Grid+

CategoriesEnergy
Market statusOn the market
Action (Smart Contract)?Yes
ApplicationPlatform that moves the transaction logic for both energy and payments onto a trustless architecture (blockchain + state channels), Grid+ reduces the administrative burden of processing transactions over legacy rails (traditional payment processors typically charge fees of 1.5 - 2.5% ). Additionally, by pushing market signals to customers, Grid+ enables customers 33 to make smarter decisions about their energy usage. This lowers their own costs, while also increasing​ ​the​ ​efficiency,​ ​robustness,​ ​and​ ​reliability​ ​of​ ​the​ ​electrical​ ​grid​ ​as​ ​a​ ​whole.
Attributes (token)1 BOLT=1 USD; 300 million tokens minted
Traits (blockchain)Proof of Stake verification
Date/TimelineICO in October 2017
Source URL #1gridplus.io • Verified 200 OK