Energi Token (ETK) ICO review
Energi Mine is a fully functional commercial entity based in Manchester, United Kingdom, with operations, sales, finance and administrative functions. The company currently manages over $140m worth of energy on behalf of its large Industrial and Commercial customers. We look after approximately 1,100 customer sites across Europe, UK, France, Belgium & Netherlands. Customers include one of the largest law firms in the world, one of Europe’s largest fuel retailers and the UK’s largest independent construction materials group. We use Deep Learning Artifical Intelligence models in our core offering, to streamline the energy procurement process. Through this , customers have access to energy consumption insights like never seen before.
Energi Mine aims to decentralize the $2 trillion global electricity markets which are naturally closed and controlled by a handful of large players. Energy companies are currently incentivised to sell more energy and at the highest possible price.
The market for power (electricity) generation is naturally becoming decentralised, in that more and more individuals and businesses are generating their own energy through renewables. However, they are still selling this energy back to the big energy companies.
Energi Mine is creating a platform that matches customers with smaller generators, as well as creating a global eco-system whereby users are rewarded with tokens (Energi Tokens – ETK) for energy-efficient behaviour.
We believe that when it comes to energy, reward mechanisms must have a financial benefit to the user before behavioural change occurs. Therefore, we believe that the tokenisation of the market will be the only real driver to create a more energy-efficient system.
For example, if a commuter is encouraged to use public transport by the Local City Authority, they could be rewarded by being given ETK. ETK then has a cash value, but could also be used to pay directly for the commuter’s domestic energy bill, or charge their EV.
Our goals are to reduce energy consumption globally, and create a token-based platform, which provides financial incentives to reward energy saving behaviour.