WePower – A Blockchain-based Green Energy Trading Platform
WePower empowers sustainable power source makers to raise capital by issuing their own vitality tokens. These tokens speak to vitality they resolve to create and convey. Vitality tokenization institutionalizes improves and opens all around as of now existing vitality speculation biological community. Therefore vitality makers can exchange straightforwardly with the environmentally friendly power vitality purchasers (buyers and speculators) and raise capital by offering vitality forthright, at beneath advertise rates. Vitality tokenization guarantees liquidity and stretches out access to capital. The WePower blockchain arrangement is as of now perceived by Elering, a standout amongst the most creative Transmission System Operators in Europe.
The organizers say WePower will offer power contracts at a lower cost than on the customary market. In Spain, WePower’s dispatch advertises, they gauge that one megawatt-hour will cost $39-$40 per unit against a standard discount cost of $47 per unit. That would be a 17% sparing and the unit itself would be tradable, which means you could offer on the token if the cost was rising (say, on the grounds that there was a deficiency of inexhaustible power accessible whenever).
To improve the financing cycle and open access to capital, WePower empowers vitality tokenization. Tokenized vitality speaks to a contracting component between a vitality maker and vitality purchaser.
Current Energy Market Structure
As indicated by Bloomberg New Energy Finance (BENF)1, the 2016 level of speculation into sustainable power source had achieved 242 Billion USD, speaking to a 23% reduction over the earlier year as found in the diagram on the right. By and by, mid-2017 patterns indicate interest in sustainable power source has tumbled to 20.9% in Q1 contrasted with 2016, from 64.25 billion to 50.84 billion. The market is ruled by banks, PE subsidizes and speculative stock investments that overwhelm the vitality venture showcase. This framework does not serve the sustainable power source group with appropriate access to capital. Nor does it serve purchasers with legitimate access to vitality.
Through these methods, WePower solves the following energy market insufficiencies:
• Global access to capital for green energy projects
• Global access to green energy investments and trading (i.e. liquidity)
• Speed and transparency
WePower Business Case
Energy production is big business:
1. 24,756 TWh3 energy produced each year in total.
2. 24,756,000,000 MWh energy produced from renewable sources.
3. Assuming the LEC (levelized energy cost) from solar and wind averages 50 EUR/MWh (most
likely less costly), the total market of energy production alone and sales is 1.24 trillion USD.
4. Current yearly investments in renewable energy amount to 242 billion USD4.
Everything Is Transparent
The WePower stage takes pride in its straightforwardness. Data from the vitality lattice is changed into tokens that precisely mirror the stream of vitality delivered and devoured by every client. At the point when vitality is devoured, the vitality tokens are naturally changed over to CO2 tokens. Clients would then be able to monitor those CO2 tokens to see the measure of CO2 outflows they spared.
Each exchange is recorded on people in general blockchain, which is a disseminated database that is difficult to modify. The record-keeping is completely secure and straightforward consistently.
Everybody Can Buy Green Energy
WePower intends to oblige the universal group of makers, shoppers, and financial specialists. The framework depends on blockchain-based keen contracts. The vitality tokens depend on savvy contracts, and they speak to how much vitality the purchaser claims and can devour.
Blockchain innovation guarantees the system is worldwide. Environmentally friendly power vitality created in Spain can be sold in Germany. It doesn’t make a difference where the vitality is delivered, or where it goes – as long as it’s created and acquired.
WePower Token Model
The WePower stage enables sustainable power source makers to tokenize and offer the vitality they deliver. A sustainable power source maker associated with the stage issues its own vitality tokens inside the WePower stage, where 1 vitality token speaks to 1 kWh of efficient power vitality to be created in a specific time later on (for the most part inside 4– 6 months from the association minute).
Each sustainable power source plant associated with the WePower stage will arrange a bartering for the offer of tokenized vitality. WePower token holders will have to need access to such sales and their allotment will rely upon the quantity of WePower tokens they have.
- Innovative community interaction across applications
- Provide 3rd party liquidity through exchanges and decentralized exchange protocols
- Enhanced efficiency due to smart contract elimination of intermediaries
- Enhanced security due to immutability of data
- Cheaper maintenance vs centralized database
- History of transactions and prediction of transactions
- Fault tolerance for DApps due to decentralized nature of blockchain
Token creation will end when either the maximum number of WPR is issued or the contribution period has ended. If less than the minimum soft cap of tokens are issued, token sale contributions may be retrieved.
WePower is starting its second Official Bounty Program in order to reward its supporters with more WPR tokens.
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.
- 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)
WePower plans to change the universe of environmentally friendly power vitality using blockchain-based savvy contracts. The stage unites vitality makers, vitality purchasers, and vitality foundation financial specialists. Utilizing a decentralized stage, WePower makes it less demanding for each of the three gatherings to connect in an open and reasonable commercial center.
There’s as of now a working demo rendition of WePower accessible on the web, and the organization has distributed a broad whitepaper with their specialized subtle elements. Hope to hear more about the WePower venture sooner rather than later.
To know the latest information about WePower project you can visit the link below:
Website : https://wepower.network/
Whitepaper : https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view
Twitter : https://twitter.com/WePowerN
Facebook : https://web.facebook.com/WePowerNetwork
Telegram : https://t.me/WePowerNetwork
Reddit : https://www.reddit.com/user/WePower
AnnTread BTT : https://bitcointalk.org/index.php?topic=2207367.0
ETH : 0xF4919c366c3ad386f0A5Abe322d6cDe0238CeB28