Hive Power ICO

Hive Power
Verified ICO

Hive Power develops a turnkey solution for the creation and management of local energy communities on the blockchain, providing an economic optimization for their participants

ICO Ended
2018-06-11 - 2018-06-30
  Whitepaper |   Visit Site
ICO NOT YET RATED (NYR)


Team: NYR
Feasibility: NYR


In collaboration with meter producers, Hive Power is building a blockchain ready energy meter, which allows to safely tokenize energy. Differently from its competitors, in addition to the blockchain platform Hive Power also provides an efficient energy trading mechanism perfectly tailored to the use case of energy communities. The HONEY algorithm exploits customers’ flexibility to optimally match production and consumption, such that the community’s welfare is maximized and grid technical constraints are satisfied.Up to now, we already successfully implemented Demo Hive, the testbed of Hive Power. This consists in the development of a “Hive”, i.e. an implementation of an energy market based on blockchain technology. These are our future steps:1) Hive Power 1.0 (Q2 2018): the Hive will consist of single household Workers and multi-family buildings, coupled to a low voltage grid in Switzerland. The Queen will be operated by the local Distribution System Operator.2) Hive Power 2.0 )Q1 2019): innovative features such as access to the flexibility market and real time operation will be implemented to improve economic and technical performance. A microgrid testbed will be set up in a developing country.3) Hive Power 3.0 (Q1 2020): the Hive capabilities will be extended through new features, such as investment pools, auto topology discovery, self-healing (fault detection) and multi-owner Hives.The Hive Token (HVT) is a standard Ethereum ERC20 token managed by a smart contract which gives access to the Hive Power platform and its management. HVTs are used to create and manage Hives: distributed energy market platforms implemented in smart contracts. HVTs also grant their owners’ access to Hive Power technical governance (all the upgrade proposals of the smart contracts will be subjected to their vote). HVTs are subject to a “burn and stake” mechanism.The total token supply is 100 Million HVT divided as follows:

50%: public sale

33%: company

10%: founders

4%: private sale

3%: referral and airdrop

Financial info:Token: HVT

Platform: EthereumToken Price: 0.25 USD

Soft cap: 1,000,000 USD

Hard cap: 11,750,000 USD

Accepting: ETH

Restricted countries: China, United States of America

Know Your Customer: Yes

Whitelist: Yes

Bonus program:- 5M tokens: 30%- 20M tokens: 10%- 25M tokens: 0%

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