Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with AVATU 10 February, 2022. This guest star,
- Paul Angerame — Director & Investor of Avatu
Absolutely, I’m a long time energy infrastructure executive and builder looking towards a Decarbonized future and believe Avatu is a great path towards that end.
What’s Avatu? How does Avatu work?
Avatu is a platform to empower its users to transition the electrical grid into the renewable energy future.
Why Avatu? What are some of problems that Avatu aims to solve? What solutions are offered?
Excellent I can’t wait to give everyone more insight into the project….
Inadequate and aging infrastructure
Transition to a renewable energy future
The solution is the education and democratization of electrical infrastructure.
It’s giving the Power to the People 😀 and allowing all the participants a way to be more active and aware!
This has never happened before and it will revolutionize the the way electrical energy is stored and exchanged.
Can you tell us about Avatu token economy also utility $AVATU token in ecosystem?
The Magic Box which I will explain more about later is the physical connection to the “grid”
The token will power the future of Electical energy by incentivizing Magic Box hosts and allow grid participants to interact with the Avatu platform.
$AVATU is the native token of the Avatu platform!
Magic box owners will connect to the grid and be rewarded with $AVATU
Who is the team behind Avatu? Could you please tell us more about them?
Our team is made up of energy infrastructure leaders, electrical engineers, Blockchain experts and environmental advocates.
We all have a passion to transform the energy ecosystem and make it easier for everyone to be involved
More details about the growing team can be found at Avatu.io
What are the major milestones Avatu achieved so far and what are in future pipeline?
Absolutely. First let me tell the group that I have been incubating this idea for the last 5 years. It’s a passion and a mission.
I first started developing very large scale energy storage systems
But realized that the real power of energy storage was at the edges
Most projects have been large utility scale projects that are extremely centralized
We are building the largest most decentralized energy storage system in history.
Platform design and architecture
Design of the Magic Box
Provisional Patent approved and Non Provisional applied for
Prototype in production
Adding to team and advisors
Are some of our achievements and near term plans!!!!
What makes the Avatu ecosystem valuable? How do they manage to scale with global demand with their grid and be able to function anywhere electricity is generated and consumed? How will you improve demand-driven power requirements at any point in time?
Demand response is a core benefit of the Avatu platform.
The answer, we believe will evolve and is different from location to location. In the industrialized world the demand for energy is constant but the grids are unstable and in need of innovation as they transition to renewables. In the developing world power is more scarce and grid operators have difficulties meeting demand. Avatu aims to solve these problems and ease the Decarbonize process.
You said The Magic Box is at the core of the Avatu platform and is designed for use by residential consumers. Where can users get or buy Magic Box? Can we rent them? How is The Magic Box designed to make sure there are no current problems for each user in different countries?
We have a global team and we intend to have global answers…
As currently planned…
Magic box will begin with the first 10,000 units being made available for sale later this year.
There will be models designed for global use and for various voltages and frequency from market to market.
Pre-orders will start Q2 2022
Fingers crossed for easing of supply chain issues… Done ✅
Talking about “Use of Blockchain Technology”. What underlies the AVATU Business Model? And will AVATU use a decentralized model that is carefully managed to ensure uptime and reliability?
These are great questions by very informed members. I love this ❤️
By brief answer is.
There is a robust blockchain development team in place. Safety and transparency are paramount
My goal is to put the power of the platform in the hands of the participants.
Our motto is Democratize Decentralize Decarbonize
More details at Avatu.io
I found that with Magic Box it allows its owner to do energy mining to earn tokens. Can you talk about the processes and features that make Magic Box profitable for owners? In what ways will the Magic Box harness energy? Does Magic Box work as a Miner?????
Another important question
The Magic Box will connect and be configured locally with a user app
This app will geolocate the box and identify the the electrical load zone
It will then allow users to make the box available to the Avatu platform for deployment during an energy event
This could be demand response, demand charge management or energy arbitrage
The Box will also supply local and community resilience.
In the event of a utility failure the Magic Box owner will have limited but useful backup
The Magic Box will incentivize the owners through a PoP proof of power algorithm.
I love ❤️ talking about this project!
thank you 🙏🏼 Done ✅
Nowadays partnership is one of the most important thing in a project’s long run, Can we see new partnerships for the project soon?
Amazing. We see huge potential for partnering.
We love the Helium platform and model and see them as potential partners.
We are also looking at existing players in the energy storage space as possible partners. Like LG chem or Schneider
We also know many web3 projects are in development that will aid in scaling this project
As we come out of stealth we anticipate many more opportunities to partner and welcome them wholeheartedly!
So many great thoughts provoking questions
While you build your project do you take into account community feedbacks and demands??While you build your project do you take into account community feedbacks and demands??
Yes absolutely it is essential to a decentralized economic model. We will all benefit from community involvement in decision making. Thank you 🙏🏼
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
I like the frankness of this question. This project is built on trust. My personal involvement and the close group of advisors are all working diligently to make this project a success. The project is real. The product is real. And we will do everything in our power to make it a successful reality. Thank you 🙏🏼
What are the attractive features in your project? What is the vision and goals in your project that you want to achieve in 2022 and beyond?
Our vision is to Decarbonize the planet 🌎 and do it in a decentralized and democratic manner. 🙏🏼🙏🏼🙏🏼
What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?
Our advantage is the micro nature of our product that allows us to scale. For instance the Tesla power wall is a product that is tens of thousands of USD our product will be a small fraction of that and available to a much wider audience and powered and incentivized by the blockchain! 🚀🚀🚀
How old is Your project? What are the major plans ahead? Could you show to us image of your roadmap?
This is similar to many other questions and I thank you please look here Avatu.io for more and continuing information as well as our socials. Thank you so much 😊
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about AVATU.
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