Bluenote – ICO Detailed Information

One of the biggest problems that the world is facing today is the climate change issue, particularly worsened by high energy consumption. This is why researchers around the world are trying to find new, eco-friendly solutions, and the concept of zero-emission buildings is emerging, albeit quite slowly. Still, it is starting to attract more and more attention as the awareness keeps spreading, and it represents an innovative approach that can help improve energy performance, as well as help reduce carbon emissions.

As mentioned, the progress is quite slow, and the concept itself is far from being mainstream, as it remains a major challenge. Of course, one of the biggest downsides of the concept lies in the model of analyzing and storing data.

So far, it is quite clear that traditional analysis, as well as storage methods of the internet and cloud are vulnerable to threats such as manipulation and hacking attacks. However, with the emerging new technologies, particularly the blockchain technology, it is possible to reduce the energy consumption and carbon emissions and deliver an efficient way of storing and analyzing data at the same time. This is something that many have been willing to explore, and one of the projects dedicated to solving this issue is BlueNote.

About BlueNote

BlueNote is a blockchain-based project that has created a platform that has the goal of creating new energy markets. These markets would help identify, implement, and finance other environmentally-replicable projects. Its long-term goal is to achieve environmental, social, and even an economic benefit.

The platform plans to do this by operating through a transparent structure where different building projects can get an opportunity to upload their performance energy data on a calculator which would be verified by the community. The calculator itself would help bring carbon-emission reduction.

BlueNote developed its own protocol that would act as an open-access network. It allows users to engage in data sharing and analysis, as well as building energy sources that would enable different strategies for the buildings.

Of course, to achieve all of this, the platform also needed its own token.

BlueNote ICO details

BlueNote already held its ICO well over a year ago, with the private sale starting in February 2018, and ending in April. Then, the ICO itself took place about a month later, from May 1st, 2018, and it lasted an entire year, ending on May 1st, 2019.

The token's name was BNOW, and it was developed as a utility on Ethereum's network, which makes it an ERC-20 token. The project was registered in Switzerland, and it had several restricted areas, including the US, China, Canada, New Zealand, and South Korea.

The project reportedly raised more than $10 million from private investors alone. The token's price was 0.01 CHF per 1 BNOW, and interested investors could have purchased the token in exchange for Bitcoin (BTC). The team had a goal of raising 20 million in CHF, and they offered half of the token's total supply or 6.250 billion BNOW.

Author: Ali Raza for Crypto-Rating.com