Avatu is an emerging provider of energy-related services. Avatu mitigates the issues of a fragile and failing power utility network, inflexibility of renewable power, and high-power consumption costs to consumers through a democratized energy system powered by a token economy.
The Avatu ecosystem is designed to scale with global demand as its network can function anywhere electricity is generated and consumed. Avatu is designed to enhance demand-based power generation at a moment’s notice, rewarding Magic Box owners, via the company’s token economy.
What is the Magic Box?
Think of Avatu as a network of batteries powered by a blockchain-based infrastructure and token economy.
As more residential consumers acquire and install Magic Boxes in their homes, the combined energy storage capacity increases in a meaningful way. This network, the Avatu Power Bank, becomes a player in the grid ecosystem, along with independent system operators, utility companies, energy traders and energy producers. The aggregate stored power within the Avatu Power Bank becomes useful when existing networks are strained, for example, due to overuse during a heat wave or when power generation is reduced due to inclement weather.
To facilitate rapid deployment, and the most efficient path to network activation, AvaChain will initially be designed as a private-permissioned network of nodes deployed and operated by the Avatu platform. Over time, we will expand this to a consortium model of decentralized and distributed participants, before opening it up to a public network entirely. The requirement to incentivize node operators for their participation will be supported in our token economic model, However, in its initial centralized deployment model, Avatu will be responsible for network maintenance and the costs for upkeep.
AvaChain will be based on Quorum, which represents the benchmark in open-source, Byzantine Fault Tolerant, permissioned blockchain networks.
As an extension of our blockchain technology, Avatu will pursue the development of Magic Box Controllers that can integrate with existing battery technologies, allowing them to leverage Avatu’s infrastructure. This enables other battery energy storage manufacturers, or currently deployed battery systems, to utilize Avatu’s platform for a fully automated and managed ecosystem. Such battery systems partners can leverage the scale of Avatu’s network and customer base, while also participating in our token ecosystem.
Magic Boxes may optionally include support for LoRaWan wide-area network for compatibility with networks of the same topology, namely Helium network. This offers Magic Boxes the ability to operate in site deployments that may not have nearby WiFi but are within reach of an access point deployed on the Helium network.
Helium Network requires payment for use, however costs are currently minimal, with about .00001 per 24 bytes of data. Helium Network payments are typically made in their native token HNT, however Avatu will create an AVA-HNT bridge which will allow Magic Box users to pay network usage fees on Helium using AVA token.
Avatu is a low bandwidth, low-data requirement device that only transmits certain information such as current battery state, on and off commands, and other information such as discharge rate, battery health, blockchain ID, etc.
Magic Box Owners
Avatu’s mission is multifaceted. Magic Box owners will derive a consistent revenue stream from their deployment, while at the same time, contributing to the needs of a municipal or regional power grid. Beyond this, the Magic Box will also serve as a robust resiliency solution, providing uninterrupted power to important household devices, such as critical network electronic devices, in the event of a power failure.
In terms of economics, Magic Boxes are more approachable for the end consumer vis a vis other clean power resources, such as solar, or the purchase of an electric vehicle. They are less expensive, are deployed simply by plugging them into standard household outlets, and require connectivity to the internet.
In the future, Avatu may enable energy trading directly between Magic Boxes and controllers, leveraging our existing blockchain infrastructure and token economy to facilitate instant negotiation and payment settlement.
The Avatu token (AVA token) is the native token of the Avatu platform. It powers the economics and incentive programs within the platform and is built on the ERC20 standard, enabling compatibility with the latest in DeFi exchanges and protocols. It is also compatible with all ERC20 capable wallets, greatly simplifying its ownership and fungibility.
Initially held by the Avatu treasury, AVA tokens are rewarded to owners of Magic Boxes, who have engaged in mining activities via a deployed Magic Box. Additional rewards are earned when the stored energy in the Magic Box is discharged into the grid.
Participants in the grid ecosystem include independent system operators, utility companies, energy traders and energy producers, These participants will compete to purchase the right to utilize the stored energy from the Avatu Power Bank, made up of household-installed Magic Boxes, based on their energy demand requirements, typically during peak load times where purchases from energy providers are the most expensive. These purchases can occur on an ad hoc basis or through a bulk usage agreement with Avatu. Even if consumption of energy does not occur, Magic Boxes are monetized for simply being available.
Avatu deposits these payments into its treasury and distributes the requisite amount of AVA tokens, per the established algorithm, to the Magic Box owners, completing the cycle.
Participants in the grid ecosystem include independent system operators, utility companies, energy traders and energy producers, These participants will compete to purchase the right to utilize the stored energy from the Avatu Power Bank, made up of household-installed Magic Boxes, based on their energy demand requirements, typically during peak load times where purchases from energy providers are the most expensive. These purchases can occur on an ad hoc basis or through a bulk usage agreement with Avatu. Even if consumption of energy does not occur, Magic Boxes are monetized for simply being available.
Avatu deposits these payments into its treasury and distributes the requisite amount of AVA tokens, per the established algorithm, to the Magic Box owners, completing the cycle.
Token Staking
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