 | VervICO Verv is a London-based startup who have combined AI and Blockchain to create the Verv P2P energy trading platform enabled by the VLUX Token. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Verv
Verv is a peer-to-peer trading platform provides an effective way to democratise the electricity system: by empowering households to sell their excess energy from solar PV or home batteries in an open marketplace. With an ability to predict the supply and demand of energy of a home, Verv's intention is to ensure trading is done at optimal times in advance, reducing costs and prioritising green energy consumption. Verv's aim is to enable VLUX token holders to become hosts on the platform, creating a community of prosumers and consumers able to trade with each other. VLUX tokens may also be given as rewards for developing Vervs Platform capabilities and may be able to be redeemed for goods and services.
LegalBlockchain Platform: Ethereum | Token infoTicker: VLUXType: Utility-token Token price in USD: 1 VLUX = 0.67 USD Accepted currencies: ETH Bonus program: In the mainsale: a 5% bonus on day 1 and 2.5% on day 2. Token distribution: 70% - Public 10% - Reserved 20% - Company Funds allocation: 47% - Engineering, Software, R&D 8% - Legal Costs 10% - Subsidised VHHs 21% - User Acquisition & Customer Education 5% - Contingency 9% - Ongoing Operations & Admin |
Verv Roadmap
Verv, the AI-based smart hub was created.
Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).
Verv started researching blockchain-based energy trading.
Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.
Verv started gathering real home electricity data for energy trading trials.
Verv was one of a handful of companies in the UK selected to be on Launchpad, Googles global startup program, as well as Amazons Launchpad.
Verv received a £150k grant from BEIS Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.
Raised £1.1million via equity raise on Crowdcube.
Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).
More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Vervs combined three channel CAD units. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.
Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.
Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.
Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.
Project team
Advisors
Social media
