The demand for energy and energy-related services has increased multifold since the dawn of industrialization. With the increasing pressure on our existing energy structures and the dire need of widespread adoption of sustainable energy practices, demand for various services and products in the energy sector has multiplied. Yet, there is no unified source of such services or goods where they can be acquired – for example, investments in energy projects are currently rather difficult to access for the smaller investor and energy optimization services for households and small to medium sized businesses is out of their reach.
But what if there was a transparent platform that combines a wide array of different energy-related services and products under one roof and makes them accessible to everyone? Turns out there is an experienced energy company out there that has been working on one for the past two years.
Solid background in energy trading and optimization
LCG Energy is a licensed electricity supplier, energy trader and contractor who is serving the needs of over 50.000 customers in Germany in Austria. With electricity prices in Germany currently being the highest in the world and rising, LCG Energy is swimming against the current and they are succeeding – since its foundation in 2009, the company has managed to achieve a 20% lower cost for their customers than the market average. This is an impressive result, allowing LCG Energy to expand its customer base and partner network every year, reaching 90M revenue in 2019 alone.
Transitioning to the future of energy
The LCG Energy project creates a sustainable energy ecosystem that will make all energy related services much more affordable and easily accessible to a worldwide user base. Additionally, direct customers of LCG Energy that have access to their traditional services will be able to enjoy further benefits from the blockchain initiative of the company, such as a revolutionary integration of their Smart Meters with blockchain technology.
The LCG Energy blockchain-based platform will be the heart of the LCG Energy ecosystem and will provide users with access to a wide array of energy services and products, with the LCG token facilitating all transactions.
One of the highlights of the LCG platform is the open marketplace where LCG token holders will be able to choose renewable energy projects to invest in. All of the projects listed on the platform will be added to land registers to ensure their full legal conformity and offer investors maximum security for their investment. Initially, LCG Energy will evaluate, select the projects that hold the highest expected returns and crowdinvest the funds acquired through the ICO in the most promising ones. All activities of the company related to the investments will be kept on the blockchain and will thus be visible for all members of the ecosystem, assuring the full transparency of the amount of funds invested as well as the returns.
LCG Energy plans to dedicate 80% of the funds acquired through the token sale to the acquisition of real energy that will be distributed among the participants in the ecosystem, as well as to the investments in the renewable energy projects we mentioned. This mechanism will ensure the price stability of the LCG token, thereby resolving the biggest issue with utility tokens on the blockchain markets – volatility. Important to note is that the LCG token is not a security and will not grant any rights on dividends or voting to its holders – its use will be limited to the acquisition of various goods and services on the LCG Energy platform.
As an experienced energy reseller, the LCG Energy company has been engaged in trading energy on the open markets since 2009 with a bottom-line financial performance of over 20% positive net return. The expertise of LCG Energy in trading will allow the company to efficiently invest the funds it acquires through the token sale and further benefit from the scaling effects by using the combined investment power of the LCG community, resulting in more value for the LCG token holders by distributing approximately 20% more energy than they would otherwise acquire themselves. As with any activity of the company, all transactions related to the acquisition of energy will occur on the blockchain and will be fully traceable for all LCG token holders.
The LCG Energy token sale
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 token sale will be carried out in three stages: Private-sale, Pre-Sale, Main Sale.
- Dates: 01.08.2019 — 31.10.2019
- Hard cap in Private-Sale: 350,000,000 LCG
- Minimum Buying Amount: 1000 EUR
- Bonus on the Private-Sale Stage is 35%
- 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%
- Dates: 01.01.2020 — 29.02.2020
- Price: 1 LCG = 0,10 EUR
- Hard Cap: 875,000,000 LCG
Learn more about the LCG Energy ecosystem, the company behind the project and their ongoing token sale on https://lcg-group.de/.