Apollo Chain - Energy Trading Platform Smart Contract based

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Climate change has drastically become a major threat to our planet. Every day, both individuals, until the government began to pay attention and try to make changes about how to consume energy.

Since the industrial revolution has taken place, the power of large industrial owners has greatly monopolized market regulation. Throughout its history, until now, most of the people have no freedom to choose which power company to use. That is of course because there is only one option available, and control the entire market in its territory.

However, the status quo has changed a lot as more and more countries are making changes with the deregulation of their energy markets. So far, there have been about 35 countries that have done or are also in the process of deregulating the energy market. Combined, these countries account for about 44% of the total energy generated worldwide. Among the countries that have deregulated the energy market are Australia, most countries in Europe, Canada, and some also in the United States. In this case, we can continue to see other countries that will follow, breaking the monopoly of its energy market in the future.

Another trend that has happened is how fast the transition becomes a source of renewable energy, such as solar and wind power. That is, people around the world have finally had a choice. Not only which companies can be used, but also what type of energy resources are wanted for home use.

ApolloChain, one of the blockchain-based companies, has paid much attention to the trend. ApolloChain then works to further decentralize the energy industry. On this platform, a fully decentralized energy trading process is still underway, using smart contracts with the potential to revolutionize the way people use energy for their homes.

The Future of the Energy Industry

Renewable energy has been so drastic to be one of the fastest growing industries worldwide.

In fact, two decades later, renewable energy sources will take over a massive amount of fossil fuels. Based on the results of research conducted by KPMG, the use of solar energy in particular will jump to 330% worldwide by 2040.

source : https://home.kpmg.com/content/dam/kpmg/sg/pdf/2016/11/Global-Trends-in-Renewable-Energy.pdf

Mission of ApolloChain In Decentralize Energy

While countries in the world are moving a lot to deregulate and use alternative energy resources, it would make sense to decentralize the energy industry by utilizing blockchain technology. This is what ApolloChain is doing in its platform.

Apollochain is built with "Fiber" from the Skycoin platform. ApolloChain this is a new energy trading platform, enabling users to be able to trade their renewable energy with each other. Smart electricity network or so-called Smart Grid, combined with IoT, AI, and also blockchain technology. So what many people call "internet energy" can be created.

With ApolloChain, owners of energy generators, wholesalers, institutional, up to individual electricity consumers, can directly trade energy with each other. One positive side, it can reduce trade financing centrally, and also avoid losses from government prices.

this project is also more profitable for power station. Because the power station can also increase the liquidity of its capital funding by gaining the crowdfunding of existing electricity. In fact, long before the construction of the power plant was done.

ApolloChain has the potential to deregulate, and to decentralize energy around the world. Can reduce human dependence on the use of fossil fuels, and switch by using renewable energy.

ApolloChain Platform Ecosystem

The main component on the ApolloChain platform is an energy trading platform built using blockchain technology. So that between buyers, sellers, and speculators can interact with each other using smart contract. That is, the user can engage in such battles with absolute warranty, that the parties involved in the transaction, can fully complete the entire transaction automatically.

The picture below illustrates how the ApolloChain ecosystem is:

Users of ApolloChain can install "Smart Meter" device in their home. The device is a smart power meter that can track data of electric power usage more validly. With that data, smart power grids can be useful for reducing recharge costs, showing ways to reduce power usage, or lower other costs.

users can easily see the energy data used, and interact easily with the Smart Meter. And, can transact only by using smartphone through ApolloChain application.

Token ApolloChain – APL

Inside this platform, created a token itself called Apollo Coin (APL). The APL token function is as electronic evidence of energy transactions conducted through smart power grids. The number of APL tokens distributed is positively related to the amount of electricity available and traded. This means that the APL token will be gradually opened and distributed, in accordance with the current transaction request.

In addition to being used for trading between energy producers and consumers, APL can also be traded on crypto exchanges. Users will be more likely to be able to buy and store an APL token when the price of electricity in the market is low. Then sell it when the price of electricity goes up. Conditions that indirectly will also help in stabilizing the demand and the price of the APL token on the secondary market.

To be able to store APL tokens, ApolloChain has also provided the ApolloChain wallet that you can get here.

about ICO ApolloChain

The total number of tokens that have been made amounts to 100,000,000 APL.
The pre-ICO ApolloChain phase runs from 5 May 2018 to 15 June 2018. The minimum target for that phase is around USD 500,000, while its maximum target is approximately USD 1 million.

As for the sales phase of public token ICO Apollochain will be announced further. The minimum target in the ICO phase will be approximately USD 8 million, and a maximum target of about USD 20 million.

Based on what is written in the whitepaper, the following is the distribution of the APL token: