REVIEW OF CANDELA COIN

INTRODUCING CANDELA COIN

Candela Coin is a token that allows holders to take part in the groundfloor phase of decentralized solar energy and a blockchain based peer-to-peer energy transfer platform. People across the globe will be able to transfer solar energy to
others in their communities using candela coin as a medium of exchange. Blockchainbased peer-to-peer transfer allows users to buy, sell, or store solar power allowing energy to be more accessible and sustainable for the world. Our vision is to decentralize and democratize the consumption, transfer, and production of solar energy. With Candela coin,
we remove the need for large monopolies and power companies that control the price and supply of the power we rely on, putting the power back in the hands of we the people.

All across the world the new energy consumer wants comfort, security, a more engaging relationship, and a promising future for energy production. A democratized energy marketplace is the only way to achieve this promise, and the Candela Coin team has developed a key piece of this paradigm shift. With Candela Coin, we are reimagining the
customer’s role in, and access to, increasingly open and competitive solar electricity markets. The energy market is currently facing challenges with its centralized conventional power stations and grid that require high costs to maintain. This means higher costs for the consumer. The existing electricity and power model will not be able to keep up with the
increasing electricity demand with its centralized grid and infrastructure. Costs will rise dramatically. Consumption is expected to more than double by 2050. A paradigm shift is necessary. A shift to decentralized solar powered microgrids made up of people is what we are building. We want communities to create their own decentralized solar energy

Blockchain technology can benefit and accelerate the shift to solar energy. It fits perfectly into the renewable energy sector because it allows direct peer-to-peer transactions between users, and offers transparency and local energy self-sustainability. This project aims to create truly decentralized solar energy across the globe made up of we the people,
instead of the power companies or middlemen. This will allow peer to peer production and transfer of solar energy. Utilizing blockchain technology allows us to create seamless production and peer to peer transfer of solar energy. We share many things with those in our community. There is constant exchange and interaction with those around us. The one thing we haven't been able to share is the very thing needed to make any of it happen: Energy.

THE VISION

Candela coin's goal is to truly democratize and decentralize energy for all so that the world is no longer dependant on large monopolies and corporations for their energy. We aim to do this by removing the current infrastructure that keeps our nations tied to these corporations and entities. We are offering innovative IoT hardware that enables users to receive and store energy, while at the same time giving them a single point of seamless transaction to buy and sell energy. We are truly aiming to empower the people.

Candela's open-source ecosystem allows users to participate in every way possible. Everybody is a contributor. Candela coin is unique in that it allows users who aren't prosumers to add liquidity to the energy market. By doing this we believe that we can truly democratize and decentralize energy.

THE PROBLEM

The energy market is currently facing challenges with its centralized conventional power stations and grid that require high costs to maintain. This means higher costs for the consumer. The existing electricity and power model will not be able to keep up with the increasing electricity demand with its centralized grid infrastructure. Costs will rise
dramatically. Consumption is expected to more than double by 2050. Many problems we face also include power company monopolies and duopolies, poor service or non functional service during times of crisis, inclement weather, or in developing areas. There are also the issues that stem from government regulations. With the power companies if
you don't pay for monthly service your power is shut off. With candela you use what you
buy. It's like going to the grocery store. Get power without a power company.

THE SOLUTION

Get power without a power company. We propose that the answer to these mounting concerns is Candela, a blockchain based system that functions across connected hardware (IoT devices), a token system for transactive energy (Candela Coin), and a foundation that advances market design and technology in tandem.

We want communities across the world to create their own decentralized solar energy. Individuals in the community will own their solar panels and can sell their excess energy to others in the community. We envision that people with solar panels, small and large, will all be able to contribute electricity to the Candela system. If a user wants to sell their solar
energy back to the grid, they are given cents on the dollar. Our solution would allow them to get more money for their solar energy as well as reduce the costs for the purchaser.

Candela uses an IoT metering device that runs blockchain technology, giving it capabilities not currently available in many energy markets. First, it shows solar panel owners how much energy they’re producing, rather than having them trust the local utility to calculate the amount. The blockchain also enables the direct transfer of energy between users and dramatically reduces the costs of such transactions. The community marketplace solution offers a compelling way for users in a community to buy and sell solar energy. Users can easily make an offer, create a budget, or even sell their own power on the marketplace.

Candela can manage the flow of electricity and the exchange of energy within electric power systems through the formation and delivery of pricing signals, use of predictive analytics and automation of activities, which reflect true cost of local service. This can all happen behind the scenes, at the machine-to-machine level. The system unlocks value to
be assembled in new ways and priced appropriately. Transactive energy, properly implemented, represents the fairest allocation of risk and reward enabling new business models that provide services to participants. By rewarding efficiency and flexibility, the system has the potential to activate value for customers and create new ways to manage
and invest in the responsive grid of the future, which is beneficial in developed economies, and it can be transformative in newly electrifying ones.

