Contribute to VLUX
Register your interest to participate in our pre-sale / whitelist.
Register your interest
Register your interest to participate in our pre-sale / whitelist.
We’re on a mission to bring energy bills down to 0. By combining deep learning AI with blockchain, we want to improve access to affordable, green energy through the Verv trading platform and empower consumers to safely and securely monetize their household energy data in order to offset electricity costs.
The AI-based smart hub, Verv, which can obtain a comprehensive and real-time overview of the electricity consumption of a home, forms the basis of our platform. By combining this with blockchain technology, our aim is to provide a secure and transparent ledger through which energy can be traded on a p2p basis and electrical data can be exchanged in a new-form marketplace which empowers the consumer.
Crucially, the specialised AI used in our Verv smart hub provides us with the opportunity to add a unique layer of intelligence to the energy trading process. With an ability to predict the supply and demand of energy of a home, our intention is to ensure trading is done at optimal times, securing the best prices.
As electricity costs continue to rise, we want people with renewable energy sources to be able to sell excess power directly to their neighbours at an affordable cost. We intend to make this possible by using AI forecasts on consumption determined by the Verv hub to trade energy at optimised times.
The industry is seeing a significant increase in the uptake of microgeneration which can be attributed to more affordable pricing. Whilst the trading platform can incentivise consumers to invest in renewable technology, crucially, it provides those without the means to purchase the technology an opportunity to consume green energy at an affordable price directly from their peers.
We believe the Energy industry should not be exempt from the prosumer-led economy. Empowering energy consumers to become prosumers by generating, storing and selling their own energy is very much at the core of our mission as we aim to make the current centralised framework more flexible.
Having partnered with data sharing ecosystem, Ocean Protocol, our aim is to create a new-form marketplace whereby consumers can safely and securely monetize their electrical household data in the form of money off of their energy bills. Consumers will be empowered to sell their data to who they want, for as long as they want, should they choose to take part.
The Verv team are spearheading a number of exciting projects in the p2p energy trading space with the support from multiple government grants and are helping to inform UK regulatory board Ofgem around p2p regulation using the results from its pioneering projects.
In February 2018 we began implementing the UK’s first blockchain-based p2p energy trading community on social housing at Hackney’s Banister House Solar. The field-trial, delivered in collaboration with Repowering London, saw the UK's first p2p physical trade of energy take place in April 2018. The aim is to provide cheaper energy to the community's residents and in turn inform further roll-out across the UK and in turn Europe with a focus on social housing.
Having begun collecting data in early 2017, we began to simulate the Verv p2p solution across the UK in October 2017 using this data. Supported by Innovate UK’s Energy Entrepreneur’s fund, the Verv p2p framework and its AI-based predictions around energy consumption have been developed. These predictions are also being designed to take into account AI prognosis around cloud cover and opacity, using satellite data to anticipate when renewable energy like solar PV will be maximised.
The board and advisors are made up of widely cited academics, advocates and commercial players in both the blockchain and energy space.
Trent McConaghy
Founder of BigchainDB and Ocean Protocol
Trent has been involved in AI research for two decades via two start-ups and a PhD. Currently, Trent focuses on the development of AI and blockchain technology at Ocean Protocol which aims to democratize AI data, and BigchainDB, a decentralized database. Trent also works on Token Engineering and advising governments on AI and blockchain projects.
Bruce Pon
Founder of BigchainDB and Ocean Protocol
Ocean Protocol are pioneering blockchain technologies that give people more control in a new data economy. Previously, Bruce helped to build a dozen bank and industry startups in Europe, Asia and the Americas while working with leading companies such as Mercedes-Benz and Accenture. Bruce is an investor/advisor to several startups.
Darius Sit
Managing Partner at QCP Capital
Darius is Managing Partner at QCP Capital, a Crypto-focused trading firm based in Singapore. He started his career as a Macro Trader at Dymon Asia Capital, one of Asia’s leading hedge funds. He was most recently at BNP Paribas managing the Asia FX & Bonds book out of New York, Sao Paolo and Singapore.
