R&D (Research & Development)
First Usage Cases
Patenting and Samples Production
Team Building and Project Design
Platform Development, Legal, Negotiation with Grid Companies
Deploy Nodes and Energy Storages
Smart Contract Deploy and Testing
Platform TestNet Deploy
Platform Testing, Auditing, and Compliance Certification of Protocol
Platform Deploy, Pre-Release
Powerchain Platform Release
The purpose of this white paper is to present the Powerchain Project, for use by accredited purchasers to whom Powerchain.energy OÜ (“The Company”) is offering the opportunity to purchase the right to acquire in the future, pursuant to a Simple Agreement for Future Token (“SAFT”) to be issued by the Company, units of POWEC (“the Token”) for use on the Powerchain platform.
This document provides relevant and reasonable information to potential holders, in order for them to determine whether to undertake an analysis of the SAFT.
Each potential purchaser shall be required to execute a SAFT, as amended, restated and/ or otherwise modified from time to time.
The SAFTs and the Tokens have not been and will not be registered in the United States under the United States Securities Act of 1933, as amended (“The Securities Act” or any United States securities law, or the laws of any foreign jurisdiction. The SAFTs shall be offered and sold under the exemption provided by Section 4(A)(2) of the Securities Act and Regulation D promulgated thereunder, or to non US Persons who are not purchasing for the account or benefit of a US person as defined under Regulation S of the Securities Act.
This document is not composed in accordance with and is not subject to the laws or regulations of any jurisdiction which are designed to protect investors. The distribution of this document and the offering and sale of SAFTs and/or Tokens in certain jurisdictions may be restricted by the law of that jurisdiction and it is the investor’s responsibility to ensure that they comply with the laws applicable in their jurisdictions, which as at the date hereof, specifically includes, but is not limited to citizens or permanent residents of:- (i) the United States of America; (ii) the People’s Republic of China; and (iii) any other country where the purchase, sale, exchange or use of SAFTs and cryptocurrencies are restricted or regulated.
Nothing in this white paper shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it any way pertain to an offering or solicitation to buy any securities in any jurisdiction.
Use of the SAFT and the Tokens involves a high degree of risk, volatility and illiquidity, accordingly, there is no guarantee of that any revenue will be realised from purchase thereof. There may further be restrictions on the sale and transferability of the SAFTs and Tokens, accordingly, the risk will have to borne for an indefinite period of time
Certain statements, estimates and financial information contained in this white paper constitute forward-looking statements or information. Such forward-looking statements and or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward looking statements. All forward looking statements made in this white paper are done so based on information at the date in which same was drafted, and, the Company specifically disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement ontained herein or to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
The Company does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. The Company does not and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but, not limited to (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title of non-infringement; (ii) that the contents of this white paper are free from error and; (iii) that such contents will not infringe third party rights, accordingly, the Company is indemnified and held and harmless for any direct, indirect, punitive, special or consequential loss arising from the use of this white paper.
Prospective purchaser are not to construe any information contained in this white paper as investment, legal, tax or regulatory advice and we advise any prospective purchaser to seek same to determine the potential risks, benefits, burdens and other consequences which may arise.
The main Platform's User. The base of the entire system, performing in all important parts of the Platform: electricity buffering, its utilization, and payments clearing.
In order to receive POWECs, users are to install the energy storage, register in the platform, and provide the drives for use.
Energy storage members are the full-fledged platform's node, acting both as an energy storage and a virtual power station
The second function of the Platform is the electricity utilization. Backup generators are used for the balancing the large power system. They are connected to the network but don’t generate while being in a "hot standby" position. It is needful to power the grid during blackout periods or underloads of the main generators. Since such work is included in the overall tariff, it is not beneficial to the system.
The Powerchain platform proposes to use these generating capacities for mining. The platform will allow buying the electricity from such backup generators by paying their services with tokens. You only need to install mining containers to the grid, integrate them into the common platform, and combine a full-scale miner pool.
The miners will also pay for electricity with tokens and will be able to exchange the received cryptocurrency for the tokens.
The standard option. This category is presented by generators, including large and household RES plants,which are connected to the Powerchain system and can supply electricity to the participants.
The main Broker’s function is to ensure the power purchase from the platform to retail customers, and to provide the electricity cross-border transmission.
Along with other members, Broker can cooperate with other nodes. For example, to buy the electricity from generators in cheap, accumulate it in energy storages, and then sell it to customers at peak hours.
The Attractor presents a group of participants, typically - home/garage owners associations, property developers.