WePower: The Green Energy trading platform based on Blockchain
WePower aims at revolutionizing the renewable market in every way. People at WePower firmly believe the importance of Green energy revolution, which is now needed more than ever before.
According to them the world still runs on dirty energy, changing which can take several decades. Current investment structure has too many bottlenecks which according to them has slowed investment into renewable significantly.
WePower will be aiming to change renewable energy market following the bottom up approach by connecting green energy producers directly with the households or investors. WePower platform enables all the renewable energy producers to raise capital by issuing their own tokens. The token issued will represent the energy they commit to raise and deliver.
With the help of these people who are producing energy can directly trade with the green energy buyers and raise capital by selling off the energy upfront. Their rates are going to be lower than the market rates.
WePower is directly integrated with the energy grid and wholesale energy markets. It enables transparent energy accounting and new generation digital utility services.
The Platform Is Built To Span More Countries In Near Future
They are currently piloting a nation-wide energy data tokenization in Estonia. WePower token sale contributors will receive a native digital WPR which will give priority pass to green energy auctions and will constantly accrue energy, donated by producers connected to WePower platform. WPR token holders can use this energy for their own use or sell it on WePower platform, at any time!
WePower already secured necessary partnerships from current industry players to start energy trading immediately. Also, WePower has a pipeline of renewable energy projects waiting for investments. This enables them to be operational within 9 months in Spain and further expand to Germany, Italy, Greece, and Portugal
They have crowdsale funding which they will use for global expansion.
A Platform for Sustainable Energy!
The WePower token has been a revolutionary token in several ways; it keeps growing with the WePower Platform. The token store tangible value and ensures liquidity. Every renewable energy producer using WePower donates part of the produced energy to the wpr token holders, all the WePower token constantly accumulate this energy that is produced.
Tokens at WePower collect genuine value in the energy form. According to WePower, WePower with the secured partnerships can start its activity and token will be collecting energy immediately. This can be used for your personal need, or you can as well sell it to someone else. With the help of this medium contributor who is residing in places where WePower doesn’t operate can participate in this platform. We power token is a new player in the renewable energy financing which is currently valued at 242 billion US dollars.
This is a project that foresees major gains in the future. Also, this will prevent the citizens of a nation or state from wasting energy and helps them in giving it back to the people who are in need of it. The best part is that these contributors will be able to earn cryptos for every unit of energy they contribute!
The WPR token earned by sharing solar energy can be utilized for buying energy for themselves as the WPR owner is eligible for 0.9% of energy tokens that is produced by the renewable plants.
The Future of WePower
Since many green organizations have shown support for them, we will soon see a platform that will be fully funded and functioning to be implemented in all major countries.
By gaining support from Novocorex, Civitas Projects, and Conquista, Wepower hopes to expand their reach in the year 2018.
Blockchain Magazine is an independent platform mainly focused on news and stories related to blockchain and other decentralized technologies. We are committed to deliver and present a reliable and true picture of blockchain framework.