Hive Power
Hive Power
Token: HVT


Decentralized Energy Communities

ICO dates
Start date: 2018-04-23
End date: 2018-05-14

Registrated in: Switzerland

Platform: Ethereum
Type: ERC20

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https://www.hivepower.tech Screenshot
Hive Power categories
Energy Platform
Hive Power whitepaper
Hive Power token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries USA, China
Soft cap 1,000,000 USD
Hard cap 11,000,000 USD
Tokens for sale 100,000,000
Token distribution in ICO
50%
50%
Price 1 HVT = 0.25 USD
Acceppting ETH
Bonus in ICO 30% Royal Jelly 5"000"000 HVT 1 HVT = 0.192 USD 10% Honey 20"000"000 HVT 1 HVT = 0.227 USD 0% = Propolis 25"000"000 HVT 1 HVT = 0.250 USD
Hive Power news, social
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Random whitepaper excerpts

Contents
1 Vision
3
1.1 The challenge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.2 What needs to change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.3 Our solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2 Hive Power Platform
4
2.1 Concept . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2.2 Smart contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
2.3 Scalability aspects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2.4 Apps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
3 Tokens
8
3.1 Hive Token (HVT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
3.2 Stable Tokens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
4 Market Design
9
4.1 The Problem . . ...

1 Vision
Consumers and communities will be empowered to actively par-
ticipate in the electricity market and generate their own elec-
tricity, consume it or sell it back to the market while taking into
account the costs and benefits for the system as a whole
— European Commission
Our vision is to provide everyone with the possibility to create and manage electrical energy com-
munities on the Ethereum blockchain, creating a world of shared energy for a brighter future. For
prosumers participating to the energy communities, Hive Power will lower the energy tariffs and
reduce the payback time of renewable energy sources. It will allow selling flexibility as a service to
system operators, to help them balancing the grid.
1.1 The challenge
The power sector is facing a paradigm change, moving from a centralized structure with big power
plants (hydro, coal, gas and nuclear) to a decentralized scenario of distributed energy resources
(DER), such as solar and wind. Within this framework,...

1.3 Our solution
In this paper we present the Hive Power platform, a decentralized autonomous organization (DAO).
The goal of Hive Power is to create energy sharing communities where all participants are guar-
anteed to benefit from their participation, and at the same time achieve a technical and financial
optimum for the entire community. This is achieved by devising a (mathematically sound) mar-
ket mechanism that incentivizes the participants to collaborate with each other by coordinating
their energy production and consumption. In contrast to other energy exchange market schemes,
the Hive Power platform takes also into account technical aspects, such as cables, power rating,
and voltage limits in order to provide an optimal solution that achieves multiple objectives. Hive
Power is perfectly designed for the current grid configuration, enabling the electrical grid to op-
erate safely and cost-effectively by ensuring a fair and resilient energy market for all actors involved.
2 Hive Power Platform ...

2.1.1 Worker
The basic component of a Hive is the Worker. A Worker is a blockchain-enabled electrical meter
that measures energy production and consumption and is linked to a prosumer, e.g. a single
appliance, a single-family household, a storage system, a solar power plant, an industrial facility,
etc. A Worker measures and certifies its own energy production and consumption, and participates
in the Hive energy market exchange. The Worker acts as the interface between the prosumer and
the electrical grid and is equipped with a hardware oracle containing a cryptographically attestable
anti-tampering sensor (cf. 7.3). The Worker also provides a forecasting service that predicts the
energy consumption and production of the prosumer and an energy bidding system interacting
with the Hive. A Hive can be composed of many Workers, while a Worker can only belong to one
Hive.
2.1.2 Queen
Each Hive contains a Queen, which collects the energy forecasts and coordinates the energy pro-
duction and consu...

ADMINISTRATOR
AUXILIARY
CONTRACTS
ADMIN APP
DELETE
HIVE
BEEKEEPER
CREATE
HIVE
HIVE
ADD / REMOVE
METERS
Figure 2: Interactions between the Hive Power contracts
token vault
related to the stable coins exploited by each hive, a set of
tariffs
and a
list of hives
to maintain a track of all the created instances. The Hive Administrator is able to modify one of
its hives typically adding or removing meters. Besides, Beekeeper has also to manage some of the
aforementioned auxiliary contracts, e.g. adding new entries in the meters list.
The Beekeeper contract is upgradeable in order to be compatible with the addition of new func-
tionalities and security updates. In the future Hive Power will set up a governance system to
allow all HVT holders to provide input and feedback on the upgrades of the Beekeeper Contract,
allowing them to address the development of this service, and as a consequence, to have meaningful

Channels
technology, which provides secure, fast and economic micro-transactions and can be
automatically connected to Ethereum blockchain. The migration will be actuated integrating Hive
Power platform with generic State-channels frameworks like Raiden Network (
https://raiden.
network
) or Liquidity Network (
https://liquidity.network
).
2.4 Apps
2.4.1 Admin App
The Admin App is a web application used by each Hive Administrator to maintain its own Hives.
The access to the Admin App is granted by using the Hive Administrator’s HVT wallet. The main
features of the application are:

Beekeeper interface
: The Hive Administrator is able to interact with the Beekeeper Service
for the general management of the Hive (e.g. creation, adding of a new meter/Worker, etc.).

