Just a full detailed review. I've created my own webpage as well. I have members on my team thoroughly reviewing every ICO spreadsheet and we are making our own spreadsheet. Here is one of the ICO reviews on WePower.
ICO review on WePower (WPR) ERC20
Brief summary - WePower is a green energy blockchain system based on smart contracts to transform the dirty energy to locally distributed power. Green energy trading platform where everyone can buy, trade or invest in tokenised green energy.
Countries excluded: USA (Big deduction)
(Proof of Stake)
Industry: Renewable Energy
https://wepower.network/ICO start date Feb 1 - ends in Fed 14th
tools-icorating, bitcointalk, crushcrypto, ethereumrussian
Price 1 ETH = 4000 - 4600 WPR
Whitelist/KYC Required
White paper:
https://drive.google.com/…/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view
WePower Bounty Campaign 1 is Closed
WePower Bounty Campaign 2 is Open/Live (on week 6)
Revolutionary WePower token is backed green energy and grows in real value. Token accrues energy from renewable energy producers who have to donate part of the energy produced to the token holders. WPR token holders can use or sell donated green energy, which provides liquidity. WePower token model was clarified with he regulator and don't fall under financial/securities law regulation.
Distribution / Allocation format:
The ICO plans to raise funds up to minimum 5,000,000 USD with a capping of 35,000,000 USD. 55% of the tokens available to the public to subscribe.
Soft cap 5 million USD
Hard cap 15 Million USD
20% reserved for WePower team
15% are to be allocated for community users’ growth
10% will be allocated to stakeholders (future)
55% are to be allocated to the general public
*Unsold tokens will be burned. Tokens allocated to the team will be locked for 3 years with a vesting schedule and tokens for the future use will be locked for 4 years.*
Proposal: Green Energy Certificate (GEC) Paper-based representation of energy as a commodity. They set up their own formal arrangements with governments for the issuance of green energy certificates.
Team rating 7.5/10
Nikolaj Martyniuk - CEO, Energy markets / background in international renewable energy development ranging from plant construction to energy sales through independent energy suppliers. He is responsible for overall strategy and business development for WePower. He is also a founding partner of the Smart Energy Fund.
Artūras Asakavicius -Co-Founder, Investments / background in regulation and fintech. He has led a team of lawyers responsible for all Fintech, blockchain, and cryptocurrency related business/regulation at the law firm Sorainen for the past 5 years. He is chairman of the Lithuanian Fintech Association and recognized as a Lithuanian Crowdfunding Patron by the EU Commission. Arturas is focused on investor relations and the legal aspects of WePower.
Kaspar Kaarlep - CTO, energy / previously the CTO of a large national DSO, and has worked on green energy integration from different angles for 7 years. He was responsible for the DSO strategic plan and their Smart Grid technology roadmap along with management of the IT architecture.
Augustas Staras - P2P and crowdfunding
Jon Matonis - Blockchain advisor (All-Star)
Nimrod Lehavi - Fintech & security advisor
Steven Meersman - Energy markets advisor
Heikki Kolk Energy - IOT Expert
Gytis Labašauskas - Digital performance and user acquisition
Rene Fischer - Brand strategy
Mantas Aleksiejevas - Marketing and sales
Lukas Kairys - Smart contracts consultant
Aukse Siaudzionyte - Content and social media manager
Vytautas Alkimavičius - Senior software engineer
Tokens use case:
WePower has a 2 token system (WPR token and energy token worth of 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.
Holders of the WPR token will receive 48 hours priority access to participate in auctions for purchasing this tokenized energy once renewable energy plants are connected to the platform. Each plant will set the minimum price per token, and both historical and current energy prices will be visible on the platform to ensure a fair auction.
In addition, WPR token holders are entitled to no less than 0.9% of tokenized energy donated directly by the renewable energy providers. The token holders have the option to use this energy, sell it before its production, or sell it to the wholesale market when it is produced.
The WPR token model is designed to provide intrinsic value to investors in the form of energy. As the platform grows and sees more clean energy producers sign up, WPR holders will be entitled to more energy over time, which should drive demand for WPR upwards.
Lengthy investment process is considered to be one of the most critical problems of renewable energy business. What current investment process is like right now?
• Project development
• Search for financing
• Debt provider DD
• Equity provider DD
• Investment structuring
• Project construction
WePower wants to change current investment process, making it much more convenient for all parties. How exactly is it changed? The investment process it shortened. This is how it looks with WePower
• Project development
• Debt provider DD
• Plant token sale
• Project construction
Marketing strategy:
The marketing strategy of the WePower project is at a very decent level. Currently, a set of criteria for evaluating the marketing campaigns of ambitious ICO projects (we cite WePower as one of these) has already been formed. We may say that the project fully satisfies the "best practices" for promotion.
The website and documentation are presented in four languages: English, Russian, Chinese and Korean.
