ICO of the Week: WePower (WPR) Brings Green Energy Investing to the Blockchain

In recent years, investments in the green energy market have been on the rise. With an increasing number of companies and governments looking to reduce greenhouse gas emissions and invest in renewable energy, new technological breakthroughs continue to help this industry grow.

There are still many challenges that companies in this sector face. One major hurdle is the requirement to raise a lot of capital upfront to invest in important infrastructure like solar panels and wind turbines.

WePower’s Purpose

The WePower (WPR) ICO is exciting because this cryptocurrency was created to change the way renewable energy companies raise capital. WePower enables renewable energy producers to raise capital by issuing their own energy tokens that green energy buyers(investors) can purchase. This project simplifies the process of investing in green energy and opens up the market to more people.

As government subsidies for green energy projects decrease and capital demand increases, WePower hopes to be the market solution for investment. The team plans on focusing mostly on gaining adoption in Europe first and then turning its attention to other global markets. Current partnerships with renewable energy producers allow WePower to be operational within 9 months after its ICO.

ICO Details

WPR’s ICO has an unlimited cap beginning at February 1st 5:00PM UTC to February 14th 12:00 PM UTC.

How much is WPR worth? For the ICO, 8000 WPR equals 1 ETH.

The token supply will be around 200 million. 55% of all tokens will be sold to ICO investors. Any unsold tokens will be burned.

WePower raised $3 million during its public pre-sale in October 2017. The ICO fundraising target is $32 million. Note that you must have a whitelisted wallet to purchase WePower tokens during the ICO.

Where can I buy WPR?

Currently, tokens can only be bought on WePower’s website. WPR will be listed on cryptocurrency exchanges after its ICO. Exact details of partnerships with exchanges will be revealed sometime after February 14, 2018.

WePower Team

WePower is headquartered in Lithuania and has an impressive team size of 25 people. The team includes people with tons of experience in a wide range of relevant industries. The team has blockchain advisors, energy sector advisors, security experts, investment experts, energy IOT experts, and marketing professionals.