Prof David Shipworth
Professor at UCL Energy Institute
David Shipworth’s fields of expertise include modelling occupant influences on energy use in buildings and the impact of smart metering on energy use in the built environment.
Ewald Hesse
Head of Grid Singularity
Ewald Hesse leads the Grid Singularity venture. He has extensive experience in the energy sector and acute interest in distributed business models. He served as regional director at Andritz Hydro and is the Vice President of the Energy Web Foundation.
James Cameron
Chairman at Verv
James is the chairman of ODI, the UK’s leading think tank on development matters. He is the founder and former chairman of Climate Change Capital and a former member of both the UK Prime Minister’s Business Advisory Group and the GE Ecomagination Board.
Sharon Baylay
Non Executive Director at Verv
With a career in the tech sector that spans three decades, backed by extensive commercial and marketing expertise – most notably, board positions at Microsoft and the BBC, Sharon received the Microsoft Chairman's Award for sustainable innovation from Bill Gates in 2004, then moved onto work for the BBC Executive Board as Director of Marketing, Communications and Audiences.
Francis Griffiths
Non-Executive Director at Verv
Francis Griffiths is the VP of Sales and Marketing Worldwide at National Instruments, a multinational company with global operations and revenues in excess of $1.2bn.
The Verv leadership team are forward-thinking and experienced, with considerable expertise in the development and execution of cutting-edge technology, whilst also maintaining a consumer-first and green vision.
Peter Davies
CEO & Founder
Peter is a serial entrepreneur and Electrical Engineer. Prior to establishing Verv, Peter founded Austin Consultants, specialising in test automation for the likes of Rolls-Royce and a leading F1 team. He then set-up Green Running, specialising in Energy consulting in the commercial and industrial space, working with restaurants and hotels to substations. He won Innovator of the Year at the 2016 Business Green Technology Awards.
Maria McKavanagh
COO
Nominated by Computer Weekly as one of the top 50 Most Influential Women in Tech, Maria was previously at NASDAQ data acquisition specialist National Instruments, where she was responsible for a multi-million pound sales territory. Maria holds an MEng degree in Electronic Systems Engineering.
Michael Jary
Managing Director
Michael comes from a background in IoT, new business build and strategy with a focus on the energy industry. He recently joined from SSE where he was the Director of Connected Homes and previously Head of Strategy. He began his career as a management consultant with Accenture.
Steve Foster
CFO
With over 20 years experience in senior financial roles mainly in the energy sector, Steve has worked for organisations that include EON UK, Welsh Power Group and B2B energy supply business Opus Energy Ltd. where he was the Financial Director.
Verv are a team of machine learning experts, Blockchain specialists and Energy enthusiasts in the utility sector who are combining their innovative AI tech with blockchain in order to create an optimised peer to peer energy trading solution.
Andy Baliou
Lead Blockchain Developer
Thomas Clarke
Team Lead Blockchain
Lionel Ward
Deep Learning Specialist
Alex Mcintosh
Front End Team Lead
James Davis
Head of UX
Jon Dennis
Head of Machine Learning - Disaggregation
Matt Mottram
Lead Data Scientist - Condition Monitoring
Edward Burnell
Data Scientist
Irina Timoshenko
Data Scientist
Aistis Stankevicius
Data Scientist
Cong Zhang
Blockchain Data Engineer
Konstantin Dimitrov
Innovations Engineer
Imtiaz Chowdhury
Technology Manager
Gavriel Landau
Blockchain Project Manager
William Martin
Data Scientist
Kingsley Gomes
Android Developer
Adam Makhfoudi
iOS Developer
Alexander Nicholson
Head of Investment
Jeffrey Elliott
Crypto Specialist Community Manager
Yi Jean Chow
Blockchain Product Manager
Anas Almharat
Blockchain Data Scientist
Sam Fiddis
Blockchain Developer
Niki Davies
Marketing Manager
Rebecca Haworth
Communications Manager
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At Green Running, maintaining the privacy of your data is of utmost importance to us. Keeping your confidential data secure and in your control is central to how we run our business. We will only share it with others if we have you explicit permission, or if we have anonymised or aggregated it such that your information is not personally identifiable.
