(1 Down) & 4 Eco- Friendly Crypto-currencies to watch

This cryptocurrency mining company that operates on green energy drawn from hydropower stations in European Alpian region. The business is located specifically in Vienna where 2 home mining machines in an apartment in 2014. This then grew into mining operations generated by carbon neutral hydropower stations.

This was categorized as a minnow stable coin with ownership to the Alpian hydropower station which was an attractive opportunity for investors. The masterminds behind this idea are Nadine and Nicole Damblon, the CEO and CFO respectively. Nadine Damblon main responsibilities were the business development, strategic planning and networking. The iconic sisters have been proactive in representing for the company through appearances at events/symposiums as well as empowering women on the sidelines of crypto. Nadine has also been the assistant director of Burgtheater GmbH, the co founder of Lumino mask and after the Hydrominer venture did no go to plan, became the CFO WAVE that is a freeze dryer company.

Model of the business allowed investors around the world to purchase H20 tokens that each hold 1 watt of power per H20 plus the dividend payments that those watts earned in their mining farm. There was a supply of 100 millions token total. The hydrominer token was built on the Ethereum blockchain. The plan was cost effective due to the placing of the mining equipment directly to hydropower stations in the Alps, leading to an access of up to 85% lower energy prices than European average.

Hydrominer showed transparency with being direct about its developments updating investors regularly through various channels including multiple news portals and social media platforms. They showed their true openhearted nature by inviting investors to come on their tours around their facilities. Consistency was something they were not lacking in as they also optimized their mining equipment and strategy to be with the industries most profitable cryptocurrency renewable energy companies. Hydrominers revamped model of tokenization reflects its mission to safeguard the security and assurance of its users funds. By doing this, protection of the business from probable complexities that would apply to a security system is guaranteed. The payments to their users would have been reflected in their revenue generated directly from the activation of mining credits redeemed for as long the company remained active and the investment was still held in the H20 coin.

The competitive advantage held by the business originated from steady, predictable and significant income from the lucrative but risky industry of cryptocurrency mining. The concept was unparalleled due to simplicity in use and management free training. Hydrominer operates on the basis of electricity cost, which provides a long term, predictable and consistent means of profitability for the user. They also had a partnership with Bancor network will mean that market participant would be able to liquidate or purchase H20 tokens without having to find a counterparty to buy/sell tokens. This eliminated the potential risks faced with centralised exchanges which was a major advantage to hydrominer investors. The hydrominer company would set up a Bancor token changer, BNTH20 and deposit 1% of ICO proceeds into the token changer smart contract.

Initially, things started off well as from August 2016 to July 2017 a total of 75.7% profit shares were recorded and this is because hydropower is cheaper than most other alternatives. Hydrominer opportunity was amazing from the presales support for demand. On the 25th of September 2017, a week long pre sale putting up 187500 H20 tokens for sale and in 36 minutes eager investors bought all the tokens. On the first day of the main ICO 18/10/2017 1500 Ethereum were spent in 30 minutes for the hydrominer token. However, with all these encouraging revenue trends for a clean energy company, there were issues that they could not avoid.

The hardly fought over ICO was under investigation due to financial and regulatory bodies within Austria. To tackle this, Hydrominer executed prevention methods by keeping on top of the everchanging regulatory, legal and tax frameworks. They established a relationship with legal firm Stadler Volkel to incorporate Hydrominer as a limited liability company in Austria and calibrated a token sale model to ensure compliance with all relevant Austrian local regulations. This caused a change to their model in which made it closer to a system of cloud mining; now investors were not holding H20 tokens but instead cloud tokens that bought certain periods of mining time for the hydropower station mining farm. Investors were left confused and believed the authenticity of the ICO compared to other cryptocurrencies had gone.

Their frankness and futureproof plan where users (traders/investors) could mine from wide range of cryptocurrencies according to their own risk appetites. Unfortunately, the rules killed the coin and the business was officially terminated in 2018. Now I bring this all up because “seeking alpha” website still displays the coin at price of $0.60 whereas dexscreener, coingecko and coinopsy have concluded the business is over. The cryptocurrency market is volatile and very risky especially with the rise of scammers so this is a message to beware of what you invest in.

I was a fan of the company and what they were promoting in renewable energy solutions. From experts in the crypto and blockchain side here are a few tips to understand before investing in a crypto coin:

1. Beware of Ponzi schemes i.e. quick profits and low risk returns regardless of the market conditions.

2. Investment models or business activities behind such schemes that are presented as too complex to explain.

3. Withholding access to documents that could attest to the legitimacy and existence of the business and its investments.

