Irene Energy ICO (TLU)
Blockchain based network for green electricity
Irene Energy is a blockchain based supplier of electricity produced from renewable (green) sources. Irene Energy utilizes Stellar's blockchain to provide radical transparency all through the supply chain of electricity. Irene Energy will serve as a personal energy supplier that enables users to individually select which producers they would like to purchase their electricity from (independent producers, lneighbors, local businesses, etc). The selection process is somehow gamified (swiping right and left). Artificial Intelligence is utilized to ensure that the selection process drives the customer’s actual purchases, every 15min, to the closest possible producer.
Start Date
18 Aug, 2018
End Date
07 Sep, 2051
Irene Energy Score Analysis
Irene Energy is using the Stellar blockchain to develop a platform for electricity suppliers which will encourage transparency, efficiency and reduce costs. The only real advanatages that Irene Energy has over its competitors in the field seem to come from it using Stellar in particular. The product is currently in beta with its own dedicated websites which will all be further developed over time. The team is quite good with experienced management and developers aided by experts in energy markets but has inexperienced marketers. Irene has pretty high quality marketing but very little response from the crypto community. Only red flags here are crucial details missing from the whitepaper and a hard cap that's much higher than the soft cap.
Irene Energy Use of Token
Tellus (TLU) is Irene Energy's native token. TLU is based on Stellar's blockchain. There will be a total of 500 million TLU tokens, 300 million of which will be offered for sale via the ICO. TLU is Irene Energy's exchange tokens and by far the world's first ever green and clean tokens. TLU tokens will be used by users to pay for green electricity purchased via Irene's grid. Buyers have to pass a KYC/AML questionnaire to be able to buy TLU tokens.
Organization
Irene Energy
Platform
Stellar
Coin type
Utility Token
Category
Energy & Utilities
Soft cap
450,000
Max cap
22,500,000
Max supply
509,561,803 TLU
Price
0.12
Irene Energy Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
Irene Energy Distribution
Irene Energy Use of Proceeds
Irene Energy Team Members
Irene Energy Advisors
Irene Energy Past Events
- 31 March, 2019
Business model maturation, industry survey. Artificial intelligence models. Choice of blockchain technology. Client website development. Commercial partnerships, consumer-side engagement and first producer-side client (50MW). White paper release, Tellus creation.
- 31 March, 2019
Platform integration. SCADA (supervisory control and data acquisition) and Stellar integration.
- 31 December, 2019
Main Sale I (Europe)
- 31 December, 2019
Commercial finalization
- 31 December, 2019
Customer acquisition
- 31 March, 2019
Customer acquisition
- 31 December, 2019
Marketing campaign
- 31 December, 2019
Marketing campaign
- 31 December, 2019
Going after the hyper-decentralized generation capacity (Electric Vehicles, Smart Thermostat, ...). Rolling out to rest of the world.
- 30 June, 2019
Complete MVP. Partnerships.