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VLUX

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VLUX is a subsidiary of Green Running which operates under the trading name of Verv. VLUX is launching an Initial Token Offering (ITO) in order to create VLUX (VLX) tokens that will enable energy to be traded on the renewable energy trading platform that Verv has developed. By combining deep learning AI technology with blockchain, Verv’s peer-to-peer (p2p) energy trading platform aims to improve access to affordable, low carbon energy.
General
Website: Visit
White paper: Read
ICO Time: 4 Jul, 2018 - 7 Jul, 2018
Whitelist/KYC: Whitelist & Kyc
Country: United Kingdom
Token Info
Ticker: VLUX
Platform: Ethereum
Token type: ERC20
Available for sale: 59,500,000 VLUX (70%)
Financial
ICO Price: 1 VLUX = 0.5 GBP
Accepting: ETH
Hard cap: 35,000,000 USD
Social Media
  • 1

    Q1 2015

    Verv, the AI-based smart hub was created.

  • 2

    Q2 2015

    Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).

  • 3

    Q3 2016

    Verv started researching blockchain-based energy trading.

  • 4

    Q4 2016

    Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.

  • 5

    Q1 2017

    Verv started gathering real home electricity data for energy trading trials.

  • 6

    Q2 2017

    Verv was one of a handful of companies in the UK selected to be on Launchpad, Google’s global startup program, as well as Amazon’s Launchpad.

  • 7

    Q3 2017

    Verv received a £150k grant from BEIS’ Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.

  • 8

    Q4 2017

    Raised £1.1million via equity raise on Crowdcube.

  • 9

    Q1 2018

    Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).

  • 10

    Q2 2018

    More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Verv’s combined three channel CAD units. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.

  • 11

    Q3 2018

    Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.

  • 12

    Q4 2018

    Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.

  • 13

    Q1 2019

    Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.

Peter Davies

CEO & Founder

Maria McKavanagh

COO

Conrad Spiteri

CTO

Bobby Watkins

CCO

Steve Foster

CFO

Ewald Hesse

Head of Grid Singularity

David Shipworth

Professor at UCL Energy Institute

Francis Griffiths

Non-executive director at Verb

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