Feb 22, 2018
Why are we needed?
The electricity supply industry is opaque. Consumers were never giving a say in what is powering their lives or businesses. Certificates of origin exist but double-accounting issues and reliance on the supplier’s word are strongly limiting their impact. But, drawing a parallel with the food industry, consumers’ preferences can shape the upstream industry – if they are given the right tools to do so.
How does it work?
On Irene Energy, consumers (i) hand-pick the individual producers that they like and (ii) pay them directly – in a public, verifiable and absolutely transparent manner thanks to the blockchain. We designed our Stellar-based token (Tellus) to do micro-payments. Micro-payments enable us to closely follow the intermittency of renewable production and hence to provide consumers with a unique and revolutionary guarantee with regards to what they bought, when and from whom.
Tellus was designed to grow with Irene’s business. Tellus is Irene Energy’s internal currency and as such, is necessary to join Irene Energy. Tellus is however completely transparent to end users (which pay their monthly electricity bills in national currency – just like with any other electricity supplier).
Tellus is also the first KYC/AML-vetted crypto community. Both on the primary and secondary markets, purchasing Tellus is conditional to successful KYC/AML screenings. Additionally, relevant authorities are able to freeze any address that would have been identified as being linked to criminal activity (Stellar enabled features). This makes our token compliant with existing regulations for financial assets. As such, Tellus anticipates crypto-regulations and positions itself as a long-term play.
Irene Energy is powered by Stellar: a blockchain built to do micro-payments and notoriously energy-efficient. In terms of brand coherence and positioning, we believe this is a strong competitive advantage that will facilitate future customer acquisition.
Q1 2017 - Creation
Mar 2018- Pre-sale
Dec 2018 - Main Sale II
Q1 2019 - First US Licences
Q2 2019 - US Launch
Attention. There is a risk that unverified members are not actually members of the team
$47 008 502
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