Blockchain technology is an innovative method of storing and validating data that permits direct transactions between energy prosumers and consumers. Transactions are trackable and tamper-proof on distributed systems without the need for centralized monitoring. Thanks to the blockchain, the possibility of manipulation is virtually eliminated. In addition, authentication processes guarantee the confidentiality of user data. The combination of a
decentralized solar energy solution and blockchain technology will make it possible for a person who owns photovoltaic systems to sell solar energy and receive payment from other users.

THE PRODUCT

Candela creates the ability to buy and sell solar energy between users. We use the ethereum blockchain to secure and manage the data needed to create marketplace transactions. The Candela Coin provides the incentive for energy prosumers and consumers to contribute and participate in an energy marketplace. Candela is based on a
market model called transactive energy, which refers to economic and control techniques that enable broad participation in the new multi-party energy system, and designed to provide all market participants more opportunities to connect.

TOKEN UTILITY

Unlike any other solution currently in existence, Candela coin offers a single coin and a single point of entry for buying and selling energy. We do this by aggregating the average price of a buyer's bid and the average price of a seller's ask to create a seamless transaction experience. Not only are we able to provide the most streamlined transaction experience, but we are also able to ensure liquidity and continuity of power.

To incentivize users who currently have solar panels, we have set aside a reward pool of 5 million tokens. They will be given a certain amount of Candela coins (CLA tokens) per kWh produced. This will go to early prosumers who want to take advantage of our system and platform. Candela users will be able to store energy that was purchased and they can use it or resell it when they choose. Prosumers will also receive candela coins as payment from users who buy their energy

OPORTUNITY

IWe are providing the infrastructure to allow users to have open access to decentralizedd and democratized energy for all. Blockchain technology can benefit and accelerate the shift to solar energy. It fits perfectly into the renewable energy sector because it allows direct peer-to-peer transactions between users, and offers transparency and local energy selfsustainability. This project aims to create truly decentralized solar energy across the globe made up of we the people, instead of the power companies or middlemen. This will allow peer to peer production and transfer of solar energy. Utilizing blockchain technology allows us to create seamless production and peer to peer transfer of solar energy.

This opportunity is not only about technology, it’s about the way the technology is adopted by consumers, not by regulated companies. Consumers will continue to buy and use smart phones, smart appliances, and distributed renewable energy, because they think it improves their lives. Our vision is that people, communities and energy consumers everywhere can show their demand for decentralized solar energy—not wasted energy—in our global system by resetting the rules of the marketplace.

Decentralized solar power will change the way we think about community and how we can interact with our neighbors. Using solar panels owned by local prosumers (individuals who produce solar electricity with their solar panels), it allows for additional power generation, storage, and energy transactions between households. Neighbors can harness excess energy and sell it to other tenants in their building or neighbors across the street or in the community, utilizing blockchain technology. This exchange of energy will be made possible with Candela coins, IoT devices and peer to peer exchange/marketplace software. It enables the transfer of energy between prosumers and consumers. It also provides realtime analysis and marketplace data. It allows you to put a human face to your energy provider. Not just any face, your community members.

TEAM
Candela's core team brings a diversity of skillsets, ranging from hardware development to utility design, technical standards setting, marketing strategy and policy advocacy, financial product design, and complex trading in derivatives markets, distributed energy computing, peer-to-peer consensus networks, cryptography, and cybersecurity, among other disciplines. The team has a unique knowledge base of integrating blockchain and transactive energy elements with physical energy generation and control assets in a regulated environment.

Leadership:
Avi Shane Verdugo - CEO
Sam Rosenberg - COO
Aoutman Amenzouy - CTO

ICO DETAILS

By participating in the token sale you will receive CLA tokens. The ICO hard cap will be three million dollars. We will issue 95,000,000 CLA tokens in the ICO. The total token supply is 125 million. 25 million tokens will be given to the team of developers, advisors, escrows, and bounties. 5 million tokens will be set aside for solar prosumers to be used as
incentives/rewards. No new tokens will be created.

For more info visit on:

Website: https://www.candelacoin.com/
Facebook: https://www.facebook.com/Candela-Coin-111118247315246/
Twitter: https://twitter.com/candelacoin
Telegram: https://t.me/candelacoindiscussion
Linkedin: https://www.linkedin.com/company/candela-foundation/
Instagram: https://www.instagram.com/candelacoin/
Youtube: https://www.youtube.com/channel/UCE4g5uz2tLyKe5xolPQzMNg
Reddit: https://www.reddit.com/r/CandelaCoin/

AUTHOR
Bitcoin profile link: https://bitcointalk.org/index.php?action=profile;u=2792832
Bitcoin username: BTCBUSTER