WePower

WePower

WPR
$0.000241307

Key Metrics

Price$0.000241307
Real Volume (24H)$0
Marketcap$146,913.03
Fully Diluted ValuationN/A
ATH$0.219374
ATH Date3/2/2018, 2:14:44 PM
ATL$0.00036147
ATL Date12/15/2022, 7:37:10 PM
Circulating Supply609M
Total Supply745M
WebsiteN/A
WhitepaperN/A
Popularity Rank3348
Chart
What is WePower?

WePower (WPR) is a platform that aims to revolutionize the energy market by connecting energy producers and suppliers with corporate buyers for easy and transparent green energy transactions. It seeks to promote the use of natural resources like solar, wind, and hydropower, among others, to provide green energy to corporations from local producers.

The platform offers an easy-to-use interface that allows energy suppliers and producers to run auctions, and energy buyers can place bids according to their specific requirements. Once a successful bid is placed, both parties settle on a contract that outlines the product, price, volume, and term. The platform uses smart contracts and tokenized energy to execute and manage transactions. Tokenized energy incentivizes people to trade in clean energy projects and generate funding for new projects via trading.

To ensure transparency and decentralization, the platform utilizes blockchain technology. This helps to keep the data untampered, accessible to all parties involved, and distributed globally on the network. Additionally, the platform uses proof of technology (PoT) to test the compatibility of its technology with the Ethereum blockchain. This step helps to save time, research, and energy and ensures that the platform can solve the global problem of climate change.

WPR is the native token of the platform that follows ERC-20 token standards. Users can utilize WPR tokens throughout the network, and they can earn them from the energy donation pool. The donation pool receives 0.9% of each successful bid between energy producers/suppliers and buyers. When WPR holders register on the platform and share their WPR token wallet address, they receive their share of the pool. WPR holders also gain access to renewable energy auctions, but they need to maintain a WPR balance during the bidding process to offtake new projects.

The platform was founded by Nikolaj Martyniuk, CEO of the platform, and Kaspar Kaarlep, CTO. The company minted WPR tokens during an initial coin offering (ICO) in July 2017. Minting means validating and creating a new block and recording the information on the blockchain.

WePower's goal is to create a more sustainable energy future, reduce carbon emissions, and mitigate the effects of climate change. With its innovative platform, it hopes to make it easy and accessible for corporations to switch to green energy sources. By using blockchain technology and tokenized energy, WePower is paving the way for a cleaner and more transparent energy market.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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