Bitcoin Forum

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Announcements:
07/21/2017 - Blog: Why Ethereum Needs Stable Coins (https://blog.gridplus.io/why-ethereum-needs-stable-coins-b777b55945b5)
07/17/2017 - Blog: No Country for Private Blockchains  (https://blog.gridplus.io/no-country-for-private-blockchains-c48cec703382)
07/17/2017 - Whitepaper Updated, specifically Token Mechanics! Available at gridplus.io (http://gridplus.io)
07/11/2017 - Whitepaper Released!

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Press Coverage & Conferences

TTRcoin:ICO: Grid+ нaмepeвaeтcя пepeвepнyть pынoк элeктpoэнepгии (https://ttrcoin.com/ico-grid-namerevaetsya-perevernut-rynok-elektroenergii.330/)
TheMerkle: Grid+ Set to Disrupt Electricity Markets (https://themerkle.com/grid-set-to-disrupt-electricity-markets/)
EthNews: ConsenSys Introduces Grid-Based Solution For Energy Inefficiency (https://www.ethnews.com/consensys-introduces-grid-based-solution-for-energy-inefficiency)
Transactive Energy Systems 2017: What is Blockchain’s Role in Transactive Energy Systems? (http://events.gridwiseac.org/2017/tec/#session_7847)
Consensus 2017: Energy Markets Panel (https://youtu.be/fkcedSnpwRA?t=18)
Rice Blockchain Conference: Ethereum Smart Battery Swarm (https://youtu.be/0yrsgNCJGWk)

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Abstract

In the past ten years the cost of distributed energy resources (DERs) such as solar panels and wind turbines has decreased significantly. This has led to expeditious and widespread adoption. Additionally, battery prices are rapidly decreasing, making them economically viable to supplement variable generation renewable resources by storing energy for the electrical grid. The confluence of these developments has created an emergent electrical grid where the means of production are less centralized and the control systems are less likely to be strictly top-down. The concept of independently owned and controlled DERs is known as the transactive energy grid.

The transactive grid promises to increase durability of the electrical grid while simultaneously increasing efficiency and enabling the adoption of more renewable energy. However, the distributed nature of the transactive grid poses two major challenges primarily related to technical control and grid administration. Both challenges can potentially be addressed using a blockchain. The ConsenSys energy team has several years of experience building and demonstrating proof-of-concept blockchain-based distributed energy resource management solutions. Through this experience, ConsenSys identified the opportunity to form Grid+, which will build natively Ethereum-based utilities in deregulated markets. Grid+ will demonstrate production ready blockchain-based energy solutions at scale in competitive commercial environments. In doing so, Grid+ will enable the transactive grid of the future while proving the advantages of Ethereum over incumbent technologies.

Grid+ is developing a hardware and software stack to create a secure Ethereum enabled gateway and connect Internet-of-Things (IoT) devices. The hardware gateway, or “smart energy agent”, is an Internet-enabled, always-on appliance which will securely store cryptocurrencies and process payments for electricity in real-time. The agent will also programmatically buy and sell electricity on behalf of the user and intelligently manage smart loads (e.g. Tesla Powerwall or Nest thermostat). The software stack will work in conjunction with the smart energy agent to make payments using a combination of Grid+ designed payment-channels and a Raiden network hub (when available). Grid+ is developing a system architecture that allows a typical user to leverage cryptocurrencies while remaining unaware of it’s use. Interestingly, the implementation of a secure, always-on system with low friction payment rails provides a missing piece of critical infrastructure in the broader cryptocurrency ecosystem. The Grid+ infrastructure has many uses beyond electricity and will be key to enabling the widespread adoption of cryptocurrencies.

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How does Grid+ Work?

Grid+ functions as a commercial utility in select deregulated markets in the United States. Grid+ agent devices pay for all electricity bills automatically and in real-time. All payments are done over state channels using BOLT tokens. Each BOLT token is equal to $1.00USD and is are 100% backed by USD deposit. All fees from these payments are held by a fee vault smart-contract called Karabraxos.

https://s3-us-west-2.amazonaws.com/gridplus/flowchart.jpg

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Fast Token Facts

Token Model: The Grid+ system will have a two token model.  One token known as GRID and the other known as BOLT.  GRID will be staked by Grid+ customers to allow customers access to near wholesale electricity prices.  The other token known as the BOLT will be a stable token backed by USD deposits and issued by Grid+. BOLT can be used by Grid+ customers whom do not wish to have forex risk associated with cryptocurrencies such as Ethereum.

