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1  Alternate cryptocurrencies / Announcements (Altcoins) / Save the world and get rewarded with EnergiToken! Coming to exchanges soon!!!! on: June 06, 2018, 11:20:46 AM


Who here believes the threat posed by global warming is real? (If yes read below)

Who here believes that we need to act now rather than later? (If yes read below)

Who likes the idea of being rewarded financially for energy efficient behaviour that will help in the fight against climate change?


If you have gotten this far, then the chances are you will be interested in our ERC20 token, EnergiToken (ETK)!

The EnergiToken project comes under the banner of Energi Mine, a Manchester based Energy trading and procurement company which uses artificial intelligence and blockchain technology to provide a cutting edge service on behalf of big clients.

In terms of our business relating to fintech and crypto, we recently hit our hard cap of $15 million for our Energi Token ICO. Energi Token is an ERC20 backed token which is designed to reward people for energy efficient behaviour. We are still currently developing our ecosystem, however Energi Token’s utility will be multifold, and the financial utility of our tokens will allow people to pay off their energy bills for example, or allow people to charge their electric vehicles. The possibilities are endless.

We are also proud of the fact that one of our key advisors is Lord Redesdale, the CEO of the EMA (Energy Managers Association), and whose connections and expertise has been invaluable for us when it comes to forming partnerships. It was Lord Redesdale who put us into contact with Network Rail, the UK Government owned Rail Transport Company which boasts an annual revenue of around £6.2 billion. So we are really well situated in terms of current and future partnerships.

Equally important is how Energi Token has the potential to play a big role in the fight against climate change.

The basic premise of Energi Token is using the ‘profit’ motive to incentivise people who would normally not be inclined to act, and thus Energi Token can really play a pivotal part in increasing energy efficiency levels per capita.

This is just a brief overview of Energi Token, and we are CONSTANTLY releasing new updates on our social media channels; primarily on Reddit, Twitter and Telegram (these will be linked below).

So if this sounds like a project that may interest you and you would like to join the community prior to exchange listings (which will be happening very soon), then follow us on:

Twitter: https://twitter.com/EnergiMine
Telegram: https://t.me/energitoken
Reddit: https://www.reddit.com/r/EnergiToken/
Instagram: https://www.instagram.com/energi.token/?hl=en
Medium: https://medium.com/energitokennews

Thank you for reading.

Rafael Dunn
UK Community Manager
Energi Mine
2  Alternate cryptocurrencies / Announcements (Altcoins) / ***** IMPORTANT ANNOUNCEMENT FROM ENERGI TOKEN ***** on: January 25, 2018, 04:22:16 PM
Hello from Seoul!

Firstly, I want to thank everyone who has taken part in our Airdrop - we have been overwhelmed by the fantastic response.
We also want to say a huge thank you to our longstanding supporters who have been part of the vibrant EnergiToken community from the start and welcome all the newbies!

As many of you know, I am currently in Korea ahead of launching our Seoul office, which is super exciting and indicative of just how much interest there is in EnergiToken globally. We are also in the process of opening our Tokyo and Berlin offices which will reinforce the position I have always held; EnergiToken is a global company with global ambitions. Our technology will dominate the energy space and we have some of the most talented people and best advisors in the world on board to make sure this happens, not to mention an illustrious list of partners that we will continue to announce over the coming weeks and months.

Now that the Airdrop is over, I’d like to share some exciting news. Our ICO begins next Thursday 1st of February and many of you have asked how much we have raised so far. Today I am delighted to announce that we have raised $11,000,000 ahead of our ICO. In light of this, we are closing our pre-sale before the ICO begins. We have also listened to our fantastic community and I’m pleased to tell you that during the ICO, the minimum pledge will be 0.1 ETH to allow everyone to participate.

So for now, thanks to everyone who has been part of the journey so far. Raising $11million dollars ahead of an ICO is something we are extremely proud of and reinforces our belief that we have a world class product. We just can’t wait until our ICO begins. More soon!

Thanks, Omar



https://t.me/energitoken/73584
3  Alternate cryptocurrencies / Announcements (Altcoins) / *** EnergiToken Airdrop LIVE NOW ****🚀🚀🚀 on: January 24, 2018, 02:01:08 PM
✔️Project: EnergiToken
⛓Blockchain: Ethereum
🗓Dates: PUBLIC SALE FEBRUARY 2018!
💰Soft cap: $2,000,000
💰Hard cap: $15,000,000
Country: Gibraltar 🇬🇮

“… a brilliant startup using ICOs to revolutionize the world of blockchain.”
— Forbes
 
10% bonus until midnight GMT 24. 01.18 🔚

 ***Airdrop Time***🚀🚀

👉🏻Head to tokensale.energitoken.com/airdrop
👉🏻Enter your ETH address to get referral link
👉🏻Paste referral code into EnergiToken telegram room
👉🏻Get verified by our Airdrop Telegram Bot
👉🏻Each time you invite somebody new using the unique URL into the EnergiToken telegram room, you will receive 5ETK
👉🏻Referral Tokens will be issued AFTER our ICO closes

👀Be quick! This Airdrop is for a *LIMITED TIME ONLY*


Energy consumption is increasing more than the planet can currently sustain. Until now there has been no incentive to save energy to address this problem. Energy companies are currently incentivised to sell more energy at the highest possible price with no real transparency.
 