4. Anonymous/ undoxed teams.

5. “Blockchain with no blockchain”; “non validator nodes” and high APY DAO’s.

If you need more help regarding cryptocurrencies, I have a few factsheets that I can supply you with so drop a message in the comments section and we can discuss further.

Bitgreen (BITG)

The UN sustainable development plan demanded $50 trillion in new funding by 2030; impact investing has contributed $715 billion in 2020 to infrastructure and development. Climate action is not straightforward to fund due to government requirements and asset management. Cryptocurrency is a $2.5 trillion market cap and $100 billion TVL (total value locked) in DeFi (decentralized finance).

BitGreen has a way to solve this issue by combining impact investing, carbon credits tokenization, green bitcoin mining, impact communities, non-profit and philanthropic targets, corporate ESG reports and green supply chain.

Adam Carver is the CEO and co-founder of BitGreen and his inspiration stems from philanthropy where he has been a vital part of numerous startups as a founder with a decade of experience at tech companies and V.C. investing. The “work is fun when projects have meaning” is on his bio and his main targets with his businesses are health, blockchain/crypto, sustainability and human empowerment. He is highly educated with 2 masters from the University of Michigan (MBA and sustainable systems). His experience stems from structured finance at Morgan Stanley to being a director of a Angellist (investing seed start ups company), cofounder and managing director of The Fund ( company investing locally in the next generation of entrepreneurs moving the the world forward) and CEO of BattleStar/KeyFi (platform providing asset management through decentralised finance on an app). As you can tell this track record makes Carver a competent CEO.

BitGreen is built with substrate SDK a product evolved by Parity who are the team behind the infamous Polkadot cryptocurrency via B2B (business to business) and B2BC (business to business to consumer). BitGreen generates values for the protocol network through transaction fees and scale of usage by 3rd party and external applications. BitGreen has no plans to sell any specific products by itself, but rather develops, maintains and earns recognition for giving the basic framework and operation system for decentralized applications on its blockchain. As network usage expands, so too will the network’s intrinsic values.

The bootstrapping and the equity will cause substrate blockchain, the respective mobile apps and signature of MOU’s (memorandum of understanding) with 5 outsourced clients and continued adding to business development proposition.

The project was initiated April 2021 and the team upscales to 4 FTE (full time equivalent) with 5 contractors. Afterwards the substrate chain and mobile apps are ready for the public and on October 2021 the legal obligations, branding and fundraising causing 1989% surplus of their minimum goal raised at $4,972,905 to be reached was raised by 1886 investors. The 1st decentralised apps finished, while the team was marketing aggressively allowing the app to live with 2 large partners already invested.

The main reason for sustainability for BitGreen is the satellite and drone remote forest sensing, energy grid and demand response, sustainable argiculture and mandatory supply chain recycling.

The purpose of this cryptocurrency is focused on rewarding people for decisions that reduce their carbon footprint. The competitive advantage is that it also causes to be less carbon intensive with their daily lives as it could be economically beneficially. BitGreen also gifts users for shopping with sustainable and local vendors. The goal is to help grow communities while reducing the damage done to the environment. The clever objective of attracting 2 fast growing customer groups which are crypto converters and green development enthusiasts is done with the BitGreen cryptocurrency. That is exactly 100 million people globally with crypto in their wallets mixed with 60% of gen Z and 40% of baby boomers. This does not scratch the surface for the advantages of this app as it allows users to make use of their computers and GPU’s for research.

Revenue trend where $4972905 which is an astonishing achievement going above and beyond their target, and the estimated price per token is $0.167. The profit margin is at 1989%. They predict a 3 year maturity where the milestone at first refund of 60% of investments after 6 months then milestone 2 gives a refund of 30% on investments after 12 months and interest rate at 10%.

BitGreen’s goal is to raise $1 trillion for sustainability projects in 10 years. The public listing for this coin is highly anticipated however with the way USDT financial complication interfered with luna and solana crashing, there is anxiety around the market. The backing of the coin is what intrigues a lot of investors as well as empowers green activists. This is definitely one to watch and hopefully invest in.

