Website

Voltreum (VOLT)

ICO

Last updated: Oct 26, 2022

Voltreum is a future-focused technology company seeking to democratize renewable energy (RE) trading over power grids, increase RE penetration, and create a more sustainable future by developing innovative, eco-friendly solutions. Our first offering, Volt-X, is a blockchain-based peer-to-peer (P2P) platform for transparent energy trading across power grids, including smart microgrids and localized distribution networks, with a clear focus on fair pricing.

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Overview

Project industry	Energy & Utilities
Product type	Platform
Founded	India
Whitepaper	Open

Technical details

The VCP Engine consists of a gRPC server and gRPC clients. gRPC is a high-performance, open-source universal RPC (remote procedure call) framework. The VCP Engine, built on top of the gRPC framework, manages and makes sense of the data ingested from IoT smart meters. It incorporates smart business logic and provides data – that's filtered through this logic – to the Voltreum web and mobile frontend clients. Voltreum's blockchain-based subsystem is based on a powerful Proof of Stake (PoS) algorithm and smart contracts that help create a connected and decentralized peer-to-peer ecosystem based on a microgrid architecture. This subsystem connects to the Global Digital Cluster Coin (GDCC), a community-driven public blockchain that allows anyone to develop decentralized applications, create web3.0 services, and code immutable smart contracts. Smart meters are a vital component of advanced metering infrastructure (AMI), which is crucial for creating smart grids. Next-gen energy networks include AMI powered by Edge computing over 5G networks. Advances in data analytics, IoT, and cloud computing are also helping create a solid foundation to improve energy production and distribution, utility operations, and customer experiences with the smart grid.

What is Voltreum

Our efficient solution brings energy-saving and trading autonomy by connecting your renewable-energy grid with community and central grids.

Our blockchain-based platform promises efficiency in transmission, guarantees fair prices, and above all reduces dependency on traditional grids based on fossil fuels - helping our planet breathe.

The Volt-X application and VOLT hold the key to true borderless and decentralized energy trading between smart grid-enabled individuals, companies, neighborhoods, and even countries. With Volt-X, energy exchange won't be limited by geographical borders.

The solution can be rolled out globally with zero dependencies on geographical location or geography-limited factors. It will allow energy-deficit entities to efficiently meet their requirements and energysurplus entities to monetize their excess energy and avoid wastage Furthermore, the energy exchanged will be renewable and clean. Voltreum, Volt-X, and VOLT will incorporate solar, wind, water, and other renewable energy sources on the same microgrid, thus facilitating the shift to clean energy available on demand. Over time, Voltreum and VOLT will bring transparency and equitability into RE trading over microgrids. They will accelerate the global move towards sustainable, clean energy and stave off the damaging effects of climate change on the planet.

Details

Public sales: Nov 25, 2022 - Dec 05, 2022
Pre-sale token supply: 50,000,000 VOLT
Token supply: 1,400,000,000 VOLT
Total tokens for sale: 250,000,000 VOLT
Soft cap: 250,000 USD
Hard cap: 500,000 USD

Legal

Blockchain Platform: Binance Smart Chain
Country limitations: United States, Canada
Registration country: India
Registration year: 2021

Token info

Ticker: VOLT
Type: Utility-token
Token standard: BEP-20
Token price in USD: 1 VOLT = 0.02 USD
Accepted currencies: BSC, USDT
Token distribution:
Seed - 3.57%
Private Rounds - 7.14%
IDO - 0.40%
Dex Liquidity - 6.74%
Company Reserves - 17.86%
Airdrops - 0.71%
Treasury - 4.29%
MKT - 8.57%
RnD - 3.57%
Legal - 1.43%
Team - 7.14%
Partnerships - 2.86%
Staking - 17.86%
In-platformrewards - 17.86%

Voltreum Roadmap

Q3 2021 Due diligence

Deep dive analysis of the Energy market
Study of the current energy requirements/forecast for the next decade
Study of the problems with the current state of the energy market, challenges with global energy generation, transmission and distribution
Study of the problems faced by gencos, transcos and discoms
Evaluation of country wise energy market regulations
Articulating the problem statement
Competitor analysis - Including software and hardware players across the globe
Evaluation of key feature offerings by each player in the field
GAP assessment / SWOT analysis

Q4 2021 Core team formation

Identifying and interviewing subject matter experts from the industry
Shortlisting and rolling out of contracts/NDAs with selected members

Q2 2022 Project planning

Formulating the scope of work (SoW) document to cover the proof of concept testing and final state system development
Creating the work breakdown structure and timelines for tasks related to the power syste design, technology development, marketing, sales, and partnerships
Identifying the stakeholder management plan and RACI matrix
Formulating key project milestones with clearly defined timelines
Financial projections required throughout the project lifecycle

Q3 2022 Proof of concept / Minimum viable product development

Drafting of physical line diagrams and load profiles for the PoC
Evaluation of the various load profiles as per electric standards
Drafing of test cases based on variations in generation andusage considering differential loads
Procurement of smart meters and power/load equipments for the PoC
Development of a broker service for establishing communication with various smart meters (GSM, PLC, Modbus, Radio frequency mesh, SCADA)
Development of Voltreum Core Processing (VCP) engine and backend logic for recording transactions on the blockchain system
Smart contract deployment on the testnet server
Fine-tuning the VCP engine logic with an aim to develop a robust and resilient core
Security audit of the VCP engine
Deriving key metrics and associated costs for the end to end transaction to develop the business case and financial projections
Business case creation

Q3 2022 UI/UX development

Finalizing a list of top features/parameters in line with feedback from key stakeholders (Discoms, Govt agencies, End users)
User access management in line with significant data security and compliance standards
Mobile app and web interface UI and UX design

Q3 2022 Go to market / Whitepaper launch