This policy outlines the data we collect, how we use it and your rights. If you have any questions feel free to contact us at info@greenrunning.com.
How we’ll protect and use information about you
This section outlines how we use the information we collect about you in your dealings with us.
We’ll meet the standards set out in the Data Protection Act whether or not you become a customer.
We collect information about you in a few different ways; you might give it to us, we might collect it through our dealings with you, or it might be collected from the Verv hub, mobile app or our website(s).
We might also get it from companies that offer databases of information.
If we significantly change the information we ask for, or the way we use it, we will let you know.
How we can use your information
We can use your information to do the following:
Give you the services you’ve asked for Offer you services, accounts and products
We may use an automated scoring system to help us choose what to offer you. That system will use information from credit-reference agencies and other companies.
We may use this information to do the following:
Contact you for feedback on how we can improve the way we manage your account and provide you with services. Perform analysis, create statistics and test computer systems. The information and analysis can include your household members, your lifestyle and your income. It can also include the way you use energy. We can use our analysis to create profiles and marketing opportunities. Help prevent and detect fraud, debt and loss. Help us keep you, your family and your household safe, healthy and secure. Help us train our staff. Contact you in any way about products and services we (and our selected partners) are offering. This can include by email, phone and text message, as well as any other form of electronic communication (such as through the Verv app on your mobile device). It can also include visiting you. We can record and monitor any of your communications with us, including telephone conversations and emails, to make sure we’re giving you a good service and meeting our regulatory and legal responsibilities. If we contact you to tell you about offers, when possible we’ll do it the way you’ve told us you’d prefer to get marketing information. If you no longer have an account with us, or if you don’t use our products any more, we can still keep your information. We can then contact you to tell you about offers, from us and other companies, that might interest you. You can ask us not to tell you about offers whenever you like. Just get in touch with us and give us your account details.
Sharing your information with other organisations
We can let other people and organisations use our information about you. We and those other people and organisations can use information about you for the following purposes:
To provide services you’ve asked for. This can mean giving information to members of your family or household. It could also mean giving information to anyone acting on your behalf, other people who might be interested, or those who introduced you to Verv (such as a landlord or letting agent). As part of the process of selling one or more of our businesses. To help prevent and detect debt, fraud or loss. This can include giving information about you to a credit reference agency. To transfer some or all of a debt you have to another organisation. To take part in any data-sharing initiatives run by the Government, regulators or the industry (for example, initiatives meant to reduce fuel poverty, where people can’t afford to pay for electricity, or those to help groups of vulnerable customers). To provide information for legal or regulatory purposes (for example, if Ofgem, another regulator or a lawyer asks for it). In any current or future legal action.
Some of our work may be carried out outside the European Economic Area (EEA), and so might the organisations or people we share your information with. Therefore your information could be moved to countries that don’t have the UK’s standards or protection for personal information. If that happens, we’ll make sure there are adequate safeguards. We will still collect, store and use your personal information the way we have explained in this policy.
Information you give us about other people
If you give us information on behalf of someone else, you confirm you’ve given them the information in this policy document, you also confirm that they’ve given permission for us to use their personal information as described here.
If you give us sensitive information about yourself or other people, you agree we can use that information as we’ve described in this contract. That sensitive information could include, for example, health details or details of household members’ criminal convictions.
If you give us sensitive information about someone else, you confirm that they have agreed we can use the information as we’ve described in this contract.
VLUX logo are trademarks of Green Running Ltd. Registered in England No. 07179872. The registered office of Green Running Ltd. is: Carpenter House Innovation Centre, Broad Quay, Bath, BA1 1UD.
How you can see the information we have about you
You’re entitled to a copy of the information we hold about you, and to ask us to correct any inaccurate information.