SolarCoin (SLR)

This cryptocurrency actuates a solar powered plant. Those who have have pV arrays can earn SolarCoin just for generating solar electricity under the global solar rewards program. The motivation for solarcoin is this “solar energy is now the cheapest fuel in over 150 countries. We want to make it free”.

Nick Grogerty the CEO of SolarCoin started his career as a BA at UBS investmet bank and transitioned to the VP senior quantitative trader for foreign exchange BNP Paribas. The principal/founder at international monitoring was then achieved for a certain period, chief analyst at Starlab that was a science and technology incubator. Later on he became the CEO of Inclue! Social media software and then continued to be an associate portfolio manager at Fertilemind Capital L/S hedge fund. Grogerty continued to become the Senior BA at Bridgewater associates and progressed to being the CTO at Healthcoin (Blockchain) and the chief strategist at Lykke corporation another blockchain company. This finally brings us to the present day where he is the technology and strategy advisor at Innovation 4.4 while being the managing director at carbon finance labs as well as (most importantly) CEO/CTO of solarcoin.

The business plan is laid out in this manner: the customer initiates solarcoin enrolment then the platform retrieves authorised token and sends installation data causing the solarcoin to be reviewed and approved. To claim their reward, the customer receives notification and solarcoin company issues grant and customer receives notification and initial grant (if issued on chain). They distribute solarcoin as a reward to solar installations. When the value and price of a solarcoin surpasses the production of the energy, the energy becomes effectively free which is an event called solarity. Solar energy is now produced at below US $12/MWh on some parts of the planet and the cost keeps dropping.

Honesty is is executed for this business when you earn solarcoin the solar energy producers file a claim to register their solar installation via their monitoring system or platform. A person downloads ethereum compatible wallets like metamask. The monitoring system sends generation to the solarcoin foundation that sends solarcoins to the claimant wallets at a rate of 1 solarcoin per 1 MWh of verified electricity production.

The management is competent and all claims start with sending information regarding owner’s name, address, the nameplate capacity, the installation date through API. The 2 methods for grant calculations – one is an estimate based on the nameplate capacity of the solar installation; other is derived from periodic generation readings sent to the company from inverters. To receive grants, customers could download Solarcoin software wallet or get management to hold onto Solarcoin until it is needed as long as the persons wallet address is disclosed.

The competitive advantage stems from Solarcoin’s being sent addresses (accounts) in digital wallets and used as currency. SolarCoin are versatile as they can be traded for government currencies on cryptocurrency exchanges, or spent at businesses that accept them. SolarCoin is compatible with any ethereum wallet that supports the energy web chain but many use metamask. This cryptocurrency serves as low carbon polluting compared to Bitcoin and similar alternative currencies. Between 2014 and 2017, an astounding 10000+ solar installations for their electricity generation (more than 200 megawatts) and was recorded on the Solarcoin systems.

On the other hand, the issue with Solarcoin is that it is not a unique cryptocurrency as there are various solar energy based cryptos available. The price at the moment is £0.0035 and it has been a relatively stable coin since last year however it is a minnow market cap altcoin. Over the year there has been an overall increase by 6% from £0.0033. The market cap for this coin is $282,684.34 and the circulation supply is $64.84 M.

The project hopes to underwrite for 40 years 97500 TWh of solar electricity which is an extraordinarily bold target. With the competition of similar businesses, people will go to larger cap crypto for solar energy backing. We would have to wait before investing in this company unless you have a solar farm already installed wherever you are reading this.

Nano Coin (XNO)

This digital currency is allowing everyone to join and transfer money with no fees that is eco friendly , through open sourced decentralized applications on blockchain. Nano provides top tier scalability efficiently as it was the first cryptocurrency created on a directed acyclic graph (DAG). By employing block lattice data structures, every account has its own blockchain (aka account chain) to reduce clogging and blockage. This is designed to facilitate both local and international payments choosing to use Nano makes moving money across borders effortless and feeless. Nano is revolved around remittances, microtransactions, online and in-store payments, foreign exchange and trading and banking infrastructure.

The CEO of Nano is Colin LeMalieu who is a well versed software engineering of 10 plus year experience working with eLoyalty, Dell, AMD, National instruments and Qualcomm. When LeMalieu started his project for Nano with 3 years of solo development over 50000 lines of code for executing quick transition time, the market cap was over $250 million. LeMalieu is known to be philanthropic as he and the team went out of his to distribute coins for free to 10 to 1000 of user over a 2 year period. The team at Nano was a group of 10 with 5 core developers intergated in to 2 hardware security wallet solutions.

