how one claims energy tokens from the platform?
what are the holding requirements of the wpr token to get them? How does one show proof of tokens owned?
Hey Bigdue,
WePower has a 2 token system (WPR token and energy token pegged to 1 kwh). With WPR token holder will be able to receive 0.9% of energy tokens produced by renewable plants. 1 energy token equals to 1 kwh
WPR token will allow its holders:
1) Priority pass to participate in an auction for energy tokens of a newly connected energy plant. It provides an opportunity to buy green energy at the most favorable conditions. This will become an asset itself because large energy buyers will want to re-purchase these tokens for their own use. The supply of WPR tokens is limited.
2) Access to the green energy donation pool, which will be constantly filled with 0.9% energy donations required from all green energy project developers that want to join and fundraise on the WePower platform.
Both features of WPR token is structured to increase demand for the token and invite more energy buyers to participate in the crypto world in order to buy WePower tokens.
Producers sets the prices and then it's up for the buyer to buy it or not. The team expects producers to offer best prices at the beginning to get the traction and get closer to the market prices as the auction gets closer to being closed.
Therefore, you'll be offered good pricing when you intend to purchase any of those tokenized energy that you could either use (if WePower is an Energy Provider in your country) or sell them for a profit.
The 0.9% in kWH is a benefit by simply holding on to WPR tokens
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