TORUS PROJECT

April 02, 2018

The Torus project provides a range of support and opportunities to people who can not get enough energy and develop energy technologies.

if a Toruscoin purchase is made, 10% of ETH will be paid to the identifier in return. When introducing, we would appreciate if you would like to request a buyer to guide your introductory address and introductory data.

As for the method of entering the contract address for the introduction by the buyer and the data for the introduction, you can check with the introductory material, so I think you can check once before the person introducing the introduction.

Toruscoin's initial distribution was done in pre-sale format. Anyone can buy Toruscoin with ETH. Holders of other types of crypto currencies such as ETC or BTC must obtain ETH through existing services such as crypto exchange. Pre-sale will start from March 16th, It lasts more than 16 days until March 31, 2018, Pre-sale will expire after finished distributing 70 billion TORUS.

Toruscoin per ETH acceptable by pre-sales will receive 350,000 TORUS. TORUS that is not distributed will be locked once and a new period will be set and ICO will be done at a later date. The main role of the new ICO is to develop chain blocks and security systems for further exploitation and expansion in the energy field. The minimum purchase amount is 0.01 ETH.

In this network called TorusNet, blockchain technology is adopted as a storage medium for information in academic papers related to energy. In addition here, it is said that certain anonymity is guaranteed and impossible to conduct unauthorized interference, so it can be said that it is a mechanism to refuse to polish due to pressure or the like.

Blockchain is one form of distributed ledger design that does not have a central administrator and ensures transaction reliability by incorporating advanced encryption and distributed networking technologies.

Reliability, which was once guaranteed by the presence of a central administrator, becomes possible to be formed by the observation of individual nodes.

This will allow all participants in direct network transactions without any third party interference.

Blockchain in the Energy Sector

Blockchain applications in energy-related fields are not yet available on the market today. They are in the stage of conceptualization or prototyping. However, despite being on different fronts, blockchain technology in the financial sector as typed by FinTech is in the practical stage, and international investment for it, including the US and China, has expanded to skyrocket.

The accumulated experience and knowledge gained there and further research, development, and application will transform the application of blockchain technology into the energy field and formulation of distributed energy supply systems into reality.

This enables the entire system in the energy sector to reduce transaction costs to improve the efficiency of the transaction process. Not only customers who buy energy but also everyone involved will be able to enjoy the benefits. This is to increase usage and increase energy value.

Blockchain in TorusProject

Taking into account the possibilities and value of blockchain in the energy sector, we will actively invest in research and development of distributed energy transaction systems, their supply systems to provide stable and smooth services, and related fields.

In this distributed energy trading and supply system, people who consume energy can also become energy producers. For example, prosumers not only consume energy but also generate energy with solar power plants, small wind turbines, hydroelectric plants, or CHP plants. At present, blockchain technology in the energy sector makes it possible to sell energy generated by prosumers directly to those in need of energy without traditional intermediaries.

We plan to take advantage of the EV (electric vehicle) as a power grid that can be driven in TorusProject. EV popularization requires a charging station that can be used anytime anywhere and a convenient payment system.

For example, such systems that AI (artificial intelligence) automatically recognize and fill EVs that require energy with automatic charge charge collection functions can be provided by blockchain technology.

All transactions between consumers and producers via pir-to-pir networks are based on smart contracts. This distributed blockchain system will prevent transaction disruptions other than balancing energy supply and demand.

In addition, by combining this blockchain technology with smart devices, we will create more flexible and high value added energy platforms to increase user convenience and usability levels.

Application

Application to buy and sell electricity by utilizing your mobile phone. We will manage the number of power plants / consumption and sales / purchases on a single screen. We will increase our distribution volume by using Toruscoin for sale.

You can also predict the number of power plants from the weather forecast for one week, and you can also predict sales power up front. Automatically matches power sellers and buyers using block chain technology.

About the distribution of coins