WePower The Green Energy Trading Platform On Blockchain System

Hello Guys Today I want give you my short review about WePower Project (Green Energy Project) Hopefully This review will help you to get more informations What The WePower Project is? Here my review Check this Out.

Introductions

A comprehensive study by the Department of Energy’s National Renewable Energy Laboratory (NREL) shows that the U.S. can generate most of its electricity from renewable energy by 2050. The Renewable Electricity Futures Study found that an 80 percent renewables future is feasible with currently available technologies.

It’s a similar story in Europe and elsewhere in the world. But in order for this to happen, the right policies need to be put in place. Enter blockchain technology, which is seemingly able to disrupt almost every industry and promises to provide a decentralized mechanism for driving green energy adoption.

WePower is an energy trading platform that aims to finance the development of green energy projects and inject additional renewable power into the grid. While initially focused on Europe, WePower has announced that it will expand operations into Australia via acceptance into StartupBootcamp.

The WePower

WePower is a blockchain-based green energy trading platform. It connects energy buyers (households and investors) directly with the green energy producers and creates an opportunity to purchase energy upfront at below-market rates. WePower uses energy tokenization to standardize, simplify and open globally the currently existing energy investment ecosystem. Energy tokenization ensures liquidity and extends access to capital. Final consumers, investors, and energy market makers can buy energy for a reduced price.

WePower as independent energy supplier operates under established regulation guaranteeing relationships with distribution system operators and transmission system operators as well as fair use of infrastructure. At the same time, WePower as the market participant is connected to wholesale energy markets to sell and buy energy when needed.

WePower Token (WPR)

WePower is yet to launch, but its proposition is radical. On one side, it’s gathering together producers of renewable energy, including solar, wind and hydro plants. On the other, it’s signing up investors who pay upfront for the right to consume electricity generated by those plants. To do this, it’s created its own cryptocurrency, a token called WPR. Each token represents one kilowatt-hour of power produced and are themselves tradable on the platform. WePower Token (WPR) is an ERC20 token on the Ethereum blockchain and it’s the sole payment method of the WePower Network.

WPR token holders will have priority access to participate in auctions for purchasing tokenized energy once the renewable energy plant is connected to the platform.

Energy allocation will depend on the number of WPR tokens held by the participant. Moreover, WPR token holders are rewarded by no less than 0.9% of tokenized energy donated directly by the renewable energy providers. WPR token holders may use or sell this energy.

WePower Team

Nikolaj Martyniuk: Co-Founder, Energy
Artūras Asakavičius: Co-Founder, Investments
Kaspar Kaarlep: CTO, energy
Jon Matonis: Blockchain advisor
Eyal Hertzog: Blockchain advisor
Heikki Kolk: Energy IOT Expert

WePower Token Sale (ICO)

WePower is essentially a platform for mini initial coin offerings (ICOs). ICOs are a mix between crowdfunding and conventional equity IPOs, where instead of issuing debt, equity, or perks (as on Kickstarter), companies issue coins or tokens instead. These cryptocurrencies purchase either ownership in the startup or some form of participation in the future business (like the right to buy its products).

The ICO mechanism has raised hundreds of millions of dollars for startups this year, eclipsing the value of the traditional early-stage venture capital market. The space is currently largely unregulated and could be headed for a major “correction” according to many observers. But, in the long term, it could also be an important financial innovation, one that allows companies and everyday investors to collaborate more directly, without today’s intermediaries and gate keepers.

The WePower ICO will start on the 1st of February and will end on the 14th of the same month. The ICO token allocation represents 55% of the total supply. The WPR token will be available for a 0.00025 ETH starting price. The ICO funding soft cap is set at $5M and the cap to $15M.

Token Distribution Reserve Split:

WePower team 20% of tokens with 12 month lock-up and vesting with 6 month cliff
Community and users growth 15% of tokens
Future stakeholders 10% of tokens with 12 months lock-up in smart contract and only used if deemed necessary for the growth of WePower Network or burned if proven otherwise
Token sale contributors 55% of tokens

WePower Bounty Campaign

The WePower ICO features a bounty campaign and bonus campaign.

WePower is starting its second Official Bounty Program in order to reward its supporters with more WPR tokens. WePower Bounty Program is designed to put the word out about the company’s values, goals and progress. WePower rewards bounty program participants according to their activity and the rules of the campaign they choose. 1.5% of all raised tokens will be allocated to the Bounty Program but will not exceed 525,000 USD in WPR tokens. The program will run until the end of the Token Sale. The bounties will be paid within 30 days after the end of the Token Sale.

Here Details for Bounty Rewards distribution (Bounty campaign Part 2):

Quality pool — 10% (52.5k in WPR)
Ongoing translations Campaign — 10% (52.5k in WPR)
Moderators Campaign — 10% (52.5k in WPR)
Twitter Campaign — 5% (26.25k in WPR)
Content Creation Campaign — 35% (183.75k in WPR)
VIP content — 17,5% (92k in WPR)
Video/written interviews, reviews and articles — 17.5% (92k in WPR)
Secret Campaign — 7.5% (39k in WPR)
Signatures Campaign — 18% (94.5k in WPR)
YouTube Campaign — 2%(11k in WPR)
Telegram Campaign — 2,5% (13k in WPR)

For more information about WePower, please visit the following links:

Website: https://wepower.network/

Whitepaper: https://goo.gl/hVr6BK

Blog: https://medium.com/wepower

Telegram: https://t.me/WePowerNetwork

Github: https://github.com/WePowerNetwork

Facebook: https://www.facebook.com/WePowerNetwork/

Twitter: https://twitter.com/WePowerN

Youtube: https://www.youtube.com/channel/UCsocTWqQzDvoLBf2sVj96lQ

BitcoinTalk (ANN): https://bitcointalk.org/index.php?topic=2207367.0

BitcoinTalk(Bounty): https://bitcointalk.org/index.php?topic=2537413.0

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