Whatever we do today, a large part of it has been possible due to one thing - electricity. Without electricity, a lot of modern developments would not have been possible.
But this electricity market is facing some serious problems today. Today, most of the power that we use come from centralized utility companies. However, this is changing gradually and more and more people across the globe are shifting towards the green sources such as solar energy and wind energy.
While this might appear good superficially, it creates a huge gap in the market.
These consumers, known as prosumers, depend on green energy sources when their usage is low, but for peak usage, they will use energy from the utility companies. If the number in this category increases, then the revenue from electricity generated by these companies will start decreasing, and the tariffs will go up for maintaining infrastructure and grids.
This is absolutely unwanted, and a solution is needed strongly.
Introducing Hive Power, a totally new platform that has reimagined the energy market.
What is Hive Power?
Hive Power is a platform that encourages and increases the exchange of energy resources between prosumers, consumers and utility companies so that the usage of electricity is optimized and at the same time, the tariffs do not go out of bounds for maintaining the infrastructure.
Hive Power will create energy sharing communities. Each participant in the industry will get guaranteed rewards for their contribution. This is achieved by incentivizing collaborations between different participants.
In contrast to other projects, it takes into account all the different factors and accordingly creates an optimal solution that will benefit all participants.
This is what separates Hive Power from the rest. It encourages everyone to collaborate, other than to compete!
How does it work?
The best part about the project that anyone can generate electricity and sell the excess energy to the grids, and earn financial rewards in return.
Suppose, I have a solar energy set up in my home which can generate 15 units of electricity on a normal sunny day. Now during winter, my daily consumption is around 12 units. Clearly, every day, 3 units is a surplus. After storing this surplus for a week, the net surplus quantity exceeds 20 units, more than my backup battery can store.
If Hive Power was not there, the entire generated power would have either been wasted or else I would have had to give it away for free to the national grid.
But thanks to Hive Power, I can sell this excess power to the national grid and earn exciting financial rewards in return.
In this manner, it facilitates the exchange of energy between all the participants in the industry!
About ICO
The Hive Token or the "HVT" is the altcoin of the Hive Power platform.
The ICO sale will begin on 12th June 2018 and will end on 30th June 2018.
The project is currently priced at $0.25/HVT, accepting ETH.
The project is soft capped at $1,000,000 and hard capped at $11,750,000.
Verdict
Electricity is one of the most important utilities for us, and without it, life is impossible. But this same electricity market is facing some serious uncertainties due to the entry of a new market participant called prosumers.
If the number of such participants increases, the cost of electricity will go up exponentially for the centralized utility companies.
Seeing the challenge, Hive Power came up with a solution.
Hive Power's solution encourages collaboration among all the 3 components of the market. They have also created an energy community where various energy resources can be shared so that everything is optimized - ranging from utility and consumption to costs.
In short, Hive Power's solution solves a lot of critical problems for this industry, which is absolutely a must for mankind to progress further. Truly, this will change the energy industry for once and for all, for a better tomorrow.
Website: https://www.hivepower.tech/
Whitepaper: https://v.fastcdn.co/u/a25ac79a/29853262-0-Hive-Power-WP-1.3.pdf
Twitter: https://twitter.com/hive_power
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616
