A blockchain company generating profit prior to its ICO? Meet LCG Energy

Hi Platinum Crypto Academy,

LCG Energy is a utility provider with over 10 years of market experience. The company plans to become the first electricity supplier to adopt blockchain technology and offer renewable energy projects worth €80 million offering 20% ROI to investors.

With new strategic partnerships and its upcoming blockchain initiative, LCG Energy is forecasting its revenue to reach €200 million in 2020.

Research has stated multiple use cases for blockchain in the energy sector, suggesting that the innovative technology might be the key towards the resolution of some of our most pressing environmental problems. Recently, the blockchain market was faced with a precedent — an experienced energy company announced its plans to become a pioneer in the sector by creating a unique blockchain-enabled energy ecosystem.

A decade of experience meets blockchain technology: a perfect match

What is special about LCG Energy is the fact that unlike most startups on the blockchain market that are newly founded, the company has already been generating profit for ten years prior to the launch of its Initial Coin Offering. Funded exclusively with private funds, LCG Energy has acquired no debt since its foundation and has been steadily increasing its revenue each year after its foundation. After reaching its record revenue of over 40M in 2019, LCG is one of the very few companies on the blockchain market that has a working business model with a guaranteed return of investment. This translates in much lower risk for the investor and a higher expected ROI due to the high market expertise of the company, its available resources and yearly investment volume.

The LCG Energy ecosystem

As an integral part of the project, the LCG token will facilitate all payments inside the LCG Energy ecosystem. The token will hold utility value as a payment instrument on the LCG Energy platform, while it provides a secure and reliable investment tool at the same time. Being backed by green investments, the LCG token will be basically supported by a stable financial instrument with an expected ROI of 20%. 80% of all proceedings raised in the three phases of the Initial Coin Offering will be dedicated to the acquisition of renewable energy projects, each of which will be evaluated by a dedicated team of experts and enlisted in land registers, ensuring their legal conformity. The activities related to these investments will be made accessible to all token holders on the LCG Energy platform, thus the complete transparency of the activities of the company.

The LCG token will further act as a pillar for investments related to the traditional business model of LCG Energy. The company is currently in the process of setting up a € 350 mn fund for renewable energy projects with an initial investment flow of 20M Euros in early 2020. With new partnerships later this year and the conclusion of the LCG Energy token sale in April, the company believes that the fund will quickly grow to reach over 80M Euros in early 2021.

What comes next?

Although most utility companies are seeing research and development in green energy and tightening regulations such as higher carbon taxes as a hit on their cost structures, LCG Energy has decided to embrace the change rather than to fight it. By taking the big step towards the consensus between energy efficiency and financial stability, the company is able to transform this in a competitive advantage and become a visionary. To learn more about LCG Energy, their blockchain initiative and track record, visit LCG Energy

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