UTILISING THE POWER OF THE BLOCKCHAIN FOR THE BENEFIT OF ALL
ENG8 aims to fully realise the “power” of blockchain, or the “Truth Chain” in its operations.
DECENTRALISING AND DECARBONISING THE GLOBAL ECONOMY
ENG8 aims to create rapid liquidity within ENG8 and increase our resource base so that we can accelerate the decentralisation and decarbonisation of the global economy to avoid the tipping points being reached or even reversed, to create a downward deflationary effect on energy prices, thus the whole global economy so people don’t have energy and food poverty and through decentralisation of the energy supply we will remove one of the main factors for wars.
ENERGY ECONOMICS BECOMES TOKENOMICS
The energy produced by a EnergiCell Powered Power Plant that produces heating or cooling and/or electricity has a market value. That market value ranges in Northern Europe between 5 cents/kWh for heat from biomass, 15cents/kWh for gas heating and over 30cents/kWh for electrical energy. That depends on the cost of the fuel / energy and the efficiency of the system used to convert it into useable heating, cooling and or electricity. ENG8 is able too generate and sell the energy “at source” (where the customer is) as well as sell heat / cooing through a community heating or cooling system, and electricity through an electrical grid. This energy can be traded transparently via the blockchain.
ENG8 WILL BE UTILISING THE ETHEREUM BLOCKCHAIN
ENG8 will securely monitor, control, and invoice out from each EnergiCell through the Ethereum blockchain.
ENG8 will open itself to the widest possible market for funding itself, so it can grow as fast and transparently as possible and diversify its financial risk. ENG8 is planning to:
- Launching a revenue generating ENG8 “Genesis” NFT to create an online community & raise 3,000 Ether as soon as possible.
- Launching ENG8 Generation NFTs linked to power generation as a way to produce as much power generating capacity as fast as possible. This is planned to be launched in Q3 2022.
- Selling ENG8 Energy Coins (a coin linked to each power unit generated, so we can create an energy trading and sharing community). This is planned to be launched in Q4 2022.
- ENG8 Share Tokens (linked to a share). This is planned to be launched in Q1 2023 as soon as we can list ENG8 Limited shares on a regulated market and ICO the token linked to the shares. This is in effect going to be a global IPO.
This will give everyone in the world the opportunity to invest in ENG8, accelerating the global economies decarbonisation, decentralising energy generation, whilst hopefully creating a more peaceful, loving, sustainable global community.
The ENG8 Energy Coin will enable an alternative currency to be created tied to the base cost of energy, a fundamental driver in national, regional and global economies.
If every household in the world has an ENG8 generator then every household in the world could have energy independence (ENG8 selling the surplus from the households plus to B2G and B2B so that it can create a return on investment for its investors).
Initially the ENG8 “Genesis” NFTs are planned to be issued in Q3 2022 to enable ENG8 to raise funds and reduce its “cash” burn as it rapidly grows by creating a token-economy that enables people to be partially or fully paid in NFTs.
DISCORD SERVER AND TWITTER NEWS FEED
ENG8 has a dedicated server on Discord for communicating with the ENG8 crypto-asset community. This has four specific topic areas; Genesis NFT, Energy Coin, Share Token. News updates are communicated here and by joining the Twitter Channel.
Revenue Generating ENG8 Genesis NFT
It is proposed that 10,000 ENG8 Genesis NFTs are linked to 1,000 kilowatts (or 1 megawatt) of EnergiCell generating capacity so that the value of the NFT after the mint is based on a solid investment rational.
One NFT would be linked to 100 watts of generating capacity, then it would generate 24/7 x 365 days a year at 90% productivity = 7,884 watt hours (7,8MWh). A thermal kilowatt hour rises with the price of energy and at the moment costs more than 10 cents, so each year the holder of the NFT would receive €78.8, however with global inflation prices this would be significantly more. An investor who wants a 10% return on his investment might expect to invest €788 to receive a return of €78.8 per annum.
The ENG8 Genesis NFTs mint price will be set up defined by the market conditions at the time of the mint.
