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WebsiteFinexbox Launchpad

FRED Energy

ICO
IEO
Ongoing
Jun 29, 2019 – May 29, 2020

FRED Energy aims to promote and facilitate greater adoption and generation of alternative energy by consumers and Fund Research into Energy Devices (FRED) Rising energy costs, fuel poverty and access to support and funding for energy device innovators are some of the problems FRED Energy aims to solve.

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Overview

Project industryEnergy & Utilities
Product typePlatform
FoundedUnited Kingdom
Hashing algorithmCryptonight
Block time6 minutes

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What is FRED Energy

Project Energise will focus on Electric Vehicle (EV) charging stations. Building on Project Accelerate, we aim to increase the number of charging stations where there is a demand now and for the future.

Implementation will initially look towards Asia with further plans to target the emerging EV markets in the EU and UK. EV charging stations that are strategically sited can become community hubs benefiting other service providers and the public offering great long-term prospects. The community hub model would provide a central base and include a larger number of charge points enabling top-ups between jobs.

Charging stations will be part ownership or fully owned by the FRED Project and use an app based PAYG scheme with the aim to facilitate payments in local currency, and usage of FRED Energy Tokens.

After reaching ROI, income from charging stations will then be used to expand the charging network into other niche areas and used to fund further projects.

EV charging stations bring further possibilities of partnering with other blockchain platforms that offer peer-to-peer (P2P) renewable energy trading. The global electric vehicle infrastructure market is forecast to be worth $63 billion by 2025 (GVR, 2019) and FRED Energy is looking to be part of this new ecosystem.

Details

Public sales: Jun 29, 2019 - May 29, 2020
IEO (Finexbox Launchpad): Sep 01, 2019 - Sep 30, 2019
Token supply: 808,000,000 FRED
Total tokens for sale: 460,560,000 FRED
Soft cap: 120,000 USD
Hard cap: 2,300,000 USD

Legal

Blockchain Platform: Stellar
Country limitations: China, USA, North Korea
Registration country: United Kingdom
Office address: 27, Old Gloucester Street, LONDON

Token info

Ticker: FRED
Token standard: ERC20
Token price in USD: 1 FRED = 0.01 USD
Accepted currencies: XLM, ETH, BTC, LTC, BCH, TRX, XRP, BNB
Token distribution:
57% - Token Sales
6% - Coin to Token Swap
14% - Project Reserve
5% - Marketing
3% - Partners
6% - Founder
6% - Team
3% - Advisors
Funds allocation:
Online Marketplace - 10%
Product Development - 20%
Marketing - 10%
Project Accelerate & Energise - 35%
Funding Research into energy Devices - 20%
Legal & Company Fees - 5%

Offices on the map

FRED Energy Roadmap

1
Q3 2018 Project Launch

Own Blockchain Launched based on Turtlecoin code

2
Q2 2019 End of mining

Old FRED Energy Coin blockchain made redundant

3
Q3 2019 Switch to token

Token Sales start, Company Formation and legal requirements completed

4
Q4 2019 Project Development

Create partnerships, Continue development of compact solar energy device

5
Q1 2020 Marketplace

Online marketplace goes live. Review innovator partnerships, continue development of marketplace

6
Q2 2020 Project Accelerate

Project review, Implement project Accelerate. Explore new developments (EV charging, Small solar farms)

7
Q4 2020 Explore

Explore and select innovations suitable for project funding (FRED). Review exchange listings and markets

Project team

Michael Josefsen
Michael Josefsen
Founder & CEO, Business Solutions
Michael Josefsen linkedin
Philippe Delvigne
Philippe Delvigne
Creative Director & Community Manager
Philippe Delvigne linkedin
Armand Pers
Armand Pers
Project Manager, Co-founder of Rentapp.io
Armand Pers linkedin
Wisdom Nwabundo
Wisdom Nwabundo
Marketing & Crypto Content Writer
Wisdom Nwabundo linkedin

Advisors

Daryl Naidoo
Daryl Naidoo
Advisor & Blockchain Solutions Architect
Daryl Naidoo linkedin

Social media

FRED Energy web-siteFRED Energy RedditFRED Energy MediumFRED EnergyYouTubeFRED Energy TelegramFRED Energy BTCTalkFRED Energy LinkedInFRED Energy TwitterFRED Energy FacebookFRED Energy DiscordFRED Energy Github

MVP

MVP URL

User rating:

5/5 ( 1 )
1

FRED Energy rating

8.2
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