The business model was produced to perform efficiently without the mining in an energy intensive structure to process transactions. Alternatively, Nano uses an innovative non biased voting system where no mining is required. The efficient mechanism allows the Nano network to use magnitudes less energy than other digital currencies, providing the world with an environmentally friendly currency for prosperous greener futures. The Nano network has a miniscule infrastructure footprint; currently with just a few hundred machines needed to power the network. Nano does not require printing or minting of new tokens.

The core goals for Nano are to provide open access to anyone in the world wanting to transfer value instantly. Nano has alliances with the University of East London, FITSPA, Global Blockchain initiative, Crypto UK (Member), Cyber first and Zigurat. The rich ecosystem of applications spreads to merchants, gaming, merchant solutions and wallets.

The vision of Nano that was formerly known as RailBlocks (XRB) in 2015 is to provide a fairer way for people to conduct transactions globally. Centralized financial systems is slanted to banks and large investment firms. Regular users are seen more as pawns on a chess board rather than being a part of a team. Nano directly alters this perception on cryptrocurrencies.

The competency of Nano is displayed when the developers decided against an ICO (initial coin offering) because they were worried that whale investors could seize the platform and imperialize its decentralization. Users would complete CAPTCHA and they are awarded NANO. This approach provides a equitable and democratic token distribution to the community. Nano uses a consensus mechanism called open representative voting (ORV). This delegated proof of stake (DPOS) variant engulfs voting nodes known as representative rather than miners like Bitcoin. Representatives vote on the validity of individual blocks shared on the network. DPoS generates a more receptive system than PoS networks as they reduce the number of nodes needed to complete a transaction.

The competitive advantage is clear to see. Nano operates a highly secure network that provides developers and users with a scalable solution that exceeds Bitcoin on the topic of technical capabilities. The network is feeless. You can buy Nano (XNO) on innumerable platforms like Uphold, Binance and WazirX. Nano is one of the most efficient blockchains in operation. The protocol also gives users a variety of benefits to users that cannot be ignored. Nano company prides itself on having the fastest transactions of any cryptocurrency. This can be bought with large diversity of fiat currencies as well as some cryptocurrencies. Nano is an all inclusive network.

Nano (XNO) price is 97p but its all time high was £29.87 and its volatile especially due to crypto crash (£4.68 last year) it has gone down 80% in a year. The market cap for this coin £14.42M and the circulation supply £105.8M and it is categorized as a minnow market cap coin. The uncertainty in the market must be considered but this decentralized finance should survive the next 10 years due to their consistency within their community and the balance sheet should go beyond the adversity. With their speed being their main advantage, would Nano lose their edge if other companies catch up or surpass their speed? There has been an update on their page to their recent Ddos (distributed denial of service) Nano network attack and how they went around this issue. The risk is high for day trading and long term investment as there is a small rebound from a downtrend as the monthly chart suggest Nano (XNO) is on a downtrend but looking at the weekly chart there is a small uptrend. The last high has not been reached in a long time and even though I believe in the company ethos, this is something I would wait on investing in long term or use for short term swing trade strategy.

IOTA (MIOTA)

For IOTA, they have 3 principles: securing data, empowering all people and connecting machines. IOTA gurantees the integrity and verifiability of data and IOTA helps people securely navigate their digital life. IOTA’s tangle is an open, feeless and scalable distributed ledger, designed to support, frictionless data and value transfer. IOTA is futuristic next gen data and value exchange as the spine of IOT (internet of things). IOTA is enabling the machine economy and enabling lots of new possibilities as a non profit foundation developing next generation protocols for the connected world. IOTA also uses a DAG.

The CEO and co-founder Dominik Scheiner of IOTA is an outright entrepreneur where his track record is remarkable. Scheiner has been working on several projects that make use of the Blockchain and smart contract to create new and socially impactful applications. He has passion in new governance solutions that tackle both collective intelligence and new technologies that generate more efficient, cheaper and transparent systems. He was previously the founder and CEO at Fileyy a business about market exposure via advertisement, co founder at Bithaus BmbH a cryptocurrency to fiat exchange in Switzerland. Scheiner then became co-founder of Finhaus a blockchain in finance business and finally an investor and co-chairman for Xayn an AI technology application to protect privacy of searches for users.