This is where we come in. EnergiToken will disrupt the $2 trillion global electricity markets, which are closed and controlled by a handful of large players, by rewarding energy saving behaviour via our blockchain solution.
 
We will reward energy-efficient behaviour by offering EnergiTokens (ETK) as incentives for a range of energy-efficient behaviours, such as taking low-carbon transport to buying energy-efficient appliances. ETK can then be re-used in the eco-system to help pay towards your electric bill, charge your electric vehicle or convert to fiat.
 
Our focus is to reduce global energy consumption by incentivising through the token model which will lead to:
 
1.    A reduction in global energy consumption
2.    A reduction in retail energy prices
3.    The creation of an eco-system, including a transparent peer-to-peer platform to trade energy
 
We are building an energy eco-system, a new energy market using blockchain at its core. The platform will have two aspects:
 
👉🏼 A peer-to-peer marketplace to buy and sell energy
👉🏻 A reward platform
 
The peer-to-peer marketplace will connect generators and consumers on a common platform, bringing transparency to a notoriously opaque market. Members will be able to benefit from this by connecting directly with each other, without an energy company/broker in between. The platform will ensure prices are always truly market-reflective, as opposed to being kept artificially high by the current monopolies we see all over the world.
 
Our advisors include:
 
✅Keith Teare, Co-founder of TechCrunch
✅Lord Redesdale, an Energy Spokesman in the House of Lords
✅Eddy Travia, CEO of Coinsilium
✅Moe Levin, CEO of Keynote

We have a proven track record. EnergiMine our company, has $150 million worth of energy under management.
 
How the EnergiToken works
http://[Suspicious link removed]/2D5mkRl
 
Whitepaper
http://[Suspicious link removed]/2B0z1ep
 
Website
http://[Suspicious link removed]/2FENXSQ
 
Telegram
http://[Suspicious link removed]/2FCIUCl
 
Twitter
http://[Suspicious link removed]/2mFgSOT
4  Alternate cryptocurrencies / Announcements (Altcoins) / *************** Energi Token Sale Now Live 32% Bonus on: December 03, 2017, 09:24:15 PM
33333333         22222222         %%           %            BBBBBBBB        OOOOOOO      NN        NN    UU           UU       SSSSSSSS
         3333      22          22      %    %       %             BB            B   OO             OO   NNN      NN    UU           UU    SSS
         3333                  22          %%       %               BB            B   OO             OO   NN  N    NN    UU           UU    SSS
33333333                 22                        %                 BBBBBBBB     OO             OO   NN   N   NN    UU           UU        SSSSSSS
         3333            22                         %      %%       BB            B   OO             OO   NN    N  NN    UU           UU                  SSS
         3333         22                          %      %    %     BB            B   OO             OO   NN     N NN    UU           UU                  SSS
33333333        2222222222            %          %%       BBBBBBBB        OOOOOOO       NN      NNN      UUUUUUU         SSSSSSSS

Hey guys,

Just a quick announcement, originally we were going to be doing a 32% bonus then 20% then 15%, 10% and 5% before the ICO. However, we changed that to start from 20%.

However, we didn't edit the backend to reflect this so the bonus being issued has been 32% instead of 20%.

We will honour this until the 10th of December At which point the bonus will reduce to 20% from the start of the 11th of December GMT time. So there's another week for the extra 12% bonus 😁.

Everyone who has already purchased ETK will already have had the 32% bonus issued.

Any queries please message one of the admins 😁.

www.energitoken.com

Join us on Telegram: https://t.me/energitoken
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: *************** Energi Token Sale Now Live 20% Bonus! on: November 27, 2017, 11:35:19 AM
you can always join our telegram to keep up to date with the latest news and ask questions:

https://t.me/energitoken
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: *************** Energi Token Sale Now Live 20% Bonus! on: November 27, 2017, 11:24:05 AM
Can you post more info about this project

Yeah sure, what type of info would you like?
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: *************** Energi Token Sale Now Live 20% Bonus! on: November 20, 2017, 04:13:58 PM
Hey guys,

To those asking about bounty - we're currently working on this and information will be available by the end of the week.

