BITLUMENS: REVIEW

ABOUT BITLUMENS

Bitlumens, founded in switzerland was created to bring solar power and water to rural and far away communities, it aims to provide social and environmental transformation for people who needs it .In the city in most countries , there is always the joy of abundant social amenities and resources enjoyed by many who resides there. It ranges from good roads, electricity, good purified water supply, good schools etc. The rural areas sometimes lags behind and does not have such luxuries. Bitlumens aims to address these situations, focusing on electricity and water supply, the company’s technology powered by both the blockchain technology and the internet of things will make it possible for people to use electricity, charge their electrical appliances and even water their crops.

HOW DOES IT WORK

The main idea of the company is to bring a user and eco-friendly internet of things DEVICE to bring energy and water to places which are unbanked and do not have a power grid. The agents of the company will install the hardware and collect the payments.

The company will use the app to collect information about the consumption of each client and know how much to charge for each one of the team.

The tokens will be used to access the platform. The Bitlumens systems use the Ethereum-based ERC20 tokens and the Ethereum blockchain to work( a smart token). The tokens will work as a participation rights token which allows investors to support the development of the company and to take decisions but does not represent an equity in the company. The platform will work by consensus.

Also, the tokens will be purchased by farmers and people who live in the affected areas by the company’s program. They will be able to purchase power, electricity and water from the Bitlumens device.

The company plans to use clean technologies to provide to rural communities which need to use kerosene, plastic, battery torches and candles as they do not have access to electric power. By using these devices, these people would have a way to improve their businesses and their quality of life.

FOR most of us that doesnt know what INTERNET OF THINGS ( IoT) means & how it works///

INTERNET OF THINGS : In a nutshell, the Internet of Things is the concept of connecting any device to the Internet and to other connected devices. The IoT is a giant network of connected things and people – all of which collect and share data about the way they are used and about the environment around them e.g smart microwaves, self- driving cars, wearable fitness devices. This devices and objects have built in sensors and are connected to Internet of things platform, which integrates data from the different devices and applies analytics to share the most valuable information with applications built to address specific needs.

BITLUMEN BENEFITS TO INVESTORS

A Software as a service as been developed(SaaS), which is accessible through BitLumens platform to get access to a variety of data points such as digital IDs, credit score records enabling investors to visualize the amount of power produced and the credit score of the borrower, giving them full transparency of their investment and its impact in remote places.

The market is huge, about 1.2billion projected and Latin America as been planned as a startup, Panama, Honduras, Nicaragua, and Guatemala. It as got strong potential to be a huge success and investors need not worry.

TOKEN & ICO DETAILS

The duration of the ICO is 28 days

Starts June 19th 2018

Ends July 16th 2018

Token: BLS

Platform: Ethereum

Type: ERC20

Pre-ICO Price: 1 BLS = 0.0007 ETH

ICO Price: 1 BLS = 0.001 ETH

Total Supply: 50,000,000 BLS

Soft Cap: $1,000,000

Hard Cap: $25,000,000

DISTRIBUTION

Hardware - 35%
Legal - 2%
Wages - 35%
ICO Expenses - 2%
Software Development - 20%
Marketing and PR - 6%

CONCLUSION

Bitlumens is indeed one of the most ambitious blockchain projects we have seen and one with enormous potential. Considering the strong need for a clean and affordable energy option for the 1.2 billion people without electricity, Bitlumens could be the energy miracle that so many are looking for.

LINKS for more information:

Website : https://www.bitlumens.com/
WhitePaper : https://www.bitlumens.com/assets/bitlumensdata/White%20Paper%20Feb%202018.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3163931.0
Telegram : https://t.me/BitlumensNews
Bounty Telegram : https://t.me/bitlumensbounty
Facebook : https://www.facebook.com/Bitlumens/
Twitter : https://twitter.com/bitlumens
Author : belushiiwuzeree

My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2191289