These energy providers will work with WePower to develop a new generation energy ecosystem where green energy financing is global, lean and economically beneficial to all parties involved. The successful ICO will further WePower’s goals of driving global green energy adoption and promoting sustainable living.
Our marketplace removes many limitations of the traditional PPA process
It also provides security, efficiency and transparency for users when purchasing green energy. It enables renewable energy producers to raise capital by issuing their own energy tokens. WPR is one of the few cryptocurrencies that enables corporate energy buyers to contract energy directly from green energy producers at below-market rates.
With the help of the blockchain technology, the utility companies can now improve their efficiency to the maximum extent. This will not only benefit the buyers, but the green energy will be available to them at below-market prices. In addition, the middlemen are eliminated through the blockchain technology.
What is most impressive is their next generation trading platform. Eventually, this platform will allow P2P (person to person) instead of just B2B (business to business) transactions. At the heart of this new platform is a dual token system- energy tokens provide smart contracts secured on the blockchain and WePower (WPR) tokens facilitate trading on the platform.
But so far, only a handful of global companies have been able to leverage the benefits of green energy.
There have been no news stories on WePower over the last 7 days. The most common news source covering WePower is WePower Twitter and the most common news category is Project Announcements. Holders of WPR tokens have access to energy auction priority on the WePower platform, where energy access is traded. Each renewable energy producer sells energy tokens using an auction model on the WePower platform. During the first the 48 hours, only WPR token holders can participate in the auction and buy energy tokens.
WPR token holders have advance access to green energy auctions held by green energy producers on WePower platform.WPR tokens were pre-minted. This means these tokens are already fixed a number so WPR mining is not possible. WePower is a platform that uses smart contracts in enabling its users to invest and finance green energy projects.
Green energy production has already become a competetive alternative to traditional energy sources
This system facilitates the direct trading of renewable energy between a network of producers, investors and consumers via energy auctions and a wholesale marketplace. Through the CoinSwitch website, you can buy a Wepower token and exchange Wepower with 300+ other cryptocurrencies including the likes of Bitcoin, Litecoin etc. The services of WePower rely on the blockchain technology.
Even as this bear market has stifled progress in the space, making financing increasingly difficult to come by, WPR has been hiring and building. Out of thousands of cryptocurrencies that let their projects become obsolete in prior months, WPR has done the opposite. WePower (WPR) is currently the #541 cryptocurrency by market cap at $3.7M USD. Trading volume for WePower over the last 24 hours is $202k USD.
- WePower is a blockchain-based green energy trading platform.
WePower is a blockchain-based green energy trading platform. It helps renewable energy producers to raise capital by issuing their own energy tokens. WePower connects energy buyers (end users and investors) directly with the green energy producers and creates an opportunity to purchase energy upfront at below market rates. WePower has developed Ethereum Smart Energy contract tokens to standardize, simplify and globally open currently existing energy investment ecosystem. Energy tokenization ensures liquidity and extends access to capital.
Wepower token price fell a year after its positive reception in the cryptocurrency market. According to its Founder and CEO, Nick Martyniuk, Wepower rate allows for safe investment in the crypto market which can be volatile at times. WePower is an open-source, Ethereum blockchain-based platform, designed to raise funds for renewable energy producers. It aims to allow green energy trading via digital smart contracts. WePower’s team is composed of over 60 individuals and they are currently concentrating their business in Australia.
Energy tokenization standardizes simplifies and opens globally currently existing energy investment ecosystem. As a result, energy producers can trade directly with the green energy buyers (consumers and investors) and raise capital by selling energy upfront, at below-market rates. WePower is a blockchain-based green energy-trading platform that enables its users to interact and trade renewable energy for the platform’s native token WPR. Renewable energy producers are also able to raise capital by issuing their own energy tokens, which represent energy that they are committed to produce and deliver to their token purchasers.
It aims to promote a greener and cleaner environment by providing more efficient means for renewable energy projects to get the required funding. Also, the token follows only the rules that are provided by the Ethereum platform. There are a number of platforms and applications developed by the Ethereum platform. WPR token is the native cryptocurrency of the WePower blockchain.
A Buyer tenders their load to secure competitive offers from projects
WePower wants to help build an infrastructure to bridge renewable energy producers output and traditional energy grid operators thus making the grid a little greener. WePower enables renewable energy producers to raise capital by issuing their own energy tokens. These tokens represent energy they commit to produce and deliver.
The funding for renewable energy projects has not been very successful in the recent years. The rest of the companies that focused on the production of green energy need a lot of funding. In this scenario, WePower can get recognition worldwide with proper marketing. WePower enables green energy producers all over the globe to increase capital with the help of smart coins. For this purpose, they are issuing WePower Coins to their customers.
WePower Statistics
The energy token price reflects the price of the energy itself and is therefore relatively stable. WePower creates opportunities for green energy developers, such as solar or wind plant builders, to raise capital by selling future energy production upfront in the form of energy tokens. Unlike other similar projects, WePower is strongly focused on partnerships with utility companies.