As we’ve explained in previous posts, ROX is built on the existing Ethereum blockchain as an application-specific token. ROX will allow the platform’s smart contracts to operate smoothly and will be used worldwide as the main currency of Robotina’s IoT platform.

Let’s take a quick look at how ROX will be used within the platform, and how it will benefit users, collaborators, and businesses involved.

MEMBERSHIP AND GROUP TRADING

Members will use ROX tokens to identify themselves within the community. In this way, they can participate in member-only benefits, such as group buying and selling of electricity, and Virtual Power Plant (VPP) funding.

ESCO CROWDFUNDING

ROX tokens will be used to crowdfund the Energy Service Company (ESCO), which will develop energy-efficiency projects — such as smart buildings and facilities — for business customers. Businesses cooperating with Robotina’s IoT platform will have a great opportunity to save energy and manage their costs more effectively.

COMMUNITY INCENTIVES & REWARDS

Robotina’s platform will allow connected users to earn ROX tokens directly from selling aggregated data and trading power. They will also get a share of the profits from all hardware sales. Robotina will buy back ROX on the secondary market if a client pays for products or services in fiat currencies.

SUBSCRIPTION

All platform subscriptions will be paid monthly and subscribers will get a 3% discount if they pay with ROX. The subscriptions will be locked into a smart contract for six months. As the community grows, fewer tokens will be available on the open market and the price of ROX will rise.

BUYING HARDWARE & SOFTWARE

Robotina’s platform will have an in-built app store, where ROX and other currencies will be used to buy hardware, software, and a range of innovative services.

CROWDFUNDING OF VIRTUAL POWER PLANTS

Even though some ROX holders don’t have their own energy-related assets (like solar panels), they will be able to form so-called “Virtual Power Plants” (VPPs). VPPs can react to suppliers’ urgent needs for electricity resources caused by increased consumption, thus generating earnings for VPP owners.

So there you have it! ROX plays a pivotal role in Robotina’s IoT platform, and those who use it get a lot more than just a convenient currency to pay with. Here’s how all the benefits generated on Robotina’s platform will be distributed:

If you’re interested in supporting this (techno)logical solution, join our ICO at robotinaico.com