Energi Mine Launch Phase 1 of EnergiToken Rewards Platform

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Manchester, UK – tenth Might 2018: Energi Mine, the AI-based mostly power firm, at this time introduced the beta launch of its Energi Token rewards platform.

Energi Mine is revolutionising the worldwide power market by means of decentralisation and blockchain know-how with the last word aim of decreasing international power demand and carbon emissions. It’s creating a worldwide ecosystem that gives monetary incentives for companies and shoppers to save lots of power with a brand new rewards system. Energi Mine offers its utility token, EnergiToken (ETK) to shoppers in trade for partaking in power saving behaviours similar to utilizing public transportation, buying power environment friendly home equipment to decreasing power consumption.

ETK can then be used although the ETK app for paying power payments, charging electrical automobiles and even exchanged for fiat foreign money. As ETK has monetary worth it creates a ‘revenue’ motivation for shoppers to preserve power, leading to people who find themselves naturally motivated to save lots of power because of the monetary reward. It’s an entirely totally different and distinctive strategy to the issue of extreme power consumption. The preliminary part one of many ETK rewards app, which remunerates shoppers for power environment friendly behaviour, will enabled house owners of electrical automobiles to add proof of buy documentation to say tokens. The part one EnergiToken app can be launched on tenth Might in English, with the Korean model following by the top of Might.

The underlying blockchain know-how and use of sensible contracts ensures full transparency and trustworthiness for all Energi Mine customers. The corporate is presently streamlining the know-how interface with the assistance of varied companions to make the platform accessible globally of their effort to foster a group that helps small power producers and corporations wishing to lower their power prices.

Omar Rahim, CEO of Energi Mine stated: “In a market flooded with theoretical blockchain tasks, Energi Mine is delivering a bodily answer to an actual-world drawback on the coronary heart of the power sector. Power corporations the world over are damaged, locked right into a spiral of consumption that appears them promote as a lot power as potential for as excessive a worth as attainable. To maintain this quantity of promoting, shoppers are pushed to make use of extra and pay extra. That is horrible for the setting. As an alternative of adjusting the system, governments are locked right into a equally futile battle, discouraging waste via taxation and levies. Whereas this strategy can efficiently dissuade wasteful behaviour to some extent, it doesn’t encourage lengthy-time period constructive change. This could solely be achieved via constructive behaviour modifications. A carrot somewhat than a stick.”

“Energi Mine will allow people to make a constructive environmental impression commerce by way of each the ETK rewards programme and blockchain-based mostly P2P power platform. By way of these two key pillars Energi Mine will significantly change shoppers’ behaviour patterns round power consumption for the higher, and current a viable various to the damaged conventional power market system”

Based mostly on the app’s reward mechanism, Energi Mine has begun constructing partnerships with main firms and organisations, to assist them scale back their power consumption and financially reward their staff for doing so. One of many present UK companions, the Power Supervisor’s Affiliation, works with a number of the largest corporations and power shoppers within the UK, together with Community Rail, who shall be concerned within the trials of Energi Mine’s Ethereum-based mostly blockchain platform.

Along with the rewards app, Energi Mine allows P2P power transfers utilizing Energi Tokens as a medium. This course of permits Energi Mine customers to purchase power from different small scale renewable power turbines (akin to photo voltaic or wind) or to promote their surplus power to members of the Energi Mine group.

Become involved as we speak, assist be part of the change! For extra details about EnergiToken and its power-saving reward scheme or to grow to be a associate, please go to www.energitoken.com, comply with on twitter at @EnergiMine or be a part of the Energi Mine Telegram group

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