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BitGreen isn't accepting new investments

BitGreen’s deadline was December 7, 2021

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BitGreen

Blockchain for Sustainability and Climate Finance
Crypto Green Power Token Fintech Token Debt Purchase Agreement (DPA)
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$4,972,905
19891% of minimum goal raised
1,886
Investors
Successfully funded and closed on December 7, 2021.
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Closed on December 7, 2021. Information may not be up-to-date. Campaign closed on December 7, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Bitgreen Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
BitGreen Token DPA (Early Stage) Bitgreen Form C.pdf
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Hear from some of the 1,886 investors in BitGreen


Show more

Highlights


  • A DeFi-native protocol enabling climate and sustainability finance
  • Built to be the home of all ESG activity on blockchain
  • Provides Blockchain-as-a-Service partnerships to mission-aligned companies
  • Built on Polkadot Network -- targeting Parachain status 2022/23
  • Experienced startup team in crypto, DeFi, sustainability
  • Bootstrapped 7 months, initial product near completion

Problem


The $50 Trillion Question

How can we prevent irreversible damage related to climate change? The UN Sustainable Development Plan calls for $50 Trillion in new funding by 2030 -- an astounding amount.

This sector, known as Impact Investing, crossed $715 Billion in 2020. It includes spending on Infrastructure (Energy, Retrofits), Development (Microfinance, Social Investing), Adaptation (Drought, Rising Seas), and more.

But this $715B is far less than the $4 Trillion annual need. How will we fill the gap? 

Solution


Why is this problem
solvable now?

Climate action has been hard to fund, as it's mainly been stuck in government spending and large asset managers. Crypto can change that.

Cryptocurrency already boasts a $2.5 Trillion market cap and $100 Billion TVL in Decentralized Finance (DeFi) as of Oct 25, 2021. Inexpensive, efficient, immutable, auditable, transparent global transacting are accelerants to multiplying impact investing.

At the same time, green products now lead multiple consumer categories, ESG (Environmental and Social Governance) spending is at an all-time high, and the US and EU are negotiating trillion-dollar infrastructure packages.

Product


Presenting BitGreen: A Blockchain Protocol Uniquely Built For Impact

Many environmental and social initiatives work differently, but share the same goals. Their supply chains, customer bases, value propositions, and regulatory frameworks overlap. We aim to coalesce all of these to create efficiencies and develop vast network effects.

BitGreen on Polkadot

BitGreen is built using the Substrate SDK, a product developed by Parity ... the team behind Polkadot. Substrate enables developers to create application-specific blockchains tailored for specific purposes, for instance ESG and DeFi. Our development began months ago, and we are preparing for a 2022 launch.

Building Our Network Through Mobile

Traction


We started BitGreen in Spring 2021 through bootstrapping and sweat equity. To date, we've developed a prototype Substrate blockchain and mobile app, both of which are in internal test-net. We've also signed MOUs with 5 external clients and continue to add to our business development pipeline.

Customers


BitGreen Targets Two Fast-Growing Customer Groups 

Crypto 💸 + Eco-Friendly 🌿

We categorize our first adopter user groups into Crypto Converts and Green Advocates. 

The former includes coin holders who already own crypto and do not require onboarding. Research suggests this is 100 million people globally and approximately 15% of the US adult population.

The latter are consumers who read labels at supermarkets, own Teslas and gladly pay premiums for organic. This demographic ranges from 60% of Gen Z to 40% of Baby Boomers.

Business model


B2B and B2B2C

BitGreen generates value for the protocol network through transaction fees and scale of usage by third-party and external applications. BitGreen has no plans to sell any specific products by itself, but rather develops, maintains, and earns consideration for providing the basic framework and operating system for decentralized apps on its blockchain. We believe as network usage scales, so too will the network's intrinsic value grow. 

Market


Impact Investing crossed $715B in 2020. While this total is still small relative to the $50 Trillion needed, the sector has been growing at a 20% CAGR. Most investments originate with Asset Managers and PE. Our target audience (inner circle below) has been largely frozen out from participating. 

Source:  Global Impact Investing Network (GIIN) surveys 2020 and 2019

Our second target market, Crypto and DeFi, has been on fire since March 2020. Its growth is being aided by new institutional investment and the SEC approving the first Bitcoin ETF in Oct-21.

Crypto market cap, 2014 - Oct 2021

DeFi Total Value Locked (TVL) has rocketed from nearly $0 in early 2020 to over $100B in 18 months. This is our target first adopter user base. 