We can charge you a small fee for providing a copy of the information we hold. For more information, please contact our Privacy Team by writing to them at: Carpenter House Innovation Centre, Broad Quay, Bath, BA1 1UD
At Green Running (of which VLUX by Verv is a subsidiary), maintaining the privacy of your data is of utmost importance to us. Keeping your confidential data secure and in your control is central to how we run our business. We will only share it with others if we have you explicit permission, or if we have anonymised or aggregated it such that your information is not personally identifiable.
This privacy policy notice is for this website; www.vlux.io and served by Green Running Ltd, Carpenter House, Broad Quay, Bath, BA1 1UD and governs the privacy of those who use it. The purpose of this policy is to explain to you how we control, process, handle and protect your personal information while browsing or using this website, including your rights under current laws and regulations. If you do not agree to the following policy you may wish to cease viewing / using this website.
If you have any questions feel free to contact us at privacy@verv.energy.
We are registered with the ICO under the Data Protection Register, our registration number is: ZA228394
Under the GDPR your rights are as follows. You can read more about your rights in details here;
You also have the right to complain to the ICO at www.ico.org.uk if you feel there is a problem with the way we are handling your data.
We handle subject access requests in accordance with the GDPR.
We collect information about you in a few different ways;
This section outlines how we use the information we collect about you in your dealings with us.
We’ll meet the standards set out in the Data Protection Act 1998 and the General Data Protection Regulation 2018 whether or not you become a customer.
If we significantly change the information we ask for, or the way we use it, we will let you know.
How we can use your information
We may use your information to do the following:
We may use an automated scoring system to help us choose what to offer you. That system will use information from credit-reference agencies and other companies.
We may use this information to do the following:
We can let other people and organisations use our information about you. We and those other people and organisations can use information about you for the following purposes:
Some of our work may be carried out outside the European Economic Area (EEA), and so might the organisations or people we share your information with. Therefore your information could be moved to countries that don’t have the UK’s standards or protection for personal information however steps will be taken to ensure that these organisations comply with GDPR. If that happens, we’ll make sure there are adequate safeguards. We will still collect, store and use your personal information the way we have explained in this policy.
If you install a Verv product in the home of a third party such as a friend or family member to monitor their electricity usage behaviour remotely, they must consent that they agree to the installation and sharing of their data with you. This will be handled via the Verv app or interface. They agree for us to use their personal information as described here and that they consent to this contract.
If you give us sensitive information about yourself or other people, you agree we can use that information as we’ve described in this contract. That sensitive information could include, for example, health details that you provide.
You’re entitled to a copy of the information we hold about you, ask us to correct any inaccurate information or be removed from our systems entirely.
For more information, please contact our Privacy Team by writing to them at:
FAO Privacy Team / COO
Verv
St Magnus House
3 Lower Thames Street
London
EC3R 6HD
You can also email privacy@verv.energy
We use cookies on this website to provide you with a better user experience. We do this by placing a small text file on your device / computer hard drive to track how you use the website, to record or log whether you have seen particular messages that we display, to keep you logged into the website where applicable, to display relevant adverts or content or referred you to a third party website.
Some cookies are required to enjoy and use the full functionality of this website and users may experience difficulties or problems with the site functionality if all cookies are not enabled.
We use a cookie control system which allows you to accept the use of cookies, and control which cookies are saved to your device / computer. Some cookies will be saved for specific time periods, where others may last indefinitely. Your web browser should provide you with the controls to manage and delete cookies from your device, please see your web browser options.
Cookies that we use are;
We ensure the security of any personal information we hold by using secure data storage technologies and precise procedures in how we store, access and manage that information. Our methods meet the GDPR compliance requirement.
We have provided some further explanations about user privacy and the way we use this website to help promote a transparent and honest user privacy methodology.
