Topic: [ANNOUNCEMENT] [LCG] The first blockchain-based token from an energy company! (Read 230 times)

The LCG Energy project aims to create a full-fledged energy ecosystem powered by the LCG platform and the existing infrastructure built by the LCG company over the course of the last 11 years. The LCG platform will offer energy-related services and products, investment opportunities in renewable energy projects and a digital currency that represents energy directly. Furthermore, with the revolutionary blockchain integration to the Smart Meters the company has been installing for the last few years, a new scope of possibilities will be uncovered, ultimately transforming the energy sector forever.




With the emergence of the industrial sector in the last 100 years and its rapid development, the energy industry has grown tremendously. The demand for energy is steadily increasing. Yet, the energy industry is faced with an array of obstacles it needs to overcome in order to match the pace of the exponential technological evolution - pollution, ever-increasing prices of energy sources, lack of transparency between electricity suppliers and consumers and many, many more.


Electricity prices are surging through the roof, with Germany leading the charts for the most expensive electricity in the whole world.

Here are some of the biggest issues facing the energy industry:

- Low degree of energy efficiency of small and medium-sized businesses: Generally, most small to medium-sized businesses don’t have the necessary know-how and time to identify potential for and realize energy savings projects. As an experienced energy contractor, LCG energy is equipped with the knowledge and resources to solve this issue for the community. By installing Smart Meters and analyzing the collected data, LCG Energy has managed to achieve an approximate savings of 20% for their active 50.000 customers.

- Unfair pricing: Big energy corporations are currently dominating the energy markets, controlling the prices and cutting the margins for small players by overpricing. We want to change that and make energy accessible to everyone at a fair price - the LCG blockchain based platform will offer the full transparency that is needed to achieve fair market conditions for everyone.

- Information asymmetries between electricity providers and end-consumers. A core issue of the industry that the LCG Group is planning to resolve with the LCG
Energy project are the information asymmetries between electricity providers and
end-consumers, especially small and medium-sized businesses.

- Need for a transition towards sustainable energy sources. With the negative footprint humanity is leaving on the environment and the rising dangers of climate change, we are in a dire need for a quick transition towards renewables. LCG Energy plans to drive the widespread adoption of renewables by enabling an easy and transparent way for people to invest in promising hydro solar and wind energy projects.


The company behind the project, LCG Energy, can draw on long-standing experience in the energy market. It has been recognized as an independent electricity provider and energy reseller in Germany and Austria after being certified by the German Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway in 2015. Since its foundation in 2009, the LCG Energy Group has established its purpose to provide small to medium-sized businesses and individuals with better energy prices and thus improve the price structures available.

The company has been established and funded completely with private funds and has had excellent bottom-line financial performance since its creation with an ever-increasing revenues and profit each year.

As one of the few independent electricity providers in the region, LCG Energy is currently serving the needs of over 50.000 customers in Germany and Austria.

Their network of partners and suppliers, which they have built over the course of the last 10 years, consists of over 1.100 direct partners and 10.000 external providers.

The revenue of the LCG Group company amounted to 20 mln EUR in 2018, with a projected revenue of 90 mln EUR in 2019 due to the establishment of several important partnerships in the industry.


The LCG Energy company aims to become the first electricity provider in the world to adopt blockchain technology in order to resolve the issue with information asymmetries between consumers and electricity providers and bring full transparency to the industry. By channeling all of the consumption data through Smart Meters developed by LCG Energy and with the help of blockchain, information about power consumption and the prices at which energy has been acquired will be made publicly available and will not be changeable by any entity - even by LCG Energy. People will no longer have to simply trust their electricity providers - they will have solid proof of the exact amount of energy they have consumed and will be protected against overpricing by the supplier.


- A full-fledged energy ecosystem: The LCG ecosystem and the LCG token will create endless possibilities for users to meet their energy demands - from paying their electricity bills digitally to a wide range of informational services, products and investment opportunities available to LCG token holders at an attractive price.

- Supported by real energy: 80% of the proceedings collected via the LCG Energy ICO will be dedicated towards the acquisition of energy and the investment in land registered renewable energy projects, thereby increasing the price stability of the token. With all projects carefully evaluated by LCG Energy prior to the investment, the LCG token offers a much more sustainable model than the majority of tokens on the blockchain market today.

- Smart Meters with blockchain integration: Smart Meters are far superior to the traditional power meters that need to be checked manually at least once a year and do not have any way of transmitting the data collected by them digitally. Smart Meters allow consumers will have access to comprehensive data about their consumption, which will allow them to adopt efficient power consumption methodologies. With their integration to AI and machine learning algorithms, as well as blockchain technology, their functionality will be greatly improved by LCG Energy.

- First electricity provider to adopt blockchain technology: As the first electricity provider to adopt blockchain technology, the transaction stream will be channelled through Smart Contracts on the Ethereum blockchain. Thus, all activities of the company connected with the purchase of the energy and all actions performed on the LCG Energy platform will be open to the community members and thus fully transparent.














Website: lcg-group.com
White Paper: https://lcg-group.de/docs/white-paper-en.pdf
Facebook: https://www.facebook.com/LCGICO/
Reddit: https://www.reddit.com/user/LCG_Energy_ICO
Telegram: https://t.me/LCG_ICO_official
YouTube: https://www.youtube.com/channel/UCNrA6pqbl0z22-rTvcsBFfg
Medium: https://medium.com/@lcgenergy