Hive supervision
: The Hive Administrator can monitor the Hive status (e.g. statistics
about the energy consumption/production of the entire Hive, comparison of the ...

Figure 3: User App
3 Tokens
There are two types of tokens required to operate the Hive Power platform. The first is the HVT
token, which is used to create, control, and manage the operations of the Hives and the technical
governance of the platform. The second type of token (a third-party stable token) is used for all
transactions and payments within the Hive Power platform.
3.1 Hive Token (HVT)
The Hive Token (HVT) is a standard ERC20 Ethereum token managed by a smart contract.
The HVT token is used for the creation and management of Hives, including the registration
of Ethereum Meters within a Hive, and participation of the Hive Administrator in the technical
governance issues of the Hive Power platform. HVTs have a maximum supply (100’000’000) and
will be created only once, during the upcoming crowdsale.
3.1.1 Hive management
An admininstrator requires HVTs in order to create a new Hive. To open a Hive, the adminin-
strator sends the required HVTs to the Beekeeper Contract. Th...

3.1.2 Governance
The Hive Power platform is designed as a community platform for Hive Administrators. Hive Ad-
ministrators, who stake HVTs in the Beekeeper Contract, will be allowed to participate in decisions
regarding the technical governance of the Hive Power platform. More specifically, Hive Adminis-
trators can vote on proposals to upgrade the Beekeeper Contract. In order to exclude potential
speculative voters, only Hive Administrators will be allowed to participate in the governance pro-
cess. Moreover, the voting power of Hive Administrators will be weighted accordingly to the date
they began staking HTVs in the Hive Power platform. That means that active, long-term Hive
Administrators will have more voting power on technical governance issues within the platform.
3.2 Stable Tokens
The Hive Power platform is designed as an open framework that can be used for multiple purposes
by any actor anywhere in the world. Although the platform is built on the Ethereum blockchain,
the value of the Et...

Hive Power Roadmap

1
Q2 2018 Hive Power 1.0
The Hive will consist of single household Workers and multi-family buildings, coupled to a low voltage grid in Switzerland. The Queen will be operated by the local Distribution System Operator.
2
Q1 2019 Hive Power 2.0
Innovative features such as access to the flexibility market and real time operation will be implemented to improve economic and technical performance. A microgrid testbed will be set up in a developing country.
3
Q1 2020 Hive Power 3.0
The Hive capabilities will be extended through new features, such as investment pools, auto topology discovery, self-healing (fault detection) and multi-owner Hives.
Gerardo Lecuona
Advisor Gerardo Lecuona Power Electronics Industry

Barbara Antonioli Mantegazzini
Advisor Barbara Antonioli Mantegazzini Energy Economics

Emanuele Cesena
Advisor Emanuele Cesena Cryptography & Security

Arthur Gervais
Advisor Arthur Gervais Blockchain and Off-chain Scalability

Rami Khalil
Advisor Rami Khalil Off-chain Payment Networks

Marco Merlo
Advisor Marco Merlo Electrical Grids

Roman Rudel
Advisor Roman Rudel Energy Policies

Gianluca Corbellini
Co-Founder Gianluca Corbellini CEO Co-founder

Davide Rivola
Co-Founder Davide Rivola COO Co-founder

Vasco Medici
Co-Founder Vasco Medici Solutions Architect Co-founder

Lorenzo Nespoli
Co-Founder Lorenzo Nespoli Research Scientist Co-founder

Davide Strepparava
Co-Founder Davide Strepparava ICT & Blockchain Co-founder

Janine Videva
Team Janine Videva Community Manager

Elisa Battistella
Team Elisa Battistella Social Media Manager

Arthur Gervais
Arthur Gervais
Blockchain and Off-chain Scalability
PhD Candidate and Research Assistant
Emanuele Cesena
Emanuele Cesena
Cryptography & Security
Security @Pinterest Co-founder @Theneeds (sold to Shopkick)
Rami Khalil
Rami Khalil
Off-chain Payment Networks
Security Engineer
Inventor of REVIVE