Is it possible to have an ICO with live & working product?

The Initial Coin Offering (ICO) is a new phenomenon that has gripped the technology world and is changing the way in which startups raise their capital. There is a huge amount of money invested in the initial coin offerings and this is not the end. ICO is transforming the fund-raising world.

The startup companies start ICO processes with establishing blockchain technology and certain rules. Their goal is to sell coins/tokens during the ICO, with the help of social media marketing, and cryptocurrency websites as a marketing medium to attract investors.

Most of the ICO projects are funded with nothing but a whitepaper, good website, and influencers that help the project to become popular. They are promising to launch their products when the ICO process ends.

On the other side, there are many new promising ICOs with live and working product, and lead users. So, on the question “Is it possible to have an ICO with live & working product?”, my answer is YES. I can easily proof my statement with Energy Premier.

Energy Premier is a blockchain-based energy retail & bidding platform that allows users to organize electricity bidding sessions, trade in our EPC utility tokens, and put their smart-grid electricity for auction, as well as connect smart meters to perform instant EPC payments.

The Energy Premier software is already developed (www.energypremier.com): a fully functioning, full-feature software platform for electricity bidding. We wanted to first build Energy Premier before we reach out to supporters and launch Presale and Crowdsale.

Our platform is live and operating already (www.energypremier.com), already having lead users (consumers & suppliers) and a team of blockchain innovators (incl. Tomoaki Sato), ex consultants (McKinsey, Oliver Wyman, AT Kearney, Google), investment bankers (Credit Suisse, Rothschild) and energy traders (Danske Commodities and others) to make it a success.

By doing so, we wanted to provide you credibility in our team and Energy Premier mainly by:

-Having a tangible, visible software solution shows that we do have a team already in place, rather than just a promise — this sets us apart;

-We have trailed and tested through multiple problem solving sessions the idea and business model — i.e. this means we will not first have the ICO and then see if the idea is plausible in reality — we already know it is;

-We have greatly already invested on our side — showing we trust and are committed to the idea;

-We are retaining & expanding the original team: there is continuity of knowhow & brainpower throughout the project.

Energy Premier achieves its mission of fair & transparent energy retail while bringing wide-scale societal benefits. We offer you a safe, trustworthy, reliable place for buying and selling electricity.

You can be sure that you are in good hands. We have a lot of advantages to proof that:

-Same fair market access applies to all suppliers. Same bidding rules are defined across all suppliers and same access is given to both small and large suppliers to bid for consumers.

-Electricity is more accessible. Consumers don’t need to go through extensive process to gather good offers for electricity. Overall electricity price is more accessible — giving way to development of industries

-All suppliers have same influence. Size and manpower of a supplier are no longer the key factor in winning deals — now all suppliers can access the same consumer that opens a bid.

-Energy Premier eliminates corruption. Only authorized suppliers can bid on Energy Premier, with competition based only on how good the conditions are — not on illegal agreements.

-Energy Premier establishes transparency. The bidding, pricing and registration processes are fully transparent — Energy Premier serves as a platform, without special interest in any of the suppliers.

This is not the end — there is more yet to come! Energy Premier with its live & working product is currently launching a Presale. We have also released a Bounty Program through which we will be giving away 1 million US $ as a reward to our supporters and contributors.

Stay tuned!