Electricity balancing arrangements, and in particular cash-out prices, provide incentives for producers and suppliers to invest in secure supplies and better balance positions in order to meet demand. Bittwatt is restructuring the electricity market into the following categories of participants; “Producers, Suppliers, Electricity market operators, Transport and system operators, Distribution system operators, electricity traders, final customers.” The Bittwatt platform empowers the smart-consumer to find best available supply solutions, and provides the consumer with a decentralized market place that functions on the transparency and full disclosure of information facilitated by the blockchain.
Vision, Mission and Goal: The vision is about a world of smart-consumers in a sustainable energy system with minimal costs for all parties. The mission is to be the first international platform to integrate and facilitate cooperation between all market operators for the benefit of the consumer and the goal is to Create a blockchain enabled energy trading market that is simple, transparent and delivers more value to all its users and expanding globally.
Problems it solves: “This lack of adjustability, increases costs dramatically for suppliers of energy (imbalances costs up from 300-400% from normal levels), creating a snowball effect that eventually hits end consumers.”
The Platform: A new marketplace for electricity balancing and trading – which is blockchain enabled - that incentivizes producers and opens up competition on a level playground is built to change the electricity system globally which is aim to be fully incorporated by 2022. This platform will be accessible to everyone in the industry with a designed that will be easy for users in applying balancing processes. It also involves metering services that allow both users to communicate quickly and trade energy in a timely fashion within a secure ecosystem.
Benefits:
Cost reduction compared to others.
Speed increase on Transaction made.
Gives room for expansions.
No intermediate parties.
Token Distribution and sales:
ERC20 token with eighteen digits after the decimal point.
Symbol of Bittwatt = BWT.
The total token supply is 400,000,000 BWT.
1 BWT token =1 kWh.
The BWT token is used for paying for electricity in the Bittwatt platform.
The Bittwatt Coin Sale Goal = $36,000,000.00 (US).
The minimum funding =$30,000,000.00 (soft cap).
1 BWT = $0.12 (average equivalent of 1 kWh).
• 300,000,000 tokens are sold during the ICO at 75%.
• 40,000,000 tokens are reserved for the team at 10%.
• 20,000,000 tokens are reserved for advisors at 5%.
• 20,000,000 tokens are reserved for country advisors at 5%.
• 8,000,000 tokens are reserved as bounty 2%.
• 12,000,000 tokens are reserved for country-level marketing 3%.
Roadmap
JUN Bittwatt concept
OCT Business plan preparation
NOV Business plan confirmation from the Bittwatt partners
DEC Final design protocol
JAN Token Design
FEB Private pre-sale
MAR Pre-ICO sale
APR Public token sale (ICO)
JUN Final smart contract protocol
NOV Bittwatt mobile app for smart consumer and Bittwatt platform for smart operators
JAN bittwatt marketplace (B2C & B2B)
JUN Bittwatt international integration rooming & cross border
NOV Exchnge fiat & Cryptocurrency
JUN Final integration of the platform”.
Team
Christian Hagmann General manager & Co-founder
Daniela Cristina Stoicescu CEO & Co–founder
Adrian Asevoaia Project manager
Tudor Stomff ICO Manager
Maria Cristina Banu Marketing Specialist
Alexandru Ioana Content writer
Marius Posa Business Developer for East Europe
Iulian Bobes Research and development officer
For more information visit:
Website: BITTWATT.COM
Whitepaper: https://ico.bittwatt.com/#whitepaper
Facebook: https://www.facebook.com/energyforthe21century/
Twitter: https://twitter.com/BittwattPteLtd
Telegram: https://t.me/bittwatt
Youtube: https://www.youtube.com/channel/UChYWjiPk7lS6DBuaXgsIy4A
Authored By: Isoboye
Username: Maxson
BTC Profile Link: https://bitcointalk.org/index.php?action=profile;u=1380535
Ether Address: 0x26F6afA28DBB156497aD8c08949912040D87B00D