Yash PatelFrontend Developer
Rekha JainBackend Developer
Thomas KansyCarbon Credit Specialist, Advisor
15/01/2018Start of first Pilot
01/03/2018Launch of Web and Mobile app in Beta
18/06/2018End of BLS Pre-Sale
19/06/2018Start ICO Sale
30/06/2018Launch of new Android app
16/07/2018End of ICO Sale
20/07/2018Trading BLS starts
01/08/2018Start of second Pilot
BitLumens is building a decentralized, blockchain-based micro power-grid for the 1.2 billion people without access to electricity and banking.
Symbol: BLS bitlumens.com
19 Jun 2018 - 16 Jul 2018
Bitlumens mission is to provide options to rural communities to displace kerosene, wood or plastic-dependent households and give immediate access to cleaner, safer, and affordable energy in Latin America. Bitlumens brings electricity from renewable sources using Internet of Things (IoT) and the Blockchain to women in rural villages in Latin America. Thanks to solar energy and our technology, people can use electricity, charge their electrical appliances and even water their crops! Women lease our hardware and pay in installments denominated in BLS tokens. This allows them to build a credit score leading to financial inclusion and poverty alleviation. In addition, family members can buy tokens to send a remittance which could cover the expenses for the machine, meaning water and electricity bills can be covered. We also quantify carbon mitigation and particulate matter reduction in each household to allow women to become carbon credit issuers at a later stage.
To access and use BitLumens software, BLS tokens are needed. The tokens serve multiple purposes: villagers need them to pay the installments of their solar power device, banks need them to access the BitLumens SaaS (Software as a Service), family members use the tokens to send remittances.
Since most villagers do not have internet access to pay digitally 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 BLS will then be uniquely associated with the solar power device.
The BLS token is an ERC20 token based on the Ethereum blockchain. It does not represent equity in the company. Since every participant in BitLumens ecosystem will need to buy BLS from the open market, the demand for BLS will increase as the business scales.
- BLS tokens are required to access the credit score data of the 1.2 billion people who don’t have access to electricity and a bank account.
- Villagers use BLS tokens to pay for electricity.
- BLS tokens are used to send remittances.
- Carbon mitigation is verified using IoT and will be tokenized at a later stage.
- Whoever needs BLS tokens to access BitLumens services will have to buy them from the open market.
The ICO will terminate early if an equivalent USD 25 million has been raised. This amount corresponds to the projected funding and investment needs for a period of 3 years.