Vectorium: Energy Centered Ecosystem

Today a very clear and alarming concern is taking shape amid our society, which is tremendous increase in generation of waste. In fact, World Bank in 2018 came with a report which said that the waste that is generated at global level is expected to grow by whopping 70% by 2050, and that makes it very obvious that very urgent actions are required to be taken so as to prevent Waste Management to become an environmental catastrophe. Taking into considerations all these factors, Vectorium started a project envisioning environment friendly future that is socially very healthy and economically inviting too.

Vectorium has come up with a very unique concept of Vectorium Islands where production of renewable energy and cryptocurrency is going to happen at same time. These islands are going to produce power energy from the combination of wind, solar & waste using advanced technologies of Artificial Intelligence and Blockchain.

Vision of Vectorium

With a vision of building a world where there is no waste, air is pure, and the surpluses are healthy, Vectorium has come up with this project that is amalgamation of software, hardware, and intelligence. This innovative project is targeting on bringing a value proposition and intends to tackle issues that are associated with increasing waste generation.

Vectorium’s Ecosystem

There are major constituents of this whole ecosystem, which are as follows:

1. Micro-Grid: Micro-Grid is basically a creation of two or more Consortiums that are together forming an informal group of ‘prosumers’. We can also say that Micro-Grid is combination of consumers and producers who are willing to work together with each other.

2. Vectorium Islands: Vectorium Island is a location where renewable energy is produced along with cryptocurrencies. These islands based on enhanced technology are used for transforming first waste into energy and then that energy to cryptocurrencies through patented processes that does not involve combustion at all. Talking about the numbers, Vectorium team aims at building and delivering more than three hundred islands by the end of year 2024.

These Vectorium Islands are based on two types of models. One is ‘button up’, which involves people getting involved in eco friendly activities and this model is expected to bring 8-12% ROI annually. The next model is ‘top-down’ island and it includes combination of solar, wind & biomass energy production using Artificial Intelligence and Blockchain platforms. This model is expected to provide 12-18% ROI per year.

3. Utilities: Utilities are considered as the top rated energy suppliers who have highest interests in sustainability.

Vectorium Coins

Vectorium has come up with two different cryptocurrencies. The first one is Vectorium Flash (VCT) and is the core asset of this Crypto Energy project. This currency is based on latest Zcash 2.0 codebase. It is an equihash and is mineable for everyone.

The second cryptocurrency is Vectorium Plus Plus (VCTP) and is powered by Proof-of-Stake system. This currency has fixed 20% of interest rate per year and in 4 years, Vectorium Plus is planned to become a corporate equity.

Vectorium has decided to issue total of 500,000,000. 40% of the coins will be freely available for issuance. Another 40% will be reserved for future growth & initiatives. 15% of coins are reserved for team & founders. And the remaining 5% will be reserved for capital rising fees, initial marketing and advisors.

Vectorium Team

Vectorium team comprises of industry related specialists. Since the project is very specialized in renewable energy, most of the team members possess expertise in this field precisely.

• Founder & CEO: The founder of this initiative is Enea Benedetto. After his successful career in professional training & coaching field, he decided to allocate his energies and learning to crypto sphere along with the team of blockchain professionals.
• CTO: Another important man behind development of this project is the CTO & Head of project Development – Michele Sburlino. Before becoming part of Vectorium, he worked as Business Analyst at OverIT and Software Integrator at Teorema.