FRED Energy launches ERC-20 token to increase liquidity
FRED Energy (FRED) has launched an ERC-20 token (FREDx) alongside its Stellar based token in an effort to increase awareness and liquidity of its green energy related projects. This will make FRED energy a dual blockchain project, a rising trend in projects struggling to gain investment, liquidity and exposure.
FRED Energy was launched in 2018 on its own blockchain and switched to the more ECO friendly blockchain Stellar in 2019. In February 2020 it launched the shop.fredenergy.org marketplace where consumers can buy green energy related products using cryptocurrencies.
In Q4 2021 the company will begin selling its own developed products. The first product is an innovative powerbank aimed at the camping/off-grid markets that uses emerging battery technology enabling reuse and recycling of the battery pack. The project will track its battery packs by writing the state of the product to the blockchain (manufactured, retailed, returned, reused, recycled). It is estimated that just 5% of Lithium-ion batteries are recycled, the rest go to landfill, FRED Energy is looking to disrupt the powerbank market and influence the market leaders towards change.
Most powerbanks have a lifecycle of approximately 2 years, cheaper products just 1 year, the DSA-1 by FRED Energy is forecast to have a battery lifecycle of between 5 and 10 years. The trend towards electrification and the storage of energy will have wider economic repercussions with regards to a greater usage of low cost, low-cycle and poor efficiency Lithium-ion battery cells, leading to further environmental and economic issues.
FRED Energy wrote its prototype DSA-1 to the blockchain in December 2020, possibly a world first in product lifecycle management (PLM).
Further green energy focussed projects are scheduled for 2022 that will see FRED Energy become a market leader in green energy projects using cryptocurrency and blockchain.
PDF of the liquidity plan can be found here
The contract address for FREDx is 0xd8e2b153E94daeC5fE657A49FF59bb68fA67f126
NOTE: You need to paste the first half of your ETH address into the Memo Text (the full ETH address will NOT fit and cause an error). You then need to complete the Google form below and add both of your addresses in full (Stellar and ETH wallets)
Address to send 50 FRED for ETH wallet confirmation https://stellar.expert/explorer/public/account/GBCAHI7VC5WKSSJT26BV2QSB43EUYNNZ2YXOMUVHBKSXB5UBLZPJ4WKO
Users need to make sure they have followed the instructions above and have completed the Google form here
The snapshot of XLM/FRED wallet balances will be taken on the 6th February and closing date for the form and airdrop claim is 12th Feruary 2021
Contract address for FREDx is https://etherscan.io/token/0xd8e2b153E94daeC5fE657A49FF59bb68fA67f126
Tokens are currently available on Forkdelta https://forkdelta.app/#!/trade/0xd8e2b153e94daec5fe657a49ff59bb68fa67f126-ETH
Address for pre-purchase of FREDx at $0.001 until 05/03/21 is 0x6dD0559E9FB958568e466Bd68565616c3F54988a send ETH to this address and you will receive FREDx tokens based on the ETH value at the time of the transaction
PDF version of the above information is here