Gibraltar-based green energy exchange blockchain platform WePower has announced it will accept registrations for its fundraiser as the company prepares for its official launch. The WePower pre-launch fundraiser is structured as a reward-based crowdfunding campaign, where contributors will receive WePower tokens in return for their Ethereum contributions.
Part of the green energy that will be produced and traded on the WePower platform will be assigned to Energy tokens and stored in a smart contract. Thus, the WPR token will be tokenized energy stored in a smart contract and accrued with the growth of WePower platform.
WePower is inviting everyone to join the green energy exchange platform now. The platform already has all partner agreements that would facilitate the launch, and all necessary Letters-of-Intent are in place. The demo product is already working, with another major update coming soon for blockchain and use of smart contracts so that investors can finally enter the green energy market directly. By buying green energy on the WePower platform, they finance the development of green energy producers and make the market more attractive, encouraging the production of more energy. They earn money and help save the planet at the same time.
Manmade climate change and the resulting temperature increase have been proven to accompany the indiscriminate use of fossil fuels. These changes are poised to cause severe damage to the world’s ecosystem, food systems, and climate by the end of this century. One of the main strategies to slow this damage is through massive investment in 100% renewable energy. WePower is developing a distributed clean energy network based on blockchain and smart contract technologies to accelerate the shift from centralized dirty energy to local, distributed clean energy.
The WePower platform connects existing and new renewable energy producers with companies and people willing to switch to clean energy and invest in a 100% renewable future. With the help of blockchain and smart contracts, WePower solves multiple major problems of energy sector at once: It brings transparency to the amount of green energy produced, consumed, and how much CO2 emission was reduced. Energy developers cut intermediary commission fees or raise less expensive funds for new projects by selling future energy at today’s price. Energy consumers benefit from the cheaper future energy and participation in CO2 or other green energy certificate markets.
The WePower team leverages experience from energy, law, the blockchain, payment systems, security and emerging digital finance industries to design a platform that will change the way how everyone can earn money by producing, buying and investing in green energy. By doing good, users not only make a profit – but also eliminate dirty energy providers from the grid.
The WePower pre-launch fundraiser is structured as a reward-based crowdfunding campaign, where contributors will receive WePower tokens in return for their Ethereum contributions. Part of the green energy that will be produced and traded on the WePower platform will be assigned to Energy tokens and stored in a smart contract. Thus, the WPR token will be tokenized energy stored in a smart contract and which accrues donated energy (i.e. projected green energy production) in the form of energy tokens. WPR token holder can use this energy for its own purposes or trade it on WePower platform, at any time of his disposal. This ensures liquidity option for contributors, especially if contributors are from places where WePower is not connected to the grid.
Launch of WePower Network and Expansion Plan
The launch will be divided into 4 stages:
Stage 1) Finish of technical development of WePower platform. The company is aiming to finish the platform without artificial intelligence, machine learning, and energy storage features within 6-9 months after the fundraiser.
Stage 2) With the finish of the first stage, the company will launch WePower in European Union Member States, such as Spain, Portugal, Greece, Italy, and Germany. Also, WePower is going to finalize technical features of the WePower platform related to artificial intelligence, machine learning, and energy storage. This will take the company 9-12 months after the fundraiser.
Stage 3) Further expansion to the United States of America, South of America, Middle East, and Australia. 12-18 months after the fundraiser.
Stage 4) Further expansion. 18+ months after the fundraiser.
WePower is planning to start trading renewable energy produced in Spain where their partners are creating projects to deliver renewable energy at the market price. These partner companies agreed to sell their current production using WePower Network.
More information is available in the WePower Green Energy Network white paper: Energy exchange market powered by blockchain technology.