Greeneum ~ A blockchain powered, decentralized platform built to incentivize green energy production

Introduction
Greeneum is pleased to announce that it has created the world’s first blockchain-powered sustainable, scalable and secure energy and data trading platform; which we believe is the first major step towards ending a global reliance on toxic and non-renewable energy sources including fossil fuels. To protect contributors and bring greater transparency to these projects, the Greeneum platform is built on the ethereum blockchain. Agreements are held on this distributed ledger, which helps to ensure that terms are secure and visible at all times.

Greeneum’s platform is a first of its kind marketplace and energy production management system. It enables contributors from around the world to invest in green energy projects including solar, hydro and wind power; while concurrently creating production efficiencies during demand fluctuations. Pilot projects currently underway include a grid operator in Cyprus and a micro-grid in Israel; and more are set to be announced throughout the course of 2018.

“Greeneum’s first in kind platform enables people and companies to make contributions to green energy products around the world,” said Greeneum founder Assaf Ben-Or. “Our goal is to foster increased use of renewable energy sources and reduce the carbon emissions that are contributing to climate change.”

The GREEN Token is central to Greeneum’s innovation story, and contributors can access it during a token pre-sale starting today, Earth Day. Qualified individuals will be able to start contributing to a wide variety of projects later this year.

Greeneum’s innovative approach to green energy production, distribution and consumption management is enabled through key innovations including:

• Crypto-based platform: Using an ERC-20 compliant token enables contributors to have one point of entry to contribute to projects around the world;
• Smart contracts: Enable efficiencies by disintermediating the various brokers and middlemen currently involved in these investments, and remove trust as a factor between counterparties;
• Distributed Energy Resource Management System (DERMS): Through use of artificial intelligence and proprietary algorithms, Greeneum enables electricity producers to anticipate demand in advance and direct resources accordingly; enabling them to create reserves and reduce production costs.

“By enabling contributors to help fund these projects and track their contributions, Greeneum is bringing a level of transparency to these projects not previously seen,” Ben-Or continued. “And empowering utilities to better anticipate and manage costs, we are hopeful that these increased efficiencies will enable contributors to have an even greater impact on the projects they choose to participate in.”

Greeneum was founded by a team of dedicated experts with experience across a wide variety of solar and renewable energy projects and startups including:

• Assaf Ben-Or, founder and CEO
• Elya Katsir Dolev, co-founder and CTO
• Rodrigo Rapoport, COO
• Guillermo Wajner, CMO

Greeneum also has a strong advisory board and corporate partners including: IBM, d10e, Etherlabs Chain Dynamics, SolarChange, CoinAgenda and more.

About Greeneum

Greeneum is a global, decentralized network that aims to encourage the production, distribution and consumption of clean and sustainable energy.
By using advanced technologies including blockchain, smart contracts and artificial intelligence, Greeneum is enabling the next generation of trust, transparency, security, actionable insights and forecasts for the global energy market.

Greeneum Vision
GREENEUM plans to accelerate the global energy transition from fossil fuels towards Solar and Renewable (GREEN) energy using smart contracts, targeted artificial intelligence and blockchain technology.

What problems Greeneum solving?

