Veio Token is not intended to constitute a security in any jurisdiction. This White Paper is not a
solicitation for investment in securities and does not pertain in any way to an offering of
securities in any jurisdiction.
Individuals, businesses, and other organizations should carefully weigh the risks, costs and
benefits of acquiring Veio Token before participating in the Token Sale. If you are not in the
position to accept or understand the risks associated with the purchase of Veio Token
(including the risks related to the non-development of the Veio platform or any other risks as
indicated in this White Paper), you should not acquire Veio Token.
The information contained in this publication is derived from reliable sources and given in good
faith, but no warranties or guarantees are given by Veio about the accuracy, completeness or
suitability of the information presented. It should not be relied upon, and shall not confer rights
or remedies upon, you or any of your employees, creditors, holders of securities or other equity
holders or any other person. Any opinions expressed reflect the current judgment of the
authors of this paper and do not necessarily represent the opinion of Veio. Veio does not have
obligation to amend, modify or update this paper or to otherwise notify a reader or recipient
thereof in the event that any matter stated herein, or any opinion, projection, forecast or
estimate set forth herein, changes or subsequently becomes inaccurate.
Abstract ………………………………………………………….……………. 5
Value proposition ………………………………………………….……...9
Veio Coin: A crypto-currency and smart contract system
for the renewable energy industry ………………………………..11
People, Planet, Prosperity (PPP) ……..……………….…………...13
Energy Pool ………………………………………………………………..…17
Veio Coin Pre-ICO ………………….……………………………………...18
References ……………………………………………………..……………. 25
Our world has become polluted, and waste has become a daily life challenge for billions of
people. We are burning fossil fuels to power our communities; meanwhile many people are still
without sustainable power. The world cannot rely on oil and power plants alone, and the
system has no choice but to change to renewables.
We intend to solve this problem by taking advantage of innovative technologies to incentivize
people to convert waste into electricity. So instead of discarding waste, people get paid to
collect it and convert it into energy.
Veio is a project that connects three areas with enormous potential: energy, blockchain and
people. Growth and development in each of these fields is important for the quality of our lives.
But joined together into a new, disruptive model of energy trading, they have the power to
make our planet a better place to live in. Supporting Veio means supporting sustainability
because it brings together energy producers and consumers with common interests: to save
money and to create a decentralized, smart and clean future. Energy is one of the cornerstones
for a modern society to function. Households, hospitals, air traffic systems, road infrastructures,
communication and financial service industries are all dependent on energy resources like
electricity to function. The renewable energy market is developing fast, due to increasing
energy demands and greater awareness of climate changes. This consequently opens new and
interesting opportunities. Research by Bloomberg New Energy Finance shows that by 2040
more than 60% of total investment into the energy sector will go into renewables, which means
that the total global investment will be $11.4 trillion of which $7.8 trillion will go into renewable
energies and only $3.2 trillion into fossil fuel energy. This is a significant increase of investments
into the renewable energy sector, especially into wind and solar power energy; the latter two,
according to Bloomberg, amount to more than 65% of total investment into renewables. In its
current state, the energy market is facing challenges in the form of centralized conventional
power stations that often require high costs of energy transmission over long distances. The
existing energy model with its infrastructure will not be able to cope with the increasing energy
demand that is expected to more than double by 2050. A change of the model is necessary with
a shift to decentralized energy production supported by renewable energy. There has already
been some movement towards renewable and sustainable distributed energy systems in recent
Renewable energy obtained mostly from hydro, wind and solar power will definitely help pave
the way to a cleaner, more sustainable energy future. It is clear that over the past few years the
cost of solar energy systems has dropped significantly, giving easier access to affordable, clean
energy. With renewable resources, energy production became more decentralized, local and
moved closer to consumption points.
A distributed energy system generates power on-site, at the point of consumption and
therefore significantly decreases the cost, complexity, interdependencies and inefficiencies
associated with transmission and distribution.
Blockchain technology offers great potential. It fits perfectly into the renewable energy sector
because it enables direct (peer-to-peer) services closer to consumers and producers and offers
transparency and local energy self-sustainability. We offer you the opportunity to be a part of
the Veio project. With this project we could build the largest energy power pool that will enable
energy self-sufficient entities and financial benefits by combining the best features of two
seemingly very different, areas. Using the advantages of blockchain technology to disrupt
services in the energy sector is an innovative and thrilling prospect.
