The Blockchain Meets the Energy Industry (Analysis of POWR, MWAT, WPR, and SLR)
https://btcmanager.com/blockchain-meets-energy-industry-analysis-powr-mwat-wpr-slr/?utm_source=onesignal&utm_medium=push....
WPR – WePowerSimilarly, to MWAT, WePower (WPR) also recently finished their ICO. Their token, the WPR, is trading at $0.15 with a market cap $53 million. WPR is a green energy trading platform on the Ethereum Network. This means the tokens are ERC-20 which is convenient for transferring between wallets. The WPR platform helps green energy project developers to raise funds by allowing them to sell their energy directly to consumers by bypassing centralized energy companies.
By bypassing centralized energy companies, the consumer can pay a drastically reduced rate. This is beneficial for both producers of green energy and the consumers. The producer of the energy succeeds by not having to seek funding from venture capitalists or institutions at outlandish debt rates.
The consumer wins by having electricity in their home at a fraction of their previous cost. All these energy cryptocurrencies have many similarities but determining which one will have mass adoption is very important.
WPR intends to allow consumers to buy energy directly from renewable producers on a one kWh basis through smart contracts. This will enable global investment opportunities when green energy projects are presented while also increasing the existing market for consuming green energy.
22,933 people contributed to help us deliver our #mission of accelerating #RenewableEnergy #development and shifting the world towards a more #sustainable living. It is our time to now work even harder and deliver. #WePower #Blockchain #Tech #Energyhttps://t.co/iX2vC3rZu7
— WePower (@WePowerN) February 2, 2018
WePower’s StructureWePower intends to act as an energy intermediary or an energy supplier of sorts. The firm’s platform connects to the energy grid and a local energy exchange market. The energy user also connects to this market, and all links in the chain are completed. When a renewable energy producer joins, future energy is tokenized based on kWh units.
Each internal energy token represents one kWh to be produced at a certain time in the future. This concept is fantastic as the consumer would not need additional equipment to pay energy bills besides being able to connect to the WePower market.
WPR tokens specifically allow for priority access to their holders for auctions of tokenized energy of future green energy plants. This allows token holders to purchase energy at the lowest initial price set by the producer. WPR is not used to pay for energy tokens.
WPR tokens are also rewarded in the form of dividends donated from producers at a 0.9 percent rate of total sales. This results in the WPR tokens accruing green energy over time and allowing them to sell or use the green energy once it’s produced and provided in a dividend. The idea seems solid, but who is the team behind the project?
An Impressive List of Team Members and AdvisorsAlthough MWAT has more market traction, partnerships, and customers, the WePower team is definitely competing to be number one on this list.
Arturas Askavicius, the COO, has a legal background in crowdfunding and specializes in Fintech. Nikolaj Martyniuk, the CEO, has over ten years of experience in energy development and projects. David Allen Cohen, an award-winning energy advisor. Eyal Hertzog, an advisor, but also the co-founder of Bancor. Jon Matonis, an advisor and chairman of Globitex.
Liraz Siri, founder of SIRI for Apple (I’m just kidding, just checking to see if you were paying attention). Liraz is a security expert and co-founder of Turnkey Linux. This list of advisors and team members would be pleasing to see on any ICO page, especially one linked to energy production.
More Government Support from Australia and LithuaniaIt seems POWR is not the only ICO in the energy world directly or indirectly supported by the Australian government. WPR joined Australia’s Startupbootcamp Energy Australia Accelerator (SBC). By investing in WPR, SBC was the first accelerator program to invest in a company doing an ICO.
#Startupbootcamp #Accelerator (SBC) chose us as one of 10 #energy companies for a prestigious #Australian energy track program! It is both a huge honour & achievement!
WPR also has partnerships with Australian energy giant, Energy Australia.The WPR project is sponsored by The Ministry of Energy of the Republic of Lithuania because of its likely positive impact on climate change. WPR is an innovative token that when clarified to the European regulator highlighted how it is structured as a reward based crowdfunding, where contributors are rewarded free energy to be used or sold in the future.
There are currently three partnerships to connect 1,000 MW capacity projects to the WPR network from Conquista Solar, Civitas, and Novocorex.
WPR Conclusion: Good but Not GreatWPR has a lot of potential, but their hiccup with European regulators and the token being a crowdfunding device seems to be a manipulative way around whatever it is they’re trying to accomplish.
A major positive for WPR is their team as it is truly outstanding.WPR’s government connections in Australia and Lithuania make it a very strong play as it is a rare find to see two governments actively interested in a single cryptocurrency.
Due to significant partnerships, an exceptional team and government support WPR should have an above average 2018. The author believes MWAT will outperform WPR and the other coins on this list, but if a second-place award were to be given, WPR would get the silver.