1. The increase in demand for energy
   A new report from the World Energy Council predicts that global demand for crude oil could hit a peak in 2030 at 103 million barrels per day [1]. The scenario would require rapid and substantial advancements in electric vehicles, efficiency, renewable energy, and digital technologies — developments that are already being implemented today. Additionally, the report envisions a scenario in which global primary energy demand — which includes energy demand for everything including transportation and electricity — will also peak before 2030.
   At the same time, the total world energy consumption in 2005 was 500 EJ (or 138,900 TWh), 86.5% corresponding to the combustion of fuels stands out fossils. On the other hand, the International Energy Agency (IEA) stated in November 2010 that the production of crude oil peaked in 2006. As expected, the energy demand is accompanied by the growth of the world’s population.
   Emerging markets have experienced the highest economic growth in recent years. Developing countries such as those in Latin American, African and Indian markets are the best prognostic of growth according to the International Observatory of Renewable Energies. These regions have the largest world population without any access to energy. Currently, Argentina is one of the main promising markets of renewable energy production and consumption in the world. Argentina is about 20 years behind the developed world, and 10 years behind compared to neighboring South American countries.
   India, according to the World Bank, is positively changing its economy and society. Although one in every two Indian citizens lives below the poverty line, the middle class has benefited significantly from the economic growth that has occurred thanks to the liberal reforms of the 1990s and 2000s [3]. According to the 2011 census, 310 million Indians declare that they have a car or a two-wheeled vehicle, seven times more than in 1991.This is showing an economic growth and an increase in the demand for energy, given the signs of upward mobility of society. These changes generate new market opportunities to respond to the demand for renewable energy.
2. Climate change and the carbon market
   Energy generation has resulted in an increase in greenhouse gas emissions (GHG). Now more than ever, we need to generate clean energy to meet energy demands and reduce GHG emissions. With regard to climate change, during the Conference of the Parties (COP) in Morocco 2016, officials made CO2 reduction commitments and reached compliance goals that all parties must achieve. In the Kyoto Protocol (1997), the initial economic incentives that were created for carbon market and clean energy projects, failed because of lack of transparency and high transaction costs. These projects were expensive for and proved difficult to obtain carbon credits (GCC), yielding a a high cost for the intermediaries and a low profitability of their value.
3. The needs of the renewable energy market
   Although the renewable energy technology is quite advanced and the costs of solar and wind energy generation are decreasing, most countries have to create economic incentives for further implementation and integration of solar and other renewable energies in their markets. In under-developed and developing countries, it is challenging to provide financial security for renewable energy projects when energy demand continues to increase globally. Green projects require intensive installation capital and have a multi-year payback period, so investors seek financial security. Regarding energy efficiency and energy management, the maintenance and transportation costs of electricity networks are very high and have efficiency losses. The most modern mechanisms of prediction and interconnection of data represent several economic difficulties of adaptation, replication and efficiency. Additionally, it is important to emphasize the overproduction of energy in renewable systems, when the demand is lower than its supply. Profitable energy stock projects are difficult to evaluate and lower their financial risks. Although renewable energy technology is advancing and the cost of solar and wind generation is decreasing, most national states still have to incentivize the general population to install the advanced technologies in their respective markets. In underdeveloped and developing countries, the costs of providing financial security to renewable energy projects are difficult to achieve in an energy demand that shows their increases worldwide. It should be noted that green projects need intensive capital to be installed and several years for the payback, so in several cases investors seek financial security. Regarding energy efficiency and energy management, electricity network maintenance costs are overwhelmingly high and have major problems for the transport of energy that always has efficiency losses. The most modern prediction and interconnection mechanisms of data represent several economic difficulties of adaptation, replication and efficiency. Another element to emphasize is the overproduction of energies in renewable systems, when the demand is lower than its supply. Profitable energy stock projects are difficult to evaluate and lower their financial risks.
4. Benefits for Grid operators
   Renewable energy does not provide a constant supply of electricity but rather fluctuates greatly depending on how much the Sun shines or how windy it may be on a given day. Offshore and onshore wind and solar generation has gained greater adoption, and the market, but the market now experiences new supply and demand prediction challenges. Blockchain technology has the potential to make distributed grid management easier through “smart contracts”. Smart contracts inform the system which transactions should be made at what time, following clearly defined rules for energy flows and storage to balance supply and demand. Blockchains could also allow grid operators to have a more informed overview of the resources they manage. An operator might need to reduce the supply on the grid for a few hours, for example. But asking a power station to turn down their supply will cost them money. But what if there were a station in Kent, for example, that will gladly do it for a cheaper price because its own resources are constrained. The supply of electricity on the grid has to equal demand to avoid overloading it, grid operators need to turn sources of energy up and down to cope with the waxing and waning input of renewables. Blockchain technology could also play a central role in the rise of so-called “virtual power plants” (VPPs) that represent energy generating resources that are connected across a smart grid but that aren’t necessarily concentrated in one central location, such as traditional power plants. Blockchain could play an important role in the remuneration of the participants in these virtual power plants.
   In a recent report about virtual power plants (VPPs), Navigant Research suggests that VPPs could help optimize the use of existing power resources across the evolving electric grid, helping the industry move toward a more distributed model. These VPPs would aggregate emerging generation sources — including solar panels or residential wind farms or microgrids or energy storage installations — and correlate those resources with demand responses programs that enable businesses to receive rate cuts for reducing their power consumption. The potential for distributed ledger technology to assist the grid as it evolves doesn’t end with distributed generation at the “edge” of the system. It could even help customers switch between major energy suppliers more quickly.
5. Benefits to Micro Grids
   The era of large-scale power plants is slowly coming to an end. In its place, we now see the growth of a new network of intelligent and clean energy systems. As energy generation changes, there is a microgrid growth in developed markets and developing countries, notably across the African continent. In areas that do not have any connection to their national grid, installing solar panels and a battery can be an easy way to bring a basic amount of electricity to a village. These smaller grid systems are linked to localised power sources, often referred to as “distributed generation” sources. For example, a handful of buildings in a city with their own solar panels might be connected to nearby residences. There is tremendous value in trading energy storage and demand on the same network.
   Greeneum envisions a world in which homes and buildings are equipped with software that automatically purchases and sells power to and from the grid based on real-time price signals.

