WePower is an eco-friendly blockchain project that seeks to increase the use of renewable energy by creating a token-based platform on which energy traders can raise capital. The model allows green energy producers to transact directly with energy investors as well as consumers by selling their output upfront at competitive below market rates.
The tokenization of the platform increases access to capital for energy market players and also improves liquidity. At the moment, financing options for renewable energy projects attract a significantly high debt-to-equity ratio. This makes it challenging to develop and implement such projects. The WePower model attempts to address that market gap because it allows anyone who can purchase tokens to become an investor.
The WePower Dual-Token System
A key component of this model is a double-pronged token system, the energy tokens that run smart contracts for the system’s blockchain, and WePower (WPR) tokens that serve as the platform’s medium of exchange. The energy tokens have a relatively stable value as they reflect actual energy prices.
Green energy producers sell their tokens within the WePower ecosystem using an auction model. WPR token holders on the platform get the first priority to purchase the energy tokens. They have a 48-hour window period during which they can buy tokens at the best possible prices using the WPR tokens in their possession at the time. After this period, other buyers can participate and the initial investors have the opportunity to sell at a profit. This model is a great way to appeal to traders to join the platform, buy and hold tokens so as to participate in the auctions.
Green Energy Trading Opportunities
WePower is the first model of its kind to offer investors the opportunity for live trading in green energy. This creates numerous possibilities as the system only acts as a base layer for numerous potential digital energy innovations. For instance, the system can be integrated with the Internet of Things for energy trading. Being an early riser in this sector, the platform could become a global leader in the decentralized energy revolution.
It is noteworthy that with the current rate of climate change and carbonization, the existing systems are fast heading towards obscurity. This next generation system which combines decentralization, democratization and an eco-friendly approach offers an ideal solution.
WePower is starting out by creating a green energy ecosystem in Europe, as the regulatory framework governing the region seems most ideal for the implementation process. The European energy market enjoys the advantage of having a uniform regulatory structure across all of its constituent states. This presents the ideal setting because the project will require the existing energy grid to allow for tokenization beyond borders.
The energy industry offers an opportunity for big business as it is a key player in the global economy. WePower is targeting both new and existing players in the renewable energy sector by facilitating investments to allow for its generation and trade. The platform seeks to connect these producers directly to the consumers in order to eliminate costly third parties and create a unique investment opportunity for everyone involved. The project already has a demo platform available for tests on its website.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of coinmarketcap.com
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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