Former Lumio CEO leaves Solar for something greener

LEHI, Utah, May 31, 2022 (GLOBE NEWSWIRE) — The Decentralized Board of Directors and community leaders supporting green blockchain today announced the appointment of Jonathan Gibbs as President of Set Power Free, an organization independent and decentralized focused on the further development of products and services to enrich the green ecosystem. In their first 120 days, Gibbs and Set Power Free will focus on the development and worldwide release of Green PowerPay™, a service allowing users to pay their electricity bill (up to $200) with GREEN – l Green Blockchain digital asset. Users who sign up for Green PowerPay can earn additional digital rewards every time they pay their electricity bill with Green.

Jonathan will partner with Nerd United DAO LLC (“NERD”), the decentralized global community of blockchain developers, to bring PowerPay to market and to continually evolve and perfect the core technology that powers the green blockchain project. “I am very pleased to dedicate Nerd’s resources to directly interfacing with Mr. Gibbs and his team,” said Tom Karren, CTO of NERD. “This is an exciting project, and I will personally oversee some of the redesign and core technology development that will help power the green blockchain.”

Travis Cook, President of NERD, said, “We look forward to working directly with Mr. Gibbs to help create PowerPay™, a unique blockchain product that will make using Green fast, easy and affordable. Jonathan is an inspired leader with a clear vision of how Green could change the world. The impact of his work and vision is already evident. We look forward to playing a part in the expansion and development of Green.

Mr. Gibbs is a seasoned executive, an experienced early adopter of cryptocurrency mining, and a recognized thought leader and innovator in the renewable energy industry. He is the co-founder, transaction architect and former CEO of Lumio, one of the most successful residential solar and software platforms in the United States. Lumio is known for having some of the fastest setup times in the industry at scale while creating a higher standard for the home experience.

“The reversal of electricity into a transferable digital asset (data) was pioneered by Bitcoin in 2008. However, today Bitcoin is entirely dependent on expensive hardware that requires large and likely unsustainable energy consumption. – making it virtually impossible for everyday enthusiasts to support the Bitcoin Blockchain Green is the next evolution Green is software that can run on many personal computing devices to perform the same digital transformation of power than Bitcoin,” said Mr. Gibbs. “The green community has developed a global platform for anyone around the world to support the mission of green blockchain easily and within everyone’s reach.”

Jonathan is a visionary who inspires innovative products, services and business models. At Lumio, his latest venture, Jonathan grew the company to a billion-dollar valuation in just 18 months, then sold it using a new deal structure that retained 95% of the equity for employees. by Lumino.

Jonathan chose to leave his legendary career in solar to join the Green blockchain project after carefully considering the inspired mission. He explains, “I believe green is on its way to fundamentally changing global energy markets. For the first time ever, electricity can be decoupled from the grid to enable a global exchange of value with an array of delivery options. This is a mission that will help millions of families around the world, including families who do not have daily access to reliable power,”

In a recent interview, Jonathan stated his personal belief that Green is the first global platform to disrupt and fundamentally change the global energy market in a meaningful way saying, “Similarly to Voice over Internet Protocol , or VOIP, has fundamentally changed the global telecommunications market, Green will disrupt energy markets by decoupling electricity from the grid.” He goes on to say, “The average family in the world was paying between $100 and $200 a month for long distance services. When we learned to convert sound waves into data, it opened up a myriad of faster and cheaper delivery options by harnessing cable, cellular. , and satellite technology. Today, long distance is free, but the average electricity bill around the world is $100-200 per month. The technology already exists for Set Power Free, as we did with sound. It will happen.”

Elon Musk, an ardent supporter of blockchain technology, notoriously started accepting Bitcoin for payment at Tesla, then in a hugely unpopular move, announced that the company would no longer accept Bitcoin due to the ecological impact of the mining network. Bitcoin. Since early 2021, Musk has made it clear that a better alternative needs to be developed. In an apparent nod to Musk, Gibbs said, “The Bitcoin alternative is already here and it’s been working for years. If Tesla commits to finding a so-called green alternative to Bitcoin mining , look no further than Green.”

On his first day, Gibbs announced an ambitious goal to launch Green PowerPay on July 4, 2022 in London. “We will rebrand the 4th of Julye as a global holiday – Energy Independence Day.

“Instead of commemorating past conflicts, let’s focus on preventing all future wars. War in the modern world is a conflict over energy resources. Renewable energy sources, such as solar energy, can reduce or eliminate dependence on fossil fuels Conflicts between nations are inseparably linked to the control of natural energy sources Green has the unique opportunity and responsibility to save the lives of millions by leading global change far fossil fuels Imagine this, save the planet and save lives.

ABOUT GREEN

The Green blockchain project was launched by a community of developers in July 2016. The Green Smart Node allows operators to earn GREEN, a digital award issued to reward node operators for contributing electricity, connectivity and computing resources to verify blockchain transactions on the green network. . PowerPay, a green blockchain exclusive, allows people who earn green to pay for their energy usage using GREEN.

Green is a Decentralized Autonomous Organization (DAO) with over 7,000 decentralized active nodes in over 30 countries. Governance for green is by community consensus.

GREEN Digital Rewards are not available for purchase from Green. These are digital rewards earned in exchange for work and action on the green network. The digital reward is designed to have utility on the green platform. The digital reward is not an investment product and may never have value outside of the green platform. Green node owners should not expect to recognize any value from the digital reward other than its usefulness with Green.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve substantial risks and uncertainties. Forward-looking statements address plans, strategies, prospects and expectations regarding the business, operations, markets, risks and other similar matters. There may be future events that we cannot predict or control with precision. Any forward-looking statement in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may arise from time to time and it is impossible for us to predict all of them. We do not plan to publicly update or revise any forward-looking statements, except as required by law.

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Photo 1: Jonathan Gibbs

President, Unleash the Power

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