Our websites may contain links to third party sites where relevant to the content on our site. The content of the third party site will be relevant to the content on our own, however in some cases, links may be updated by third parties without us being notified. We do not control what appears on third party sites and are not responsible for their content. When browsing these sites you are subject to the sites own privacy and data policies.
Under the GDPR we use the consent lawful basis for anyone subscribing to our newsletter or marketing mailing list. We only collect certain data about you, as detailed in the “Processing of your personal data” above. Any email marketing messages we send are done so through an email marketing service provider (EMS). An EMS is a third party service provider of software / applications that allows marketers to send out email marketing campaigns to a list of users. In our case, we use customer.io.
Email marketing messages that we send may contain tracking beacons / tracked clickable links or similar server technologies in order to track subscriber activity within email marketing messages. Where used, such marketing messages may record a range of data such as; times, dates, I.P addresses, opens, clicks, forwards, geographic and demographic data. Such data, within its limitations will show the activity each subscriber made for that email campaign.
Any email marketing messages we send are in accordance with the GDPR and the PECR. We provide you with an easy method to withdraw your consent (unsubscribe) or manage your preferences / the information we hold about you at any time. See any marketing messages for instructions on how to unsubscribe or manage your preferences.
Our EMS provider is; www.customer.io. We hold the following information about you within our EMS system;
VLUX by Verv and the VLUX by Verv logo are trademarks of Green Running Ltd. Registered in England No. 07179872. The registered office of Green Running Ltd. is: Carpenter House Innovation Centre, Broad Quay, Bath, BA1 1UD.
For more information, please contact our Privacy Team by writing to them at:
FAO Privacy Team / COO
Verv
St Magnus House
3 Lower Thames Street
London
EC3R 6HD
You can also email privacy@verv.energy
The contents of this website are for informational purposes only. It is not intended as an offer or solicitation for any financial instrument or
financial services in any jurisdiction. The issue of this document shall not be taken as any form of commitment on the part of Vlux Limited (the “Company”),
its directors or its shareholders to proceed with the Token Sale, any negotiations in relation thereto or any other transaction.
Any decision to participate in the Token Sale should only be made after reading the whitepaper relating to the Token Sale, which will be published by the
Company in due course and before the commencement of the Token Sale. The whitepaper will include information about the Company, the tokens, the terms and
conditions of the Token Sale and the peer-to-peer energy trading platform the Company hopes to develop.
Additionally, the information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material.
Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the
intended recipient is prohibited.
The token sale is not directed at or intended to be accessible to or participated in by persons resident in any jurisdiction where to do so would
constitute a violation of the relevant laws or regulations of that jurisdiction or would result in a requirement on the Company to obtain any consent
or comply with any formality which the company regards as unduly onerous, including The People’s Republic of China.
No regulatory authority has examined or approved of any of the information in this document. No such action has been or will be taken under the laws,
regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this document does not imply that the applicable
laws, regulatory requirements or rules have been complied with.
To the maximum extent permitted by the applicable laws, regulations and rules, the Company, its shareholders, directors and advisers and any third party
involved in the Token Sale shall not be liable for any losses of any kind, direct or indirect, in tort, contract or otherwise (including but not limited to
loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any reliance on this document or information contained
within it.
All statements contained in this document, statements made in press releases or in any place accessible by the public and oral statements that may be
made by the Company, its shareholders, directors or advisers or any third party involved in the Token Sale, that are not statements of historical fact,
constitute “forward-looking statements”. All statements regarding the Company, its financial position, business strategies, plans and prospects and the
future prospects of the industry which the Company is in are forward-looking statements. None of the Company, its shareholders, directors or advisers or
any third party involved in the Token Sale represent, warrant or undertake that the actual future results, performance or achievements of the Company will
be as discussed in these forward-looking statements.
This document includes market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate,
as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available
information and publications generally state that the information that they contain has come from sources believed to be reliable, but there can be no assurance
as to the accuracy or completeness of such included information.
No information in this document should be considered to be business, legal, financial or tax advice regarding participation in the Token Sale. You should
be aware that you may be required to bear the financial risk of any acquired VlUX tokens for an indefinite period of time.
