WePower: A Blockchain Based Platform for Trading Green Energy

WePower is a green energy producing company inaugurated in January 2017. In July 2017 it has launched 1000 MW pipeline secured energy project. It provided a platform to the producers of green energy to enable them to create their energy tokens that can be traded to raise capital. The commitment of the energy producers to produce and deliver the energy can be represented through these tokens. The release of these tokens can simplify and standardise the existing investment ecosystem in the field of energy all over the world. It will also allow the producers of green energy to trade their tokens directly with the buyers of their energy, at less than their market rate, to raise capital by selling their energy in advance. This Blockchain solution suggested by WePower has recently been recognised by one of the most pioneering European transmission system operators, Elering. In this way by releasing its ICO WePower has changed the ways of raising finances for green energy plants.The WPR tokens released by WePower ensure growth to the investors as their value will increase with the growth in the demand of energy auction and the platform. These tokens are backed by green energy which will always have some book value. These tokens are designed as per their requirements of European regulators. They are usable and liquid as they can be traded in the wholesale markets or can be used to consume green energy.My opinionThough investing in cryptocurrencies is considered risky as they can crash anytime still there are certain digital currencies you can rely on. In my opinion, WPR is one of the reliable cryptocurrencies as it is backed by Blockchain technology. It allows the investors to use green energy up to 1KW/hour against each WPR, which is not a bad deal.Innovations suggested by the companyWePower has used Blockchain technology to support its innovative idea of gathering the producers of green energy and the consumers of green energy at one platform. WePower has created its own cryptocurrency, WPR, for the purpose of attracting the investors and consumers of green energy produced by this company. They can purchase WPR in advance to by making upfront payments to use energy as per their requirement. They can use one kilowatt-hour of energy against one WPR. This cryptocurrency can also be traded through this platform.Information about the sale of ICO tokenWePower has started pre-sale of WPR in October 2017 and raised $3 million. The sale of ICO to general public is likely to be opened in February 2018. The value of WPR against ETH will be 1ETH = 4000 WPR. The Soft cap will be $5 million USD and hard cap will be $35 million USD. 55% of the total number of tokens will be sold publicly, 15% for community growth and 20% will be locked up for team whereas 10% will be locked up as reserve for future. Most of the funds raised will be invested by WePower in the development, integration and expansion of its own plants as well as the energy market.

In order to get more information about WePower and its ICO you can visit https://wepower.network/ whenever you want.