Verv (VLUX token)

ICO Dates TBD

Description

VLUX is launching an Initial Token Offering (ITO) in order to create VLUX tokens that will enable energy to be traded on the renewable energy trading platform that it has developed. By combining deep learning AI technology with blockchain, VLUX's peer-to-peer (p2p) energy trading platform aims to improve access to affordable, low carbon energy.

General
ICO Dates
04 Jul 2018 - TBD
Whitelist / KYC
Country
UK
Ticket
VLUX
Token Type
ERC20
Available for Sale
Financial
ICO price
1 VLUX = 0.67 USD
Accepting
ETH
Hard Cap
35M $
  • 1
    Q1 2015 - Verv Created

    Verv, the AI-based smart hub was created.

  • 2
    Q2 2015 - Seed Funding

    Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).

  • 3
    Q3 2016

    Verv started researching blockchain-based energy trading.

  • 4
    Q4 2016 - Awards

    Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.

  • 5
    Q1 2017

    Verv started gathering real home electricity data for energy trading trials.

  • 6
    Q2 2017 - Launchpads

    Verv was one of a handful of companies in the UK selected to be on Launchpad, Google’s global startup program, as well as Amazon’s Launchpad.

  • 7
    Q3 2017

    Government Grant For P2P Simulation Verv received a £150k grant from BEIS’ Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.

  • 8
    Q4 2017

    Crowdfunding Raise Raised £1.1million via equity raise on Crowdcube.

  • 9
    Q1 2018

    Implementation Of P2P Community In The UK Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy.

  • 10
    Q2 2018

    Technology Development More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Verv’s combined three channel CAD units.

  • 11
    Q3 2018

    Engaging Early Adopters Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.

  • 12
    Q4 2018

    Product Development Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.

  • 13
    Q1 2019

    Full Scale International Roll-Out Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.