Grid+ (GRID) ICO rating and details

Market

Price

Open 24H

Range 24H

Volume 24H

Change 24H
CCEX
3 one year ago

Price $ 0.0001

Open 24H $ 0.0001

Range 24H
L: $ 0.0001

H: $ 0.0001

Volume 24H ‐

Change 24H –

Oct 30, 2017

Nov 30, 2017

100% completed

$40 347 036

3.0 K

cap

goal

44% goal completed

90 000 000 USD

300 000 000 USD

past

1 GRID

=

1.15 USD

Token Details

Ticker

GRID

Accepted Currencies

ETH

Additional Details

About Grid+

Grid+ leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets, responding intelligently to changes in energy prices – decreasing costs and moving us all to a cleaner, more efficient future.

</ br>

Features

- Creates economic incentives through market-based energy pricing and encourages adoption of distributed generation (solar panels) and distributed energy storage (batteries)
- Encourages the adoption of distributed energy resources allowing more efficient utilization of existing grid infrastructure
- Dis-intermediates parties who offer little value from the electricity supply chain, removing administrative and financial overhead, decreasing prices for consumers
- The Grid+ Smart-Energy Agent is an always-on device that pays for your electricity in real time and always finds the best price available
- Grid+ customers will prepay with US dollars, which are converted to BOLT tokens. The price of 1 BOLT will always be 1 USD and BOLTs are fully backed by deposits
- GRID tokens are used to waive fees and give users extra privileges in the Grid+ platform and in the Grid+ Raiden hub

Technical Info

Technical details: Grid+ will operate with a two-token model, with each token being ERC-20 compliant. The BOLT token is a stable-coin, redeemable by Grid+ customers for $1 worth of energy and backed by USD deposits. The GRID token allows Grid+ members to waive fees both on the Grid+ platform and when using the Grid+ Raiden hub. They may also be used to purchase new versions of the Grid+ smart-energy agent. Proof of developer: Public team

Grid+ Roadmap

2015

TransactiveGrid is formed to demonstrate tokenization and trading of energy between participants with atomic functionality. Prototype is tested on a microgrid in Brooklyn.

2016

Co-Tricity project is born to explore energy trading between residential and commercial customers. Prototype is developed with European partners.

2016-Present

ConsenSys engages with multiple Fortune 50 energy companies. Several engagements are still ongoing. A small network of Ethereum-aware smart-batteries is deployed in Europe, successfully trading energy with one another.

Q2 2017 - Q3 2017

Alex, Mark, and Karl branch off of Enterprise engagements to form Grid+. Software MVP is developed in parallel with hardware agent prototype. The Grid+ white paper is released.

Q3 2017

GRID tokens are sold. See white paper for more information.

Q4 2017-Q3 2018

First utility is established in targeted region (Q4 2017) Agent production begins (Q1 2018) Agents are shipped to first customers and service begins (Q2 2018) Software reaches v1.0 (Q3 2018)

Q4 2018 - Q3 2019

Raiden hub opened and payment channels migrated (Q4 2018) Hardware agents contain secure enclaves and production process scales (Q1 2019) Agent opened to external data feeds, allowing crude AI (Q1 2019) 1-3 new utilities established and many more customers onboarded (Q2 2019 - Q3 2019) Software reaches v2.0 (Q1 2019).

Q4 2019-Beyond

Hardware production fully scalable (Q4 2019 - Q2 2020) Many more utilities established, including international expansion (Q4 2019 - Beyond) AI optimized to facilitate much more intelligent energy decisions (Q1 2020 - Beyond).