We won't be doing any airdrops unfortunately.
8  Alternate cryptocurrencies / Announcements (Altcoins) / *************** Energi Token Sale Now Live 20% Bonus! on: November 20, 2017, 02:35:19 PM
https://energitoken.com/

The Energi Token sale is now live, the Future of Energy is here!

Introducing Energi Token — rewarding energy-efficient behaviour to reduce global energy demand.

We currently use AI and blockchain technologies in the energy sector to reduce cost and consumption of electricity in global markets. We feel our overall model will lead to:
1. A reduction in global energy consumption
2. A reduction in retail energy prices
3. The creation of an eco-system, including a transparent peer-to-peer platform to trade energy

Energi Token (ETK) is the next step in our revolution of the energy sector. Traditional incentives to reduce consumption previously have not worked, and we feel that the reason for this is that consumers need to see the monetary value of their change in behaviour before they are likely to act upon this. Our token will offer incentives for a range of energy-efficient behaviour such as taking low-carbon transport and buying energy-efficient appliances. ETK can then be re-used in our eco-system to trade energy or charge your EV.

We’ve been seeing a lot of positive news in the energy sector such as energy efficient social housing in Spain and finally going beyond the 100 global firms committing to sourcing 100% of their energy from renewable sources.

However, we’re also seeing reports and statistics showing that energy usage will increase by 28% by 2040 due to emerging economies and their need for energy to grow. We need start taking measures now to make sure that this increase in energy consumption is sustainable for the environment and used in an efficient manner so that the cost to the environment and businesses is kept as low as possible.

We are all consumers of energy in some capacity, and that is something that is not likely to change, so instead we must find ways to control how much energy we are consuming and be mindful of how it has been sourced. If a company is buying their energy from a non-renewable source, energy management and behavioural change techniques should be implemented to reduce the overall energy consumption. With the reduction in energy consumed, the consumer would start to see a saving on their energy costs and could then use these savings to source renewable, sustainable energy.

If a corporation cuts their carbon footprint and chooses more sustainable energy sources, this goes towards their Corporate Social Responsibility (CSR) which is a mandatory legislation for larger consumers. Customers are now becoming more aware of schemes like this and prefer to deal with participating companies, who are seen to be more ethical because of this.

ETK is designed as a reward mechanism to encourage energy efficient behaviour from consumers and there are various ways in which these can be obtained through different methods which we have outlined below.
The tokens will be based on the Ethereum ERC-20 standard and can be bought via coin exchanges for several purposes such as individual/company incentive schemes. For example, a company can buy x tokens from the exchange and distribute them amongst its employees for showing energy efficient behaviour that saved the company y amount on their energy bill.

Tokens can also be earned by individuals by implementing energy saving behaviour such as commuting via public transport, buying an electric vehicle or consuming less energy at home.

If an individual was to commute via public transport they would receive an amount of ETK for using a more energy efficient method of transport. If they purchase an electric car then the car manufacturer or the local authority would reward them with ETK for purchasing an energy efficient vehicle. If they consume less energy at home through behavioural change or by purchasing more efficient appliances, they would be given ETK for showing energy efficient behaviour.

We recently announced our partnership with Electra, an electric truck company who showcased their first Electric Truck on the 7th of November. They will be using Energi Token within their eco system from charging their vehicles to rewarding employees who show energy saving behaviour. More announcements to be made in the coming weeks as we finalise our partnerships with other companies and government bodies.

Ultimately the mechanism is designed to encourage energy efficient behaviour and as a by-product, the consumer will become more proficient in the energy industry, leading to more informed decisions being made. The tokens will have a market value and can therefore be exchanged for flat currency, or the consumer can choose to save the tokens and use them to pay for future energy bills and electric vehicle charging.
We have a wealth of experience within the Energy, Technology and Blockchain sectors:

