GIGAJOULE

Rian Stalkers
4 min readOct 5, 2019

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WHAT IS GIGAJOULE ?

Gigajoule is a project that implements advanced technology in the form of floating power plants. Each floating power plant is mounted on a barge, and consists of two SGT-A65 aeroderivative gas-powered turbines. The floating power plant has a 132 MW power plant capacity. The technology behind the Gigajoule floating power plant is provided by Siemens, and each project consists of 4 barges with a total output of 528 MW.

Electricity, for the most part, is a worldwide utility that is easily accessible to consumers. But when it comes to the energy industry as a whole, the conditions turn into stringent regulations, monopolies, or even total chaos. Producing electricity itself is only half of the story — utilizing existing networks, matching supply and demand, and reducing greenhouse emissions while producing them is a complex task.

The energy industry is the key to bringing growth and stability to society. As many as 2.8 billion people do not have access to electricity or only have partial access, according to data from the International Energy Agency (IEA). Markets with limited or no access to electricity are concentrated in three main regions — South America, the Indian subcontinent, and Africa.

While the number of people without electricity is cause for concern, it seems to decrease rapidly. In the past two decades, hundreds of millions of people have received easier access to electricity. This trend also coincides with the growth of electricity from renewable sources, which face special challenges in joining the electricity grid and recording and market prices. The IEA also estimates that renewable energy will be increasingly important:

The solution
Gigajoule will launch a natural gas-powered solution known as the “Floating Power Plant”, based on technology developed by Siemens. The Floating Power Plant uses advanced technology in the form of a Siemens SGT-A65 generation unit that uses derivatives from Rolls Royce Trent aircraft engines. Two SGT-A65 gas-fired generating units are installed on a floating platform, with several units deployed at each location depending on demand. This innovative system produces electricity that is efficient, clean, reliable, and flexible. Gigajoule will be regulated in Malta, a pro-blockchain regulatory environment. In addition, ships with the Flag of Malta enjoy registration and tax benefits.

As with other developments in the energy market, changes are largely placed within the borders of the nation-state, mostly where the rules and regulations that benefit facilitate the renewable energy market. Renewable Energy is largely an unpredictable source of energy. For this reason, the process of integrating renewable energy into the grid rather intensifies the data, inviting challenges and opportunities to find innovative solutions for the calculation, recording, prediction and seamless integration of renewable energy to obtain more environmentally friendly energy.

However, we cannot exclude regions that emit energy that exists in South America and pockets that emit successful energy in Africa, one of the markets developed for alternative energy sources. But that doesn’t come without its own problems — there are regions in Africa where renewable energy is easily accessible but it is very difficult to increase the investment needed to build infrastructure and use technology in place.

GIGAJOULE TOKEN

To finance the implementation of the Gigajoule project, an initial exchange offer (IEO) will be carried out, by issuing digital tokens, called Gigajoule tokens (GIGJ). Unlike most ICO and IEO, GIGJ tokens will not be simple utility tokens, can be exchanged for goods or services that will be produced in the future. Instead, GIGJ tokens are arranged as collateral: the token holders will benefit from the success of the project. GIGJ token holders will be entitled to receive an annual dividend of 15% of the profits generated by the Gigajoule project, proportional to the number of their tokens.
Name: Gigajoule Token
Symbol: GIGJ
Technology standard: ERC-20
Total supply: 65,625,000
IEO Sales: 52,500,000
Standard price: USD 1.00
Hard stamp: 50,000,000
Soft stamp: 10,000,000
The initial coin offering must be divided into two general stages: private sales and public sales of IEO. Discount incentives apply according to the following table:
Personal Pre-sale: 30%
IEO Round 1 (5 days): 12%
IEO Round 2 (5 days): 10%
IEO Round 3 (5 days): 5%
IEO Round 4 (5 days): 0%

Distribution token
IEO token sales: 10%
Gigajoule Team: 10%
Advisors & partners: 80%
Use of funds
Arrangement fee: 40%
Shipyard staff: 5%
Production Staff: 5%
Project development: 25%
Barge construction: 25%

ROADMAP

APPLICATION

SEP 2019
NOVEMBER 2019
March 2020
SEP 2020
NOVEMBER 2020
MAR 2021 Formation and arrangement of Malta-based parent company Pre-sale of Personal IEO

CONSTRUCTION
April 2021
July 2021
AUGUST 2022
NOVEMBER 2022
Carry out the procedures for disbursement of construction, administration and control.

OPERATION
JAN 2023
DES 2042
Electric power supply begins and continues for the next 20 years, based on the Power Purchase Agreement with the Nigerian government.

Tim David Gardner Founder & Senior Engineer
Chris Potter Maritime Founder & Engineer
Warren Schwartz Founder & Software Engineer
Russel Schwartz Founder

MY INFORMATION :

MY PROFILE : https://bitcointalk.org/index.php?action=profile;u=2051414

https://gigajoule.io/
https://secureservercdn.net/160.153.137.210/d37.ba6.myftpupload.com/wp-content/uploads/2019/09/Gigajoule-Whitepaper-v9.pdf
https://www.facebook.com/gigajouletoken
https://t.me/Gigajoule_group

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