GreenX ICO details
Start Date: 2018-5-15
End date: 2018-7-31
GreenX – The World’s Most Sophisticated Green Energy Network
GreenX is a blockchain ecosystem that enables individual and institutional investors to discover and invest in lucrative, low-risk renewable energy projects around the world.
Developers of renewable energy projects often find it difficult to raise funding for their projects as these projects are generally capital-intensive and require large capital investments. On the other side, institutional investors in renewable energy projects often face considerable risk of having to invest in one to few mega projects due to liquidity limits with their investment funds as the length of the development timeline of these projects can be long. In addition, most of the individual investors are not able to participate in these projects directly as more often than not they have a minimal contribution requirement, sometimes as high as $100,000.
GreenX solves the problems of both developers and investors by building an ecosystem that includes two global marketplaces – the GreenX Capital Market and the GreenX Global Exchange. The GreenX Capital Market is a crowdfunding platform built on blockchain technology, while the GreenX Global Exchange is an energy investment marketplace that operates globally.
Listing on the GreenX Capital Market is subject to an independent due diligence process along with an AI-based comparative risk analysis. Furthermore, GreenX amis to bridge the gap between its crypto platform and the real world by setting up GreenX subsidiaries registered in the respective project countries along with shared cash accounts with the developer, through which all investments and their returns are channelled. On the other hand, GreenX Global Exchange enables the investors to purchase equities of investment-ready, developed projects immediately where they do not wish to wait during the developing period of the projects.
The GreenX ecosystem provides unparalleled benefits for both developers and investors:
Tokenized projects enforced by smart contracts
The blockchain infrastructure allows green energy developers to tokenize their projects and attract investments from the crowd. Each investment proposal represents a tokenization event of a green energy project. The project equity is, in fact, a smart contract receipt, backed by real assets – which is the green energy equipment and infrastructure that the developer builds. The project can be funded by pooling small investment amounts from investors globally. Without cryptocurrency, this practice is near impossible to implement with fiat money due to legislation hurdles.
A global, decentralized funding model
The smart contract mechanism helps GreenX build a global, decentralized funding model that is not possible with fiat. The smart contract assures investor that there is no “smoking mirrors” or “back-room dealings” with the projects. All terms and conditions are laid out in codes and can be inspected quickly and easily.
Transparency with privacy where necessary
Lastly, the usage of blockchain technology protects the investors’ privacy while keeping necessary elements of the funding process visible. GreenX divides data into on-chain and off-chain. Most sensitive information such as KYC/AML clearances is encrypted and saved off-chain. On the other hand, public terms of investments are stored on-chain to showcase the project’s data integrity.
Green Energy Challenges
Despite having significant potentials, the green energy market currently faces multiple problems. Institutional investors, individual investors, and green energy developers all faces different challenges when participate in this market.
To overcome the challenges mentioned above for both investors and developers, Green X’s mission is to build an ecosystem that consists of two global marketplaces – the GreenX Capital Market and the GreenX Global Exchange. The GreenX Capital Market is a crowdfunding platform built on blockchain technology, while the GreenX Global Exchange is a global energy
Participants of the GreenX Ecosystem
The major participants of the GreenX Ecosystem include:
- Green Energy Developers: the developers join the GreenX network to raise funds for their projects. The ecosystem appeals to them because raising funds on GreenX exchanges have superior advantages compared to traditional fundraising, including assess to global capital pools, streamlined investment procedures, and low costs and commissions.
- Individual investors: individual investors can utilize the GreenX platforms to invest in attractive green energy projects around the world without any limitations on investment size or geographic location. In addition, they can quickly and conveniently liquidate their investments using the company’s secondary marketplace – GreenX Global Exchange
- GreenX Syndicate Network: GreenX’s syndicate networks comprise of accredited investors and institutional investors with close relationships to GreenX. The GreenX platform allows its syndicates to diversify their investments, thus reducing risks. For example, instead of investing $10,000,000 in one solar project with the traditional model, an investment fund can use GreenX to invest portions of the same $1,000,000 in 10 different projects, reducing the exposure for its portfolio.
- GreenX Investment Fund: GreenX runs its own investment fund alongside individual investors. The source of funding mainly comes from the company’s continuing operational profits, and partly with the exceed funding raised during the token sale after factoring in ecosystem building costs. GreenX invests in green projects in order to align GreenX interests with those of individual investors
The Investment Process
GreenX has a robust investment process to ensure that both fundraising, investing, and trading through our platforms are quick, secure, and effective. The investment process involves several key steps: