Introduction
Human being has been utilizing various energy resources for many years and still, they are using them to fulfill their needs. The non-renewable energy will be converted but it cannot be made or produced by humans because it is a natural resource. The natural resources are limited and the population is uncontrollable therefore many countries are finding out another source of energy. For e.g. coal is a most common source of producing power, solar power, nuclear power are also the renewable power resources which can be utilized by several countries. Most of the power generating companies are providing the energy to the consumer at a high cost there is no any transparency or reliability.
Many countries now realized the need for reliable energy production which is benefited to the consumer as well as which is beneficial to save the green earth. Therefore most of the countries are a switch to an environment-friendly system which saves our future generations. Therefore to overcome from those challenges of the costly energy system and lack of transparency and reliability there is one ecosystem is developed which balanced the energy resources and provide the opportunity of trading energy supplies through that they aim to make a profitable market for renewable energy and it is called as BITWATT which is based on blockchain technology.
Solution Offered
Bitwatt platform aims to make first ever international platform for the benefit of the consumer by facilitating and integrating cooperation between the market operators. The platform will convert the way of operating electricity system by developing a flexible and smart system which balanced energy resources and consumer needs and financial ecosystem.
The platform Bitwatt will facilitate a smart platform for smart consumers of a sustainable energy system with a low cost for all. The platform will build a flexible and intelligent system which change the way of managing electricity system and it will help the consumer to overcome and provide balanced financial ecosystem. The platform is easily accessible to anyone and it facilitates the industry standard applications to running new technology.
As you know the platform Bitwatt provide a smart interface which built on smart contracts. The platform focusing on minimizing cost for the consumers so that they can use renewable energy resources. The platform builds a decentralized blockchain based energy trading market which is benefited to customers. The platform will specially develop to give equal power to the stakeholder. The platform will be specially made energy trading market for consumers, traders and producers and the platform also provide several solutions are as follows:
Saves Cost
Adjustments of demands and response
Alliance Within reliable, secured decentralized network
Quick and speedy way of billing and buying, selling
Create and facilitate new business opportunities
Create & structure of a regulated medium, without creating new legislation.
Solutions For Troubleshooting By Bitwatt
Provide consumption information in real-time
Provide energy exchange metrics
Provide system balancing mechanisms
Provide energy trading contracts
Provide external energy trading contracts
provide energy supply contracts
Timeline
ICO INFORMATION
• Sale Goal(Hard Cap) --- $36,000,000.00 (US)
• Minimum funding goal(Soft cap) --- $30,000,000.00
• BWT Token Price --- $0.12(average equivalent of 1 kWh)
• Accepting currencies --- BTC, ETH and COSS.
• Minimum private sale contribution --- equivalent of $10,000.00
• Initial supply --- 400 million tokens
Token distribution
• Tokens are sold during the ICO---300,000,000
• Tokens are reserved for the team---40,000,000
• Tokens are reserved for advisors---20,000,000
• Tokens are reserved for country advisors---20,000,000
• Tokens are reserved as bounty---8,000,000
• Tokens are reserved for country-level marketing---12,000,000
Fund Raised & Invested
• For expansion and marketing purposes---55%
• For software development---30%
• For integration with traditional platforms---15%
Conclusion
The non-renewable energy is a source that we cannot replenish. The sources of non-renewable energy are limited. The non-renewable energy is natural resources which are not made or restored by a human being because they are natural, not artificial. Today population is increasing rapidly and everyone needs non-renewable energy resources which do not sufficiently fulfill everyone’s needs.
Most of the countries constantly find out the solution on these limited resources of non-renewable energy. The power producing companies make money by supplying power to people. To maintain this ecosystem Bitwatt creates a balance in energy ecosystem by integrating power manufacturers and sources of renewable energy. The Bitwatt use the blockchain technology which brings consumer at the center of the energy market.
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For More Information Please Visit:
Whitepaper: https://www.bittwatt.com/static/files/Bittwatt-Whitepaper.pdf
Bussines Plan : https://www.bittwatt.com/static/files/Bittwatt-Business-Plan.pdf
Twitter: https://twitter.com/BittwattPteLtd
Linkedin: https://www.linkedin.com/company/bittwatt-pte-ltd/
Telegram: https://t.me/bittwatt
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