Lightency

Lightency : enabling green energy access

Inspiration

Green energy access is one of the hottest topics nowadays, Africain countries who lack access to electricity are easing the process of private energy companies implementations. Developed countries energy demand is increasing and the supply should be green. We decided to build an energy fund to finance energy projects while providing a software to increase Greene energy monetisation for energy distributors and end consumers to ease democratise energy production and ease scaling production.

What it does

it is a fund governed by a DAO to decide to fund or not energy projects.

How we built it : We are creating a bonding curve as the token manager, it has a buy and sell function, when a wallet buy from the bonding curve it should deposit crypto assets that will be swapped to stable coins and mint a fresh new token for the buyers. when the wallet sells, the bonding curve burn these tokens and provide the equivalent amount on stable coin. The bonding curve determine the price, every minted token increases the prices and very burned token decrease the latter. The energy fund is a contract that interact with the bonding curve to buy or sell token. The energy investors buy their tokens from the fund contract to be able to govern and decide what project to invest in.

Challenges we ran into : the secondary market can crate a gap between the token price on the bonding curve. Arbitrage opportunities are created.

Accomplishments that we're proud of: we won a grant from near to develop the DAO. We raised funds from a private investor, we built strong partnerships with govermental institution in Tunisia, France and Nigeria, example : BPI(Public Bank of investment) FRANCE, REA ( Rural Energy Agency) Nigeria, ANME (National Agency for energy management), Ministry of Energy in Tunisia. We built a first full solar microgrid and we are building a second one in collaboration with ENIT ( Engineering university ) and MEdrec ( European energy sponsor) 150k€ project. Today we have a pipeline of energy projects to be financed in Tunisia, France and Nigeria.

What we learned

We learned that being Lyn makes things easier .

What's next for Lightency Launch the fund, finalise the DAO and lunch the token. Finance a first project through the energy fund to start promoting Lightency token and its services.