· Omar Rahim — CEO — who has been trading energy for over 12years and has traded throughout Europe for some of the largest energy companies in the world such as Vattenfall and Engie.
· Alain Richardt — CTO — who is our lead Ethereum engineer and an experienced programmer and cybersecurity expert specialising in Blockchain and Deep Learning/AI.
· John Towsend — CFO -John has 30 years of financial experience with a background in Corporate Strategy gained from large “Big 4” companies such as Deloitte.
· Rebecca Grisewood — Legal Counsel — Rebecca heads up the legal function at Energi Mine, drawing on over 30years’ experience in the sector. She is a partner at one of the largest corporate law firms in the UK.
· Hannah Drake — Head of Operations — Hannah brings over 9 years’ experience in the energy markets and is responsible for operations across Energi Mine.
· Dr Philipp Eggert — Senior Engineer — who has 11 years’ experience in financial and energy markets spent at leading energy companies such as Vattenfall and Gazprom.
· Ralf Meyer — Senior Engineer — is a programmer with advanced Java, C++ and Python, Ralf has 7 years’ experience applying Machine Learning concepts to develop energy price forecasts.
· Sid Sadique — Advisor — Has heavily invested in the EV (electric vehicle) and Autonomous Vehicle space. He brings a wealth of knowledge of the transport sector and how blockchain can be applied to the battery and EV eco system.
· Lord Redesdale — Advisor — has an extensive history in the energy sector having been the Liberal Democrat spokesman for Energy in the House of Lords. He has been a member of the House of Lords since 1991 and has worked on a large number of energy related pieces of legislation.
· Eddy Travia — Advisor — A pioneer investor in blockchain technology and start-ups and the CEO of Coinsillium, a London based venture builder, accelerator and investor in early stage blockchain technology companies.
· Yacine Terai — Advisor — Founder of Startup Token, a global accelerator and consultancy for start-up token generation event. CEO of Tokens capital and VC for Coinsillium.
· Dr Moe Levin — Advisor — CEO of Keynote, an investor in high-tech startups and an advisor to governments, regulators, banks and venture-backed companies.

Connect with us on:
LinkedIn: https://www.linkedin.com/company/11005552/
Twitter: https://twitter.com/EnergiMine
Telegram: t.me/energitoken
Medium: https://medium.com/@energitoken

https://www.cryptocompare.com/coins/etk/overview

9  Alternate cryptocurrencies / Announcements (Altcoins) / ********ENERGI TOKEN SALE IN 4DAYS******** on: November 13, 2017, 03:09:04 PM
EEEE   N    N    EEEE   RRRR     GGG    III       TTTTTT  OOO   K    K   EEEE  N   N
E         NN  N   E         R   R    G           I            TT   O      O  K  K     E      NN  N
EEE     N N N   EEE      RRRR   G    GG   I   ---    TT   O       O  KK      EEE   N N N
E         N  NN   E         R R      G      G   I           TT    O      O  K  K     E      N  NN
EEEE    N    N   EEEE    R  RR    GGG    III          TT      OOO   K    K   EEEE N    N
                                                                 
                                                                                                                                   

Energi Token Sale goes live on the 17th November 2017 at 6pm GMT.

visit www.energimine.com to register your interest and receive updates every Monday. Sign up before 4pm to receive this weeks newsletter.

We're just finalising the tokenomics and will have more updates this evening.

Bonuses are available to early adopters.
[/pre][/pre]

10  Alternate cryptocurrencies / Altcoin Discussion / Energi Mine Launches Blockchain-Based Platform on: November 03, 2017, 11:57:47 AM
http://www.the-[Suspicious link removed]/2017/11/03/energi-mine-launches-blockchain-based-platform-reward-energy-conservation-cryptocurrency/
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Investment advice please on: October 26, 2017, 11:42:14 AM
Check out energitoken.com and have a look at their whitepaper. 
12  Alternate cryptocurrencies / Altcoin Discussion / What is EnergiToken (ETK) on: October 24, 2017, 03:33:04 PM
Energi-Token (ETK)

Introducing Energi Token – rewarding energy-efficient behaviour to reduce global energy demand.

We currently use AI and blockchain technologies in the energy sector to reduce cost and consumption of electricity in global markets. We feel our overall model will lead to:

1. A reduction in global energy consumption
2. A reduction in retail energy prices
3. The creation of an eco-system, including a transparent peer-to-peer platform to trade energy.

Energi Token (ETK) is the next step in our revolution of the energy sector. Traditional incentives to reduce consumption previously have not worked, and we feel that the reason for this is that consumers need to see the monetary value of their change in behaviour before they are likely to act upon this. Our token will offer incentives for a range of energy-efficient behaviour such as taking low-carbon transport and buying energy-efficient appliances. ETK can then be re-used in our eco-system to trade energy or charge your EV.

We’ve been seeing a lot of positive news in the energy sector such as energy efficient social housing in Spain and finally going beyond the 100 global firms committing to sourcing 100% of their energy from renewable sources.

However, we’re also seeing reports and statistics showing that energy usage will increase by 28% by 2040 due to emerging economies and their need for energy to grow. We need start taking measures now to make sure that this increase in energy consumption is sustainable for the environment and used in an efficient manner so that the cost to the environment and businesses is kept as low as possible.

We are all consumers of energy in some capacity, and that is something that is not likely to change, so instead we must find ways to control how much energy we are consuming and be mindful of how it has been sourced. If a company is buying their energy from a non-renewable source, energy management and behavioural change techniques should be implemented to reduce the overall energy consumption. With the reduction in energy consumed, the consumer would start to see a saving on their energy costs and could then use these savings to source renewable, sustainable energy.