Token Sale: We will be holding a token sale of the GRID token sometime in Q3 of 2017.

Token Sale Cap: The sale of GRID tokens is planned to take place in a Reverse Dutch Auction with a cap which is yet to be determined.

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Links

Website (http://gridplus.io)
Whitepaper (https://goo.gl/vXEi2f)
Twitter (https://twitter.com/gridplus_energy)
Medium (http://blog.gridplus.io/)
Slack (https://join.slack.com/grid-plus/shared_invite/MjAyMDkxNDg0ODIyLTE0OTgwNTU1MDEtODA2YmNiZjE4NQ)

reserve indonesian translation

We are interested in all translations, but at the moment we are prioritizing both Korean, and Japanese.  We have already gotten someone working on the Chinese version.  If anyone is interested please PM me.

GolumDeMort and Kaneki007 do you know anyone good for the Japanese and Korean translations?

this for Japanese https://bitcointalk.org/index.php?action=profile;u=703050
but for Korean i dont know

Kaneki007 thanks, looks like a solid reference. I will definitely contact you when we start other languages.

Your project is very interesting especially the concepts and ideas you offer, we can make sure you will get a good place in the eyes of the investors.

It looks like we have to wait for more information about this token project, in fact its roadmap is good, just we'll see if this token will be good, like the plan of this project. I will ask permission to bookmark first

Great to hear your interest.  If you have any specific questions or the white paper please let me know!

translation only korean and japanese dev
plan open ico selling and open bounty

Any bounty sir?

cakravothy, does this mean you can do Korean or Japanese translation.  The white paper is ~14000 words.  What do you estimate a fair cost is for translation to Japanese?  Willing to pay either ETH or BTC.

Check out the latest blog post from the Grid+ team: No Country for Private Blockchains https://blog.gridplus.io/no-country-for-private-blockchains-c48cec703382 (https://blog.gridplus.io/no-country-for-private-blockchains-c48cec703382)

in the world of cryptocoin things like this are indispensable. That is a fairly detailed explanation like this.
 The new concept that you offer will bring this project to success.

Will be bounty?

Interesting project you have here hitting bookmark to follow this project. Good luck and I hope I can participate on your bounty soon.

If still need Spanish translation, PM me

Iodasama, I am glad that you liked our new blog post and white paper.  Please let me know if there are any questions or points that I can clarify!

Checkout our latest blog Why Ethereum Needs Stable Coins (https://blog.gridplus.io/why-ethereum-needs-stable-coins-b777b55945b5)

Article in TechCrunch (https://techcrunch.com/2017/08/06/beyond-the-boring-blockchain-bubble/) highlights Grid+ as one of three projects that are adding real value to the world from the cryptocurrency ecosystem.

I am interested to participate in promoting this project, what date is the token pre-sale, is there going to be bounty campaign for promoters?

Will there be a bounty program in the next couple of weeks? I am interested to participate in a signature campaign!

It's very quit here for the huge project like GRID+. Don't really understand why. May be they already have big WHALES behind their back? And they don't need community? :(

Hi I would like to reserve the Filipino translation.

A maximum of 90,000,000 GRID tokens will be sold between the pre-sale and public sale. The price in the public sale will be $1.15/GRID. - this is sad  :'(

Looks very interesting!

Can you tell us more about the target regions and the expanding plans? Couldnt find detailed information there. Also what would happen with local taxes in some regions in your concept?

If im following your example from texas, then one GRID would equal (more or less) 20$ in savings for a customer, right?

I've became aware of this project to an ICO website and I fell in love with it. I really like the project, whereas the energy market is one of the most important and it aims to bring a real usage of the cryptocurrencies in this world. I'd like to receive more infos about it and if it's required i'd like to reserve for the Italian translation

Grid+ does look good. If you have an interest in the sector though, have a look at Prosume Energy - very impressive team.

https://prosume.io

Hi will there be a bounty programme?

1.15$ per coin, I see no value in this as a short term investment, if those behind it work hard maybe in 2 years i can be worth 2-3 times that but, I wouldn't be surprised if 1 week after ICO price is at 0.50$

When does the crowdsale end?

Any thoughts?

The projects created by ConsenSys have a very big interest from investors. Many of them are successful and have already released a ready-made version of the product. The approach to work is very encouraging.