VEIO IS DEDICATED TO:
• Create a digitally-tradable crypto-token for energy trading;
• Enable personal contribution for improving the global situation;
• Support self-consumption and self-sufficiency;
• Take the full potential of local renewable resources;
• Take advantage of blockchain technologies;
• Enable transparent transactions between producers and consumers through the Pool, based
• Lowering costs by reducing or outright eliminating the role of the middleman;
• Strengthen the crypto-currency network;
• Connect people worldwide, borderless;
• Take an important step towards reducing global warming.
The Veio project aims to create a sun-driven economy. Our team has remarkable ideas on how
to integrate blockchain technology into the energy sector, improve services and increase
economic, environmental and social benefits. The funds we gather will allow us to develop and
implement a variety of innovations that we are planning for this sector in the near future. This
is a truly big opportunity in the energy market with the potential to reward all participants; the
consumer and producer with financial value, cleaner energy and digitized compensation for the
electricity they consume and produce and Veio by the growth of the network.
❖ Deposit your waste with our energy partners – Individuals no longer have to just discard
their waste. All you have to do is deposit your waste with any of our energy partners
close to you or request a waste pickup from any partner offering the service. People will
be encouraged by this as it adds value, contributes to a greener environment and better
❖ Get paid with Veio Coin as incentive – After the receipt of any waste by our energy
partners, they transfer an amount of Veio Coin to your ethereum wallet. The amount of
Veio coin transferred will be proportional with the energy the collected waste can
generate. This will motivate individuals to deposit waste in huge mass which in turn will
increase energy production.
❖ Buy energy products and services with Veio Coin – After you receive your Veio coin, you
can exchange it for electricity products, bills and also to purchase goods, especially
energy products from our energy partners and agencies. Everyone can benefit; poor,
middle class and rich. It’s for everyone.
❖ Transact between friends and colleagues – you can easily transfer Veio coin to business
partners, friends and colleagues as a medium of exchange. You can also exchange Veio
coins for other crypto-currencies on crypto-exchange platforms. Veio coin is the future
of crypto-currency. Its potential is limitless.
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Our team has been active both on energy and IT markets for years. We are well aware of
opportunities and have the knowledge and innovative ideas for new perspective services that
can be implemented with blockchain technology. With economic growth and development the
need for electricity also increases. An estimation presented during the Event Horizon 2017 in
Vienna (Energy Blockchain Conference) predicted that in 30 years the existing levels of energy
will only suffice to maintain the existing infrastructure, given the population growth and the
fact that more and more products use electricity as their primary source. And when energy
storage and the automobile industry reach the break-through point, electricity consumption is
expected to double. There is no question about demand: it is huge. Over and above that, there
is the gap between retail price and bulk price of electricity to consider as well. On average, only
one third of the retail electricity price is on the energy itself, the rest are different charges that
increase your bill, such as; distribution charge, customer charge, state tax adjustment charge,
consumer education charge and some others.
Introducing blockchain into the energy market means reducing costs by diminishing the effect
and cost of the middleman. It also means optimizing consumption and production of electricity
and thus transferring the added-value directly to consumers and producers. The goal of Veio is
to replace the existing middleman role with blockchain technology in order to connect
independent power producers (supply) and power consumers (demand) through the Veio Pool
via smart contracts. Smart contracts are blockchain-based programs that aim to provide trust
and security superior to traditional contract law and to reduce other transaction costs
associated with contracting while also saving a lot of time, since they are executed as soon as
agreed by all participants. When connecting the energy sector and cryptographic infrastructure,
a lot of room is opened up for business process optimization, as well as more transparent and
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efficient functioning within the energy sector. With this new approach, the retail price of
electricity can be diminished and that gives us an opportunity to reach a sizeable market share.
Veio will also be partnering with energy agencies to collect wastes from globally concerned
individuals and to pay these individuals in Veio coins, an amount proportionate to the amount
of energy the collected waste can produce. The Veio coins can be used to purchase energy
products and services, electricity and also for trade/exchange on crypto trading platforms.
