Indeco – IndeCoin Energy & Environment Cryptocurrency Asset?
The rapidly developing blockchain ecosystem has created an environment that allows for unparalleled innovation. For the first time in history, it’s now possible for absolutely anyone with the technical know how to create an alternative currency that is not restricted by the governance of traditional financial institutions.
2017 has brought us many initial coin offerings that have disrupted a wide range of industries. The first quarter of the upcoming year, however, is set to offer the world a brand new wave of highly promising crypto platforms, one of which is the Indeco project.
Announced at the Token Summit at the beginning of December, Indeco is set to be the world’s first crypto asset pre-sale that conforms to the SEC’s parameters for Regulation Crowdfunding, or Reg CF. The new SEC Reg CF allows virtually anybody to invest in a range of different securities offered by start up organizations.
What is Indeco?
Indeco is a fairly complex project, and is aiming to develop an independent blockchain based ecosystem that leverages crypto to affect positive societal, environmental, and economic change. To achieve this, Indeco is focused on creating a crypto token that is not backed by traditional valuables, but is instead backed by solar energy generation .
The Indecoin, or INDE, is the backbone of the Indeco project, and will be backed by the value of one single watt of solar energy. The Indeco platform intends to use the funds generated from the Indeco ICO to create a network of solar power generation infrastructure.
This project involves the creation of solar panel installation, energy storage solutions and batteries, energy distribution microgrids, and energy efficient systems for smart homes. Holders of INDE tokens will share in the ownership of the assets created by the Indeco platform, and will receive benefits in the form of dividends for their participation and investment in the Indeco project.
The Indeco project is extremely promising, but does appear to suffer from a modicum of feature creep. While the concept of a token-based green economy is positive in nature, the creators of the Indeco platform appear to have extremely ambitious goals, including the development and release of several generations of NFC tokens that can be used to pay for goods and services with INDE tokens.
The Indeco white paper explains a basic ecosystem that integrates INDE tokens. The first element of the Indeco ecosystem is a network of “Localizers”, which will work with local community members to integrate Indeco solutions into locations such as schools, real estate developers, businesses, and churches.
Suppliers will then provide the necessary equipment to these local entities, and perform the necessary installation, consulting, and integration services. Customers will then benefit from the energy generated by this system, which ultimately benefits investors that share in the ownership of energy assets.
The Indeco Verdict
The Indeco project is certainly promising, but does stumble over a number of issues, namely the projected rate at which businesses and other local entities will adopt Indeco systems. If you’re interested in the benefits of blockchain technology applied to the green economy, however, Indeco is worth considering as an investment.