If a corporation cuts their carbon footprint and chooses more sustainable energy sources, this goes towards their Corporate Social Responsibility (CSR)  which is a mandatory legislation for larger consumers. Customers are now becoming more aware of schemes like this and prefer to deal with participating companies, who are seen to be more ethical because of this.

ETK is designed as a reward mechanism to encourage energy efficient behaviour from consumers and there are various ways in which these can be obtained through different methods which we have outlined below.

The tokens will be based on the Ethereum ERC-20 standard and can be bought via coin exchanges for several purposes such as individual/company incentive schemes. For example, a company can buy x tokens from the exchange and distribute them amongst its employees for showing energy efficient behaviour that saved the company y amount on their energy bill.

Tokens can also be earned by individuals by implementing energy saving behaviour such as commuting via public transport, buying an electric vehicle or consuming less energy at home.

If an individual was to commute via public transport they would receive an amount of ETK for using a more energy efficient method of transport. If they purchase an electric car then the car manufacturer or the local authority would reward them with ETK for purchasing an energy efficient vehicle. If they consume less energy at home through behavioural change or by purchasing more efficient appliances, they would be given ETK for showing energy efficient behaviour.

Ultimately the mechanism is designed to encourage energy efficient behaviour and as a by-product, the consumer will become more proficient in the energy industry, leading to more informed decisions being made. The tokens will have a market value and can therefore be exchanged for flat currency, or the consumer can choose to save the tokens and use them to pay for future energy bills and electric vehicle charging.

We have a wealth of experience within the Energy, Technology and Blockchain sectors:

•   Omar Rahim - CEO -  who has been trading energy for over 12years and has traded throughout Europe for some of the largest energy companies in the world such as Vattenfall and Engie.
•   Alain Richardt - CTO -  who is our lead Ethereum engineer and an experienced programmer and cybersecurity expert specialising in Blockchain and Deep Learning/AI.
•   John Towsend - CFO -John has 30 years of financial experience with a background in Corporate Strategy gained from large “Big 4” companies such as Deloitte.
•   Rebecca Grisewood - Legal Counsel -  Rebecca heads up the legal function at Energi Mine, drawing on over 30years’ experience in the sector. She is a partner at one of the largest corporate law firms in the UK.
•   Hannah Drake - Head of Operations - Hannah brings over 9 years’ experience in the energy markets and is responsible for operations across Energi Mine.
•   Dr Philipp Eggert - Senior Engineer - who has 11 years’ experience in financial and energy markets spent at leading energy companies such as Vattenfall and Gazprom.
•   Ralf Meyer - Senior Engineer - is a programmer with advanced Java, C++ and Python, Ralf has 7 years’ experience applying Machine Learning concepts to develop energy price forecasts.
•   Sid Sadique - Advisor - Has heavily invested in the EV (electric vehicle) and Autonomous Vehicle space. He brings a wealth of knowledge of the transport sector and how blockchain can be applied to the battery and EV eco system.
•   Lord Redesdale - Advisor - has an extensive history in the energy sector having been the Liberal Democrat spokesman for Energy in the House of Lords. He has been a member of the House of Lords since 1991 and has worked on a large number of energy related pieces of legislation.
•   Eddy Travia - Advisor - A pioneer investor in blockchain technology and start-ups and the CEO of Coinsillium, a London based venture builder, accelerator and investor in early stage blockchain technology companies.
•   Yacine Terai - Advisor - Founder of Startup Token, a global accelerator and consultancy for start-up token generation event. CEO of Tokens capital and VC for Coinsillium.
•   Dr Moe Levin - Advisor - CEO of Keynote, an investor in high-tech startups and an advisor to governments, regulators, banks and venture-backed companies. 
13  Alternate cryptocurrencies / Altcoin Discussion / House of Lords member becomes advisor for Energi Token on: October 17, 2017, 09:44:47 AM
https://medium.com/@EnergiMine/introducing-a-lord-5735bf9fa87c

We also have Dr Moe Levin:

https://medium.com/@EnergiMine/introducing-dr-moe-1de8b6086702
14  Alternate cryptocurrencies / Altcoin Discussion / Re: best upcoming ICO on: October 06, 2017, 02:57:10 PM
We currently use AI and blockchain technologies in the energy sector to reduce cost and consumption of electricity in global markets. We currently manage over $140million of energy and cover over 1,100 sites across Europe and are continuing our growth. Our overall model will lead to:

1. A reduction in global energy consumption
2. A reduction in retail energy prices
3. The creation of an eco-system, including a transparent peer-to-peer platform to trade energy

Energi Token (ETK) is the next step in our revolution of the energy sector. Traditional incentives to reduce consumption previously have not worked, and we feel that the reason for this is that consumers need to see the monetary value of their change in behaviour before they are likely to act upon this. Our token will offer incentives for a range of energy-efficient behaviour such as taking low-carbon transport and buying energy-efficient appliances. ETK can then be re-used in our eco-system to trade energy or charge your EV.

