BitLumens distributes solar power devices in areas without a power-grid and connects them to the blockchain. By using the devices, people build up credit scores. Banks can access the data by using BitLumens own token BLS and use it to issue microcredits to those who urgently need them.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | ETH |
| Circulating Supply | 50% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
Bonus
- Pre-sale From August 6 to August 22 - Up to 40%
- Sale Day 1 - 20% Discount
- Sale Day 2-7 - 14% Discount
- Sale Day 8-14 - 7% Discount
- Sale Day 15-28 - No Discount $0.83
About
BitLumens is building a decentralized micro power-grid for the 1.2 billion people without access to electricity and banking.
Bitlumens distributes its solar hardware (mini-grids and solar home systems) through a dedicated group of agents that first collect information on prospective customers (know your customer or KYC). Upon completion, the solar hardware is installed, and users can pay for it in monthly installments denominated in BLS.
The devices run on BLS tokens which the agent purchases via the OTC market after collecting the monthly dues from each customer. All transactions are recorded on the ethereum blockchain, and we give clients access to their data, i.e., a credit score. Thus, by combining clean tech, fintech, the blockchain, and cloud computing, Bitlumens offers a software as a service (SaaS) to generate power.
Clients can download the Biltumens app to activate their solar machines and buy BLS tokens using their digital wallets. In case some of these customers do not have internet access to pay digitally for their Solar Home Systems, BitLumens employs agents who will collect the payments in cash and buy a corresponding amount of BLS tokens from the open market. The tokens are generated by smart contracts on the blockchain that get transferred to run the customer's solar machine.
If a customer defaults, the tokens are not generated, and the machine stops working as it is built with smart contracts on the blockchain that don't execute if there are no tokens purchased. Agents get paid in BLS depending on a commission basis depending on the commitments they received from clients.