Greeneum Token Allocation
The GREENEUM platform will be active after the initial token offering (ITO)
procedure is complete. In total, Greeneum will issue 1 billion (1,000,000,000) GREEN tokens.
GREENEUM ITO has a 100% token distribution plan.
With zero mining planned, the Greeneum ITO is your best way to get early access to Greeneum platform and unique services and goods.
After the ITO ends, GREEN will only be available via open market trades (subject to global and local regulation).
Greeneum token allocation is designed to give the best value for the GREEN token holders and Greeneum community.
Eventually, Greeneum plans to distribute 85% of the total GREEN tokens for the general GREEN community, which will be divided in few stages and different ways.
Greeneum’s initial token offering consists of multiple stages in which different bonuses will be given to early contributors.
The detailed plan of the ITO procedure is detailed in the table below. Greeneum will create a GREEN fund, which consists of 25% of the GREEN pool.
The GREEN fund is a reward pool that will incentivize solar and GREEN energy producers
(applicable to the industrial, commercial and residential sectors).
15% of the GREEN pool will support the continuous development and improvement of the Greeneum company through
bounty programs, and engaging with new and strategic partners.
Eventually, Greeneum’s devoted and professional team members and advisory board will receive 15% of the GREEN pool.
Green tokens that won’t be sold during the ITO will be transferred to the GREEN fund to reward more GREEN energy production.
Greeneum solution and technology is also very relevant for the US markets.
At this current time, US citizens and taxpayers are not allowed to take part in the ITO.
Greeneum will leave a percentage of GREEN tokens for a future offering to US
citizens, which will be in accordance to regulatory updates.
A future US ITO will be offered in the form of GREEN tokens value.
However, a new distribution process will be provided and not below that to keep the interests of token holders and the GREEN community.
Additional updated information related GREEN token can be
found in Greeneum website (greeneum.net) and FAQ section.

Greeneum Roadmap

Greeneum Team

To get more information please visit below link :
Website: https://www.greeneum.net/
Twitter: https://www.greeneum.net/whitepaper
Telegram Group: https://t.me/GreeneumNetwork/
Telegram Channel: https://t.me/GreeneumNetworkChannel

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