Democratizing access to wholesale energy markets
- ICO start: 30. Oct 2017
- ICO end: 13. Nov 2017
Technology: Ethereum blockchain
Grid+ ICO Short Review
Grid+ functions as a commercial utility in select deregulated markets in the United States. Grid+ agent devices pay for all electricity bills automatically and in real-time. All payments are done over state channels using BOLT tokens. Each BOLT token is equal to $1.00USD and is 100% backed by USD deposit. For transparency, all fees from these payments are held by a fee vault smart-contract called Karabraxos.