Energy.Blockchain.Future.
Let's decentralize |
Our mission is to create a peer-to-peer energy market that allows individuals and businesses alike to directly buy and sell renewable energy to each other, thus creating a truly liberal, decentralized, and a more sustainable energy ecosystem.
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Potential
The Outlook
million+
Potential clients EU alone
million+
Active businesses in EU
Token Allocation
The Tokenomics
Seed Sale
3% Allocation
- Total allocation: 30,000,000 MVOLT
- Vesting period: 11 months with a 2-month consolitation window
- Initial release: 20% on TGE, monthly releases of 8% after consolidation
- Seed Sale price: $0.04 per MVOLT
- Launchpad: TBA
- Start time: TBA
Public Sale
9% Allocation
- Total allocation: 90,000,000 MVOLT
- Vesting period: 20 months with 3-month market adjustment
- Initial release: 10% after sale, monthly releases of 5% after market adjustment
- Public Sale price: $0.06 per MVOLT
- Launchpad: TBA
- Start time: TBA
Price on Exchange & Token Burn Policy
- Price on exchange: $0.08
- All remaining tokens unsold from Seed Sale and Public Sale will be burned.
Staking and Liquidity Provider Pools Yields
MVOLT holders can stake their tokens or provide LP tokens to earn MVOLT tokens as rewards.
Period between 3 to 24 months.
APYs are dynamic based on total staked and time horizons, maintained between 8.5-13.5% range.
Unstake period: 10 days.
MVOLT staking in governance contracts earns 1% extra APY per year vested.
Key features
The Platform
● Disclaimer
Please note that the MyVolt platform is currently in the Alpha release stage, scheduled for late August 2023. This initial release is intended for testing and debugging purposes only. During this phase, the platform will be available to interested individuals who wish to explore and understand how energy trading will be conducted.
Furthermore, we are pleased to announce that in October 2023 the platform will enter its initial Beta stage. This Beta version will be open to the public, allowing users to participate and provide valuable feedback for further improvement and debugging.
It is important to emphasize that the MyVolt platform will receive continuous updates and enhancements. However, the deployment of the smart contract to mainnet, which governs the energy trading process, will be executed after the first European country releases the necessary legislation and implements peer-to-peer energy trading. This will ensure compliance with the Clean Energy Package, adopted by the European Union in 2019.
Please note that the information provided above is subject to change and it should not be considered a binding agreement.
Context
The Fundamentals
Since the introduction of the Renewable Energy Directive (2009/28/EC) in 2009, the deployment of renewables has kept growing year by year. The Renewable Energy Directive was revised in 2018 and is legally binding to the member states since June 2021. The existing directive sets the overarching European target for renewable energy and includes rules to ensure the uptake of renewables in the transport sector and in heating and cooling, as well as common principles and rules for renewables support schemes, the rights to produce and consume renewable energy and to establish renewable energy communities. Among many others, two key elements have been regulated by the Directive: the microgrids and the framework for peer-to-peer trading. Not many people talk about this, we know. We also know that this empowers the citizens in taking part in this market, in a never-before-seen manner. The reviewed Renewable Energy Directive has set the framework that will allow citizens to engage more actively in energy sactions and hence benefit from it, and this will ultimately result in the development of renewables self-consumption, peer-to-peer trading and renewable energy communities.
MyVolt`s plans
Energy the peer-to-peer way
P2P Trading
The Peer-to-peer - P2P - model opens up the avenue for buying and selling green energy, produced either by solar panels or alternative methods like small windmills, between you and your neighbor. Within this micro-grid system, trading excess energy becomes a reality, fostering an environmentally friendly community ethos. It puts the power in the hands of the prosumer and consumer to negotiate and fix prices in a democratic fashion. MyVolt`s platform for P2P transactions stands as a robust solution, perfectly suited for residential areas and communities across the globe, offering complete decentralization coupled with cryptographic security. The platform facilitates both automatic or manual modes of transactions, thereby creating a versatile trading ecosystem. This initiative not only democratizes energy trading but propels communities worldwide towards a self-sustainable and green energy paradigm. Expanding this model can change energy consumption, promoting global eco-awareness and resilience against energy challenges.
RECs but Decentralized
REC`s decentralized
Companies worldwide are becoming increasingly aware of the need to utilize renewable energy, even if only partially. Currently, businesses purchase renewable energy certificates (RECs), each representing 1 MWh of zero-carbon electricity generated by another entity for daily use. By doing so, they reduce their carbon footprint and comply with carbon emission standards. Currently, trading renewable energy certificates (RECs) is costly and complex. Transactions between operators can be difficult to trace and verify so they are often handled by intermediaries. Also, tracing energy is difficult. Here at MyVolt, we include solutions for trading RECs, using technologies like Blockchain. This will allow anybody to calculate and reduce their carbon footprint, in a fast and secure way. Purchasing renewable energy certificates offers several advantages. As more capital is invested in renewable energy, it becomes more cost-effective. By acquiring certificates that support existing wind, solar, hydro, you contribute to the growth of the renewable energy market.