The Company does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person,
including any representation, warranty or undertaking in relation to the truth, accuracy, and completeness of any of the information set out in this document.
This document has been prepared to the date hereof and none of the Company, its shareholders or its directors, officers or employees has any duty to update this
document or provide any further information following such date.
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If you are interested in the private pre-sale, we are looking at whether you can participate on a case-by-case
basis in order to ensure we comply with the regulations in your region.
You can find out more about VLUX on this website and if you’re interested in participating in the private pre-sale, join the Telegram group to find out
whether you are eligible.
I confirm I am an accredited investor and want to proceed to the full VLUX website containing the whitepaper
I Agree
VLUX is a subsidiary of Green Running which operates under the trading name of Verv. VLUX is launching an Initial Token Offering (ITO) in order to create VLUX (VLX) tokens that will enable energy to be traded on the renewable energy trading platform that Verv has developed. By combining deep learning AI technology with blockchain, Verv’s peer-to-peer (p2p) energy trading platform aims to improve access to affordable, low carbon energy.
Verv is the brand that Green Running has operated under following the development of the Verv home hub in 2015. The Verv home hub attaches to your electricity meter and uses specialised artificial intelligence technology to identify key appliances in your home by their unique energy signatures and tells you how much each one is costing you to use, in real-time. The longer you have Verv, the more advanced it becomes, using machine learning to learn about new appliances and their behaviours, unlocking more and more features such as alerts if you’ve left an appliance turned on for too long.
We have discussed this extensively with our lawyers and are happy to clarify that VLUX is a utility token, although this does not preclude the possibility of VLUX being considered to be something other than a utility token by any regulatory authority in any jurisdiction.
Currently, big energy firms control the majority of the market, and greenhouse gas emissions from the energy sector represent ⅔ of anthropogenic greenhouse gas emissions. CO2 emissions from these sectors have risen over the past century to ever higher levels. In addition, energy bills in the UK for example are rising at the fastest rate since early 2014. Meanwhile, more and more individuals are buying their own energy generating units - like solar panels, that are capable of producing far more energy than they need as individuals. The aim of the Verv Energy Trading Platform is to enable consumers to sell any excess energy they generate directly to their neighbours at an affordable cost and therefore allow consumers who produce their own green energy to transform into true ‘prosumers’, improving access to low carbon power and reducing transmission costs. The Verv home hub, which can obtain a comprehensive and real-time overview of the electricity consumption of a home, forms the basis of the energy trading framework. Combined with blockchain technology, the aim is to provide a secure and transparent ledger through which prosumers can sell energy to their peers, not only resulting in revenue for themselves, but saving peers money on their bills, too.
It depends on the number of people assigned to each community blockchain. Normally counterparties shouldl be able to complete a trade within 13 seconds.
The VLUX token (VLX) is an ERC20 token. Please read through our full whitepaper to find out how the VLUX token will allow users to leverage high-speed sampling of electricity and AI to interact with the blockchain platform we’ve developed and create an efficient peer-to-peer energy trading framework.
Our aim is to enable VLUX (VLX) token holders to become hosts on the Verv P2P energy trading platform we are developing, creating a community of prosumers and consumers able to trade with each other. VLUX tokens may also be given as rewards for developing Verv’s Energy Trading Platform capabilities and may be able to be redeemed for goods and services!
You can register for the pre-sale or whitelist here: vlux.io
Ethereum (ETH).
ERC20 compatible wallets. Please note, when you participate in our sale, you are not able to do so directly from an exchange.
Metamask, Myetherwallet, Trezor, Ledger nano S and many more. Be careful to ensure that wherever you wish to store your tokens, you can contribute directly from.
During the token sale event 70% of the total supply of VLUX tokens will be distributed to the public, 10% will be reserved for distribution among the first 200,000 VHH units sold, and 20% of the tokens will be kept by the company. Of the 20% of tokens kept by the company, 10% will be kept for the Verv float and original contributors, and 10% will be reserved for future growth. All tokens sold will be locked and cannot be traded until the launch of the VTP, currently scheduled for end of 2018.