The business model is oriented to profits in the way IOTA investment allows for you to sell data collected by these devices to other parties in a global and decentralized marketplace. This type of configuration could be valuable to many industries including automotive and insurance. The elite AI utility, branding and the tangle (no blockchain) causes super fast microtransactions with no fees. This is unique as first of its kind to supply to IOT (internet of things) services like this.

The management’s honesty comes from their goals: research and implement the foundational protocol layer, standardise the protocol to ensure its widespread adoption, develop production ready open source software and educate our technologies while promoting their user cases. The funding has holdings of IOTA tokens from community donations. There are R&D grants from public bodies and contributions from individuals or organisations. The governance is provided by a board to set and achieve the innovation and execute operations. A supervisory board to lead and manage the performance of the governing board is also in place. An advisory board is also present in order to facilitate independent advice, perspective and direction.

Competence is shown when IOTA tackles societal challenges. They empower sustainable development and create real world impacts. Consequentially, this aids in tackling challenges like climate change, human rights violations and the problems of the global unbanked population. Cooperative ecosystems, digital trust through open data and peer to peer collaboration is IOTA’s main intent.

Smart cities and the open data utilization through IOTA is also intriguing as they would like human centred design where limitless amounts of data and insight are found. This allows solutions for data to benefit customers. The transparent cities are city data silos, giving visibility to residents over how the city is working to improve their quality of life for all. They have a vision that by 2050 66% of the world’s population will live in cities. 1.3 million people move into cities every day and the world’s building stock is expected to double by 2060.

The digital identity framework includes 3 roles: holders, issuers (trusted 3rd parties or authorities that generate and offer credentials to holders, e.g. health records) and verifiers (any 3rd party that need to verify the authenticity of a holder’s data). Decentalized identifier documents (DID) containing public keys, allowing the holder to prove ownership of their own data. This ties in with the identity of things, self sovereign identity and regulatory compliance.

IOTA’s competitive advantage is not using a blockchain but instead a distributed ledger technology (DLT). IOTA proponents however maintain that while it does have a small failure, the benefits of its solution brings compared to Bitcoin where miners and users have opposite motives, IOTA has no conflict of interest. The simplification of the connect mobility is achieved with IOTA taking the amount of and financial transactions that will be produced by connected mobility devices is fascinating. The procedure of securely collecting, evaluating and utilising the this information to enhance civilians especially mobility providers.

IOTA also tracks new innovations (like electric and autonomous vehicles), digital platforms assisted by IOTA for paying autonomously for parking, charging, tolls and other services. Cars will also be able to make money by selling the data acquired during their journey and generating the power stored in their batteries during periods of peak energy demands. The digitial twins mechanism built by IOTA makes a vehicles whole lifecycle open by tracking everything that happens to the vehicle on the tangle. Tracking the usage and proprietorship of a vehicle enables fraud prevention, pay per use and usage based insurances among many other applications. Electric mobility and renewable energy are now intertwined with EV owners able to earn money by partaking in peer to peer energy trading which helps to stabilize energy grids in a world of ever growing demands. IOTA has had collaborations with well known brands Jaguar and Land Rover for car wallets and smart charging with IOTA by ElaadNL.

The integrated supply of IOTA simplifies collaboration and provides trust between traders, governments, logistics and end consumers. Restructuring trust in supply chains by using IOTA’s tamper proof distributed ledger where trust is established. The business application of digital twins: connecting producers, suppliers and consumers in a flawless digital ecosystem, track and trace items and customer and border management for East African institution that is already in the works.

IOTA (MIOTA) is mid cap cryptocurrency at £784.9M market cap and circulation supply at 2.8B MIOTA and the coin price is £0.28 and this is down 64% year from last years price. The all time high for this coin was £4.52 and on May 27th of 2022 the price dipped to 23p and is now on a slow incline recovering from a bearish market. Expansion in its utility causes us to believe in its crypto long term however the risk is high and the latest crypto crash has caused this stock to drop drastically. Once we have a steady incline in coin price with another dip but at a higher price than £1.00 as well as more collaboration from IOTA coming out in the news, I would definitely invest but right now is not the time so this is definitely one to watch.

This blog was written by the founder Emmanuel Odunayo an Energy market expert analyst with previous experience in the low energy carbon consultancy and reservoir (petroleum) engineering for energy companies. This blog is an additional review to a portfolio that is going to be used for automation trading with energy, tech and crypto stocks with the use of algorithmic trading data science tools. This is not financial advise and viewers/readers are advised to do their own research.

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