I. Category & Industry
II. Description & White paper
III. Team, advisers & Road map
IV. Crowdsale
V. Expert and analytical evaluation
VI. Mentions in the media
VII. Author's opinion & Consolidated valuation
Electric energy is the basis for human existence in the 21st century. The life of the urban population is practically impossible without electricity. Even a short-term interruption in the supply of electricity can lead to interruptions in gas supply, water supply, and the supply of thermal energy. In addition, in view of the lack of electricity, all household appliances, and communications facilities are useless. Human is practically helpless.
The growth of the Earth's population, the expansion of the use of electrical appliances, even in underdeveloped countries, necessitates a constant increase in the production of electricity. Increasingly, for this purpose, mankind is turning to renewable energy, but a significant proportion of the electricity generated is accounted for by nuclear power plants and stations with combustible fuel. The latter exerts a great burden on the environment and the ecology of the Earth. Therefore, the development of a strategy for rational energy consumption is the most important technical and organizational task for humanity.
Electricity is a very expensive and perishable product. Its production is engaged in dozens of different types of power plants (nuclear, thermal, hydroelectric, solar installations, wind generators, etc.). However, not finding its consumer, electric power for a moment turns into thousands of tons of useless energy resources (gas, fuel oil, coal). The problem of coordinated production and consumption of electricity is solved by creating extended power systems, for which up to several hundred power plants can serve as a source, and large enterprises in several countries are the load.
Such a scheme significantly reduces the risks of "unclaimed" electricity, but a large length of electrical networks leads to an increase in transmission losses. To reduce losses in wires, the only rational way is to increase the voltage for transmission. However, the same leads to a sharp increase in the cost of power lines.
Another option to reduce transmission losses is the use of superconductors. The meaning of using such materials is simple - there are practically no losses for heating conductors. However, most of the existing technologies for the transmission of electric power by superconductors have not gone beyond laboratory research.
Great hopes in the development of energy are placed on thermonuclear installations. However, a number of technical problems in obtaining energy on an industrial scale from thermonuclear reactors are not solvable until now.
According to experts, oil and gas reserves on the Earth can end already in the 21st century, and coal reserves will still last for 3-4 centuries. At the same time, the negative impact on the environment with everyone only increases and no one can imagine how much humanity can carelessly exist on our planet. Therefore, the main efforts and the best scientific minds should be aimed at finding new and improving existing technologies.
Bittwatt (https://bittwatt.com/) is a matchmaking platform that connects all market players (from DSOs to consumers) and provides a standardized blockchain protocol for sharing relevant business information, all the while creating a decentralized service for energy supply, billing and balancing.
The Bittwatt Platform is built to make do without useless bureaucracy by syncing consumption metrics and other relevant information within the blockchain. Bittwatt streamlines current-day operations by removing operational costs and transfer fees, all this within an automated workflow that also optimizes energy transfers on an hourly basis: it transforms normal consumers into smart consumers.
On top of that, Bittwatt is built with sustainability in mind: as yield on energy is increased through the Bittwatt blockchain for all participants, energy waste and misuse are stamped out.
Our platform streamlines demand-response mechanisms in the grid through seamless transactions that aren’t subject to issues of trust – all that thanks to blockchain technology.
Bittwatt encapsulates a series of core capabilities that enable scaling around the needs of each brand or each location in its network. With Bittwatt, power plants, suppliers, consumers and other operators can contribute in ensuring energy is no longer wasted.
The system also empowers all participants in creating sustainable and environment-friendly energy practices, that don’t compromise on modern-day human comfort.
Bittwatt’s role is to standardize all of the steps of a transaction, leading up to the payment, and to provide accurate and consistent data for the settlement. The main purpose is to reduce the cost, settlement risk and operational risk of clearing and concluding multiple transactions among multiple parties. Global Bittwatt Value Chain projections is correlated with the quantity of energy supplied over the platform - when the traded energy volume grows, the token value grows along. The total token volume is 400 mil. BWTs, corresponding to an estimated value of 0,12 $/kWh/BWT.
The Bittwatt Whitepaper (January 16, 2018 v 1.0; 31 sheets) is good prepared (https://bittwatt.com/static/files/Bittwatt-Whitepaper-EN.pdf). It has main information. Also, there is all necessary information for the buyer of tokens.
