BitLumens
PRESENTATION
The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is BitLumens, a blockchain-based company registered in Switzerland with the aim to bring solar power and water to far-off places with the application of Internet of Things (IoT).
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PREAMBLE
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.
What is Bitlumens?
Bitlumens is an ecosystem that distributes solar energy devices in areas where there is no access to electricity and connects it to block circuits. Using the device, people improve their credit score. Banks can access data using their own BLS BitLumens token and use it to issue microcredit to people who need it. Bitlumens is a blockchain company created to bring solar energy and water to rural and remote communities. The company's technology is powered by both blockchain technology and the Internet of Things. The company is registered in Switzerland. The company aims to provide social and environmental transformation for the people who need it and support the minimum feasible products (MVP) in Latin America. The company is registered in Switzerland.
The Goal
BitLumens’ goal is to create both good ROI in finance and measurable environment and social influence. BitLumens gathers KYC data (Know Your Customer data) for each customer while providing access to electricity and water worth renewable resources. BitLumens targets at providing solar energy in remote villages and hence contributes to reduce the emission of CO2 and health hazards, displacing kerosene lamps, disel generators, plastic, biomass and biofuels as lighting source, increasing customer savings, proliferating financial inclusion and in some cases providing employment.
BitLumens offers a digital platform which can be distributed, managed by consensus and off grid smart energy solutions in low resource households. With those purposes, BitLumens will contribute to the development of UN SDGs, especially Gender Equality and Climate Action, Sustainable Cities and Communities, Affordable and Clean Energy, Good Health and Well-being.
With the application of clean technologies to provide electric power, BitLumens is helping people in rural areas have a way to improve and their quality of life and businesses.
The Mission
Our mission is to offer a peer to peer platform where users adopt PV systems to reduce carbon emissions and get access to lighting and water in places where there is no power grid or proper access to water. Our platform allows the payment of the hardware in installments and using Bitlumens tokens (BLS). The system also allows microfinance and remittances in digital and fiat currencies while using the blockchain. Our goal is to create both financial return and positive measurable social and environmental impact. We gather Know your Customer (KYC) data for each client while giving access to electricity and water coming from renewable generating sources in Latin America. Providing solar energy to remote villages and in consequence reducing CO2 and health hazards, displacing kerosene lamps, diesel generators, plastic, biomass and biofuels as lighting source, increasing customer savings, proliferating financial inclusion and in some cases providing employment.
The Solution
BitLumens is a blockchain-based company registered in Switzerland with the aim to bring solar power and water to far-off places with the application of Internet of Things (IoT). BitLumens provides environmental and social transformation for people in need and provide MVPs (Minimum Viable Products) in Latin Ameria.
BitLumens is led by Veronica Garcia (CEO and Founder) who has experience as an investment consultant.
The Problem
The developers of Bitlumens seek to solve the problem of electricity by offering a peer to peer platform where users will be able to access off-grid Solar Home Systems. What this does is that, it reduces carbon emission. In addition to this, it offers electricity to places that have no power grid.
Users will be able to lease Solar Home Systems through an install mental payment of Bitlumens to create a measurable social and environmental impact.
Through the use of Bitlumens, remote villages will be able to enjoy solar energy and reduce CO2 emission into the atmosphere. Consequently reducing the health and environmental hazard associated with the gas.
That means, no more kerosene lamps, plastic, diesel, biomass and bio-fuel. It also effectively saves cost on lighting and irrigation. Consequently leading to an increased savings for farmers in rural areas. This digi-tal platform offers low resource households an opportunity to enjoy off-grid smart energy solution which is managed by consensus.
Basically, Bitlumens contributes to the United Nation’s Sustainable Development Goals (SDG) by;
• Creating an affordable and clean energy
• Creating sustainable cities and communities
• Providing good health and well-being
• Contributing to gender equality and climate action
BITLUMENS, BLOCKCHAIN TECHNOLOGY AND IOT
Blockchain Bitlumens uses a combination of offline and offline data sources to calculate the credit score of ready-to-use farmers: digital IDs are not part of the blockchain but will be centralized. Each user can have his own ID and credit history. This information can be shared with third parties offering microcredit solutions, governments and development banks. Users can access microloans by paying a specific interest rate based on personal and behavioral variables.
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 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. 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 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. 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.
THE FEATURES OF BITLUMEN PLATFORM
Data
The devices form microgrids in places with no existing infrastructure. Our innovative software collects data and sends it to the blockchain. People can decide to make this data available to banks for microcredits and other financial services. Banks will gain access to over one billion people in need of a bank account.
Power Generation
The devices produce clean, zero-emission electricity and have an immediate impact on the quality of people's lives. In the future, the devices can be interconnected to form micro power-grids in places without electricity, allowing people to trade energy within their communities.
