Drinking list
WePower – a blockchain-based green energy trading platform

WePower is a blockchain-based green energy trading platform.

WePower enables renewable energy producers to raise capital by issuing their own energy tokens. These tokens represent energy they commit to produce and deliver. 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. Energy tokenization ensures liquidity and extends access to capital. The WePower blockchain solution is currently
recognized by Elering, one of the most innovative Transmission System Operators in Europe. To optimize the financing cycle and open access to capital, WePower enables energy tokenization. Tokenized energy represents a contracting mechanism between an energy producer and energy buyer. 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.

WePower was established to change how energy is developed and distributed. The WePower team has been in the market for several years during which time it became obvious that they are lagging behind renewable energy adoption. This is not for lack of a desire to live a cleaner life, and improve the world for future generations. It is due to current market bottlenecks, which slows development of renewable energy sources. There are too many intermediary players between renewable energy producers and consumers of energy. Ultimately, these costs go directly to consumers who pay for it all.

 The WePower platform

WePower is a blockchain-based green energy trading platform. It connects energy buyers (households and investors or market makers) 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

The WePower platform allows renewable energy producers to tokenize and sell the energy they
produce. A renewable energy producer connected to the platform issues its own energy tokens
within the WePower platform, where 1 energy token represents 1 kWh of green energy to be

 WePower token model

Each new renewable energy plant offers more economical energy to the users of the WePower platform through the auction mechanism, which sets the lowest price for energy per 1 kWh (or one energy token). The auction opens to WPR token holders first. WPR token holders will have 48 hours advanced access. After this period has elapsed, the remaining energy is offered to all WePower platform participants. The lowest price offering is set by the auctioning party. Current and historical energy prices are visible on the platform. This gives market price reference for energy and acts as a reference ceiling for the maximum energy price. Tokenized energy auction produced in a certain time in the future (usually within 4-6 months from the connection moment).

 Token Distribution

WePower will sell 55% of all token supply during the pre-sale and main sale. The sold WPR tokens will comprise 55%. Unsold tokens will be burned. Tokens allocated to the team will be locked for 3 years with a vesting sched-
ule and tokens for the future use will be locked for 4 years.

Token Sale Objectives

Funds raised during the contribution period will be used solely for the development and benefit of WePower. A budget has been outlined below, representing a scenario where their soft cap has been reached:

WePower will use 45% of the received funds for the WePower platform’s development. 15% of funds will be used to integrate the WePower platform to the existing energy infrastructures across target markets. Other 15% of funds will
be allocated to ensure WePower compliance with the energy sector requirements. Expansion and operations – 25% of received funds. If WePower reaches its hard cap, the team should implement all 3 stages of the project as described in this Whitepaper.

 

If you want more information, visit the WEBSITE and read the WHITEPAPER.

No comments so far!
Leave a Comment