What is the purpose of the project ?:

HydroCoin is a utility token with 3 functions:

tradable cryptocurrency

Certificate for regenerative fuels

digital payment-solution for renewable fuels and services on the HydroCoin infrastructure

HydroCoin HYC is an ERC20 token on the Ethereum Blockchain. HydroCoin will be tradable on this blockchain. HydroCoin will use the blockchain to effectively and conveniently harness any deposit-requiring benefits (such as battery deposit, rental deposit, etc.). With the development of novel storage solutions for hydrogen (LOHC - Liquid Organic Hydrogen Carrier), HydroCoin serves the exact billing. In conjunction with intelligent counter technology, the LOHC liquid is tracked via the blockchain. This will publicly and unalterably create available data on the quantity, load, place of loading, place of unloading on the blockchain and involved third parties (e.g., rental companies, fleet operators, shipowners, insurance companies, etc.).

Via the certificate function, existing H2-filling stations and operaters of EV-charging stations are first of all checked whether they are qualified with regard to the energy used. If so, they qualify for the HydroCoin Network. Participants are listed on a map and made accessible to all users with detailled information and navigation. HydroCoin acts like an instrument for customer loyality (i.e. airline miles, customer cards, etc.). If the gas station then also participates in the payment system, it automatically becomes a hub in the HydroCoin network. Customer loyality is further enhanced as the "currency" HydroCoin is only issued where it is accepted. Customers will also take minor detours and avoid other gas stations. This increase in acceptance as a means of payment inevitably increases demand, and with it the price of HydroCoin will raise.

The outstanding function of HydroCoin will be the payment function. To do this, HydroCoin will use its own network connected to the blockchain via smart contracts. In this network payments can be made in real time and without any charge. Furthermore, the smallest possible payments are fully automatic machine-to-machine (for example, car-to-pump).

The HydroCoin infrastructure is open to other suppliers to realize new solutions. Possible solutions: car-sharing, bike rental, trailer rental, refueling autonomous vehicles etc.

HydroCoin has completed the pre-sale. The necessary funds were collected to prepare the ICO. The next step is to create a map of qualified gas stations. The operators of these filling stations are to be acquired as partners for the HydroCoin network. We are currently expanding our partnerships. The next step is the development of a SmartApp for smartphones and integrated car systems.

Heiko Schumann, Co-Founder & Visionary Head

HydroCoin ICO

https://hydrocoin.org