ETK is designed as a reward mechanism to encourage energy efficient behaviour from consumers and there are various ways in which these can be obtained through different methods which we have outlined below.

The tokens will be based on the Ethereum ERC-20 standard and can be bought via coin exchanges for several purposes such as individual/company incentive schemes. For example, a company can buy x tokens from the exchange and distribute them amongst its employees for showing energy efficient behaviour that saved the company y amount on their energy bill.

Tokens can also be earned by individuals by implementing energy saving behaviour such as commuting via public transport, buying an electric vehicle or consuming less energy at home.

If an individual was to commute via public transport they would receive an amount of ETK for using a more energy efficient method of transport. If they purchase an electric car then the car manufacturer or the local authority would reward them with ETK for purchasing an energy efficient vehicle. If they consume less energy at home through behavioural change or more efficient appliances, they would be given ETK for showing energy efficient behaviour.

Ultimately the mechanism is designed to encourage energy efficient behaviour and as a by-product, the consumer will become more proficient in the energy industry, leading to more informed decisions being made. The tokens will have a market value and can therefore be exchanged for flat currency, or the consumer can choose to save the tokens and use them to pay for future energy bills and electric vehicle charging.

Energi Token has so far gone on to win at the ICOSummit Zurich and come in at 4th place at the d10e Conference on Kiev. We also have Lords Revesdale from the House of Lords on board (CEO of The Energy Managers Association) and are in talks with some of the biggest energy suppliers in the world alongside a major European city.

Please contact us for more information: www.energimine.com


Sounds interesting, I'll keep an eye out for that one

Have you read Energi’s short white paper?  They cite the main problem is:

Quote
“A small number of large energy companies supply millions of customers who are price takers.”

Therefore, the solution is to create more energy suppliers, especially nuclear power plants, which is the cheapest source of electricity. But Energi does not propose to create another supplier. They propose to enable consumers to sell their self-generated electricity directly to other consumers.

This is a TINY market. To do this, consumers need to have BOTH solar panels and batteries. Though solar panels are growing, it is still a tiny percent of the market and solar generated electricity is still much more expensive than nuclear generated.

Consumers with solar panels do not have that much surplus electricity to sell anyways. They use most of what they generate. There is strong evidence of this. Tesla and Enphase hyped up their batteries for solar panel owners to store their surplus electricity. (Batteries are needed in order to sell your extra electricity.) These batteries are NOT selling. Enphase spent over $100 million to develop their battery and partly because of the lack of battery sales, their stock has plummeted approximately 85%.  Do your own research.

Energi shows a diagram of Current System where consumers sell their surplus electricity to the Supplier and the Supplier sells it to other consumers. Then Energi shows a diagram of their solution, where consumers sell electricity directly to each other, to bypass the Supplier (middleman). How will consumers be able to do this? Will consumers hook up wires from their houses to the other houses that want to buy from them? No consumer is going to do this.

Even if a few deranged consumers spend the thousands of dollars to do this, why do they need a new token? Why can't they use BTC, ETH, NEM, PIVX, DASH, etc.?

Then Energi tries to mislead you by telling you that

Quote
“Total global electricity consumption was 21,190 TWh (Terawatt hours) in 2016…Power traded globally is a market worth around $2 trillion per annum”.

But this is mostly nuclear and coal generated electricity and has nothing to do with consumers selling their solar, self-generated electricity.

Solar generated electricity is still more expensive than from the utility companies. The main reason people put up solar panels is because of government subsidies. If debt-ridden governments stop subsidizing, solar industry will crash. Think of Solyndra, which drained $535 million from taxpayers and still went bankrupt.

Energi cites this problem as well:

Quote
Lack of incentives to use less energy
Energy companies make money from selling more energy, so consumers are not incentivised to change behaviour.

This is so ridiculous, it’s essentially a lie. EVERY company in the world makes more money from selling more. This does not mean that consumers are not incentivised to change behavior.

Energi cites this problem as well:

Quote
Lack of competition
Barriers to entry are high, with complexity of regulation and costs of entry being the two main reasons for the monopolies operating in all major power markets globally.

That’s because it costs $9 billion to build another nuclear power plant. How will Energi lower this barrier? By creating a token? You’re a sucker if you believe this.

Energi’s team is in the UK. Does that make them experts on how the energy trading business works in the other 100 countries? To try to replace the existing businesses in all these countries will take hundreds of millions or billions of dollars and decades.

