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How LCG Energy Solves the Problems for Small Consumers And Businesses in the Energy Sector

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LCG Energy

Market electricity prices grow every year in most countries: For instance, in 2018, prices in Europe increased by 20–40%. Constant increases, together with a lack of transparency, are a serious cause for concern for households and small businesses. Luckily, innovations in distributed ledger technology can provide a solution.

The price of energy depends on many factors: fossil fuel prices, the geopolitical situation, the season (for example, demand is lower in the summer, when there is no need for heating), specific production costs (less hydroelectric energy is produced in the summer), etc. Consumers are not always exposed to the full scale of price fluctuations since many governments provide subsidies. At the same time, they fall victim to price increases not directly tied to the market situation. For example, any new government initiative that creates additional costs for power plants will result in a price increase, as well as investments into capital, the construction of new installations, and so on.

Information Asymmetry: the Real Enemy

Electricity prices for consumers may fluctuate, but the key issue is that they should remain completely non-transparent. It is usually quite difficult to understand where the amount on your utility bill comes from due to the complicated pricing schemes used, and even if consumers manage to figure out how much energy they’re using, there’s still no way to know how much it actually costs to produce electricity: which part of the bill is the real cost, and which part was transferred onto consumers by the energy company to cover a new environmental tax?

This is a classic case of information asymmetry: The electricity company knows exactly how much it spends on producing and distributing energy, while the customer is kept in the dark. The consequences are dire: Users consume much more electricity than they really need and remain uninformed about other options present on the market. Financial losses are even more serious for businesses, which usually consume significantly more energy than households.

One solution to the asymmetry problem is smart grids, which are new-generation grids equipped with sensors at every stage, from the power plant to homes and offices. The smart meters show precisely how much energy has been and is being consumed in real-time. Users can see how much they save by turning off appliances kept on standby, switching to LED, or running energy-intensive tasks at night.

LCG Energy is a well-known energy reseller, electricity supplier and energy contractor. The smart meters which the company has been installing over the course of the last years have already helped thousands of businesses and individuals reduce their electricity costs by 20% or more, simply by analyzing and optimizing usage. However, LCG is planning to do much more.

A Vision of the (Near) Future

LCGThe new LCG Energy initiative aims to unite users, energy sellers, and sustainable new projects into a single ecosystem powered by the LCG Energy token.

All users who already buy electricity from LCG will be able to pay for it using tokens. For those who are not clients of LCG, there will be numerous other ways to benefit from holding tokens – most significantly, by supporting promising energy startups. LCG will select projects in the segment of renewable energy that can offer an ROI of 20% and up. Apart from receiving funding from LCG itself, these projects will be able to raise funding among the platform’s users.

Thanks to blockchain technology, it will also become possible to track the cost of production of each unit of energy. For the first time, consumers will know the true price of electricity and will thus be able to make better choices. Many will surely choose to switch to green energy once they see that power plants tend to load their costs onto users. 

Electricity bills do not have to be a source of constant anxiety. In the next few years, we will see the development of completely new ways of buying energy that is more transparent and affordable. Companies like LCG – with a large customer base, industrial know-how, and expertise in the field – will be at the forefront of this transformation.

Learn more about the LCG Company and their upcoming blockchain project on https://lcg-group.de/

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Blockchain Africa Conference 2020 Announces Binance as a Premier Sponsor

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Binance Sponsor

Bitcoin Events is pleased to announce Binance as Premier Sponsor of the Blockchain Africa Conference 2020

Binance, the world’s largest crypto exchange by daily trading volume, is expanding its operations in Africa and is a proud sponsor of the Blockchain Africa Conference 2020. Binance was founded by CEO Changpeng Zhao (CZ) in 2017 and is now the top global trading platform for over 100 cryptocurrencies.

At the Blockchain Africa Conference 2020, Binance will detail its expansion efforts into South Africa as well as its projects and initiatives with the Binance Charity Foundation.

“Binance is proud to be open for business in South Africa, which is one of the most exciting markets for crypto,” CZ said.

