KWH claims itself as the international standard for solar crypto currencies. There are a very few solar based crypto currencies. There are only the rare ones that offer real value. KWHCoin definitely belongs in the short list. KWH is about empowering every party involved in solar energy economy. It enables renewable energy producers and energy distributors to transform into their own company. They can operate as full pledged digital energy company.
How it works?
Renewable energy producers input their usage data on the blockchain. The excess produced is tokenized in the blockchain. It happens in the form of KHW coin. The centralized established didn’t leave too many options to end customer to pick their zero carbon energy provider. However, with a peer to peer trading platform KHW is able to do that. They are leaving their customer spoilt for choices. Customer can now purchase clean energy directly from the source. They can trade with their neighbors and local renewable energy producers.
KWHCoin in a nutshell:
KWHCoin is a digital currency like any other crypto coin. It converts renewable energy to digital tokens on a blockchain. The energy generation backs the value of KWH coin. It stands short for Kilo Watt Hour. The tokens are generated from myriad renewable energy resources. From solar power generators to micro grids to hydroelectric power generators, everything renewable energy source is included. The energy that turns into KWH tokens belongs to 100% renewable category.
Vision:
KHW aim to build a platform that facilitates peer to peer trading of energy. The functions extend to exchange, donate, etc. It is a multifunction platform, which the company has in mind. It uses the World Wide Web as commute to deliver clean energy. The need for centralized authority or third party is hence, eliminated. No energy source that comes from using up of fossil fuels will be included. The platform would leverage the value of blockchain and smart contracts in democratized space of energy marketplace.
Mission:
KHWCoin wants to be the frontrunner in promotion renewable energy sources globally. They want to be the catalyst in concentrating the supply with clean energy. They want to come up with a viable solution that caters to the energy needs of more than 1.2 billion people on the planet. The Grid will be capable of providing 100% clean and renewable energy from solar and distributed resources. It will create a whole new alternative marketplace for exchange of clean energy.
ICO details:
The ICO is set to launch on 8th February 2018. The price per token hasn’t be announced yet. It is speculated to be determined by market demand. You can join the KWH mailing list for more notifications on the ICO. The KWH tokens are backed by energy sources. Almost 200 million KWH tokens will be generated in the pool to kick start the tokenized economy. KWH is an ERC20 complaint token. It will operate on Ethereum blockchain. The presale opened up to awesome reception. The ICO received a favorable tweet from John McAfee from his official twitter account.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://kwhcoin.com/
Whitepaper: https://kwhcoin.com/wp-content/uploads/2017/12/KWHCoin-White-Paper-REVISED.pdf
Twitter: https://twitter.com/kwhcoin
Facebook: https://www.facebook.com/KWHCoin
Reddit: https://www.reddit.com/r/kwhcoin
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