WePower: Green Energy on the Blockchain
https://medium.com/@idhasitha/wepower-green-energy-on-the-blockchain-2f7ceead182bExecutive SummaryWePower is a green energy trading platform backed by blockchain. Nicola Martiniyuk is the co — founder and CEO of WePower. For the last ten years he has been working in the energy industry, building energy and solar plants and selling green energy to the final consumers. Knowing the energy business from inside out he predicts that the green energy revolution is needed more than ever. The world still runs on dirty energy. Changing this from top down is difficult and can take decades to bear fruits. The current investments structure has too many bottlenecks that has slowed down investments into renewable energy significantly.
WePower will change renewable energy market from bottom up by connecting green energy producers directly with households and investors. Their platform enables renewable energy producers to raise capital by issuing their energy own tokens. These tokens represent energy that is committed to be produced in the future. As a result energy producers can trade directly with green energy buyers and raise capital by selling energy upfront. WePower is directly integrated with the energy grid and wholesale energy markets. It enables transparent energy accounting and a new generation of digital utility services. They are currently piloting a nationwide energy data tokenization in Estonia. WePower token sale contributors will receive a native digital WPR token which will give priority pass to green energy auctions and will constantly accrue energy donated by producers connected to the WePower platform. WPR token holders can use this energy for their own usage or sell it on the WePower platform at any time. WePower has already secured necessary partnerships from the current industry players to start energy trading immediately. WePower has a pipeline of renewable energy projects waiting for energy investments. This enables them to them to be operational within 9 months in Spain and further expand to Germany, Italy, Greece and Portugal. Crowdsale funding will be used for global expansion.
IntroductionWePower will enable renewable energy producers to raise their capital by producing their own tokens. Each token will represent the amount of energy the producer promises to deliver. It is in fact similar to KWH Coin platform because 1 kWh of energy is equal to 1 token in the WePower platform too. The tokenization of energy will increase the reach of investment since this is happening on a global scale. Tokenized energy is the bridge between the energy producer and the energy buyer. The holders of WPR tokens will have instant access to the specific auctions of the token issuing companies once the power plant is connected to the network.
WePower has entered the market at the most suitable time ever with the increased demand for green energy and with the rising effects of global warming along with the high competition of the energy market. The high competition ensures that a huge amount of green energy producers will be taking part in WePower trading platform.
Unlike any other energy companies, WePower did not just issue a token… It invented its own platform which is already developed. You can give a try on their demo version in their official website. A fully open, decentralized platform and tokenized energy means that will open the energy market to a huge quantity of investors.
With WePower it will revolutionize how green energy producers will find capital for their projects. With the old model producers have to wait a long period of time until they find investors or money lenders but with the revolutionary new WePower energy trading platform producers just have to issue token auction of their own and a multitude of investors will be waiting in the queue to purchase your token. So it means your waiting period until the project becomes a success is greatly reduced.
How the Green Energy Donation pool works?
First off the owner or the project developer of the renewable energy project will announce plans to plant a token sale in the WePower trading platform and then will issue the energy tokens. Exactly 0.9% of these energy tokens are instantly put in to the investor’s pools. Only those with WPR tokens have access to these pools. Once the plant is completed construction and it starts producing energy all the holders of the WPR token can use this energy for their own purpose or cash out or reconsider investing into the pool.
WPR TokensThe official ICO (Initial Coin Offering) is commencing on 1st of February, 2018. Exactly 155696 folks are counting fingers and waiting for the WePower token sale. The current token exchange rate is that 1 ETH is equal to 400 WPR. The company do have a minimum contribution of 200 USD. You can transfer ETH to their address. WePower token is a revolutionary token in many ways. It is shaped to grow together with the WePower business. Why? It stores tangible value and ensures liquidity. Every renewable energy producer using WePower. Every renewable energy producer using WePower donates part of the produced energy to the WPR token holders. All WPR tokens constantly accrue this energy. Tokens accumulate real value in the energy form. With the secured partnerships, WePower will start its activities and our tokens will collect energy immediately. You can use this energy for your personal needs or sell it to someone else. This way even contributors from places where WePower doesn’t operate can participate in the platform. Together with constant collection of donated energy, WPR tokens also provide priority right to invest in new renewable energy projects and in exchange receive energy at most favorable price. This will further increase the demand of the tokens from the large energy buyers. WePower token is the new player in the global energy market which is valued 242 billion USD right now.
Website
https://wepower.network/Whitepapper
https://drive.google.com/file/d/0B9QClujD9ilRSGVxMXcwdUstN0E/viewTwitter
https://twitter.com/WePowerN