BinanceThe company’s first expansion on the African continent was in Uganda in 2018 when it opened the first fiat-crypto exchange with trading pairs with the Ugandan Shilling. Binance also partnered with a global payment technology company allowing Nigerians to purchase BTC, BUSD, BNB with Naira (NGN) with debit and credit cards.

“Binance is dedicated to increasing the freedom of money and the advancement of blockchain technology. The African continent is a major part of this mission – where millions are unbanked but remain innovative in their use of technology. The Blockchain Africa conference is leading conversations around cryptocurrency and blockchain technology in Africa and Binance is keen to communicate with key industry stakeholders and thought leaders in Africa to jointly promote technology evolution in this new era across the continent,” he added.

See You at the Blockchain Africa Conference 2020 in Johannesburg!

<< REGISTER NOW for the Blockchain Africa Conference 2020 >>

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Terrabit Enables Web Staking for CREDIT Token Holders

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TerraBit

JOHANNESBURG, South Africa, Feb. 15, 2020 — Leading South African blockchain company Terrabit has announced the launch of web staking for its digital currency credit (CREDIT) to enable anyone with an internet connection to earn staking rewards.

TerraBit

Terrabit is a South African cryptocurrency exchange that offers fiat-to-crypto services in five African countries. The trading platform features all major coins and pays 100% of fees to users through referral. At Terrabit’s core, it offers users a decentralised digital payment solution and a hybrid PoW/PoS blockchain, CREDIT.

Terrabit provides CREDIT holders with a range of exchange options, zero transaction fees, and fast payments. Additionally, the company provides a staking platform and wallet, MiniPOS, which offers the most straightforward and rewarding CREDIT “mining” solution available on any digital device.

Now, CREDIT holders can also stake their tokens online to earn up to 100% staking reward per annum via Terrabit simple-and-easy-to-use web staking platform. This enables anyone with an internet connection to earn staking rewards when holding CREDIT.

CREDIT web staking features include:

  • Web-based CREDIT staking up to 100% per year
  • Profit is paid hourly
  • No lock-in period
  • 5 level referral
  • Easy-to-use

Daniele Marco Ronchese, founder of TerraBit and creator of CREDIT, said: “We are delighted to introduce web staking as a service to CREDIT holders as a new and convenient way to earn staking rewards.”

“Cryptocurrency staking has traditionally involved a complicated technical setup that has acted as a barrier to entry for the average investor. With our new web staking offering, we can empower all digital currency investors – big and small – to start earning staking rewards simply by holding their tokens on our secure online platform.”

To learn more about Terrabit, CREDIT and web staking, visit www.terra-bit.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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30% Club – A Trading Club for Nigerian Millennials

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30% Club

30% Club – a crypto trading club created for millennials – has launched its platform after six months in stealth mode. The investment club aims to be the go-to for educational and advisory resources for digital assets. By breaking the barrier to crypto investing we serve as a bridge for Nigerians looking to profit from crypto. 

The club is non-custodial which means members handle & manage their capital personally. 30%Club does not invest nor trade on behalf of the public. We simply provide educational and advisory services to our members. Users who sign-up have access to a dashboard with educational resources, market insights, instructional videos & trade signals. 

30% ClubCrypto is a next-generation asset class, the club helps you navigate profitably in this wild, volatile but lucrative market. We simplify crypto trading, breaking down the skill barriers while bridging the knowledge gap. The club provides a seamless educational experience & on-boarding into crypto trading. Our trade signals target 30% accumulated returns within 6-12 months.

Davidson Atere-Roberts, founder of the club, adds we are extremely bullish about the long term prospects of Bitcoin as an asset class. As the digital asset industry matures there are still regulatory & adoption challenges also quite a lot of scams tbh. The problem the club is trying to solve is clear, Crypto is complex so most folks who want to dabble are confused and scared not forgetting the trauma from the last crypto bubble burst. Our value proposition is precise: simplifying crypto investing while employing disciplined trading strategies.

Join us at the trading club that helps African millennials profit from crypto! 

You can access the 30%Club on www.30percent.club and interact on Twitter @30clubng.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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