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
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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