ICO KYC Report
2 members invited
About Verv (VLUX token)
What is VLUX?
Peer-to-peer energy and data trading protocol.
Company overview
VLUX combines deep learning AI with blockchain, to improve access to affordable, low carbon energy by enabling peers to trade.
Using VLUX’s existing energy monitor (“Verv”), VLUX obtains a comprehensive and real-time overview of the electricity consumption of a home.
Combining this with blockchain technology, VLUX aims to provide a secure and transparent ledger through which energy (and consumer data in a GDPR compliant fashion) can be traded on a p2p basis.
Green Running, the parent company of VLUX, was founded in 2009 with the initial focus on reducing energy consumption within the commercial market.
VLUX believes their blockchain-based trading platform represents a powerful solution to enable decentralized control and production of energy at the grid edge.
Ratings
Igor Karavaev
ico advisor and investor
Rated on 27 Apr 2018
Rated on 27 Apr 2018
4
4
4
5%
This rating's weight is reduced by 50% as there is no review added.
Douglas Lyons
Success Coach to Blockchain Startup Project Teams.
Rated on 14 May 2018
Rated on 14 May 2018
3
4
1
10%
Great technology with vision, however; from the standpoint of an investor, this particular application will take years to get mass adoption. So unless you are willing to wait a very long time (based on value proposition in whitepaper) I do not see this as a good investment.
Agree
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on 11 May 2018
Rated on 11 May 2018
4
4
3
9%
Experienced team and advisory board ... And very interesting project....
Agree
1 person agree
Graham Doggart
Blockchain Advisor and ICO Growth Consultant. Founder at Dynamic Abundance Advisory
Rated on 8 May 2018
Rated on 8 May 2018
4
5
4
9%
Smart idea.
Agree
James Sowers
Ico adviser
Rated on 4 May 2018
Rated on 4 May 2018
4
4
3
4%
This rating's weight is reduced by 50% as there is no review added.
Joseph Lowe
ICO Advisor | Integration Strategy l Certified Cryptocurrency Expert | realicons.io
Rated on 13 May 2018
Rated on 13 May 2018
4
4
3
4%
This rating's weight is reduced by 50% as there is no review added.
Farooq A Rahim
Founder - HeapX . Entrepreneur . Investor . ICO Advisor . BlockChain Strategist
Rated on 12 May 2018
Rated on 12 May 2018
4
4
3
4%
This rating's weight is reduced by 50% as there is no review added.
Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Midgard Ventures
Rated on 8 May 2018
Rated on 8 May 2018
4
3
3
4%
This rating's weight is reduced by 50% as there is no review added.
Phillip Nunn
Entrepreneur | CEO | ICO Advisor | Cryptocurrency Evangelist | Global Speaker | Blockchain Influencer
Rated on 3 May 2018
Rated on 3 May 2018
4
4
3
4%
This rating's weight is reduced by 50% as there is no review added.
George Han
ICO Advisor
Rated on 1 May 2018
Rated on 1 May 2018
5
5
4
6%
A good deployment of AI and blockchain technology.
An idea that will disrupt the way technology is consumed.
Agree
1 person agree
Oliver Isaacs
Blockchain Investor, Advisor, Influencer & Speaker
Rated on 4 May 2018
Rated on 4 May 2018
4
5
4
3%
This rating's weight is reduced by 50% as there is no review added.
Dipankar Bose
BlockChain Enthusiast|ICO Rating Expert|ICO Advisor
Rated on 11 May 2018
Rated on 11 May 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Julian Zegelman
Crypto Law Attorney | Blockchain Investor | Blockchain Speaker
Rated on 13 May 2018
Rated on 13 May 2018
4
2
4
6%
Is it opened for US investors? That's not good idea at all.
Agree
Zahid Imran
ICO expert and Advisor, consultant
Rated on 14 May 2018
Rated on 14 May 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Himanshu Chander
CEO of AMBCrypto |ICO advisor | Serial Entrepreneur | Inventor | Marketing Service |
Rated on 8 May 2018
Rated on 8 May 2018
4
4
4
3%
The idea is good, AI and deep learning can really help us.
Agree
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Financial
Token info
Token
VLUX
Platform
Ethereum
Type
ERC20
Price in ICO
1 VLUX = 0.5 GBP
Investment info
Accepting
ETH
Distributed in ICO
70%
Hard cap
35,000,000 USD
Milestones
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. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).
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. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.
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.
