The tokenization of the energy sector is currently the largest disruption of all disruptions sweeping across the globe. Consumers can now be able to gain in energy consumption and both big and small investors gaining a good return of investment (ROI) as high as 20% per annum.
Before now it was very difficult for small investors to invest in energy companies. Bigger players operate the winner takes it all syndrome. These big players due to governmental backings or rather lobbying have never considered the end consumers of this energy. Most times, the consumer has no say in the whole process and suffers energy overpricing. These and many other factors surrounding energy distribution have called for a more consumer profit oriented intermediate company that will stand between energy distributors and consumers.
The emergence of LCG Token has brought succor and fresh air to energy consumers. Here is the company's mission extracted from the whitepaper "LCG Energy GmbH wants to change the reality of power and information asymmetries on both the energy markets and between big electricity providers and end consumers. The Company in conjunction with LCG Energy GmbH aims to become the first electricity provider in the world to adopt blockchain technology in order to resolve the issue with information asymmetries between consumers and electricity providers and bring full transparency to the industry. By channelling all of the consumption data through Smart Meters developed by its sister company LCG Energy GmbH and with the help of smart contracts, information about power consumption and the prices at which energy has been acquired will be made publicly available and will not be changeable by any entity - even by LCG Energy GmbH. People will no longer have to simply trust their electricity providers - they will have solid proof of the exact amount of energy they have consumed and will be protected against overpricing by the supplier."
With the solid foundation that LCG Token is built on, it'll be much more profitable if an investor comes in early. The main sales is currently going on, started on 1st March 2020 and will be ending on 30th April 2020. Token price at 0.10 EUR per token.
Consumers can as well trade their tokens on LCG platform. "The LCG Tokens will be freely tradeable on the LCG platform, which will be deployed in the initial stages of the project development and will be a vital part of the LCG ecosystem. Token holders will be able to trade their tokens with other members on the platform, use it as a payment and investment instrument for any energy-related services and products in the ecosystem and, if they are customers of LCG Energy, pay for their power consumption with a tiered discount system based on their loyalty and previous expenditures."
In conclusion, Blockchain and Cryptocurrency has come to stay. The early adopters of this technology stand to gain a lot in the future. LCG Energy is leading the mass adoption in the energy sector, being the first disruptor, they are pace setters. They lead while others follow. You can check out more info on their website.