You can find the official roadmap here on our homepage: https://vlux.io. More information will follow in our white paper.
Yes, as we are running the sale in a professional, ethical, and regulatory compliant fashion, we are requiring all contributors to go through AML/KYC. All pre-sale and whitelist contributors will have to go through this. The AML/KYC process for whitelist registrants will not occur until nearer the sale - for now, simply sign up and stay up to date!
We need to know who our customers are for AML (anti-money laundering laws). Moreover, we want to run a professional, ethical and regulatory compliant token issuance. We have no desire to circumnavigate rules or regulations - it only brings future risk to our participants.
Verv is still considering where the offer will be made and where it will not, based on the laws and regulations of different countries - please get in touch with us via the contact form if you are interested in participating. The ITO pre-sale will definitely not be offered in China, due to its laws and regulations relating to ITOs.
Individuals who are not located in a restricted jurisdiction, who are on the whitelist and who have passed the AML/KYC checks can participate in the ITO mainsale. Verv is still considering which jurisdictions will be restricted for the purpose of the ITO mainsale, but they are expected to be those where the ITO mainsale might constitute a violation of the relevant laws or regulations of that jurisdiction or would result in a requirement on VLUX to obtain any consent or comply with any formality which Verv regards as unduly onerous.
You will receive an email from VLUX to confirm that you have successfully registered for the whitelist.
Initially, sign up to the whitelist. At the appropriate time we will request further information and documents from you.
The hardcap on the token sale is £25 million.
The hardcap on the pre-sale is £17.5 million.
You can find out more in our whitepaper and on our website homepage but in brief, the funds raised in the ITO will go to research and development of the Verv energy trading platform, continued development of the technology, customer education and anything we can do to reduce consumer energy bills.
Subscribe to the whitelist and stay involved via Telegram @VLUXofficial
We are aiming for Q2 2019
There is a very small minimum contribution of 0.1. In practice, very small amounts are unwise due to transaction fees.
We would simply recommend that you re-register to the whitelist with your new wallet address. AML and KYC will be required in the coming weeks, and every unique individual will only be allowed to contribute from a single wallet address.
Whilst you are able to submit to the whitelist multiple times, as we will be running AML/KYC, we will be able to identify unique individuals, and will only be allowing individuals to contribute once in the main sale. This is about ensuring the widest, fairest distribution of tokens in the main sale.
Green Running, the parent company of VLUX, was founded in 2010 with the initial focus of reducing energy consumption within the commercial market. When Peter Davies, CEO & Founder, realised the potential to make homes smarter and more efficient in the domestic space, he developed the Verv home hub and then in July 2017 a patent was filed for Verv’s blockchain-based p2p energy trading system. We forecast energy to be physically traded between peers for the first time in the UK using Blockchain via the Verv energy trading platform (VTP).
As VLUX has a different business purpose to Green Running (Verv), it made more sense for it to be a separate legal entity.
VLUX is a wholly owned subsidiary of Green Running, which now operates under the trading name of Verv since the development of the Verv home hub and energy trading platform. We are proud to be introducing the VLUX token to all of you!
No, we aren’t running a bounty campaign alongside our ITO.
Verv, the AI-based smart hub was created.
Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).
Verv started researching blockchain-based energy trading.
Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.
Verv started gathering real home electricity data for energy trading trials.
Verv was one of a handful of companies in the UK selected to be on Launchpad, Google’s global startup program, as well as Amazon’s Launchpad.
Verv received a £150k grant from BEIS’ Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.
Raised £1.1million via equity raise on Crowdcube.
Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).
UK's first p2p energy trade on the blockchain executed at Banister House Estate in Hackney, during Verv's live p2p field trial. More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Verv’s combined three channel CAD units. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.
Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.
Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.
Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.
We'll keep you posted on our latest news and developments
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