BitLumens

About Bitlumens

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 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 led by Veronica Garcia (CEO and Founder) who has experience as an investment consultant.

Again, 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.

FEATURES OF BITLUMEN PLATFORM

POWER GENERATION

The devices produce clean, zero-emission electricity and have an immediate impact on people's quality of life. In the future, devices can be interconnected to form micro electrical grids in places without electricity, allowing people to exchange energy within their communities.

SOFTWARE

The devices form micro-networks in places without existing infrastructure. Our innovative software collects data and sends it to the block chain. Individuals may choose to make this data available to banks for microcredit and other financial services. Banks will gain access to more than a billion people who need a bank account.

SAFETY AND SECURITY

Devices can be locked when users are late with their monthly fees. This provides the necessary security to issue microcredits. On the other hand, users have full control over their data. Only they decide who can access and use it.

How Does Bitlumens Solar Power And Water IoT Blockchain 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. 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.

The company has already started its first pilot program and its mobile app in beta phase. There is a second pilot test scheduled for the end of the first half of the year. The rest of the improvements made by the company will be mostly made until the end of 2018.

Bitlumens mission is to provide options to rural communities to displace kerosene, wood or plastic-dependent households and give immediate access to cleaner, safer, and affordable energy in Latin America. Bitlumens electrify rural areas, help bring down CO2 emissions, foster gender equality and promote financial inclusion through its platform

The Blockchain Bitlumens use a combination of on and off chain data sources to calculate the credit score of women farmers Off Chain: The digital IDs are not part of the blockchain but are going to be centralized. Each user will be able to have their own ID and credit history. This information can be shared to third parties who offer microlending solutions, governments and development banks. Users can get access to microcredits by paying a specific interest rate based on personal and behavioral variables. On chain: The idea is that our investors know when the transactions by our users are done. After the transaction is entered in the system by our agents, Bitlumens will pay these agents a commission denominated in tokens. To be able to provide financial inclusion two important pieces of information are provided, IDs and KYC (Know Your Customer) information.

Bitlumens gives access to a platform that connects microcredit solutions to users who are not powered to the grid, offering SHS. We will provide cooperative banks with key pieces of information they require to open an account or facilitate financial services given the proof of valid microcredit. Each user will be able to have their own ID and credit history. This information can be shared to third parties who offer microlending solutions, governments and development banks. Users can get access to microcredits by paying a specific interest rate based on personal and behavioral variables.

Bitlumens token is an ERC20 utility token, and aims to provide social and environmental transformation, where all proceeds will support the development of the software and MVPs currently placed in Guatemala.

Bitlumens token can also be seen as a loyalty token allowing investors to show their aliation with and support of the project. It does not represent equity. The utility tokens are initially distributed in a presale (pre ICO) which starts on April 26 and lasts until April 30 at midnight CET.

A maximum of 10 million BLS tokens are offered during the 72 hour pre ICO at a price of 2 BLS /USD. Only payments in ETH and fiat currencies are accepted. Bitlumens assists parties preferring to participate in the pre ICO in fiat currency. If all 10 million BLS were sold in the pre ICO, USD 2.5 million would be raised. Tokens that were not allocated in the pre ICO will be added to the ICO pool.

The duration of the ICO is 28 days. It starts on May 1 at midnight CET and is divided into 4 periods (see Table 4). On the first day of the ICO BLS tokens are offered at a price of 1.5 BLS /USD. Between the 2nd and the 7th day, the price is 1.4 BLS/USD and between the 8th and the 14th day the price increases to 1.3 BLS /USD. Finally, during the last 14 days of the ICO the price is 1.2 BLS/USD.

The ICO will terminate early, if an equivalent USD 25 million have been raised. This amount corresponds to the projected funding and investment needs for a period of 3 years. The total supply of tokens is capped to 50,000,000, with the smallest available denomination being 0.0001. The detailed allocation of BLS among the various stakeholders is shown in Table 6. 25% of the tokens will be initially held by Bitlumens in order to provide liquidity to the secondary market.

TOKEN AND ICO DETAILS

BitLumens distributes solar power devices in areas without a power-grid and connects them to the blockchain. By applying those devices, people build up credit scores. Banks can access the data by using BitLumens tokens (symbol: BLS) and use it to issue microcredits to those who urgently need them.

Token - BLS

Platform - Ethereum

Accepting - ETH, Fiat.

Hard cap - 25,000,000 USD

The BLS token is an ERC20 token based on the Ethereum blockchain

WHY YOU SHOULD HOLD BLS TOKENS?

In order to access the Bitlumens SaaS (Software as a Service) you need BLS. This Software includes a Decentralized digital database that holds device specific information such as credit information based on payment history. It also stores other environmental and pollution data collected by sensors in the devices. By using the devices, people build up credit scores. Banks can access the data by using Bitlumens own token BLS and use it to issue micro-credit option to those who need to build good payment history.

ROADMAP

Currently, Bitlumens follows these milestones in Latin America:

The deployment of 100 off grid solar devices by the end of April 2018 in Guatemala. We are already training the agents who are the distributors of the off grid solar devices.

Adding the software to run the hardware using BLS tokens by the end of May.

The deployment of IoT to track carbon and black carbon mitigation.

After June we will be adding solar pumps into operational locations.