VEIO COIN: A CRYPTO-CURRENCY AND
SMART CONTRACT SYSTEM FOR THE
RENEWABLE ENERGY INDUSTRY
A crypto-currency is a blockchain-based ledger system with both transparency and privacy in
mind, enabling a trust-based system of trade between humans via digital currency. By launching
a renewable energy crypto-currency, we are essentially launching a renewable energy bank,
with the critical distinction that instead of a bank existing within a centralized system, anyone
can launch one’s own exchange and participate in the decentralized global digital market, which
is Veio Coin.
To facilitate the conversion of energy to crypto-currency, we will leverage existing energy
technologies, as well as invest in future technologies. Once our ICO is complete we will develop
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a smart contract platform on top of the Veio crypto-currency and launch this new crypto-
This will specifically allow anyone to exchange Veio coins for usable energy products like
electricity. Veio coin holders can also trade Veio coin in exchange for other crypto-currencies.
Individuals can also create their own smart contracts on our platform in order to exchange, buy,
trade, and sell energy. We will invest in renewable energy technologies and intellectual
property that will facilitate our ability to grow renewable energy projects across the globe while
also leveraging our own crypto-currency. At the same time, we will also build tools to allow
anyone to do the same.
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PEOPLE, PLANET, PROSPERITY
Triple Bottom Line (TBL)—People, Planet, Profit (PPP)
The TBL is a business accountability framework that equally weighs impact along social,
environmental, and financial measures of success.
Veio’s Impact on People
✓ Value creation for every human
Veio draws its value from the key moment where renewable energy sources are converted to
usable energy products. Certified renewable energy generating devices will measure and report
energy production, and the value generated will be traded in exchange for Veio coins which in
turn can be used to purchase energy products and services. Veio’s value will be based on a
global market cap with localized market rates decided by smart contracts to determine the
price of energy products. This system will quickly give people access to local energy markets,
and incentivizes sustainable energy creation within a community.
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✓ Value trading and investing for every human
Veio provides a globally scalable vehicle for individual value creation and each person is then
able to trade that earned value directly with anyone else on the planet. This localized value
creation is not dependent upon trade within the global renewable energy market. In short, Veio
harvests the colossal un-gathered value of the world’s masses and focuses that value directly
into sustainable energy infrastructure.
✓ Decentralized Applications
Decentralized Applications (DApps) provide ways for anyone to generate value by participating
in the waste-to-energy supply chain. By depositing trash at a waste-to-energy site, or using a
toilet attached to a wastewater-to-energy system, anyone can contribute to the simplest
business model on the planet. This is the power and potential of Veio Coin.
Veio’s Impact on the Planet
✓ Veio fuels local innovation
A direct and decentralized path to generating value through the conversion of renewables to
energy will drive the proliferation of renewable energy at the local level. The creation of a
transparent and efficient avenue to generating power from renewable energy sources is the
backbone to any human-wide effort to properly manage environmental balance.
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Veio’s Impact on Prosperity
✓ Market Potential
World energy consumption is expected to increase at an alarming rate. From 2012 to 2040, the
total world consumption of marketed energy is expected to expand from 549 quadrillion British
Thermal Units (Btu) to an anticipated 815 quadrillion Btu in 2040 (International Energy Outlook
Using the US power grid as a reference, an operational capacity increase of 48% would require
tens of dozens of new power plants to be erected, bringing with them an estimated multi-
trillion dollar price tag and endless tons of additional pollutants.
✓ Fair and efficient financing for the production of sustainable energy
Authoring the most efficient green energy infrastructure finance system will generate
invaluable market information. Detailed data management, analysis and machine learning will
provide insight into local trends, best practices and economic forecasting indicators.
✓ Power of first
Being the first to market with a bottom-up, green energy crypto-currency will help us dominate
the market. Approximately half the people on earth lack any banking access and will be excited
about the opportunity to exchange waste products for either energy, or monetized for use in
their local ecosystems.
The Profit Stakeholders and How They Make Money:
✓ Energy Producers
Industries that harness power from renewable sources will receive value per kilowatt-hour
produced, dependent on the local electricity market value. This value can be traded to partners,
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We will start by developing new services which will optimize energy trading. Firstly, we will
establish the Veio Energy pool. The idea is to join together electrical power producers and
consumers and enable them to trade electricity through the Pool. After successful registration
everybody can join the Pool. But in order to actually trade electricity one would need to obtain
Veio tokens (VIO). VIO’s will be issued at the Veio token sale as a software and energy license to
use the Energy Pool.
