Since the industrial revolution has taken place, the power of large industrial owners has greatly monopolized market regulation. Throughout its history, until now, most of the people have no freedom to choose which power company to use. That is of course because there is only one option available, and control the entire market in its territory.
However, the status quo has changed a lot as more and more countries are making changes with the deregulation of their energy markets. So far, there have been about 35 countries that have done or are also in the process of deregulating the energy market. Combined, these countries account for about 44% of the total energy generated worldwide. Among the countries that have deregulated the energy market are Australia, most countries in Europe, Canada, and some also in the United States. In this case, we can continue to see other countries that will follow, breaking the monopoly of its energy market in the future.
Another trend that has happened is how fast the transition becomes a source of renewable energy, such as solar and wind power. That is, people around the world have finally had a choice. Not only which companies can be used, but also what type of energy resources are wanted for home use.
ApolloChain, one of the blockchain-based companies, has paid much attention to the trend. ApolloChain then works to further decentralize the energy industry. On this platform, a fully decentralized energy trading process is still underway, using smart contracts with the potential to revolutionize the way people use energy for their homes.
In fact, two decades later, renewable energy sources will take over a massive amount of fossil fuels. Based on the results of research conducted by KPMG, the use of solar energy in particular will jump to 330% worldwide by 2040.
Apollochain is built with "Fiber" from the Skycoin platform. ApolloChain this is a new energy trading platform, enabling users to be able to trade their renewable energy with each other. Smart electricity network or so-called Smart Grid, combined with IoT, AI, and also blockchain technology. So what many people call "internet energy" can be created.
With ApolloChain, owners of energy generators, wholesalers, institutional, up to individual electricity consumers, can directly trade energy with each other. One positive side, it can reduce trade financing centrally, and also avoid losses from government prices.
this project is also more profitable for power station. Because the power station can also increase the liquidity of its capital funding by gaining the crowdfunding of existing electricity. In fact, long before the construction of the power plant was done.
ApolloChain has the potential to deregulate, and to decentralize energy around the world. Can reduce human dependence on the use of fossil fuels, and switch by using renewable energy.
The picture below illustrates how the ApolloChain ecosystem is:
Users of ApolloChain can install "Smart Meter" device in their home. The device is a smart power meter that can track data of electric power usage more validly. With that data, smart power grids can be useful for reducing recharge costs, showing ways to reduce power usage, or lower other costs.
In addition to being used for trading between energy producers and consumers, APL can also be traded on crypto exchanges. Users will be more likely to be able to buy and store an APL token when the price of electricity in the market is low. Then sell it when the price of electricity goes up. Conditions that indirectly will also help in stabilizing the demand and the price of the APL token on the secondary market.
To be able to store APL tokens, ApolloChain has also provided the ApolloChain wallet that you can get here.
As for the sales phase of public token ICO Apollochain will be announced further. The minimum target in the ICO phase will be approximately USD 8 million, and a maximum target of about USD 20 million.
Based on what is written in the whitepaper, the following is the distribution of the APL token:
for more information you can visit the website that I have listed above .
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