FRED Asset Control Token
In Q1-Q3 2022 the company plans to 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, repurposing and recycling of the battery pack creating a more circular battery economy
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 Eco-bank by FRED Energy is forecast to have a battery lifecycle of between 7 and 20 years depending on usage.
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).
You can view the transaction here
The Sol-Bank is aimed towards the African/Asian markets where access to energy is limited or non-existent and supplied as a bundle consisiting of a Sol-bank, LED lamps and a solar panel.
Sol-bank will provide those living in rural communities with unreliable access to energy a simple means of light and mobile phone charging facilities powered by solar energy.
In addition, we plan to bring awareness to the Stellar blockchain and cross-border payment systems to the unbanked. Consumers of Sol-bank will receive daily SOLS tokens which can be exchanged for other assets on the Stellar Decentralised Exchange (SDEX). The incentive of SOLS token rewards is that it can dramatically lower Sol-bank cost of ownership.