Competition


BitGreen has a few competitors who also leverage blockchain technology to develop ESG solutions. However we view them less as adversaries than collaborators to grow this burgeoning market. 

Other companies in our sphere include Goldfinch (microfinance), Nori and MoSS Earth (carbon credits).

Vision and strategy


Global Change

Our higher objective is positive global change, and seizing the present market opportunity to catalyze this movement. 

We believe crypto can be the spark. That's why our business aims to introduce durable and innovative incentive structures to shape human behavior at a collective level. 75% of Americans want to protect the environment in their daily lives, yet only 20% do so. That gap, between intention and incentive, is our opportunity.

Founders


BitGreen's team has years experience founding and investing in early stage companies and share a common venture that achieved an exit.

Adam Carver, CEO 

Cofounder Battlestar/KeyFi (sold to Celsius Network), Cofounder Managing Director TheFund.vc, Director at AngelList, Corporate Credit at Morgan Stanley. M.S. Sustainable Systems, University of Michigan

Dennis Reichelt, CTO

Cofounder KeyFi (sold to Celsius Network), Cofounder 0xb1 ($900B wallet on Ethereum for DeFi), Lead Developer at Visualisierungslösungen GmbH. B.S Information Technology, University of Goethe, Germany

Gilad Goren, Director of Partnerships

Cofounder Raleigh & Drake, Cofounder Only Six Degrees. Executive MSc Social Business & Entrepreneurship, London School of Economics

Deal terms


Security type
Token DPA (Early Stage with Escrow)
Token DPA is a debt instrument, repayable by cash or assets.
Learn more
Token Name
BitGreen

The name of the token. 

Price per token
0.167

The company's estimated price per token at issuance. This is not guaranteed. 

Maturity
3 years

The amount of time Bitgreen has to pay out your investment in tokens. If the DPA isn't repaid with tokens after that time, it will be payable in cash with interest. 


Learn More

Milestone 1 Refund
60% after 6 months

If Bitgreen fails to meet this milestone, you can request this amount of a refund of your investment amount.
Learn more

Milestone 2 Refund
30% after 12 months

If Bitgreen fails to meet this milestone, you can request this amount of a refund of your investment amount.
Learn more

Interest Rate
10%

The interest amount that will accumulate on your investment if it’s paid back to you in cash or tokens.
Learn more

Token Repayment Bonus
10%

The interest amount that will accumulate on your investment if it’s paid back to you in cash or tokens.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Bitgreen Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
BitGreen Token DPA (Early Stage) Bitgreen Form C.pdf

About BitGreen

Legal Name
Bitgreen Inc.
Founded
Sep 2021
Form
Delaware Corporation
Employees
4
Website
bitgreen.org
Social Media
Headquarters
Google Map location of of BitGreen
7750 Okeechobee Blvd Ste 4-343 , West Palm Beach, FL
Headquarters
7750 Okeechobee Blvd , Ste 4-343, West Palm Beach, FL, United States 33411

BitGreen Team
Everyone helping build BitGreen, not limited to employees

Profile picture of Dennis Reichelt
Dennis Reichelt
Cofounder, CTO
Profile picture of Adam Carver
Adam Carver
Cofounder, CEO
Profile picture of Gilad Goren
Gilad Goren
Cofounder, Partnerships
Profile picture of Samuele Lande
Samuele Lande
Fullstack Developer
Profile picture of Trent Rebeiro
Trent Rebeiro
Developer, Designer
Profile picture of Allan Perez
Allan Perez
Fullstack Developer
Profile picture of Didier Rentería
Didier Rentería
Frontend Developer
Profile picture of Ayush Mishra
Ayush Mishra
Fullstack Developer
Profile picture of Konstantin Jokubas
Konstantin Jokubas
Mobile Developer
6 more team members
Dennis Reichelt
Cofounder, CTO
Adam Carver
Cofounder, CEO
Gilad Goren
Cofounder, Partnerships
Samuele Lande
Fullstack Developer
Trent Rebeiro
Developer, Designer
Allan Perez
Fullstack Developer
Didier Rentería
Frontend Developer
Ayush Mishra
Fullstack Developer
Konstantin Jokubas
Mobile Developer

Press

How sustainable altcoins aim to challenge Bitcoin’s domin...

How sustainable altcoins aim to challenge Bitcoin’s dominance

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BitGreen

BitGreen successfully raised $4,972,906 from 1886 investors on December 7, 2021
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Dan, Chad, Gilberto, David, Shabbir, and 1881 others invested. 462 Reviews

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