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Milestones Verv (VLUX token)

Live Energy & Data Trading Protocol

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.

4.0
14 13 expert ratings
Benchy 3.9
KYC
Experts
4.2
4.1
3.8
Review: coming soon PRO

Unknown
Token
VLUX
Type
Price
1 VLUX = 0.67 USD
Platform
Accepting
ETH
Hard cap
35,000,000 USD
Country
UK
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
Visit ICO website
Report

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.

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ICO KYC Report
2 members invited
Peter Davies
Passed
Conrad Spiteri
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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