energy solutions through the blockchain. Under the technology, the upcoming ICO hops to create a same source of energy for users apart from the traditional fossil fuels. Here's more on how GRY Is Power aims to make green energy tradable and as an investment.
What Is GRYisPower?
GRYisPower is an upcoming ICO looking to provide tokenized wind energy for users to benefit and invest. The ICO seeks to establish their wind turbines from where they can generate and share the resulting power. Under the blockchain ecosystem, GRYisPower will also provide a robust business model from where users can access the green energy options and pay for the services using the GRYisPower token (GRY)
How GRYisPower Blockchain Renewable Green Energy Works
GRYisPower delivers a revolutionary platform from where users can access the tokenized wind turbine energy. The initial ICO plan will work to channel the investment funds to building and to operate their wind turbines from where they can get the energy to sell. 40% of the power from the turbines go into the GRYisEnergy marketplace from where users can purchase them using the GRY tokens. The use of wind instead of solar energy is in line with GRYisEnergy construction location, which is Lithuania.
- GRY token holders and investors can carry out a due diligence process on the energy generation, and this makes the production process much efficient
- The creation of alternative green energy on the blockchain will allow potential users to buy from the supply using micropayments in GRY tokens
- GRYisPower also provides a catalyst for the use of green energy, and this could make an impact on the fight against excess energy consumption
- The flexibility that comes with GRYisPower is also beneficial since there is no use of energy certificates as the token representing the energy value a user gets to purchase online
GRYisPower GRY Token ICO Details
- Pre-Sale: 05/20/2018 10 a.m. – 05/27/2018 10 a.m.
- Token Sale: 05/27/2018 10 a.m. – 07/22/2018 10 a.m.
- MAY 20- MAY 27, 2018- 50 %
- May 27- June 10, 2018- 30%
- June 10- June 24- 25%
- June 24- July 8, 2018- 20%
- July 8- July 22- 10%
- Token- GRY
- Platform- Ethereum
- Pre-sale Tokens- 1,000,000 GRY
- Total Supply- 20,000,000 GRY
- Hard Cap- 15,000 ETH
- Soft Cap- 1000 ETH
- Sale Price- 1 ETH = 1000 GRY + BONUS
- Accepted Currency- Ethereum
- ICO sale– 80%
- Team- 10%
- Advisors and expenses- 10%
GRYisPower prides itself as a unique clean energy venture although this is still up for contention. Although the blockchain platform rides on the notion of having its wind farm, there is nothing to show at all regarding tangible or working products. Additionally, I do consider the development team as rather small compared to the magnitude of the project. All-in-all, GRYisPower offers nothing unique and this right out the project as not having the adequate viability for its future.