Spend 5 minutes to do some research and you'll find serious problems with most ICOs. Most of these white papers are so empty that it takes less time to read them than business plans.


Thanks for explaining man. I was at work when I read this on my phone so I didn't even do 5 seconds of research lol I just replied so I'd get a notification and I'd remember this.

Hello,

"They propose to enable consumers to sell their self-generated electricity directly to other consumers." this is but one aspect, we want the consumer to be able to purchase the energy via the trading floor but in a way that's easy to understand rather than going direct to the suppliers and paying whatever they charge.

Consumers don't need to hook up wires or anything, the platform is one in which the trade is done with through the generators themselves, making it a decentralised system where you can where you can make transactions that suit you rather than relying on the premiums of suppliers.

We are currently in talks with the largest energy supplier in the US and a few suppliers within the UK and Europe and are progressing in talks to make this a viable reality for consumers. We are also in talks with one of the largest cities in Europe who wants to trial the token. We are also in talks with some of the biggest energy regulators to try and make the energy sector a more secure place for consumers.  

Our CEO has over 15 years experience within the energy sector and has worked for some of the largest energy companies such as Vattenfall where he was dealing with over $4bn of energy. He has seen the way that energy companies work and they don't generally work for the public and we want this to change so that the consumers benefit as well.

At the moment the business itself deals with corporate clients to reduce energy costs and consumption using AI. The corporate companies understand how much they're saving by using trading methods rather than going to suppliers directly and we want to be able to bring this to the general consumer whereby they can take the benefits of being able to manage their own energy usage and prices.

I think reading the white paper yourself and doing some research would be beneficial as some people may only take away one single point rather than seeing the overall picture. The token is called EnergiToken and not Energi they are two completely different things.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: best upcoming ICO on: October 04, 2017, 02:32:00 PM
We currently use AI and blockchain technologies in the energy sector to reduce cost and consumption of electricity in global markets. We currently manage over $140million of energy and cover over 1,100 sites across Europe and are continuing our growth. Our overall model will lead to:

1. A reduction in global energy consumption
2. A reduction in retail energy prices
3. The creation of an eco-system, including a transparent peer-to-peer platform to trade energy

Energi Token (ETK) is the next step in our revolution of the energy sector. Traditional incentives to reduce consumption previously have not worked, and we feel that the reason for this is that consumers need to see the monetary value of their change in behaviour before they are likely to act upon this. Our token will offer incentives for a range of energy-efficient behaviour such as taking low-carbon transport and buying energy-efficient appliances. ETK can then be re-used in our eco-system to trade energy or charge your EV.

ETK is designed as a reward mechanism to encourage energy efficient behaviour from consumers and there are various ways in which these can be obtained through different methods which we have outlined below.

The tokens will be based on the Ethereum ERC-20 standard and can be bought via coin exchanges for several purposes such as individual/company incentive schemes. For example, a company can buy x tokens from the exchange and distribute them amongst its employees for showing energy efficient behaviour that saved the company y amount on their energy bill.

Tokens can also be earned by individuals by implementing energy saving behaviour such as commuting via public transport, buying an electric vehicle or consuming less energy at home.

If an individual was to commute via public transport they would receive an amount of ETK for using a more energy efficient method of transport. If they purchase an electric car then the car manufacturer or the local authority would reward them with ETK for purchasing an energy efficient vehicle. If they consume less energy at home through behavioural change or more efficient appliances, they would be given ETK for showing energy efficient behaviour.

Ultimately the mechanism is designed to encourage energy efficient behaviour and as a by-product, the consumer will become more proficient in the energy industry, leading to more informed decisions being made. The tokens will have a market value and can therefore be exchanged for flat currency, or the consumer can choose to save the tokens and use them to pay for future energy bills and electric vehicle charging.

Energi Token has so far gone on to win at the ICOSummit Zurich and come in at 4th place at the d10e Conference on Kiev. We also have Lords Revesdale from the House of Lords on board (CEO of The Energy Managers Association) and are in talks with some of the biggest energy suppliers in the world alongside a major European city.

Please contact us for more information: www.energimine.com
16  Alternate cryptocurrencies / Altcoin Discussion / Energi Mine to be 1st UK business outside London to raise funds via Token Sale on: October 04, 2017, 12:52:45 PM
http://www.thebusinessdesk.com/northwest/news/2010448-oldham-business-first-outside-capital-raise-funds-token-sale
17  Alternate cryptocurrencies / Altcoin Discussion / Re: 6 Unique ICOs to Look at Right Now on: October 03, 2017, 10:56:04 AM
EnergiMine currently use AI and blockchain technologies in the energy sector to reduce cost and consumption of electricity in global markets. We are already an existing and operating company within the UK, we currently focuses on the business sector and manage over $140m worth of energy on behalf of over 1,100 sites across Europe. . We feel our overall model will lead to:

1. A reduction in global energy consumption
2. A reduction in retail energy prices
3. The creation of an eco-system, including a transparent peer-to-peer platform to trade energy

Energi Token (ETK) is the next step in our revolution of the energy sector. Traditional incentives to reduce consumption previously have not worked, and we feel that the reason for this is that consumers need to see the monetary value of their change in behaviour before they are likely to act upon this. Our token will offer incentives for a range of energy-efficient behaviour such as taking low-carbon transport and buying energy-efficient appliances. ETK can then be re-used in our eco-system to trade energy or charge your EV.