This is a simplified example of how Veio Energy Pool could work:
CONSUMER - First of all, registration through the mobile app is necessary to enter the Pool.
Registration will be fast and easy and will enable quick and simple smart contract signing. This is
all the consumer needs to do in order to start buying electricity from the Pool. If person A
already has VIO from their participation in the ICO, he or she can simply use them to obtain
electricity from the Pool. Other users will have to buy VIO on the exchange in order to buy
electricity from the Pool. The app will allow this transformation automatically. Due to huge
potential of electricity demand worldwide and competitive electricity price in the Pool, the
demand for coins will grow constantly and with it also their value.
PRODUCER - Person B has a solar power plant and he is a producer of clean renewable energy.
He is currently selling his electricity to huge trading companies, where his position to negotiate
is weaker. By joining the Pool, he could get better compensation for his energy. He receives
tokens, which can then be traded on the exchange to get fiat currencies. The app will have an
option to automatically transform tokens to Euro, Dollars or any other currencies to minimize
the producer’s risk. A crucial aspect in developing a Veio Energy Pool is a mobile app. Veio is
already developing an app in order to make it user friendly and simple. In order to be a part of
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the Pool you have to register through this app. Once the registration is complete you join the
Veio community and can immediately enjoy all the benefits offered, being a power producer,
consumer or both (prosumer)
VEIO COIN PRE-ICO
Token Symbol: VIO
Token Type: ERC 20
Start Date: 3rd June, 2018 (12:00am GMT)
End Date: 1st July, 2018 (9:00pm GMT)
Minimum Transaction Amount: 0.1ETH
By participating in the token sale you will receive Veio tokens. As the only crypto currency we
accept on the token sale is Ether, we decided to fix the amount of VIOs to the Ethers we gather.
The basis for token issuance is set at a ratio of 10000 VIOs per 1 ETH for pre-sale.
100,000,000.00(20%) VIOs will be available for purchase during the Pre-ICO.
Since we’re launching a global digital currency, your contributions aren’t going just to us; you’re
contributing to the global interest of renewable energy.
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The Veio Token, Pre-ICO is an exclusive event. Veio aims to tackle the sustainable energy and
global garbage problems by cryptographically amortizing all renewable energy sources. Our
blockchain economic tools will generate massive shifts in human group behavior that are
required to address complex global challenges.
This initial Pre-ICO is a token sale, and NOT a sale of a completed crypto-currency. We are
leveraging existing blockchain technology to facilitate the creation and allocation of tokens
during our initial Pre-ICO. Veio Tokens do not have a guaranteed monetary value, and there is
absolutely no promise of profit or a return on investment.
The purpose and intent of these tokens are to be traded for a future crypto-currency of Veio
Coins and electricity products. In other words, we are seeking angel investors who ultimately
align with our vision and also desire to see the tools and technology we intend to develop to
exist so that they can later leverage them on their own in a decentralized ecosystem.
Our intention is to develop the blockchain tools and technology required to facilitate everything
mentioned above in this white Paper, then release the Veio Coin crypto-currency and smart
contract system for free. We intend to setup a governing body to oversee the future
development of Veio Coin, but no one will truly own it as the system will be completely
If this kind of risk scares you, then this is not the right investment opportunity for you. If this
kind of opportunity excites you, then the most logical way to look at this is almost like a kick
starter. While we believe there will be opportunities for crypto based profits given
the capitalistic nature of the system we intend to develop, this is not a get rich quick scheme
but an ideological investment in developing new blockchain technology to change the world by
incentivizing renewable energy creation.
Veio Tokens will later be traded for Veio Coins when we launch our own crypto-currency in the
future. The value of contributions in the Pre-ICO has the highest likelihood to gain the most
crypto-currency. Pre-ICO funds will finance a globally focused team of industry professionals
that will harness the power of the blockchain to solve planet-wide problems.
