EXERGY BLOCKCHAIN PLATFORM ATTRACTS KEY CRYPTO ADVISORS IN BUILD-UP TO TOKEN PRE-SALE
• Exergy, the energy blockchain, secures significant backing from within the crypto community as two big names join as advisors
• Don Tapscott and Richard Li to provide expertise and knowledge to optimize Exergy potential
• Public engagement now on the horizon as Exergy to moves toward accredited token pre-sale
Brooklyn, NEW YORK— July 11, 2018— Two of the world’s most influential advisors on blockchain development have thrown their backing behind the global data energy network, Exergy, ahead of an imminent token pre-sale.
The platform, created by New York-based firm LO3 Energy, aims to revolutionize the energy industry globally, by replacing national grids with interlinked microgrids that allow consumers and utilities to buy and sell local energy.
LO3 Energy CEO Lawrence Orsini said, “Don and Richard have all become interested in Exergy because its potential to revolutionize the energy industry has now been demonstrated through multiple active projects around the world.”
“Their combined expertise in the blockchain and token project development is a major asset and having them onboard as advisors will accelerate development of the Exergy network and the XRG token that underpins it.”
The Energy industry is facing radical change due to the growth of distributed renewable generation from solar and wind, which requires significant changes in the infrastructure of power delivery networks to reach its required potential.
The Exergy blockchain provides a solution to this by using a distributed ledger system to enable real-time small-scale transactions that optimize and balance energy use in a network, with the XRG token providing the access permission.
Tapscott, one of the world’s leading authorities on the impact of technology on business and society, said,” As with major transformations that preceded it, blockchain technology is going to disrupt many industries.”
“The interesting thing with Exergy and the XRG token is that not only can it disrupt an industry worth trillions of dollars but, through decarbonization, it can also have a positive impact on the future of the planet.”
Li, a specialist in early-stage token investments who has been in the blockchain space since the day after Bitcoin was launched, added: “I have known about Exergy for some time, and I have been watching its development with interest.”
“I’m impressed with the technical team that LO3 has brought together to make Exergy a reality. Their ability to ramp up in a tight market is impressive, that means people are behind the brand for what it stands for.”
LO3 has just launched new projects in Texas, USA with Direct Energy and in Cornwall, England, with Centrica, both showcasing different use cases for the Exergy platform.
They add to existing projects in Australia, Germany and the flagship Brooklyn Microgrid, which enabled the first ever peer-to-peer energy transaction over blockchain in 2016 and has been running for more than two years.
The XRG token, which is in a private sale period, will be opened up to accredited investors’ pre-sale later this year as LO3 continues to launch new projects with new partners around the world.
Exergy™ is a distributed ledger system combining software and hardware layers, a token system for permitting data, and an architecture that advances market design and technology in tandem. Through our blockchain software, Exergy creates secure data pathways for decentralized markets, peer-to-peer transactions, predictive analytics, micro-hedging and other applications that are only beginning to be explored. For more information visit exergy.energy.
About LO3 Energy
LO3 Energy, a Brooklyn, NY based company, is building a platform to enable decentralized business models and innovative technologies related to energy, cleantech and utility systems. The LO3 team has deep expertise in design, architecture, development, prototyping, and testing of cutting-edge distributed energy, computing and peer-to-peer distributed consensus networks. The company builds tools and develops projects to support and accelerate the proliferation of the distributed energy, utilities and computation sharing economy of the future. More information at www.LO3energy.com.
About Don Tapscott
Don Tapscott, Executive Chairman of the Blockchain Research Institute, is one of the world’s leading authorities on the impact of technology on business and society. He has authored 16 books, including Wikinomics: How Mass Collaboration Changes Everything, which has been translated into over 25 languages.
Don’s most recent and ambitious book was co-authored with his son, startup CEO and bitcoin governance expert, Alex Tapscott. Blockchain Revolution: How the Technology Underlying Bitcoin is Changing Business, Money and the World was published in May 2016 and is, according to Harvard Business School’s Clay Christensen, “the book, literally, on how to survive and thrive in this next wave of technology-driven disruption.” The paperback version of the book, updated with a new preface and afterword, will be published June 12, 2018.
In 2017, Don and Alex co-founded the Blockchain Research Institute, whose 80+ projects are the definitive investigation into blockchain strategy, use-cases, implementation challenges and organizational transformations.
Don is a member of the Order of Canada and is ranked the 2nd most influential Management Thinker and the top Digital Thinker in the world by Thinkers50. He is an Adjunct Professor at the Rotman School of Management and Chancellor of Trent University in Ontario. It is hard to imagine anyone who has been more prolific, profound, and influential in explaining today’s technological revolutions and their impact on the world.
About Richard Li
Richard is a General Partner at AlphaBlock Investments, a fund focused on investing in early-stage token projects. He has been involved in this space since 2009 – the day after Bitcoin launched. Previously, he was an entrepreneur that started a media company that reached more than 110 million page views per year. He believes that crypto and blockchain technology is unprecedented breakthroughs with multi-trillion dollar potential.
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