Social Media Platforms & Subscriber count: Telegram - 37K (main communication) / Facebook 16.6K / Twitter - 20K / Github (weak) / YouTube 3.4K weekly video posts / Medium / KakaoTalk (plus points) - 960(low members) / LinkedIN - 752 / No Instagram. One of the biggest social media platforms. (minus points)
Partnership rating 7/10
Investment Pros:
WPR ICO model token,ballows one to easily predict a return on investment while minimizing any legal risks.
WePower is also supported by the Ministry of Energy of the Republic of Lithuania.
Cons:
The energy sector is highly regulated and the landscape is different in each country. It may be difficult for different companies/governments to get on board with the idea of sharing one platform.
Even if the project successfully hits its own growth project (which is usually on the optimistic and aggressive side), the risk-adjusted return is not high. If we apply a 25% discount rate for the energy received as stated in page 11 of the white paper and assuming ether price is $1,000, the total return on the 10 ETH investment over a 6-year period is 67%, or a compound annual growth rate of 9%. This is considered low for a cryptocurrency investment.
Even using the company’s own growth project, the return of tokens from the 0.9% donation is unattractive. We like the idea of the project, but unless WePower's clients tokenize a much higher portion of their energy than projected, we don’t think holding WPR tokens for the 0.9% donation is worth it.
Competitors and competitive advantages of the project
In order to better understand the competitive environment and the competitive advantages of the WePower project, it is useful to view at least a section of the project thread on Bitcointalk. There were many questions about the similarity of the project to a number of other ICOs. the main community request is aimed at comparing the WePower project with Power Ledger. Power Ledger is an Australian blockchain start-up that provides a marketplace for selling solar energy surpluses. Indeed, in many aspects the project is similar to WePower and, with a superficial glance, it may seem that WePower copies the idea of a "pioneer".
https://bitcointalk.org/index.php?topic=2207367.0Another deficit we noticed while evaluating this project is the lack of progress on the blockchain development side. There is little progress to be seen on the Github and no verifiable evidence yet concerning any onchain products. With the ICO coming up on February 1st, it would be more reassuring to see some more traction on this front.
Risks
The WePower project is promising and fits well with current ICO market trends. In general, the community has met energy-oriented projects well; the nearest competitor Australian Power Ledger managed to raise $34 million which could be called a success. We believe that there are opportunities for the successful placement of WePower.
It is necessary to include the growth prospects of this segment in the near future and the systematic risks for the green energy industry. With a reduction in the price of oil, the competitiveness of relatively expensive "green" projects is somewhat reduced. At the same time, the lobby for classical methods of power generation is simply huge in many countries. Against this background, further growth of the renewable energy sector could be called into question and the expected return on investments may not be high.
A considerable risk lies with the complexity of the WePower system. The late development stages of the Storm and Hurricane project contain many non-trivial solutions based on machine learning and AI; all this will be implemented on the current network infrastructure that was built for other processes. Given the importance of electricity and the networks themselves, it is rather difficult to predict possible difficulties in implementing at this stage.
In conclusion, it should be said that WePower is really a quality project that can successfully complete its ICO campaign even in the current conditions of market cooling. Virtually all the key aspects of a good start-up mitigate in favor of the project – a professional team with proven experience in the specific market under consideration, the availability of a business background for the project in the run-up to the ICO, a strong approach to marketing the project and preparing all materials necessary for the investor and, most importantly, active co-operation and work with state institutions and commercial structures in promoting their own innovations. Together with the high expected value of the token, WePower seems to us an interesting investment as a green energy asset relative to the entire ICO market.
Advantages
• Renewable energy is our future
• Attractive token utility
• Agreements with regulators / energy operators
• Marketing / Social Media / Hype
Disadvantages
• Will companies / people use this platform?
• $35 Million is too much
• Fair amount of competition in this market
• Blockchain progress could be better
Also, currently there are two sides of problems in renewable energy industry. Investor and producer’s side. Investors experience lack of access to investments, complicated and expensive investment process, and limited transparency of investments. Producers experience lack of capital to develop projects, long and expensive capital acquisition from banks, and constant lack of funds. WePower is about to solve investors and producers’ problems.
On the right part of Business model slide you can see the projection of the WePower. In 2018, they expect to create green energy with the value of over 66mln euros. By 2022 they expect to reach 7bln euros of generated energy on the platform.
Currently, renewable energy financing stands at $242 bln. Recently it experienced a fall due to the more strict rules imposed with credit lines.
WPR tokenholders will receive no less than 0,9% of tokenized energy on the platform. That’s going to be a lot of money for investors if WePower manages to reach the projected numbers.
WPR tokenholders can either use this energy or sell it on the market. Somehow, I think that the majority of tokenholders will sell.
My investment strategy: Flip 75% right away. Watch the price. Pick up more on consolidation.
