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Author Topic: [ANN][GRID] ConsenSys Creates Grid+ to bring Ethereum to Electricity markets  (Read 3504 times)
mezzo0
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November 22, 2017, 11:07:05 AM
 #41

Is there any plans to have the GRID tokens listed on other exchanges soon?
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November 22, 2017, 12:42:33 PM
 #42

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

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November 23, 2017, 08:29:32 PM
 #43

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.

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November 23, 2017, 08:32:10 PM
 #44

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

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December 22, 2017, 01:58:15 AM
 #45

Hey, do you need german translations for grid?

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January 06, 2018, 01:33:46 PM
 #46

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  Huh

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.

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July 19, 2018, 04:13:55 AM
 #47



Grid+ leverages the Ethereum blockchain to give consumers direct access
 to wholesale energy markets. This allows customers to respond intelligently, which
 increases efficiency, decreases cost, and helps move us all to a cleaner future.



Announcements:
07/21/2017 - Blog: Why Ethereum Needs Stable Coins
07/17/2017 - Blog: No Country for Private Blockchains
07/17/2017 - Whitepaper Updated, specifically Token Mechanics! Available at gridplus.io
07/11/2017 - Whitepaper Released!





Press Coverage & Conferences

TTRcoin:ICO: Grid+ намеревается перевернуть рынок электроэнергии
TheMerkle: Grid+ Set to Disrupt Electricity Markets
EthNews: ConsenSys Introduces Grid-Based Solution For Energy Inefficiency
Transactive Energy Systems 2017: What is Blockchain’s Role in Transactive Energy Systems?
Consensus 2017: Energy Markets Panel
Rice Blockchain Conference: Ethereum Smart Battery Swarm



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.


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



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.






Links

Website
/vXEi2f]Whitepaper
Twitter
Medium
Slack


Grid+ (GRID) may be free of listing on Aiodex if the number of votes is large enough.
Let's vote for it ☞ https://aiodex.com/vote/coin/5b500fcc0946281f54fc35a0
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