FRED ENERGY: Blockchain Based Green Energy Projects

You may have heard about Wiebe Wakker, who set off on a trip from the Netherlands to Australia in an electric car. It took him more than 800 days to reach his final destination in his 2009 Volkswagen Golf, which had its petrol engine and fuel tank replaced with a 37 kWh battery, giving it a range of 200 km. His journey smashed records for the longest distance covered in an electric car.

But, if you were on a tight schedule and didn’t want to rely on other people’s generosity to offer you a plug to charge the car, like Wakker, you would need an established charging infrastructure along your route. The electric vehicle (EV) charging infrastructure market is, undoubtedly, building up momentum in a bid to cater to the thriving global EV market. In its latest report, GTM Research estimates that by 2030, the share of electric vehicles (EVs) in total new car sales will be 11%, up from currently around 3%. In comparison, BloombergNEF said earlier this year that it expects to see EV's comprising 28% of all new car sales by this time. By 2050, meanwhile, it predicts that 55% of new car sales will comprise EVs, thus resulting in 33% of the global car fleet being electric.

As the market for EV’s is growing, so is the market for EV charging infrastructure. GTM Research states that the global EV charging infrastructure will reach 40 million charging points, also by 2030. Resulting from this large-scale infrastructure development, a range of stakeholders in the energy and grid operating business are collaborating, and developing new business models to participate in this growing market.

One of such a project is FRED Energy. Leveraging a public Stellar blockchain as a transaction layer, the company intends to enter the EV charging station market. The main objective of the project is to implement EV charging stations to meet a growing demand of consumer needs now and for the future.

The company plans to partner with electric and solar Tuk-Tuk suppliers and purchase a number of vehicles to create brand exposure. Each vehicle will bear the FRED Energy logo and will target Tuk-Tuk taxi drivers located in city and tourist areas in Asia, namely Thailand, Vietnam and China and will set the stage for project Energise.

In addition, FRED Energy will also provide a marketplace for all thing’s alternative energy products of FRED Energy partners. It will eventually include home and commercial EV chargers, solar panel systems, electric and solar tuk-tuks, consumer wind turbines and other related gadgets with payment options to include FRED Energy tokens and other cryptocurrencies along-side traditional methods.

The financing of this open source project will take place via a token sale event. Currently, the FRED token can be bought through FRED Energy Website.

Token Details:

Token Name: Fredenergy
Symbol: FRED
Decimals: 18
Blockchain: Stellar

In addition, FRED Energy team comprises of professionals with a wide range of experience and expertise in blockchain technology, systems development, marketing, finance and project management covering the many areas required for a successful project. You can visit their LinkedIn profiles on website to check the authenticity of each member.

For more information, you can visit these following links:

Website – https://token-sale.fredenergy.org
Whitepaper – https://token-sale.fredenergy.org/FREDEnergy-Whitepaper-v1.1.pdf
Bitcointalk ANN – https://bitcointalk.org/index.php?topic=5160351.0
Telegram – https://t.me/FREDEnergycommunity
Discord – https://discord.gg/uhAjg9w
Facebook – https://www.facebook.com/TheFredProjectOfficial
Twitter – https://twitter.com/energy_fred

*Author's Bitcointalk username: binar234
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245