Is there a contract address to add to MEW? And number of decimals?

reserve indonesia translation if you need.
ANN : yess
WP : yess

Grid+ (https://coincodex.com/crypto/grid/) is now listed on CoinCodex (https://coincodex.com). Now you can follow price in real-time and add it to watchlist!


https://i.gyazo.com/fb994dd7b4eb3433fc51c08529ddce87.png (https://coincodex.com/crypto/grid/)

Could you enlighten me? Token sale is going on with each 0.0037 meanwhile token is trading 0.002 on ED.
What is wrong?

Cant see the value of this token.

The token allows the holder to access 500 units of discounted electricity, the retail price of which is aprox $75 (500kw/hs X $0.15).

Can't see people paying much for the right to access this cheap power?

Am I missing something?

Yes why? also slack invite link is out of date, and no reddit channel.

one of the best tokens you can buy from ED.
Will be happier if devs share more news, Do you think ED is enough for this big project?

Is there any plans to have the GRID tokens listed on other exchanges soon?

lack of communication, slack is off, no one here, no reddit
the only active channel is "https://twitter.com/gridplus_energy"

reference: https://blog.gridplus.io/grid-funding-and-future-bdd6d2cacf4f
Grid+ Funding and Future
It’s been a busy few weeks here at Grid+. On November 11th, our public token sale ended finishing the sale of GRID tokens. To all those who purchased, thank you!
We thought it would be helpful to give a brief overview of where we are with regards to funding, development, and operations. We’re especially excited by the work we’ve accomplished that will set our direction into the new year, and we’d like to share that as well.
Funding
Below are the current holdings of the company. To date we have spent zero of these funds, but we will begin to utilize them as we complete the spinning out process from ConsenSys.
94,070.8 ether
570.5 bitcoin
$125,000
At the time of writing, this amounts to ~$38.5m, which is ample to implement our roadmap. The plan is to sell only enough crypto to cover a six month run rate at any given point in time.
Unsold Tokens
A popular topic of discussion in our slack (now telegram!) has been regarding what we will do with unsold tokens. We are working with our legal team to reach a conclusion on where to put the unsold tokens from the sale and the tokens held in treasury for marketing and customer acquisition (90m). At this time, Grid+ has no plans to sell GRID tokens ever again. Furthermore, we have no plans to spend any significant number from the latter basket — as our business strategy has evolved since the initial allocation was made. The current options are:
Burn them
Lock them up for 1–2 years
Other options not yet considered
For the unsold tokens (~50m) we have the legal approval to lock them up, so we will do that soon (for 2 years). This will give us more time to approach a more permanent strategy. As of today, the unsold tokens remain in the sale contract. The treasury tokens require additional analysis, but we will continue to work on a strategy for those as well.
Development
Our high level technology strategy is to stand on the shoulders of those who have come before, while adding our strategic special sauce to the mix. We have begun diligently reviewing offerings from a number of firms who provide specialty software to electricity retailers. These solutions are modular, so our plan is to use their stack for pieces where blockchain doesn’t make sense (e.g. upstream interfacing with wholesalers) and implement our modules where appropriate.
In parallel, we have begun to define the initial version of the agent API. This will be logic that runs in the secure computing environment and will affect how third party applications interact with the device’s keys. The first version of this API is fully mapped out and we are starting to implement it in the form of a low level module that will interact with the secure signing firmware. In a similar vein, we have identified a board to utilize and are mapping out the firmware for it. We will provide updates via our blog as development continues. The technology is really exciting and we’re looking forward to sharing!
Austin Meeting
From Nov 20–22, we met as a team in Austin to discuss our roadmap and interview candidates for open positions. This was an extremely fruitful working session and has solidified upcoming milestones in our timeline. We will have more information on product developments in the coming months — let’s just say we are excited about what our agent device will become and what we can bring to the energy space.
The Near Future
In summary, we are on track to implement our designs for the future of energy. We will be heads-down in the coming months and will continue give the community updates on our progress. We are still targeting both the first version of the agent device and the launch of an energy provider in Texas in 2018.

Grid+ have migrated to telegram:
https://t.co/BlwYnM6371

Hey, do you need german translations for grid?

To my opinion the difference between the tokens sold during the ICO and the total supply is way too big.

Circulating Supply - 39,236,491 GRID
Total Supply - 300,000,000 GRID  ???

The company Grid+ can have an enormous influence on the price, they seem to own 87% of the total token distribution.

It feels like a huge pre-mine if you would compare it to a coin and it basically is...

If the price and volume would rise a lot in the future and their tokens are unlocked, Grid+ will be the one who will benefit the most,
because at the peaks they will probably sell / pay out.

It's not rocket science to calculate what the consequences could be for 'late' buyers.

They could literally lose money by the company they invested in if the trading volume is relatively limited.