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Usage of Funds – Veio Token Pre-ICO Event:
❖ Research and development of Veio Coin crypto-currency and smart contract platform
❖ Research and development of blockchain technology
❖ Establishing strategic partnership with energy producers and blockchain outlets
❖ Digital Marketing execution, including: global targeted advertising, press releases,
videos, presentation materials, and branding
❖ Building a world renowned team comprised of experts in the renewable energy industry
and blockchain enthusiasts
❖ Operating expenses, including: salaries, equipment, legal, and business travel
❖ Veio ICO Launch Event (date to be decided)
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• Veio P2P PLATFORM
Based on a phased approach, the Veio P2P Platform will connect energy producers and
consumers. Users will be able to trade electricity directly; the final price and quantity will be
determined by trading algorithms based on auction clearings on the Blockchain. The producer
and consumer will determine the bid and the asking price of electricity, at which they would be
willing to sell or buy, and trading algorithm and smart contracts will do the matching and
settlement. The minimum and maximum prices of electricity will be determined by the
contracts for electricity sold and bought outside the pool. During phase one; the Veio Platform
will be developed for direct selling, purchasing and balancing responsibilities. Later, additional
functionalities will be added and upgraded to the Veio Platform in order to cover ambitious
objectives such as operating the flexibility market, or assets visualization across the value chain
(substations, lines, EV chargers or electrification of heating).
• IMPLEMENTING THE P2P PLATFORM ON A NATIONAL LEVEL
Rules for trading, purchasing and supplying, contract signing, invoice issuing differs from
country to country. Therefore, a business process with a user friendly interface that is
compatible with national regulatory framework will have to be accomplished.
• COMMERCIALIZING THE P2P PLATFORM
Once the successful implementation is completed, our ambition is to export the model feature,
customized for the adopting country. The Veio P2P Platform aims to offer attractive services
and products in the context of P2P availability and future requirements. For this stage a new
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level of features for the platform will be integrated, offering end-users the options to easily
engage into the flexibility market. A decentralized energy market requires energy producers,
consumers and load balancing. Using advancements on smart-grids, end-user customers of the
Veio Platform will also aid the balancing of the electricity grid through demand response. For
example, the agreements regarding the time frame for charging your electric car, the grid
operator thus has more flexibility to manage and regulate electricity flow. And for these
services they could get compensation from grid operator.
• INCREASING THE TRADING VOLUME OF P2P PLATFORM WITH RENEWABLES AND ENERGY
Investments into renewables and energy storage could increase self-sufficiency and flexibility of
the Veio ecosystem and increase the trading volume inside the Veio Pool. Platform users could
by themselves ensure the storage of excess electricity during low demand and the option to
release it as demand rises.
• INCREASING THE MARKET SHARE
At this stage, the platform will be fully established and our ambition is to engage with new
partners across the value chain, from academia to transnational grid operators. We would like
them to use a robust business model while contributing to a broader use of the Blockchain
within the energy market.
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Contribute to the future of renewable energy
Veio Coin’s mission is to become the primary energy unit of cost for renewable energy
throughout the world, blending the lines of conscious waste management and renewable
energy to create unparalleled value for contributors, and for our planet.
Converting Tokens to Coins
Veio Tokens (the “Token(s)”) will be tradable on the ERC-20 token compatible platform. During
the time period following the Pre-ICO and ICO, the Veio Coin Group will initiate development of
the Veio Coin (the “Coin(s)”), including the associated blockchain and smart-contracts. Upon
the completion of Veio Coin and the ecosystem, a launch date will be announced either by
email and/or posted on the Veio Coin website. We anticipate releasing a 30 day notice
informing members of the expected launch date of the Coin, as well as additional information
regarding the TRADING of Tokens for Coins.
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Veio employs an international team with vision, expertise, innovative thinking, openness,
management skills, marketing knowledge, and developers coming from various backgrounds
from IT, energy sectors, finance, blockchain, and more. With blockchain technology evolving at
this rapid pace, we see its implementation into the energy sector as unavoidable. Being the first
in the market, plugging the crypto-world into electricity is a great opportunity that you should
not miss. Welcome to the electro-blockchain revolution.
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1. Bloomberg New Energy Finance
2. CompareMySolar Ltd.
3. Bloomberg New Energy Finance
4. European Commission: SETIS