Robotina ICO review

The concept behind Robotina is driven by a need to solve energy consumption problems such as uncertainties in the delivery and consumption-rate systems, and maximization of energy-related profit margin by lowering excess redundancies.

The platform is built on a ‘cloud-grid system’, whereby the connectedness of power related entities such as data, utilities, processes and people are better managed on the blockchain-based Robotina network.

The project already has integrated HEMS systems for residential and BEMS for business across the world, so there’s already a working product.

Electricity consumption issues
Electricity powers virtually 90% of world activities, and every living thing depends on electricity directly or indirectly. But to us humans in this era, we can almost do nothing without the use of electricity in our daily lives. From the powering of home appliances to the heavy duty machinery in industries and large-scale production cycles, everything depends on electric power.

This reasoning is backed by a record of global electric consumption rate of over 20,000 TWh annually. So basically, electricity is important any way you look at it. But the fundamental problem here is that of the uncertainty of supply and demand.

Now, there are currently other different consensus aiming towards wholesome alternative energy sources such as solar, wind, nuclear, biofuels and others go as far as considering hybrid grids. These alternative sources of energy may be renewable to certain degrees and some as good and efficient as they may purport, they also have limiting characteristics.

For example, if a system were to be dependent on solar grids only, it would be challenging to maintain constant output at the current consumption rates and manner during the winter seasons. Even the hybrids, make electricity generation costlier and to some extent unfriendly to the ecosystem and sometimes unaffordable to the general population.

Robotina has identified some of these disturbances in the electricity distribution systems such as unscrupulous continuous demand for power which raises the pressure on the power grid due to redundant excesses of power consumed by unattended appliances.

More so, these excesses in consumption can hurt both the consumer and the grid as a whole, as the consumer tends to pay higher fees for maintenance and the grid in-turn continues to suffer from the overweighing burden of the reckless consumption of power. This often results in faulty power grids and frequent outages as a result of continuous stress mounted on it.

So the major problem is due to lifestyle, and this can be managed manually though, but even that draws too much of attention span and can be a tedious exercise especially when trying to ensure an optimum usage. Remembering which switch is on and which to turn off and keeping track of each appliance as they run can be cumbersome.

So these problems are indeed real and can be addressed using the solutions proposed by the platform.

Robotina’s solution
Robotina wants to use the concept of IoT (internet of things), which refers to how various things (in this case, household appliances) can be connected via WiFi and powered by AI management systems in order to manage power with an efficiency ratio of 99%.

They will be creating an ecosystem that empowers its community members, enabling them to save up to 10–20% of their current expenditure on electricity bills.

They will achieve the proposed solution through HEMS (Home Energy Management System). It is a smart tech that will house the entire operating system containing the AI tech and a system that monitors weather forecasts, energy price data, and concurrently keeps track of individual appliances within the house.

What the product does is to monitor the home appliances and turns off those which are idling consuming power and turns them on only at efficient cost moments. While doing so, it conveniently redistributes the electricity to more demanding needs simultaneously.

Expectations
Through this revolutionary power network, and once their ICO is successful, it is expected that households who have the Robotina’s product installed will be able to efficiently optimize how they consume energy automatically.

More so, the members of the community can achieve energy buying consensus by group buying and trading. Other features to be expected from the platform will include, aggregated data sales which will improve how stakeholders and suppliers can efficiently coordinate power distribution based on the outputted raw data received directly from the users of such grids.

Apart from the sharing economy, other derivative benefits from this network will be a heightened security layout, by which users can confidently rely on alerted signals from disruptive power activities, and this data is sent in real-time through the Robotina’s network layers to the appropriate energy service companies partnered with the platform.

Crowdfunding for more expansion projects can be carried out using the ROX — the platform’s token which will be the utility token that will be issued during its crowdsale and also as access to services rendered within the platform.

The platform also aims at protecting the environment from the excess energy dissipation by allowing other users to buy free energy that are unused on the platform creating a closed loop for the energy cycle.

Robotina ICO crowdsale analysis
The project already has integrated HEMS systems for residential and BEMS for business across the world, so there’s already a working product. The aim of the crowdsale is to further expand the project reaching more global markets and help with scaling issues.

Comparatively, this ICO differs from similar ones out there as they have a strong marketing ethics, and have measures in place to truly make their platform decentralized allowing for more public participation in the project. Hence, they would end up building a strong community that is passionate about the solutions provided and not just conduct a crowdsale event that will act as a double-edged sword.

The TGE is going to be carried out on the Ethereum platform using the ERC-20 standard. Their target is to raise a maximum of $28.5 million USD by selling 570,500,000 ROX tokens or at least be able to raise $10 million at an average of $0.05 USD per ROX to execute the project. The main token sale is to begin on the 21st of March 2018 and last through the 30th of April 2018.

During the TGE event, the company is offering 10% and 5% for both presale and main sale of their tokens respectively.

They have chosen to distribute their tokens thus:

Funds that will be raised during the ICO will be spent efficiently on improving the product and services of the platform especially with the inclusion of compliance and legal aspects due to jurisdictional issues when scaling to the global market.

The roadmap:

Their development plan is quite eventful as they plan to kick off the project from the Q3 of 2018 through Q3 of 2020. The plan is objective enough for the team to handle, considering their experience and achievements in the past.

Team
The company behind the Robotina platform is unlike many other decentralized energy-based network out there like Wepower and Power Ledger, as they have the advantage of a huge team behind the project, numbering up to 50 experts in relative fields, and valuable experience on their side worth over 28 years, plus they about 1 million connected points with over 25 countries currently using their products.

Now, all that may sound like sugar-coating the ICO, however, who would not vouch for a viable project that currently has a working product in the market and has connections with organizations that are well established with reputable track records?

The team is headed by Devid Palčič who is the CEO, he is well versed in the Cognitive technology solutions field. Also on the team is Damir Škrjanec who is in charge of the research and development department of the project. Other team members include Ivan Morano and Milan Susman among others who have true skills and expertise on their side.

It would seem that the project is well laced with a competent and reputable team structure alongside 16 Advisors drawn from different fields of finance, investment, and blockchain enterprises.

Medias
The website is information specific and everything an investor needs to know on the first approach is well presented. Their whitepaper has an elaborate business model for the investor to acquaint himself with. Although there are no specific blockchain or smart contract codes sampled there, but the document is thoroughly illustrated for anyone to understand how the product is expected to work.

As for their social media platform, I would say that a followership of over 2000 people on twitter and about 600 on telegram and 347 people on Facebook isn’t so bad. But I expect more from a team with experience and actual product on the market.

They have a bounty offering 3% of the total amount of ROX to be emitted.

Security
Eth will be collected during the crowdsale as the tokens will be generated on the Ethereum blockchain network. it would seem that the project has an escrow in charge of the contributors’ funds before they are sent down to the company. But no clear information is provided about their escrow on their whitepaper or on the website other than an allocation of 2% of the token distribution.

As for the safety of investment, it would seem that this project is worth investing in, as they already have a working product and are offering to provide solutions and products of viable importance to the society. However, as always, to observe due diligence to ensure you are well acquainted with the project and know how to stake your investment in it.

Pros and cons
Pros:

A product ready to address a real-world problem with the electricity distribution and management systems.
An existing viable product already in the market.
A credible team of experts and professionals from relative fields.
They have successfully achieved other projects with other reputable companies in the past, such as Hitachi, Panasonic, Microsoft, and Sharp.
Cons:

There are currently already established green energy platforms on decentralized networks.