Security
The devices can be locked when users get in arrears with their monthly installments. This provides the necessary security for issuing micro-credits. On the other hand, users have full control over their data. Only they decide who can access and use it.
THE BLS TOKEN
To access and use BitLumens software, BLS tokens are needed. The tokens serve multiple purposes: villagers need them to pay the installments of their solar power device, banks need them to access the BitLumens SaaS (Software as a Service), family members use the tokens to send remittances.
Since most villagers do not have internet access to pay digitally their Solar Home Systems, BitLumens employs agents who will collect the payments in cash and buy a corresponding amount of BLS tokens from the open market. The BLS will then be uniquely associated with the solar power device.
The BLS token is an ERC20 token based on the Ethereum blockchain. It does not represent equity in the company. Since every participant in BitLumens ecosystem will need to buy BLS from the open market, the demand for BLS will increase as the business scales.
Token Details
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
BLS tokens are required to access credit score data from the 1.2 billion people who do not have access to electricity and bank accounts.
Villagers use BLS token to pay for electricity.
The BLS token is used to send remittances.
Anyone who needs a BLS token to access BitLumens services must purchase it from the open market.
BENEFITS OF OWNING THE BLS TOKEN
Affordable access to safe, environmentally friendly and reliable electricity.
Access to microloans and other financial services for billions of people who do not have bank accounts.
Avoid the expensive remittance fees that are usually charged for micro-loans.
Each token represents a portfolio of microloans that is guaranteed by our hardware.
Contributing to the United Nations Sustainable Development Goals
ICO SCHEDULE AND RULES
Stage - Time - #of Tokens - Token Price
Pre ICO - May 28 - 30 - 10 Million4 BLS / USD (+ 40% Bonus)
ICO Day 1 - June1 - 3 BLS / USD
ICO Day 2-7 - June 2 - June 7 - 2.75 BLS / USD
ICO Day 8-14 - June 8 - June 14 - 2.50 BLS / USD
ICO Day 15-28 - June 15 - June 28 - 2 BLS / USD
Hardcap: In the equivalent of USD 25 Million
Only payments in ETH and fiat currencies are accepted. Bitlumens assists parties preferring to participate in the pre-ICO in fiat currency.
The final price will be determined one week before the start of the pre ICO reflecting the price movements of ETH until then.
The total supply of tokens is capped to 50,000,000, with the smallest available denomination being 0.0001.
Planning to list to several exchanges, including Binance *, after ICO.
*Application in process
The soft cap foot the Initial Coin Offering is $1 Million, However, the event will end early only after 15 Mil-lion BLS tokens have been sold. This total amount is based on the projected investment and funding that is needed for a period of three years.
TOKEN ALLOCATION
The total tokens supplied is capped at 50,000,000 and the smallest denomination available is 0.0001. This means the 15 Million BLS token that is expected to be used during the ICO is only 30 percent of the total.
Another 25 percent will be held by Bitlumens to prove liquidity to the secondary market. In addition to this, the team and advisors will be allocated 11.5 Million (23 percent) BLS tokens and 10 Million (20 percent) BLS will be allocated to private placement.
Finally, one million BLS token, which is 2 percent of the total supply will be allocated foot bounty services.
Allocation - Number of tokens (in million) - in%
Total - 50 - 100%
Pre ICO - 10 - 20%
ICO - 15 - 30%
Bitlumens - 17.5 - 35%
Team and Advisors - 6.5 - 13%
Bounty - 1 - 2%
USE OF PROCEEDINGS
Hardware - 35%
Legal - 2%
Wages - 35%
ICO Expenses - 2%
Software Development - 20%
Marketing and PR - 6%
Total - 100%
ROADMAP
MEET THE AMAZING TEAM AND ADVISORY MEMBERS
Veronica Garcia:
CEO/Founder, Veronica Garcia has been an investment consultant at Credit Suisse and UBS. After finishing her graduate studies at the ETH in Zurich she joined the IBM Research Lab in Zurich. She had worked as a consultant for the World Bank, IADB and Castalia.
Daniel Heller:
CFO. Daniel was a visiting fellow at the Peterson Institute for International Economics in 2017 where studied the impact of emerging digital technologies such as blockchain on the financial sector, financial stability, and central banking.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website : https://www.bitlumens.com/
WhitePaper :https://www.bitlumens.com/assets/bitlumensdata/White_Paper_June_2018.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3163931.0
Medium: https://medium.com/@bitlumens
Telegram : https://t.me/BitlumensNews
Bounty Telegram : https://t.me/bitlumensbounty
Facebook : https://www.facebook.com/Bitlumens/
Twitter : https://twitter.com/bitlumens
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.