Enter LCG Energy
LCG Energy is a energy reseller and contractor licensed by the German and Austrian Federal Network Agencies for Electricity, Gas, Telecommunications, Post and Railway that is active mostly in Germany and Austria, where it has more than 50,000 customers in the form of both individual households and small to medium-sized enterprises. The company both provides electricity and installs smart meters — advanced sensor devices that allow for precise, real-time pricing and payments. LCG’s clients save over 20% on their electricity bills thanks to smart meters and to the company’s efficient buying policy.
With such a large customer base and a network of over 1000 partners and suppliers, LCG Energy is uniquely positioned to bring blockchain to the energy market. After the token sale, LCG will use most of the proceeds for two purposes:
- buying energy on the market and offering better prices for consumers due to the scaling effects
- investing in highly promising energy startups in the segment of “green” energy that will provide good ROI to token holders and later offer energy to the ecosystem members at even better prices
All transactions in the LCG network will be carried out using smart contracts, which will allow for the exclusion of intermediaries (such as banks) to minimize fees. The token holders who buy their electricity from LCG will save even more, but even those located outside of the company’s business region can benefit. They will be able to use their tokens to finance the specially selected projects that focus on sustainable energy. Once those projects enter into the production stage, they will join LCG as energy providers on the network.
Blockchain technology has proven its potential for establishing the needed infrastructure for financial transactions and data exchange, which will rid us of informational asymmetries. With the financial industry being the first and most important sector to benefit from blockchain, many other industries were quick to follow. The energy industry is not an exception.
The LCG Energy project
LCG Energy is a new upcoming project in the energy industry that has been in development for the last 2 years. The company behind the project, LCG Energy, is a licensed energy company in Germany and Austria and has been acquiring energy on the open markets with a proven cost reduction for the end customer of approximately 20% below the average prices for 11 years. Furthermore, as an energy contractor, the company has specialized in the optimization of energy consumption for small to medium sized businesses and individual consumers with the help of Smart Meters, an innovative device similar to the traditional electricity meters that transmit data digitally.
LCG Energy is currently serving the needs of more than 50,000 clients in Germany and Austria and is expanding its services to the borders of Europe in 4 additional countries. The headquarters of the company are located in the Netherlands, with its subsidiaries in the UK, Hungary, and Gibraltar.
With its recent blockchain initiative, the company is planning to become the first licensed energy supplier to adopt blockchain technology for all of its operations, bringing its benefits for the end consumers to the fold. With their energy ecosystem, LCG Energy plans to give token holders a wide array of energy related services and opportunities.
The LCG Energy token
The LCG utility token is the main component in the architecture and economy of the LCG Energy ecosystem. Initially, the token will offer users of the LCG Energy platform to obtain various energy related services and will be used as a payment method. In the later stages of the development of the project, the LCG Energy platform will offer investment opportunities in the form of energy projects that are handpicked by LCG Energy and registered in land registers, which makes them regulated and completely safe from the investor’s standpoint.
LCG is a Utility token released on Ethereum platform according to the ERC20 standard.
- The number of tokens to be issued: 2,500,000,000 LCG
- Total for sale: 1,750,000,000 LCG
- Fiat currencies accepted: USD, EUR
- Cryptocurrencies accepted: Bitcoin (BTC), Ether (ETH)
- Soft cap: -
- Hard cap: 1,750,000,000 LCG
The LCG Energy ICO
The token sale will be carried out in three stages: Private-sale, Pre-Sale, Main Sale.
Private-sale:
- Dates: 01.08.2019–31.10.2019
- Hard cap in Private-Sale: 350,000,000 LCG
- Minimum Buying Amount: 5000 EUR
- Bonus on the Private-Sale Stage is 35%
Pre-sale:
- Date Pre-Sale: 01.11.2019–31.12.2019
- Minimum Buying Amount: 1000 EUR
- Hard Cap: 525,000,000 LCG
- Bonus on the Pre-Sale Stage is 15%
Main sale:
- Dates: 01.01.2020–29.02.2020
- Price: 1 LCG = 0,10 EUR
- Hard Cap: 875,000,000 LCG
The company plans to dedicate 80% of the proceedings will be used to purchase energy on the open markets drawing on its long standing experience in energy trading. The purchased energy at reduced rates will then be distributed among the community and will build the backbone of the LCG Energy token, protecting it from price volatility. The other 20% will be distributed among marketing and development respectfully.
Website : https://lcg-group.de/
Website : https://lcg-group.de/
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