Short Description: VLUX is launching an Initial Token Offering (ITO) in order to create VLUX (VLX) tokens that will enable energy to be traded on the renewable energy trading platform that Verv has developed. By combining deep learning AI technology with blockchain, Verv’s peer-to-peer (p2p) energy trading platform aims to improve access to affordable, low carbon energy. During the token sale event 70% of the total supply of VLUX tokens will be distributed to the public, 10% will be reserved for distribution among the first 200,000 VHH units sold, and 20% of the tokens will be kept by the company. Of the 20% of tokens kept by the company, 10% will be kept for the Verv float and original contributors, and 10% will be reserved for future growth. All tokens sold will be locked and cannot be traded until the launch of the VTP, currently scheduled for end of 2018.Only ETH will be acceptedCentral to Verv’s competitive edge is its focus on existing hardware capabilities and integration as a home energy manager into consumers and prosumers’ households. Verv’s existing capabilities in non-intrusive load monitoring, energy data disaggregation, machine learning and AI, provide a clear foundation for developing an unparalleled peer-to-peer energy trading platform. With support from industry experts in FTSE 100 companies, Verv believes their energy trading blockchain is positioned to lead the shift in making energy affordable, decentralised, and decarbonised.
Category: Tokens Cryptocurrency