One megawatt of heating oil releases 300kgs of CO2, so in one year one NFT would prevent 7.8MHW x 0.3tons/MWh = 2.3 tons of CO2 entering the atmosphere / annum. Including all greenhouse gases, the UK average footprint is about 13 tonnes CO2-e per person per year. To offset one person’s footprint they would need 6 NFTs to be carbon neutral.
Convertible ENG8 Genesis NFT
The ENG8 Genesis (GNS) NFT will be “soft” / virtually linked to future ENG8 power generation capacity. In future the ENG8 Generation NFT will be directly coupled to a specific generator and its generation capacity.
The ENG8 Genesis NFT will also be convertible into other ENG8 crypto assets later: the ENG8 Energy Coins, ENG8 Generation NFTs and ENG8 Share Tokens.
The ENG8 Genesis (GNS) NFT will in effect be the genesis crypto asset launched by ENG8 to bring distributed, zero carbon emission lower cost energy to the global community.
POST MINT TRADING - OPENSEA.io
Its proposed to use the Ethereum blockchain and promote / list the NFT on Opensea.io. Opensea is the main trading platform for all NFT’s and directly connected to the Ethereum blockchain. ENG8 will set a fee as a tax on trades between users on Opensea thus generating more income for the business according to the volume of the ENG8 NFT Collection on Opensea.io.
POTENTIAL CAPITAL GAIN
ENG8 Genesis NFT in addition to being entitled to a future revenue stream may also gain in capital value. The scarcity of these digital items is part of their appeal. An NFT cannot be copied, meaning it is scarce. The rarity of an NFT heightens interest all the more, potentially to the point that it is worth a considerable sum of money. The fact that only one owner can claim ownership of an NFT makes it that much more scarce. The more the ENG8 GNS NFT gains in value, the more ENG8 Crypto assets the NFT holder can purchase in future.
ENG8 GENERATOR NFT EXAMPLE
The example above illustrates the potential return on investment from an installed 20-kW-peak electrical generator installed in a house where 95% of the electricity is sold into the grid and the heat is given as “rent” to the hope owner. ENG8 will offer the NFT owner a percentage of the profit margin (for example 25%) from a power generator that produces in the example above electrical energy and heat. This would give the NFT owner in this case an annual return of 27,5% in return for owning an NFT that helped finance the generator and installation costs of 1000 Euros.
ENG8 ENERGY COIN
The energy produced by a EnergiCell Powered Power Plant that produces heating or cooling and or electricity has a market value. That market value ranges in Northern Europe between 5 cents/kWh for heat from biomass, 15cents/kWh for gas heating and over 30cents/kWh for electrical energy. That depends on the cost of the energy source and the efficiency of the system used to convert it into useable heating, cooling and or electricity. Purchasers of the ENG8 Energy Coin can redeem them for ENG8 generated energy, or sell them to people who want to buy energy from ENG8. The sales price and the redemption price will be structured so that there is a solid economic justification for trading the coins. Coin holders paying for ENG8 energy will be eligible for additional energy (as opposed to a discount), therefore creating an incentive to pay for ENG8 energy with the coins. This “burn” mechanism also will ensure that the coin circulation volume is maintained to ensure ENG8 Energy coin value.
ENG8 SHARE TOKEN - IPO / ICO
These will be linked to the shares of ENG8 Limited. In order to do this compliantly ENG8 Limited needs to list its shares on a recognised trading platform in a country in EU, US or Canada. Once the shares are listed on a market then ENG8 will ICO the ENG8 Share Tokens
EnergyNetiQ - INTELLIGENT ENERGY NETWORK
Networks of ENG8 Energy Generators will enable people to trade in the ENG8 Energy Coins and this generation and trade will create significant shareholder / ENG8 Token Holder value. Investors in ENG8 Genesis Tokens will not only benefit from holding the NFTS, but also benefit from being able to convert that value into other ENG8 block chain assets. This will create an intelligent national and global energy network that we have registered the trade mark of EnergyNetiQ for. This should enable a large percentage of the global population to be able to share in the benefits of the great Energicell technology. The faster we can grow this network and raise investment, the faster we can collectively decarbonise the global economy and reduce energy prices so it can sustainably grow.