WePower: Future of Energy Investment and Trading
As indicated by Bloomberg New Energy Finance, 2016 level of investments into renewable energy has achieved a level of 242 Billion USD speaking of a 23% reduction over the earlier year. Mid 2017 patterns demonstrate that interest in renewable energy has fallen 20.9% in Q1 contrasted with 2016 from 64.25 billion to 50.84 billion. The market is commanded by banks, PE reserves, hedge funds that are keeping out every other person from the energy investment scenario and not serving the necessities of a renewable energy society with appropriate access to capital nor the requirements of end consumers of the energy.
WePower goes for slicing through the present issues of access to capital for the renewable energy makers and access to investments in awesome gainful ventures straightforwardly for the last shoppers. This is achieved utilizing the speediest and straightforward route through blockchain and energy tokenization. By utilizing innovation, WePower tackles the accompanying energy marketplace inadequacies:
• Global access to capital for environmentally friendly power energy ventures
• Global access to efficient green energy investments and trading (i.e. liquidity)
• Speed and transparency
INTRODUCTION
WePower is a blockchain-based green energy trading platform. It associates energy purchasers (families and investors or market creators) specifically with the green energy makers and makes a chance to buy energy forthright at lower rates. WePower utilizes energy tokenization to institutionalize, streamline and open internationally the presently existing energy investment marketplace.
Energy tokenization guarantees liquidity and stretches out access to capital. In addition, it gives the principal access to live to trade of renewable energy internationally for everybody. With a probability to be incorporated with IoT for buy or trade of energy as a base layer of the advanced energy world, WePower will lead decentralized energy change.
FEATURES OF WEPOWER
1. Energy tokenization
The WePower platform enables renewable energy makers to tokenize and offer the energy they deliver. A renewable energy maker associated with the platform issues its own energy tokens inside the WePower platform, where 1 energy token corresponds to 1 kWh of green energy to be created in a specific time later on (for the most part inside 4-6 months from the association minute).
Each renewable energy plant associated with the WePower platform will sort out an auction for the sale of tokenized energy. The token holders will be provided supreme privileges and their distribution will rely upon the quantity of WePower tokens they are carrying along.
2. Tokenized energy auction
Each new renewable energy plant offers more economical energy to the clients of the WePower platform through the auctioning process which sets the most minimal cost for energy per 1 kWh (or one energy token). The auction opens to WPR token holders first. WPR token holders will have 48 hours priority access. After this period has slipped by, the rest of the energy is offered to all WePower platform members.
The least price is set by the auctioning party. Present and recorded energy costs are present for reference and comparison on the platform. This gives market price reference for energy and goes about as a kind of reference point for the highest price.
WEPOWER TOKEN USE
Each energy token corresponds to 1 kWh of green energy to be delivered by a specific time later.
The proprietor of these energy tokens has the accompanying alternatives:
1. Utilize the energy when it is created, if the energy was bought for a development project in the purchaser's home market. Note that WePower will physically provide energy in view of the quantity of energy tokens held. This happens once WePower enters a token proprietor's home market and starts operation under an independent energy provider's legitimate system.
2. Second - Offer the energy before its generation inside the WePower platform to some other client.
3. Third - consequently pitch the energy to the wholesale energy market once the energy is created and get paid in cryptocurrency. This leaves a mist about the last settlement price as it is done at the market cost in that minute. In any case, it gives a protective net to the funds invested in energy. All energy with this choice is sold parallely on the wholesale market.
TOKEN SALE
The collection in the pre-sale of WePower accounted to $3M and was held in the month of October 2017. The primary ICO, however, will begin from February 1, 2018, going for around $32 million. 55% of all tokens are sold to speculators, while any unsold tokens of this 55 % will be destroyed. Tokens that are distributed to the group (20%) will be bolted for a period of 3 years with a vesting plan and tokens for the future utilize (10%) will be frozen for a period of 4 years. The 15% community and client development tokens won't be locked. To have the capacity to add to the ICO, a small investment worth $200 of Ether is required.
Soft cap-5 million USD
Exchange rate for token sale until the soft cap- 1 ETH - 4600 WPR
Exchange rate for token sale above the soft cap- 1 ETH - 4000 WPR
Minimum investment amount - 200 USD in ETH
Application of Funds
CONCLUSION
The accomplishment of WePower lays on the adoption of the system by the majority of buyers and the makers of environmentally friendly energy. The group knows this and has made a working item that expects to be executed towards the finish of this current year with organizations and European regulators supporting it. Token holders additionally get paid rewards as tokenized energy for holding the token along with the benefit of having the capacity to utilize the WePower platform.
This is an easy win and with their approaching ICO investors can hold WPR tokens at a high discount. All things considered, with solid partnerships, a strong guide and a strong group around, WePower can exploit an industry that will without a doubt benefit from adopting blockchain.
Whitepaper: https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view
Website: https://wepower.network/
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616