Imagine buying paying for your electric at a discount with WePower (WPR)
Incentivizing buyer the energy will always be sold below market Price!
92718 people already waiting for wepower token sale
13,000 twitter followers (1000 additional)
20,0000 telegram (3k more)
10,000 additional subscribers past 48 hours
Hard Cap of 35 million, Power Ledger ended their ICO with $34 mln raised
1 ETH= 4000 WPR
$200 Minimun
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. The energy token price reflects the price of the energy itself and is therefore relatively stable. The functions of the WPR token are outlined below.
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 can buy energy at the best initial price set by the auction holder proportional to the amount of WPR tokens held at that time. This model allows token holders to access energy at the most favorable prices and to then sell that energy onward to energy buyers. The auction model is vital to attract traders and speculators to use the platform as each auction features a speculation opportunity. After the first 48 hours, anyone can join the auction.
Holders will also have access to the green energy donation pool. All renewable energy producers on the platform will be required to directly donate 0.9% of their energy tokens to the WPR token holders. Therefore, WPR tokens will continually accrue value in the form of access to real energy credits. WPR holders can use those energy tokens: i) for their energy consumption (if they live in an area where WePower operates) ii) inter-platform trading or iii) selling to the wholesale market for a profit.
WePower ICO incentivizes both producers and energy buyers to use the WePower platform. For producers, the model deployed by WePower helps to increase return on equity by 20-25%. This prospect led to the first set of energy producing clients to sign up to use the platform ( Grossing 1000 MW Conquista Solar, Civittas Projects, Novocorex) with a total of 1 billion EUR worth of solar energy development projects behind them.
On the consumer end, buyers purchase energy upfront on the market for a reduced cost. Since the energy rights are held within a smart contract, energy that is not used is liquid and can be sold in the market. Buyers, therefore, have access to cheaper energy, using only what is needed and reselling the rights to access the surplus.
Their first partnership was established with Elering, an Estonian electricity transmission company, with the plan to launch a nationwide energy tokenization pilot in April, 2018. Beyond Estonia, the WePower ICO has established additional partnerships in both Spain and Australia
One of the biggest startup accelerators in the world, SBC, has chosen WePower as part of the Startup Bootcamp Energy Australia program to be its first portfolio company using a tokenized model to incentivize and facilitate green energy adoption.
Current annual investments in sustainable energy accounts for a quarter of a trillion dollars, with a future expectation of a 11.5 trillion USD market
Example a renewable energy producer is building 100 MW solar energy capicity plants in Spain, the cost of such project is estimated 100 million EURO
Lets say the project lacks 20 million euro to start
Utilizing WePower the producer tokenizes the projected production of energy of 20 mln EURO and sells it up front