Hi guys! Today I want to share with you another interesting review, which is associated with one wonderful project and environmentally friendly renewable energy sources. Let me remind you that such energy sources include water, sun and wind.
Problems
However, this topic is not without any problems. Today, many countries, as environmental protection, are making a gradual transition from traditional (non-renewable) energy sources to alternative (renewable) energy sources. Due to this, the popularity of alternative energy sources has grown hundreds of times. That in turn led to such problems as the emergence of excess electricity, which must be somehow efficiently used and benefit from it.
The solution to this problem was taken by a team of specialists, having developed a unique project Hive Power, which is designed to eliminate all the existing problems of this sector. And what is this project and what it solves? I suggest you study further.
Project and its features
Hive Power - is a unique platform, which is based on modern Blockchain technology. While ensuring a transparent, reliable and safe ecosystem. As well as providing its participants with a great opportunity to earn on the surplus of Autonomous energy sources.
Like this? Let's look at the simplest example:
Let's say you have a house and you have in your Arsenal solar panels that supply your entire house with electricity. It would seem that everything in this situation is so fine, you save a lot of money without paying for electricity city power plants. At the same time, you still have enough energy to be able to use it somewhere. Here then comes into force the main idea of Hive Power, which allows you to sell your surplus electricity and get paid for it. Convenient is not it? I think it's just brilliant!
In addition to all this, I want to highlight several main advantages of this project:
1) the first and most important advantage is the ability to create an unlimited number of communities. These communities will interact with each other within the framework of the project, while being in territorial proximity. That in turn will produce any energy exchange quickly and as comfortable as possible, providing a stable and uninterrupted power transmission. The use of this principle will allow people to be freed from the onslaught of traditional monopoly electric power companies, which are constantly raising the cost of electricity tariffs;
2) the second advantage of the Hive Power platform is the ability not only to sell the excess electricity, but also to exchange it with other participants of the system. This brings together a large number of energy communities for optimal energy consumption;
3) the third and important advantage of the platform can be considered as the presence of decentralized Blockchain technology. Which is able to ensure full transparency of the entire ecosystem, as well as to eliminate any fraudulent actions on the part of the platform participants. Since each transaction within the project will be executed with the help of a smart contract;
4) the fourth advantage, I want to include a simple, convenient and intuitive interface of the project. With the help of which anyone can quickly take advantage of all the necessary functions of Hive Power. At the same time, it is supplemented with a mobile version, which makes it twice easier to use;
5) the fifth advantage is the development team, which has not only extensive experience in the electricity industry, but also its desire to bring new modern solutions to our world. With the help of which we will be able to solve their energy problems.
Hive Power operation algorithms
To understand the whole Hive Power algorithm, with which all computational calculations are made. I propose to consider a small example.
Imagine a small house and a family living in it. In total, they consume 10 kW of electricity per day. Installed on the house solar panels during the day produce 15 kW. It turns out the extra 5 kW can be sold. And so the algorithm calculates daily how much electricity the family consumed during the day and if there are remains of them can be quickly and conveniently sold, while earning money. Cool, huh?
This approach will allow to transfer all the produced electricity from alternative energy sources to the most powerful asset that can benefit all participants of the platform.
But that's not all. The project has developed a unique counter, which is based on the Blockchain. This will eliminate any interference in the change of indicators by the participants of the system.
Hive Power Tokens
To ensure that all transactions within the project are carried out quickly and with minimal fees, it was decided to develop its own cryptocurrency, with which all the main functions of buying or selling energy will take place. The token is called-HVT and it is developed on the basis of Ethereum (ERC-20). The public token sale will start on June 12, 2018 and run until June 30, 2018. The initial cost of 1 token HVT will be $ 0.25. A total of 100 million HVT tokens will be issued for sale. The distribution of which, after the sale, will be as follows.
Conclusion
In conclusion, we would like to note that the project has all the chances to take a leading position in this sector of the market. Since the developers have taken into account all the shortcomings of existing systems, as well as introduced new innovative approaches that completely deprived the project Hive Power shortcomings. These advantages can guarantee great success and further development of the project worldwide.
Therefore, I recommend you to study this project in more detail and of course take an active part in its development. After all, alternative energy sources are our future. So let it be not only environmentally friendly, but also very profitable!
All the details of the project, you can learn from these links:
