Bittwatt
Bittwatt
Token: BWT


Energy for the 21st Century

ICO dates
Start date: 2018-04-01
End date:

Registrated in: Singapore

Platform: Ethereum
Type: ERC20

PREMIUM ICO

Bittwatt categories
Business services Cryptocurrency Energy Infrastructure Investment Platform Smart Contract Software
Bittwatt whitepaper
Video
Bittwatt token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries None
Soft cap 25,300,000 USD
Hard cap 30,400,000 USD
Tokens for sale 254,000,000
Token distribution in ICO
75%
75%
Price 1 ETH = 3,383 BTW
Minimal investment 10,000 USD
Acceppting BTC, ETH, COSS
Bittwatt news, social
Bittwatt search trends in Google
Random whitepaper excerpts

Contents
Whitepaper
1
The World Energy Market: Outlook and Challenges
3
What Problems Does Bittwatt Solve?
6
An overview of BittwattMISSION
8
Our vision
8
Our mission
8
Our goal
8
The Bittwatt platform
8
The Bittwatt business model
10
Technology stack
12
Token and Protocol design
14
The token lifecycle
14
Token sale
15
Business Plan
17
Proceedings of funds
17
Products and services
18
Objectives and cashflow
22
Sales forecast
23
Income
24
Founders
25
Definitions
28
Company Ownership / Legal Entity
30
2
...

The World Energy Market: Outlook
and Challenges
Our global energy landscape is changing. Traditional centers of demand are being overtaken
by fast-growing emerging markets, all the while technological advances and environmental
concerns are shifting the world’s energy mix. Now - more than ever – the energy industry must
adapt in order to successfully fulfil our need for sustainable power.
What we are witnessing nowadays is a shift from the more traditional pillars of the energy
sector - such as coal-fired power plants and onshore oil and gas fields - to an energy sector
where hydropower and other renewable energy sources provide significantly larger shares
for market consumption. With the world’s net electricity production forecasted to grow by
45% to a total of 34 trillion kWh in 2040, latest macroeconomic analyses focus on five main
challenges that endanger the energy ecosystem:

Maintaining a balanced and diversified energy mix;

Assuring further development of...

World energy consumption by energy source - Quadrillion Btu
While each market member has its own unique set of requirements and products, the
electricity market can be structured into the following categories of participants:
• Producers
• Suppliers
• Electricity market operators
• Transport and system operators (TSOs)
• Distribution system operators (DSOs)
• Electricity traders
• Final customers.
With respect to the nature of electricity and trading market frameworks:

producers may generate more or less energy than estimated and sold;

customers may consume more or less energy than contracted;
• and traders may buy more or less energy than they have sold.
4
...

Such cases, known simply as energy imbalances
3
, are instances where energy is (in effect)
bought from or sold to the NGTS
4
. For each trading period two
cash-out
prices
5
are used to
settle such differences. Electricity balancing arrangements, and in particular cash-out prices,
provide incentives for producers and suppliers to invest in secure supplies and better
balance
positions in order to meet demand, especially when the systems are stretched to their limits.
They are therefore pivotal to securely deliver the electricity in a competitive market. In
particular, we expressed concerns that cash-out prices are not providing the correct signals for
the market to balance itself, thus increasing supply security risks and undermining balancing
processes’ efficiency, ultimately increasing costs unnecessarily.
That being said, one of today’s major issues is that service balancing mechanisms are overly
complex, inaccessible to certain segments of...

What Problems Does Bittwatt Solve?
As things stand today, the current energy ecosystem is built around the exchange of what is
essentially unstructured information. This means that literally countless types of documents
are used to either sell or buy electricity, and an increasingly large number of commonplace
processes (be them back or front-end) are in truth redundant, and lead only to higher prices.
Despite electricity exchange being regulated in nearly all of the world’s countries, in real-
world situations what we see is the buildup of significant latencies. Case in point:
• Energy exchanges between traders (or producers) and suppliers (B2B) take days for
validation and completion to be completed, and there is no decentralized market where
these can take place.
• There is no market for smart-consumers (B2C) from where they can a) transact unused
energy supplies and b) choose and switch suppliers based on pre-selected criteria.
• Reporting electricity consumption from suppliers is done ...

It’s because of all of these reasons that prices increase. With energy transit slowed-down or
even inaccessible as a real option (due to temporal, financial, or bureaucratic constraints),
what all parties in the ecosystem face is a gradual yet unpredictable increase in costs. From a
technical perspective, this can be summed up simply in that the ecosystem is devoid of a smart
demand-response system:
• In terms of grid pressure (which is to say that production cannot be adapted to the demand
in the system), and

Commercial implications (no decentralized market exists so as to keep supply offers and
request together in order to enable fast switching)
This lack of adjustability, increases costs dramatically for suppliers of energy (imbalances costs
up from 300-400% from normal levels), creating a snowball effect that eventually hits end-
consumers.
This is the problem we are fixing.
7
...

An overview of Bittwatt
MISSION
OUR VISION
We envision a world of smart-consumers in a sustainable energy system with minimal costs for
all parties.
OUR MISSION
Our mission is to be the first international platform to integrate and facilitate cooperation
between all market operators for the benefit of the consumer.
OUR GOAL
So as to achieve these, we are committed to:
• creating a blockchain enabled energy trading market that is simple, transparent and
delivers more value to all its users.
• expanding globally (London, Bucharest and Singapore being already under development).
THE BITTWATT PLATFORM
We are now changing the way we operate electricity systems by building a smart, flexible
system that makes the most of all energy sources and enables us to exceed our customers’
needs in a balanced and financially efficient ecosystem that learns and evolves.
For this purpose, we have started developing a new marketplace for electricity balancing and
trading ...

We aim to deliver this completely new and highly cost-effective energy ecosystem fully by
2022.
The platform will be accessible to everyone in the industry – regardless of size – running new
technologies alongside industry standard applications. This market framework is designed to
empower users (producers, suppliers or traders) in applying balancing processes, and requires
little intervention from Bittwatt as a System Operator (SO).
9
...

Bittwatt Roadmap

1
08 Jun 2017
Bittwatt Concept
2
08 Oct 2017
Business Plan Preparation
3
10 Nov 2017
Business Plan Confirmation
4
20 Dec 2017
Final design protocol
5
08 Jan 2018
Token design
6
01 Feb 2018
Privat sales
7
08 Mar 2018
Pre ICO
8
01 Apr 2018
ICO
9
01 Jun 2018
Final Smart contract protocol
10
01 Nov 2018
Bittwatt App for Smart Consumer
11
01 Nov 2018
Bittwatt App for Smart Operators
12
01 Jan 2019
Bittwatt marketplace (B2B and B2C)
13
08 Jun 2019
Bittwatt international integration
14
08 Nov 2019
Exchange Fiat and Cryptocurrency
15
08 Jun 2020
Final Integration of the platform
Cristian Hagmann
Cristian Hagmann General manager & Co-founder

Daniela Cristina Stoicescu
Daniela Cristina Stoicescu CEO & Co-founder

Iulian Bobes
Iulian Bobes Research and Development Officer

Adrian Asevoaia
Adrian Asevoaia Project Manager

Tudor Stomff
Tudor Stomff ICO Manager

Cristina Maria Banu
Cristina Maria Banu Marketing Specialist

Alexandru Ioana
Alexandru Ioana Content Manager / Creative

Marius Posa
Marius Posa Business Developer for East Europe

Dan Cearnău
Advisor Dan Cearnău Advisor

Ioana Frîncu
Advisor Ioana Frîncu Advisor

Andrei Popescu
Advisor Andrei Popescu Co-Founder of COSS.IO and Seasoned Blockchain Tech Start-Ups Investor/Advisor

Rune Evensen
Advisor Rune Evensen Rune is the project's champion directing and supporting the team.

Cristopher Bridges
Advisor Cristopher Bridges Legal Advisor

Ionut Scripcariu
Advisor Ionut Scripcariu Co-Founder at CardBlue – first independent prepaid card issued in Romania | President of Romanian Fintech, Blockchain and Cryptocurrency Association | Blockchain Investor | Advisor at COSS.IO

Martin Ermenkov
Advisor Martin Ermenkov Country Partner Serbia

Hristo Yanutsev
Advisor Hristo Yanutsev Country Partner Bulgaria

Natasa Dogramadzieva-Maneva
Advisor Natasa Dogramadzieva-Maneva Country Partner Macedonia

Olosz Szabolocs
Advisor Olosz Szabolocs Country Partner Hungary

Andrei Popescu
Andrei Popescu
Co-Founder of COSS.IO and Seasoned Blockchain Tech Start-Ups Investor/Advisor
Experience Officer and co-founder
Co-Founder of COSS.IO & SCX Holdings and Seasoned Blockchain Tech Start-Ups Investor/Advisor.
Co-Founder of COSS.io and SCX Holdings
Dan Cearnau
Dan Cearnau
Blockchain Architect
Team Leader and co-founder
Dan Cearnău
Dan Cearnău
Advisor
Co-Founder
Ioana Frincu
Ioana Frincu
Blockchain Architect
Team Coordinator
Blockchain Developer
Ioana Frîncu
Ioana Frîncu
Advisor
Co-Founder
Ionut Scripcariu
Ionut Scripcariu
Co-Founder at CardBlue – first independent prepaid card issued in Romania | President of Romanian Fintech, Blockchain and Cryptocurrency Association | Blockchain Investor | Advisor at COSS.IO
Payment Gateway and Card-Solutions
Rune Evensen
Rune Evensen
Rune is the project's champion directing and supporting the team.
Visionary and co-founder
Tudor Stomff
Tudor Stomff
ICO Manager
Community Manager
BountyHive CEO