We got the Green Power - WePower
WePower Is a blockchain based green energy trading platform, where you can finance, invest and trade at scale. It enables renewable energy producers to raise capital by issuing their own energy tokens. The tokens represent energy they commit to produce and deliver. Energy producers can then trade directly with green energy buyers, peer to peer, with no middlemen, and raise capital by selling energy up front, at below market rates. The WePower blockchain is recognised by Elering, one of the most innovative Transmission System Operators in Europe.
WePower (WPR) token holders will have priority access to participate in auctions, for purchasing tokenised energy once the renewable energy plant is connected to the platform. The project is supported by the Ministry of Energy in the Reuplic of Lithuania, due to it's potential social impact on climate change control.
Image Source. WePower Tokens may not look like energon cubes.
Once a renewable energy producer is connected to the WePower platform, their future energy is tokenised. One energy token represents 1 kWh KiloWattHour to be produced in the future. Once you go Green you never go mean!
From their Whitepaper
When a renewable energy producer requires capital to finance the initial cost of a renewable energy project, he may sell a portion of the energy to be produced in the future, on the WePower platform. The buyer/investor acquires this energy in a form of internal energy tokens. Each energy token acts as a smart contract indicating: 1) type of energy, 2) when the energy will be produced and delivered; 3) price tag. This smart contract represents a standard power purchase agreement between the renewable energy producer and energy buyer.
With each connected energy provider, a portion of the energy will be donated to WPR token holders at the time of tokenisation as is described in Donation Of Energy 0.9% in kWh. This energy may be retrieved proportionally to the amount of WPR tokens held and either consumed or sold in the marketplace. Tokens not distributed during the token sale will be locked up and unable to retrieve energy. The lockup will last 3-4 years.
| Total WPR token supply (100%) | Total token supply will be determined and announced closer to the token sale date to account for the ETH price fluctuations. Token supply will be based on the fund raising targets outlined below. |
|---|---|
| Total WPR token supply for sale (55%) | Tokens sold during pre-sale and public sale events will comprise 55% of the total token supply. Total token supply for the sale will amount to 35 million USD (our hard cap). |
| Team, community and user growth (45%) | The number of tokens depend on the number of sold tokens |
| Unsold tokens | Burned |
| Soft cap | 5 million USD |
| Exchange rate for token sale until the soft cap | 1 ETH = 1,150 WPR |
| Exchange rate for token sale above the soft cap | 1 ETH = 1,000 WPR |
| Main token sale date | 1 February 2018 |
| Public token pre-sale | Completed on 22 October 2017 after raising 3 million USD. |
| Period of the token sale | 14 days (block number TBD) |
Intro to WePower
Demo of their trading platform
Competitors
https://powerledger.io/
https://www.hydrominer.org/
Whitepaper https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view?usp=sharing
More info
https://wepower.network/
https://t.me/WePowerNetwork
This is not investment advice, always Do Your Own Research (DYOR).
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