An amazing turn of events is coming from the digitalizing (computerization) of all facets of business including energy and finance to simplify and streamline operations. More and more automation is reducing manual repetitive tasks, freeing us humans to more challenging and creative endeavors, (i.e. Robots will replace manufacturing jobs) such as computer execution of a smart contract. Also, errors from human interventions will be virtually eliminated or reduced to a minimum, thus preventing any form of manipulations that could be used for personal gains (i.e. opportunism).
Energy converted from burning hydrocarbon-based elements, of coal, petroleum and natural gas are becoming more and more expensive to produce as they face restrictions due to concerns regarding the effects that hydrocarbons have on the surrounding environment. At the same time, a worldwide negative backlash from hydrocarbon pollution grows daily and deadlier (see “The Energy Reality”). Since 1750, humanity has pumped some 150 billion tons of carbon dioxide into the atmosphere. Almost half that amount was emitted since 2000 - 9.9 billion tons of it in 2016 alone.
Clean energy from solar and wind power are logical and evolutionary steps forward over hydrocarbon power. Both have been under heavy research and development and are believed to be competitive with hydrocarbon power production; however, each is subject to conditional output. Solar is dependent on daylight, and relative positioning and specific latitude play an important role in harvesting sunlight to energy. Wind power is a little more versatile than solar, but is completely dependent on wind current locations, limiting their commercial use to high wind corridors. Other forms of clean energy are being developed and one in particular, the Spatial Effects Generator (SEG), is described more fully below.
Traditionally, ledgers are strictly managed by centralized computer systems until Blockchain technology was developed. UE’s solution is to build a peer-to-peer distributed ledger (Blockchain). UE’s business application model combines a cashflow component layer, using smart contracts that attach to revenue produced by the physical GEMs in such a way that creates a seamless and immutable flow of revenue directly from the gross revenue generated by the GEM to UEC coin holders in real time.
We propose to build a financial shield around GEMs, initially using SEG machines, starting with R&D, manufacturing of equipment and finishing with the placement of SEG Machines to end-users. With UE’s blockchain application business model, UEC will become the definitive energy coin.
UE’s financial shield and business model follows the Token Shield guidelines according to the “Token Shield Protocol”. Here, pre-purchased energy Tokens called UEC are offered to purchase energy credits. The sale of UEC will bring new technologies to market that will change energy generation by expanding the use of decentralized, portable and scalable energy machines that produce clean green energy without burning hydrocarbons, much like running water running through an electric water turbine that produces clean green energy. UE shall be responsible for lease placement and retention.
UE shall manage cash flow with a state of the art blockchain and Token. What distinguishes UE from everyone else is our gross revenue sharing model. This model consists of a negotiated split of gross revenue from energy user payments from each new energy product.
The basis for UE’s financial model is an agreement that ALL funds entering UE will allow for an energy credit microcosm that is easy to understand and use by all parties in the UE Community. UE will develop a peer-to-peer computer-assisted self-managing system consistent with the definition of a Token Shield using the latest blockchain technology, and a firmware (embedded) mated to each energy device, inter-connected to our peer-to-peer UE Shield platform. This allows oversight of each GEM machine and it's electricity output while connecting key operational issues with management. It will track and order maintenance, repairs, and replacements, collect revenues, disperse payments and divide UEC revenue according to the preprogrammed, unchangeable, unwavering smart contracts.
The original blockchain technology has inherent issues with consensus, transaction speed, and scalability. Blockchain technology 2.0 addresses these issues. First, we are “leapfrogging” over the existing blockchains under development where hundreds of millions of dollars have been spent and moving beyond their known limitations, such as scaling and transactions per second. The aim of UE’s system is to scale up to thousands of transactions per second, per node and cross communicate with shards which allows us to operate a highly scalable worldwide real-time peer-to-peer system at an economic cost that until now was not possible, while taking revenue directly off the top of each operating GEM and distributing it to the UEC token holders worldwide in real time.
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