Daniela Cristina Stoicescu (https://www.linkedin.com/in/daniela-cristina-stoicescu-a1114219/), CEO & Co- founder. Daniela is the General Manager of a power supply company, with great focus on domestic and business consumers. She’s in charge of the company politics for expanding the portfolio and new markets while keeping focus on adopting new industry developments. With her IT background she managed to carry several development projects for the national power distribution and transportation networks, including implementation of concepts such as Outage Management System, Virtual Power Plants and Smart Grids.
Cristian Hagmann, General manager & Co-founder. Christian Hagmann has more than 20 years of experience in the energy sector. Acting as a entrepreneur and delivering special IT solution for power management, Christian’s first main project was developing the fault and network solution for Viena’s power operator. Starting with 2012 he expanded his company in East Europe by providing services for smart network implementations and network automation research. His strategy is to always move forward, continue to develop and adopt futuristic ideas. Starting with 2016 his focus switched on the blockchain technology and its applicability in the energy ecosystem. In 2017 he started his work as advisor for the Coss ICO and also started developing Bittwatt as one of his greatest masterpiece.
The executive team and advisors (https://bittwatt.com/#team) are driving force behind Bittwatt’s business development.
The core team consists of talented professionals from IT-developments, marketing, and energy industry.
The team of advisors consists of outstanding professionals in the field of energy, communications, finance, law and other areas.
The road map (https://bittwatt.com/#roadmap) of the project is well detailed. Everything is painted quarterly from 2017 to 2022 years.
Token name: Bittwatt
Ticker: BWT
PLATFORM: Ethereum
Token Sale Period: Apr 1st - May 27th
Total supply: 400,000,000 BWT
Total for Main-sale: 245,000,000 BWT
Token Price: 0.12$=1BWT ; 4783 BWT=1ETH
Softcap: 25,300,000.00 USD
Hardcap: 30,400,000.00 USD
PAYMENT METHOD: BTC, ETH and COSS
Country: Singapore
Whitelist/KYC: KYC
Restricted areas: USA
I decided to do the Bittwatt review at the request of my friend, who said that this is a wonderful project that is hidden from the public, as there are no reviews on it on any authoritative websites that make the expert evaluation of the ICO projects. And my friend was right. I found only one estimate (https://icobazaar.com/v2/bittwatt). But I will not use it in this review because it will not be objective. However, I want to draw attention to the fact that project was sale many of their tokens at the pre-sale stage (Whitepaper: “Pre ICO was a grand success as we raised 10.8 MN USD in less than 5 days. (121,500,000 BWT tokens sold)”). If this is really true - this project will be successful and goes to a new principle - in the circle of anonymous large investors. This is a very significant fact. As usually such projects are successful in the future.
I also studied carefully the official legal documents (https://bittwatt.com/static/files/Legal-Opinion.pdf), and I can say that real law professionals were worked by it. It contains a lot of information of legal content. But the main thing is that the project has a clear legalization, it means that there are no signs of a scam.
- Cointelegraph: (https://cointelegraph.com/ico-calendar/bittwatt)
- Coin5s: (https://coin5s.com/content/can-energy-company-bittwatt’s-ico-be-compared-ipo)
Today my consolidated valuation consists of my own opinion: 1) WEBSITE-4 ; 2) WHITE PAPER-4; 3) TEAM-4.5; 4) ADVISORS-4.5; 5) VISION-4; 6) PRODUCT-3; 7) CROWDSALE-4.5; 8) MEDIA-3; 9) PARTNERS-4; 10) The current position of the global crypto-currency market-3;
4+4+4.5+4.5+4+3+4.5+3+4+3=38.5/10 = 3.85
Final “Ramon’s rating” for Bittwatt ICO = 3.85
3.85 of 5.0 points – a good score, obtained on strict criteria and impartiality and also taking into account the current state of the global crypto-currency market, and also taking into account the peculiarities of the lack of publicity of this project.
IF ABSTRACTED FROM THE SPECIFIED FACTS, IT IS POSSIBLE TO APPLY THE FOLLOWING: As you can see, the project is beneficial for the consumers as well as for the energy producers. As a result, it will be able to gain traction easily. This is the reason why the potential of this project is definitely huge. Also, since the company is still raising money with the help of ICO, you will be able to get in quite easily currently. The valuation is currently also favorable for the investors, which provides you with an added advantage today.
Bountyhive Username: Ramon