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Blockchain technology is a power that can’t be denied by the modern financial world. The security features offered by the technology are something that is highly sought after by many companies that are looking to build working platforms around it. Digital currencies are establishing themselves as more reliable means of trade as initiatives such as BlockEx are surging to offer the regulatory background and the ability to regulate a field that is often seen as anarchic in nature. The company is currently ready to stand behind WePower as one of the most competent ICO initiatives out there.

Clearing the air for WePower

Since BlockEx’s mission is to clear the air for up and coming investors about each new ICO in the market, they have set their sights on WePower and their crusade to offer new sources of renewable resources. The company uses a business model with a more direct approach. WePower is ready to make some pretty heavy changes in the way energy is dealt by providers. Since the company is very aware of how difficult is to raise financing for new energy initiatives, they are taking a right to control the viability of all these plans from banks and financial institutions and putting it right at the hands who anyone who wants to contribute with them.

The plan of WePower

WePower is tokenizing green energy consumption by offering producers the chance to collect funds from investors and consumers. These energy tokens will be directed to finance their operations with a set deadline, the success of each energy provider under the platform will depend directly on their ability to make a clear and advantageous offering over their competitors. This new model of business opens the market to buy or sell energy on a direct market. No longer will you have to be dependent on an energy wholesaler, you won’t be dealing with fossil fuel producers, you can trade tokens inside the platform with other green energy providers and the blockchain system will create an ecosystem with full and complete accountability.

The workings of WePower

WePower has been very successful so far with their roadmap. The schedule has been going along accordingly with the pre-ICO sale raising $3 million in the past October. The ICO sale will begin in February with a hardcap of $35 million. The cost relation of the WPR token is 1 token is equal to 1 KW/h. And 1ETH will give access to 4,000 WPR units. The financing obtained from the token sale will be distributed by lending 45% of the proceedings to the development of the platform, 25% for its expansion, 15% for the energy market and the last 15% for the integration of other projects.

The WePower token ICO is not considered a financial instrument in the true sense of the word by its developers, at least not in the same terms as Bitcoin and Ethereum are perceived in the digital currency market. The tokens are more akin to a reward based on crowdfunding. The inherent value of each token is the one given by each user as they decide to trade it for energy or FIAT money, or even other digital currencies. The victory for them is the continual support of new ways to produce renewable energy.

You can get more details on the planned reach of WePower by going to:

WePower Website
WePower Whitepaper
WePower ANN Thread
WePower BOUNTY Thread
WePower Telegram