Weekly Energo Q&A announcement
We welcome everyone to join Energo’s official community in the following ways. Through our communities, we can answer any questions you may have!
Q: For the team, the current token price can’t prove that you are a good project. What kind of measures will be taken to make the price of the token rise?
A: Due to the excessive trading and airdrops of the initial TSL, the price of the currency is controlled by a few people. However, the current sluggish environment has caused many small-scale investors to panic. Not to worry — we will implement some market value management plans to gradually stabilize the TSL price. Excessive manipulation of the currency price will make the TSL price more unstable, and the outcome will only be unsatisfactory. Therefore, we decided to upgrade our product to a public chain infrastructure, which will serve the B-end enterprise, thus diversifying our product applications. We will release an announcement in mid-August with more details.
Q: In the project currently being implemented, will the market value of TSL be reflected in the actual transactions in the project? If the price of the token is half of the electricity price, would you consider pulling the price of TSL up to match the amount of electricity?
A: The market value of TSL will not affect the actual transactions in the project. TSL represents the amount of available energy storage space. If the user stores clean energy in the energy storage system, the relative proportion of TSL will be consumed according to our algorithm. When the TSL price rises or falls, the algorithm automatically balances the relative ratio of the TSL.
Q: Regarding the cooperation between Enernet and Seoul National University, when will the project start and how big will it be?
A: The preliminary preparations for the first project has already started. Energo Labs visited Enernet and the project implementer in early July. We are now in the planning stage; the main purpose of this project is to deploy Energo Labs’ energy trading platform and new trading mechanism. The Philippines project does not have energy storage systems and the trading mechanism is auctioned, so the first project implemented in Korea will be a new milestone for Energo Labs.