ETK is designed as a reward mechanism to encourage energy efficient behaviour from consumers and there are various ways in which these can be obtained through different methods which we have outlined below.

The tokens will be based on the Ethereum ERC-20 standard and can be bought via coin exchanges for several purposes such as individual/company incentive schemes. For example, a company can buy x tokens from the exchange and distribute them amongst its employees for showing energy efficient behaviour that saved the company y amount on their energy bill.

Tokens can also be earned by individuals by implementing energy saving behaviour such as commuting via public transport, buying an electric vehicle or consuming less energy at home.

If an individual was to commute via public transport they would receive an amount of ETK for using a more energy efficient method of transport. If they purchase an electric car then the car manufacturer or the local authority would reward them with ETK for purchasing an energy efficient vehicle. If they consume less energy at home through behavioural change or more efficient appliances, they would be given ETK for showing energy efficient behaviour.

Ultimately the mechanism is designed to encourage energy efficient behaviour and as a by-product, the consumer will become more proficient in the energy industry, leading to more informed decisions being made. The tokens will have a market value and can therefore be exchanged for flat currency, or the consumer can choose to save the tokens and use them to pay for future energy bills and electric vehicle charging.

Energi Token has so far gone on to win at the ICOSummit Zurich and come in at 4th place at the d10e Conference on Kiev.

Please contact us for more information: www.energimine.com
18  Alternate cryptocurrencies / Altcoin Discussion / 6 Unique ICOs to Look at Right Now on: October 03, 2017, 08:19:29 AM
http://www.investopedia.com/news/ico-initial-coin-offering/
19  Alternate cryptocurrencies / Altcoin Discussion / Energi Token - The Future of Energy on: October 02, 2017, 08:43:17 AM
Introducing Energi Token – rewarding energy-efficient behaviour to reduce global energy demand.

We currently use AI and blockchain technologies in the energy sector to reduce cost and consumption of electricity in global markets. We feel our overall model will lead to:

1. A reduction in global energy consumption
2. A reduction in retail energy prices
3. The creation of an eco-system, including a transparent peer-to-peer platform to trade energy

Energi Token (ETK) is the next step in our revolution of the energy sector. Traditional incentives to reduce consumption previously have not worked, and we feel that the reason for this is that consumers need to see the monetary value of their change in behaviour before they are likely to act upon this. Our token will offer incentives for a range of energy-efficient behaviour such as taking low-carbon transport and buying energy-efficient appliances. ETK can then be re-used in our eco-system to trade energy or charge your EV.

ETK is designed as a reward mechanism to encourage energy efficient behaviour from consumers and there are various ways in which these can be obtained through different methods which we have outlined below.

The tokens will be based on the Ethereum ERC-20 standard and can be bought via coin exchanges for several purposes such as individual/company incentive schemes. For example, a company can buy x tokens from the exchange and distribute them amongst its employees for showing energy efficient behaviour that saved the company y amount on their energy bill.

Tokens can also be earned by individuals by implementing energy saving behaviour such as commuting via public transport, buying an electric vehicle or consuming less energy at home.

If an individual was to commute via public transport they would receive an amount of ETK for using a more energy efficient method of transport. If they purchase an electric car then the car manufacturer or the local authority would reward them with ETK for purchasing an energy efficient vehicle. If they consume less energy at home through behavioural change or more efficient appliances, they would be given ETK for showing energy efficient behaviour.

Ultimately the mechanism is designed to encourage energy efficient behaviour and as a by-product, the consumer will become more proficient in the energy industry, leading to more informed decisions being made. The tokens will have a market value and can therefore be exchanged for flat currency, or the consumer can choose to save the tokens and use them to pay for future energy bills and electric vehicle charging.

Energi Token has so far gone on to win at the ICOSummit Zurich and come in at 4th place at the d10e Conference on Kiev.

Please contact us for more information: www.energimine.com
20  Alternate cryptocurrencies / Altcoin Discussion / First UK Company Outside of London to Undertake Token Sale on: September 27, 2017, 09:43:40 AM
http://everyinvestor.co.uk/2017/09/27/43315/
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