In today’s world where energy problems are on a constant rise and the transparency for the data is none for us, data is stored with traditional methods a proper system is not in place for ease and simplicity. There are lot of middlemen in the system and data manipulation risk is high.
Bittwatt with his experienced team has launched a solution to this. Moving this traditional system to a blockchain. Cutting the middlemen and high in-between fees, this is a future ready project.
I have already covered all the project details about Bittwatt in my previous article, this article is specific about ICO stats speculation review. If you are interested in learning what is Bittwatt project, their aim, features of it, then please go to my other article. Link here.
Bittwatt ICO Details:
Name of the token: BWT
Block: Ethereum according to ERC20 standard
Total tokens: 400,000,000 BWT
Price of the token: 1 BWT = 0.12 $
Softcap: $ 30,000,000
Hardcap: $ 36,000,000
Bittwatt has its ICO ongoing now and you can participate in it and contribute for the same. The current price for the token is $0.12 USD. There are 4 phases scheduled for the ICO, here are the details:
The Pre-ICO is sold out and as of now ICO Phase 1 is active and will end on April 15 2018. The whole ICO will end at May 27th. You can avail different percentages of discounts till phase 4. Please refer to the image above for the reference.
Bittwatt Roadmap
We see very timely movement for the progress, every activity has given enough and reasonable time to complete the project. The final product with integration would be active in 2022. We see that mobile app is coming soon in 2018 November. The roadmap is informative and provides enough knowledge for future activities.
Bittwatt Token Distribution:
As of now Bittwatt is having an ICO for investments. These investments would be further used to develop this platform further more. Bittwatt plans to release:
- 400 000 000 BWT of tokens for the total amount of 36 000 000 dollars.
- 55% of borrowed funds (about 13 750 000 dollars) will be used for marketing and scaling of the platform.
- 30% of borrowed funds (about 7 500 000 dollars) will be used for development of the software of an ecosystem.
- 15% attracted monetary (about 3 750 000 dollars) of means will be used for integration into the existing traditional platforms.
Bittwatt Team
Bittwatt has two co-founders, Cristian Hagmann(right side) also is the general manager of the project and Daniela Cristina Stoicescu(left side) is also the CEO of Bittwatt. Talking about experience, Hagmann has had more than 20 years of experience working energy and power department and had this idea before to implement. Seeing the right opportunity he decided to power it. He already had contact will Stocicescu, who is incharge of a power supply company. Then they co-founded this company.
Other important team members of the company are Alexandru Ioana (Content Manager), Tudor Stomff (ICO Manager), Cristina Maria Banu (Marketing),Iulian Bobes (Research and Development Officer), Adrian Asevoaia (Project Manager), Marius Posa (Business Developer for Eastern Europe)
Is Bittwatt going to interfere with Power Distribution Grid?
Bittwatt’s website has already answered this question, they say
No, Bittwatt does not interfere how energy transport and distribution operations are completed, as it does not influence how the system is regulated. What Bittwatt will do is allow for the integration of data from all parties in the ecosystem, in turn aiding the selling, buying, and planning of energy, as well as reducing unnecessary costs and errors through simple and transparent means.
As previously stated, data sharing will make for faster processing times and will remove unrequired bureaucracy and reduce human error.
Bittwatt ICO Conclusion
Bittwatt is a great project and is targets a specific problem unlike other ICOs out there. Energy problems are on the rise and the bills are going to get more and more expensive. Bittwatt is a upgraded version or model of the current traditional method to tackle the future problems. This could turn into a great investment as they remain to be on track and have a solution ready to deploy in the market and this also makes out day-to-day life also better by adding transparency in the power and energy field.
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Disclaimer:
- I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
- All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
- I will not and cannot be held liable for any actions you take as a result of anything you read here.
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