Distributed Energy Resources For Everyone
Building DERs
Distributed energy resources (DERs) are small-scale power supply or demand resources connected to the electric grid. These power generation resources, which include microturbines, solar panels, battery energy storage systems, wind farms, and more, can be utilized individually or collectively to contribute energy to the grid. DERs are characterized by their close proximity to the point of consumption on the grid. In other words, instead of generating electricity and transmitting it over kilometers of power lines to the end-users, DERs generate power in close vicinity to where it will be consumed. Since electricity is generated in close proximity to its point of use, DERs minimize energy waste resulting from line loss over lengthy transmission lines. This ensures that more of the produced energy is utilized. MyVolt plans to create as many DERs as possible. We want to integrate as many houses, businesses, and electric cars as possible by installing solar farms of 1MWh into a smart microgrid.
Smart Energy
AI Powered
In an era where sustainable energy management is pivotal, MyVolt is set to redefine peer-to-peer energy trading in microgrids through cutting-edge AI integration. This bold move positions MyVolt not just as a trading platform, but as a beacon of intelligent energy exchange. Here are some standout features:
Incorporating these AI-powered features, MyVolt is not just facilitating energy trading; it`s reshaping the landscape of energy distribution and consumption. By offering a platform that`s intelligent, user-centric, and adaptive, MyVolt paves the way for a more sustainable and efficient energy future.
Powered by
Polygon Blockchain
In our view, Polygon network is the best partner for this project. High scalability, ultrafast transaction near-real time, super-security and minimal transaction and adaptable smart-contracts costs makes Polygon the perfect blockchain solution for MyVolt platform.
High Scalability
One of the main reasons we chose Polygon for our peer-to-peer energy trading platform is its high scalability and throughput. Polygon employs a unique hybrid Plasma and Proof of Stake (PoS) consensus algorithm that enables it to process thousands of transactions per second, significantly improving the overall performance and user experience. By utilizing Polygon, our platform can handle large transaction volumes and support a growing number of users without compromising on speed or efficiency.
Low Transaction Fees
A major advantage of using Polygon is its significantly low transaction fees compared to other networks, especially Ethereum. With gas prices on the Ethereum network consistently rising, it has become increasingly crucial to find a cost-effective solution that minimizes transaction costs for end-users. Polygon`s Layer 2 scaling solution greatly reduces gas fees, making energy trading on our platform more affordable, accessible, and attractive for a diverse range of participants, ensuring sustainable growth for our project.
Ecosystem Compatibility
As a project in the blockchain space, interoperability and compatibility with existing ecosystems are crucial. Polygon`s architecture allows seamless integration with Ethereum, the leading smart contract platform. This interoperability ensures that our energy trading platform can easily connect with existing Ethereum-based applications and services, enhancing our platform`s capabilities and attracting a wider user base. Additionally, the thriving Polygon developer community offers a wealth of resources and support for our project.
Security and Decentralization
Security and decentralization are paramount in the blockchain space, especially for a project like ours that deals with critical resources like energy. Polygon`s secure and decentralized infrastructure ensures the safety and integrity of our platform. Its Proof of Stake consensus mechanism not only provides strong security guarantees but also ensures that the platform remains decentralized and resistant to censorship. By using Polygon, we can ensure that our peer-to-peer energy trading platform remains transparent, trustworthy, and secure for all users.
Future integration with most popular wallets
The Team
Alone we can do so little.
Together we can do so much!
Iulian Pampu
Co-Founder / CEO
Software developer (Python Machine Learning, Swift, Javascript, ReactJS and Solidity programming) and a vast trading experience, is looking forward to the future of the energy market.
Marius Varvara
Co-Founder / CFO
With a solid background in Finance and Banks is enthusiastic about implementing blockchain & green energy solutions in people`s life.
Rares Gavriloaia
Co-Founder / Head-of-Operations
With a proven track record in administrative responsibilities and the optimization of office procedures, he will take the role of team coordinator for future operations.
Remus Cosmin Carstoiu
Co-Founder / Head of Legal and Compliance
Lawyer. Specialized in crypto procedures and legal development.
Eduard-Ionut Stefan
CSO
He is a business leader recognized for his profound expertise in technology and consulting. Stefan is notably acknowledged for his introduction of secure methodologies, making substantial contributions to the progress of technology. Highly esteemed speaker at cybersecurity events.
George Cosmin Popescu
CTO
With over 10 years of experience in tech industry, serves at CTO at MyVolt. His area of expertise include leading development teams, IT strategy, technical leadership and tech management. He is also CTO at Gesp IT Solutions, a company accredited with ISO/IEC 27000:2018.
Adela Nistor
Marketing Manager
Entrepreneur, with more than 15 years experience in marketing, promotion and development of products.