Worldwide energy consumption is on the rise. Year on year, the world uses more and more energy to power electricity grids, fuel vehicles, supply gas, water, and other essential services, etc. In short, make the world work.
Out the whole amount of energy used, anything between 13 to 20% comes from renewable sources, depending on the geographical region. European agencies have set a target of a total 20% of renewable energy consumption by 2020, for instance.
Renewable energy has a number of benefits for the environment, both immediate and in the medium-long term.
Among other advantages, renewable energy:
- Greatly reduces greenhouse gas emissions
- Diversifies energy supply
- Improves overall public health
- Saves money
Worldwide, there is a general trend of increasing demand for energy that provides all these benefits, and more.
GreenX is a brand new ICO that intends to build a blockchain-based ecosystem for investors to discover and invest on renewable energy projects.
GreenX: The renewable energy network
Though the industry as a whole is on the rise, potential investors and developers still find it difficult to find and get involved in renewable energy projects. Such enterprises normally involve large initial investments in infrastructure and equipment, which require long fundraising campaigns.
GreenX’s platform intends to bring together developers and both corporate and individual investors, so they can find and collaborate on renewable energy projects.
The platform includes two separate, global, marketplaces in its ecosystem: GreenXCapital Market and the GreenX Global Exchange.
GreenX Market is a crowd-funding platform for Green Energy Developers to raise capital for their projects
GreenX Global Exchange is a secondary marketplace to trade investments in GE projects and GE equities.
This two-pronged approach offers substantial benefits for both developers and investors,.
Developers enjoy greater access to a global pool of funds, a much more streamlined application process, and quicker release of funds.
The benefits for investors are no less remarkable. They get access to profitable, eco-friendly projects, high level of protection against loss, and the possibility of contributing to projects worldwide.
Artificial Intelligence (AI) models and Machine Learning technologies are rapidly being implemented on blockchain-based projects. The sophistication of AI & machine learning algorithms allows the underlying engine to adapt to customer and industry trends, thus creating a much more efficient targeting of certain projects to certain customers, based on a set of fluid parameters.
GreenX utilizes a machine learning-based model for risk analysis, which will help minimizing the potential risks that customers may face during investment drives.
The AI model helps with:
- Risk Management
- Project Risks
- Economic Risks
- Political Risks
- Market Risks
Greenx in figures & quick facts
- Token Name – GEX
- Total amount of tokens available for sale – 225m
- Token price – 1 GEX = $ 0.20
- Private sale – April 15 to May 15, 2018
- Early-bird sale – May 15th to June 15th, 2018
- GreenX Token Sale – June 15th to July 31st, 2018
- Softcap – 2,500 ETH
- Hardcap – $30m
- ETH will be the only payment method accepted.
- All participants should either be accredited investors or pass the KYC/AML check.
The GEX token
As with any other ICO, the company will issue its own currency, the GreenX token (GEX), which is based on the Ethereum ERC-20 Standard.
The GEX token is the sole currency accepted on both the Capital Market and the GreenX Global Exchange. The token is sold through smart contracts.
According to the Whitepaper, GEX holders can invest in selected green energy projects around the world to earn passive cashflows or trade project equities for capital gains.
The token is designed to:
- Provide liquidity
- Value Appreciation
Once created, the tokens will be allocated as follows:
- Crowdsale – 60%
- Business Development – 16%
- Advisors & Partners – 7%
- Bounty – 3%
- Reserved – 10%
- Bonus – 4%
See below graph.
All funds raised through the token sale will be utilized to build a sustainable business.
See below graph for the planned allocation of funds.
Social Media presence and digital footprint
A strong presence on Social Media is usually a good indicator of a company’s popularity, though it is not the only factor that determines success.
Here’s the numbers for GreenX at the time of writing (late-April 2018).
- Twitter – 110 followers
- Facebook – 906 followers
- Telegram – 248 followers
- Medium channel
Bravo for the 1st release of GreenX white paper! ???#greenx#RenewableEnergy#ico#WhitePaperhttps://t.co/MGtHbmCOu3
— GreenX (@GreenXOfficial) April 15, 2018
Consult the GreenX Whitepaper for more information about the platform, additional features and services, etc.
The worldwide market for renewable energies is expanding, as new sources and locations to produce energy are found. It therefore stands to reason than an ICO whose objective is the creation of a space where people can find and invest on renewable energy projects carries long term viability.
GreenX’s blockchain-based dual marketplace system enables a comprehensive solution that caters for both investors and developers. The blockchain offers such advantages as tokenized projects enforced by smart contracts, a decentralized funding model, and complete transparency to resolve some of the challenges commonly found by investors and developers.
The GreenX proposition may be particularly attractive due to its clever implementation of AI and machine learning routines to perform risk analysis on very volatile market conditions. This safety net may sway investors the GreenX way, as the underlying technology will assist investors in making better business decisions.
Overall, GreenX’s platform is a step in the right direction for the development of renewable energy projects, which will help us all in the long run.
If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at or on Twitter: @SimonCocking